With data is piling up to contradict any claims of “peak oil” within the next few decades, the IEA’s latest report on the oil and gas industry’s role in the transition to net zero pushes a pathway that would jeopardize global energy security and harm the industry’s emissions reduction efforts. Ahead of COP28, the IEA’s
Read More...On Tuesday, the U.S. Court of Appeals for the Fifth Circuit rejected environmental groups’ appeal to effectively ban Lease Sale 261 and mandated the Bureau of Ocean Energy Management (BOEM) to hold an auction within 37 days. The decision is the latest development in the ongoing dispute over offshore leasing in the Gulf of Mexico,
Read More...Democratic lawmakers are citing a not yet peer-reviewed or published study from a biased researcher with a history of flawed work to justify their calls to stop permitting new LNG export facilities in the United States. The research from Cornell University Professor Bob Howarth claims that when considering the lifecycle emissions of LNG, natural gas
Read More...The Center for Climate Integrity – the Rockefeller-funded activist group pushing climate litigation across the country – is openly boasting of targeting energy producing states with lawsuits in blatant attempt to undermine the U.S. oil and natural gas industry. In a new article from E&E News, Richard Wiles, president of the CCI spoke of his
Read More...It is becoming increasingly clear that there are some members of Congress who lack a basic understanding of the makeup of the U.S. oil and natural gas industry and how oil markets work. This week, Senate Majority Leader Charles Schumer (D-NY) and over twenty Senate Democrats authored a letter to the FTC claiming that the
Read More...Germany and the European Union answered calls to sign on to a pact calling for a fossil fuel phaseout during preparatory talks on COP28 this week with a resounding “no”, delivering a blow to efforts calling for the immediate and hasty scale down of essential oil and gas resources. The High Ambition Coalition (HAC),
Read More...Trade groups including the Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) submitted comments this week to the Bureau of Ocean Energy Management (BOEM) urging the Biden administration to remove continued barriers to offshore energy production. Arguing that offshore leasing in the Gulf of Mexico (GOM) is critically important to American
Read More...This week, Sen. Joe Manchin (D-WV) joined Senate Republicans in voting to strip the salary of embattled National Highway Transportation Safety Administration (NHTSA) Acting Administrator Ann Carlson. On Tuesday, the Senate voted on an amendment to a spending bill that would defund Carlson’s position as Acting Administrator, a role that Republicans in the Senate claim
Read More...A new analysis by Inside Climate News attempting to quantify produced water spills in Texas should be viewed with a heavy dose of caution. The analysis lacks a clear methodology, makes misleading assumptions without context, ignores industry best practices, and was authored by an activist outlet with a history of anti-fracking biases. Inside Climate News
Read More...Everything old is new again. This week, U.S. Senator Sheldon Whitehouse (D-RI) came back with a revised version of his spectacularly incorrect “price gouging” theory. Speaking to E&E News about ExxonMobil’s and Chevron’s recently proposed acquisitions, Sen. Whitehouse made the bizarre claim that oil majors are looking for deals because of their “immense levels of
Read More...From frightening plastic masks to elaborate lawn scenes, decorations and props ensure that Halloween remains the spookiest time of the year. However, many may not realize that oil and gas products play an essential role in helping people transform their homes and selves for Halloween. Oil and gas products are critical to various components of
Read More...It’s been a rough few months for the all-electric dream. While the United Auto Workers strike continues to disrupt operations at major automakers’ facilities, carmakers are dialing back their EV production targets due to high costs and slower near-term demand. At the same time, the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration
Read More...Environmental activists continue to try to set the narrative that the upcoming COP28 summit and push for a clean energy transition won’t be successful because of influence from the oil and gas industry. But the truth is the opposite: an energy transition without the oil and gas industry is what is doomed to fail. In
Read More...An open letter penned by the ‘We Mean Business Coalition’ this week calls upon the Heads of State attending COP28 to commit to phasing out fossil fuels entirely from the global energy system. However, the letter ignores the dangerous implications that a total phase-out of fossil fuels would have on international energy security and local
Read More...Today the International Energy Agency published its 2023 edition of the annual World Energy Outlook report which doubles down on its claim that global demand for coal, oil, and natural gas will all peak by 2030. However as Energy In Depth has written previously, “peak oil” forecasts make good headlines, but often these claims don’t
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