Methane emissions from the country’s top oil and gas-producing basins have fallen 44 percent since 2011, according to data from the Environmental Protection Agency. This plunge in emissions comes even as the country has managed to shatter energy production records – the United States produced more crude oil than any nation at any time for
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Read More...With less than a month before election day, California Governor Gavin Newsom signed new refinery supply mandates into law, threatening to hike gas prices not just in California, where prices now top $4.68/gallon, but also in swing neighboring states like Arizona and Nevada. The bill, which was introduced in a special session convened by the
Read More...Click here for a shareable sheet on how the court’s decision on the National Marine Fisheries Service’s Biological Opinion (BiOp) could impact US energy production. In August 2024, a U.S. district court ruled in favor of environmental groups in a pivotal court case for energy production in the Gulf of Mexico. The ruling in this
Read More...The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...Ahead of the two-year anniversary of the implementation of the United Kingdom’s windfall tax, Energy in Depth examines its continued negative impact on the North Sea oil and gas sector. As EID has previously discussed, the windfall tax (formally known as the Energy Profits Levy) was introduced in May 2022 and increased from its
Read More...Last week at the World Energy Congress, a global event hosting thousands of the world’s most important energy stakeholders in the Netherlands, executives, experts, and diplomats all repeated the same message: the world needs to lower carbon emissions without compromising the supply of oil and natural gas. Whilst oil and natural gas is diversifying, millions
Read More...With calls for a rapid and disorderly fossil fuel phase-out making headlines as we enter into COP28, a timely research report from Carbon Tracker shows just how dangerous such a transition would be for the Global South. Carbon Tracker, an energy transition think-tank, has today released a research report Petrostates Of Decline which finds that
Read More...Biden Shamelessly Attacks Oil and Gas on Over 150 Fronts! … … [Editor’s Note: Joe Biden has relentlessly attacked the American consumer by relentlessly attacking oil and gas. Scan this IER list for the more than 150 ways in just 970 days.] Joe Biden and Democrats have a plan for American energy: make it harder
Read More...Penn College (and Other Great Schools) Earn Coterra Support! George Stark Director, External Affairs Coterra Energy … .. [Editor’s Note: Coterra Energy has been a huge vocational education supporter and the amazing Penn College is one of several schools to earn financial support from the company.] Coterra is a staunch advocate of career and technology
Read More...Natural Gas Now Best Picks – July 22, 2023 Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. This week: green jobs that cost $7.7 million each to create, the big lie about the
Read More...The United Kingdom is gearing up for a general election, predicated to take place in late 2024. With current polling suggesting the Labour Party is favoured to win, one topic is taking center stage: the energy transition and the future of North Sea oil and natural gas development. Labour sees clear scope to win political
Read More...Watching the Ohio Oil & Gas Land Management Commission’s June meeting on leasing the state’s mineral rights and recent coverage of a related protest is like taking a time machine back to 2013. Fortunately, many of the concerns raised about fracking, produced water management and other related issues are ones that have been put to
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Read More...The United States is poised to dominate global oil supply despite an expected slowing down of global demand, meaning that U.S. oil production has a sound and prosperous future, according to a recent International Energy Agency report. The new report, which provides a medium-term outlook of the “evolving oil supply and demand dynamics through to
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