Misguided claims of gasoline price gouging continue to bounce around Capitol Hill with the latest salvo coming from Energy & Commerce Committee Chairman Frank Pallone (D-N.J.) even though both Democratic and Republican-aligned economists, independent energy analysts, and the media have stated over and over again that no such practices exist. Citing the House Oversight investigation
Read More...Germany Facing Future of No Beer and Cold Shoulders? Tom Shepstone Shepstone Management Company, Inc. …. …. Germany, led by a stubborn former East German who exemplified authoritarianism, went on an Energiewende bender, but is paying the price we told them to expect. Angela Markel led Germany into what we said would be an energy
Read More...The Inflation Reduction Act that was dropped much to the surprise of just about everybody on Wednesday night is a mixed bag when it comes to provisions that could impact U.S. oil and natural gas development. At a time when record inflation is being largely driven by high energy prices and American consumers are paying
Read More...U.S. crude oil inventories decreased 400,000 bbl week-over-week for the week ended July 15, the Strategic Petroleum Reserve. The post EIA: US crude inventories down 6% from 5-year average appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...The Biden White House has been under fire for months for making dubious claims about oil markets and why gasoline prices are so high. Here’s the latest example from White House Economic Advisor Heather Boushey, who couldn’t answer the very basic question from a Bloomberg reporter of who is advising the president on gasoline prices.
Read More...Treason: Joe Biden Sells Our Reserve Oil to Enemy China! Tom Shepstone Shepstone Management Company, Inc. …. …. Joe Biden has crossed a line. He has taken oil from our nation’s strategic reserve and sold it to China while claiming to use it for our benefit. It’s treason! Section 3 of the Constitution of the
Read More...If there was any doubt that the U.S. oil and natural gas industry is interested in investing in increasing production on federal lands, it was laid to rest this week: Seventy percent of parcels offered received bids resulting in nearly $22 million during the first onshore sales to take place since early January 2021. That
Read More...Oil and natural gas companies are expanding production activity at a robust pace despite supply chain disruptions and rising costs, according to the most recent Federal Reserve Bank of Dallas survey of energy executives. This quarter’s survey revealed that despite positive top-line numbers, oil and natural gas companies have to navigate several behind-the-scenes challenges to
Read More...The first oil and natural gas federal onshore lease sale in 18 months brought in an incredible nearly $13 million in a single day showing that there is massive interest for investing in increased production. Just over 100 parcels were auctioned today in Wyoming with around 20 more being offered in a second sale tomorrow
Read More...In a letter to Interior Secretary Deb Haaland, a group of Democratic U.S. senators don’t appear to understand the purpose of the five-year outer continental shelf oil and natural gas leasing program that’s required by law. The senators, overwhelmingly representing states with no offshore oil and gas development, are lobbying the administration to leave out
Read More...The past week has been filled with President Joe Biden blundering over gasoline prices and refinery capacity, the Interior Department once again delaying federal lease sales, and a leading Democratic senator calling for tax increases on energy companies. Lost in the shuffle, John Kerry – the U.S. Special Presidential Envoy for Climate – was busy
Read More...If you’re scratching your chin over U.S. energy policy these days, you aren’t alone. The Biden administration has been sending mixed signals for months over how it will shape the future of domestic energy production and consumption. And nowhere has that been more obvious or confusing than in the administration’s rhetoric and actions on oil
Read More...Natural Gas – 100 Years Ago Today, June 10, 1922! Tom Shepstone Shepstone Management Company, Inc. …. …. Natural gas news from a hundred years ago offers great perspective for discussing one of the cleanest sources of energy available then and still today. I thought it might be fun and illuminating to look back 100
Read More...A new analysis by Rystad Energy projected oil production in the Permian Basin to grow by about 900,000 b.d in 2022 and 2023. The post Permian oil output to grow as world market shuns Russian Supply appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Oil and natural gas is contributing in a big way to help New Mexicans improve education and other public services for its residents. As ABC News recently reported: “Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year
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