The state of California issued a new report that acknowledges potential margin regulations on retail gas dealers may make gas price spikes even more painful for consumers. The report, released last week by California Energy Commission (CEC) staff, assessed the feasibility of a variety of proposals to rein in gas prices under the state’s gas
California Governor Gavin Newsom’s campaign to blame oil companies for alleged gas price gouging is falling flat with voters, according to a recent poll. The survey, conducted in June on behalf of a firm active in California’s carbon credit marketplace, shows Californians overwhelmingly blame the state’s gas tax and uniquely burdensome regulatory requirements for high
With President Biden upending the Presidential race by formally withdrawing and endorsing Vice President Kamala Harris, the future of energy policy could also see some significant changes under a future Harris administration. In many ways, Harris will be associated with many of the current president’s key initiatives, representing the White House as part of the
Continued investment in oil and natural gas is critical while carbon capture and removal technologies will play a key role in meeting decarbonization targets, according to oil and natural gas supermajor bp in its 2024 Energy Outlook. BP’s energy outlook assesses two scenarios: current trajectory and net zero. The current trajectory scenario is meant
On July 5, the U.K.’s Labour Party secured a landslide victory in the General Election, winning 412 seats out of 650, and marking a significant shift in the U.K.’s political landscape. Following the election, the U.K. oil and gas industry continues to voice concerns over Labour’s pledges to extend the windfall tax and end new
Environmental activists are leading the charge in calling for President Biden’s ouster following his widely-panned debate performance. The group Climate Defiance is planning a “protest and blockade” outside the Democrat National Committee on Friday to protest Biden’s nomination and rumors of a potential virtual rollcall to hasten Biden’s nomination, E&E News reports. Climate Defiance, a
This June the Colorado Oil & Gas Association released its updated 2023 Community Impact Report, showcasing the industry’s ongoing commitment to supporting Colorado communities and the sector’s continued advances in environmental innovation. This year’s report again shows Colorado energy producers and their employees remain committed to driving down emissions and giving back to strengthen communities
American energy continues to dominate as U.S. oil and natural gas are credited with playing a key role in meeting domestic and global energy demands in 2023. The Energy Institute’s (EI) 2024 Statistical Review of World Energy provides numerical insights into global energy production, consumption, trade, and emissions from 2023, and highlights the United States’
The second quarter of 2024 saw slight shifts in oil and natural gas activity, but major changes are looming on the horizon, according to new data from the Dallas Federal Reserve Energy Survey. According to the latest quarterly survey of oil and natural gas operators in the Permian basin, oil and natural gas production was
Department of Energy Deputy Secretary David Turk defended his administration’s LNG pause while repeatedly dancing his way around questions on when it would end at Wednesday’s House Science, Space, and Technology hearing on the DOE Fiscal Year 2025 budget proposal. In response to questions on the timeline, Dep. Sec. Turk repeatedly answered: “What we are
Last year, American companies flared and vented the lowest volume of natural gas in almost two decades. The U.S. Energy Information Administration preliminary estimate for 2023 reports volumes of vented or flared gas declined to .5 percent of gross withdrawals, demonstrating how industry best practices have worked to keep natural gas in the pipes and
New Yorkers may be in for a new energy tax if Governor Kathy Hochul enacts climate Superfund legislation that attempts to stick energy companies with billions in new fees for alleged climate adaptation costs. The Superfund bill in New York comes as Vermont recently enacted a similar law, while states like Maryland and California discarded
A D.C.-based, Rockefeller-funded, anti-energy organization that recruits municipal and state plaintiffs is increasing pressure on Wisconsin to join the climate litigation campaign. The Center for Climate Integrity published a report this week on the estimated costs of climate change adaptation in Wisconsin, where activists and billionaire donors have worked overtime to push the state’s attorney
The federal government owns roughly 640 million acres, or 28 percent of the United States. More than 90 percent of those lands are located in the 11 contiguous western states and Alaska. Senators from Western States across the country recently voiced concerns over the abuse of that land during a Senate Committee on Energy and
Recent polling proves President Biden’s pause on liquified natural gas (LNG) export approvals remains unsupported. The American Petroleum Institute (API) released polling showing 89 percent of Americans, including Republicans, Democrats, and Independents, believe the United States should continue to supply natural gas to our European allies and other countries. On the results of the poll,