Commentary The day after President Biden announced that the United States would ban imports of Russian oil and gas, a group of eleven powerful European investment funds that includes Amundi, Europe’s largest asset manager, outlined plans to force Credit Suisse, Switzerland’s second largest bank, to cut its lending to oil and gas companies. The juxtaposition of these two events…
Net-Zero and ESG Are Worsening the Energy Crisis—and Weakening the West
March 18, 2022
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Australia To Develop Offshore Oil, Gas Amid War-Induced Energy Crisis
Australia will soon begin approving offshore oil and gas exploration projects in a move that could help alleviate the global energy crisis stemming from the Russia-Ukraine conflict. The decision from governments and corporations to cut off imports of Russian oil has led to a spike in fuel prices worldwide—including Australia, where the price at the…
America’s Emerging Energy Crisis
March 4, 2022
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Commentary The warning signs are everywhere. We are stumbling toward an energy crisis that is likely to be far more severe and long-lasting than the upheavals of the 1970s. And no, this isn’t about Russia or Ukraine. This is about the perilous state of the U.S. electricity grid. If action isn’t taken soon to address the unraveling…
Biden’s Land Bureau Breaking Law on New Oil and Gas Lease Sales: Barrasso
February 17, 2022
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bidenBLMBOEMcongressCourt orderDavid Bernhardtenergy crisisEnvironmentExecutive BranchFeatured TopicsFederal-State RelationsGasgasoline pricesJoe ManchinJohn BarrassoJudiciaryMineral Leasing ActOiloil and gasOuter Continental Shelf Lands ActPolicies & ImpactsPoliticsScienceSierra ClubSpinTrumpUSUS Features
Sen. John Barrasso (R-Wyo.), ranking member of the Senate Energy and Natural Resources Committee, has condemned the Department of the Interior’s Bureau of Land Management (BLM) for its failure to publish a public notice of onshore oil and gas lease sales for this quarter. He said their continued inaction violates the federal Mineral Leasing Act…
UK Conservatives Urge PM to Lift Fracking Ban to Avoid Future Energy Crises
A group of senior Conservative lawmakers has called on Boris Johnson to reverse the government’s ban on fracking as the UK faces an acute energy crisis. In a joint letter to the prime minister, 30 Conservative politicians, including former Brexit minister David Frost and former culture secretary John Whittingdale, said it is “time to reverse…
Restricting Energy Production in Alaska Threatens the Environment and US National Security: Gov. Mike Dunleavy
Alaska Gov. Mike Dunleavy said the Biden administration’s energy policies are putting the United States at an economic disadvantage, threatening the environment and U.S. national security. “But really, when you get down to national security, nobody’s been able to tell me how relying on the Russians or the Saudis helped us with our national security….
Europe’s Self-Made Energy Crisis
Commentary The European energy crisis is poised to go from very bad to unimaginably worse. While all eyes are on Ukraine and Russia, Europe’s energy woes are largely self-made, not due to outside forces. Europe has made its own bed, disassembling dispatchable fuel diversity by closing well-operating coal and nuclear power plants. In doing so…
Russia-Ukraine Conflict Could Intensify Europe’s Energy Crisis
Global energy markets are monitoring the potential conflict at the Ukraine-Russia border as crude oil and natural gas prices are rallying Wednesday. Investors are observing possible supply disruptions in Russia and threats to the United Arab Emirates’ energy infrastructure following missile attacks by Yemen’s Houthi rebels. These developments have provided an immense appetite for bulls…
How a Growing Energy Crisis Hobbles China
Commentary How seriously does the arrival of “peak coal” in China impact its strategic viability? China’s coal reserves, the essence of its energy security, are now in decline. More than half of China’s energy is delivered by coal. Domestic oil production had already peaked in 2013. In 2020, China produced 3.9 million barrels a day of…
Oil Futures Rise After Release of Strategic Petroleum Reserve by the Biden Administration
Crude oil futures rose after the Biden administration announced the release of 50 million barrels of oil from the nation’s Strategic Oil Reserve on November 23, enough for approximately 3 days of demand. Oil stocks saw a broad rally today after an initial loss. West Texas Intermediate crude for January delivery (CL00, CLF22), the U.S. benchmark, jumped $1.75,…
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