BRISBANE—The world should face the reality that it may have got it wrong on climate change, says former Australian Prime Minister John Howard. Howard, who served as the Australian leader from 1996 to 2007, made the comments while appealing to the centre-right Liberal Party not to abandon its position on critical issues, warning that conservatives had…
World Should Face ‘Reality’ on Climate Change, Says Former Australian PM
March 30, 2023
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Capitol Report: Biden Says He Will Sign Bill to End COVID Emergency; Bipartisan Energy Bill Makes Way Through House
President Joe Biden is not planning to veto a GOP-led bill to end the COVID emergency. What does the White House say as some Democrats voice frustration over the reversal? Nine soldiers were killed in a helicopter accident in Kentucky Wednesday night. A bipartisan effort passed a key bill on American energy production. House Speaker…
House GOP Leaders Hope Senate, Biden Will Adopt Energy Bill
House Speaker Kevin McCarthy (R-Calif.) believes the sweeping energy bill passed by the House has a chance of becoming law despite the statement that it will be “dead on arrival” in the Senate by Majority Leader Chuck Schumer (D-N.Y.) and indications from the White House that President Joe Biden would veto the measure. The Lower…
Danes Say Object Beside Nord Stream Pipeline a Harmless Buoy
COPENHAGEN, Denmark—A mysterious object found at the bottom of the Baltic Sea, which Danish authorities had hoped could provide clues to the bombings that incapacitated the Nord Stream pipelines, has turned out to be a harmless smoke signal canister. The Danish Energy Agency said Wednesday that the cylindrical object found on the seabed by the…
US Not Ready to ‘Go Green,’ China Would Be Main Beneficiary: Expert
March 30, 2023
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The United States is not ready to go for green policies, and the push for it will mainly benefit China, according to Kelly Sloan, senior fellow in energy and environment at Centennial Institute, the Colorado Christian University’s think tank. Sloan said that legislators’ push for green energies to try and encourage the market to go to…
House Passes Sweeping Energy Bill; Schumer Says ‘Dead-on-Arrival’ in Senate
March 30, 2023
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The House of Representatives passes a bill, 225–204, on March 30 that seeks to lower energy costs for Americans. Four Democrats voted in favor of the measure. The bill, introduced by House Majority Leader Steve Scalise (R-La.), would, among other things, increase American energy production, reduce regulatory burdens, repeal the natural gas tax, increase the…
Trump-Era Trends Could Have Yielded 850 Million More Barrels Under Biden: Expert
March 30, 2023
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…
Trump-Era Oil Trends Could Have Produced 850 Million More Barrels Under Biden: Expert
March 30, 2023
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Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…
China Ditches US Dollars in New Brazil Agreement, Settles First LNG Trade in Yuan
March 30, 2023
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China settled its first purchase of liquefied natural gas (LNG) in the yuan as the world’s second-largest economy continues to accelerate the currency’s presence in the international market. China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil and gas producer, acquired an LNG shipment from France’s TotalEnergies through the Shanghai Petroleum and Natural…
Oil Rises on US Crude Draw, Iraqi Supply Risks
March 30, 2023
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LONDON—Oil prices rose on Thursday on a surprise drop in U.S. crude stockpiles and a halt in exports from Iraq’s Kurdistan region. Brent crude futures rose 40 cents, or 0.51 percent, to $78.68 a barrel at 0926 GMT, while West Texas Intermediate crude rose 52 cents, or 0.71 percent, to $73.49 a barrel. U.S. crude…
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