Commentary One of my early memories, and not a happy one, is sitting in gas lines in the 1970s. My parents would rustle me out of bed early on frigid February mornings, and we’d pack into the Ford and speed over to the gas station. When we got there, there would often be six or…
Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts
To reach ambitious emissions reductions goals, analysts say Canada will have to undergo a tumultuous transition fraught with economic and societal risks, and investment in the energy space can’t afford to dry up.
Proposed Bill Could Ban Offshore Drilling off California Coast
May 14, 2021
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American Coasts and Oceans Protection Actcoastdeepshore drillingmarinelifeMike Levinoil and gasoil spillsPlains All AmericanSouthern CaliforniaSouthern California CoastUSUS Regional News
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Prohibiting any new leasing for the exploration, development or production of oil or gas along the coast of Southern California is the subject of a new bill proposed by U.S. Rep. Mike Levin (D-CA). If passed, the American Coasts and Oceans Protection Act would prohibit offshore activities from San Diego to the northern border of…
Texas Lawmakers Advance Bills to Protect Oil and Gas From Climate Initiatives
Texas lawmakers this week advanced bills aimed at shielding the state’s oil and gas industry from climate initiatives pushed by the Biden administration. The Texas House on Tuesday approved Senate Bill 13, which requires the state’s comptroller to prepare, maintain and update a list of all companies that boycott energy companies. The state may then…
Biden Wants to Kill 80 Percent of America’s Energy
Commentary When giving speeches and talking to audiences, I’ve often been struck by how few Americans, even those who are highly educated, have any idea where the energy they use in their home or business comes from. I’ve asked college students where the electric power is generated, and they shrug and then point to the…
Biden Administration Pauses Federal Drilling Program in Climate Push
January 24, 2021
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Businessclimate changeEconomieseconomyglobal warminggreenhouse gas emissionsJoe Bidenoil and gasPolicyUS
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President Joe Biden’s administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry. The order appeared to be a first step in delivering on newly sworn-in Biden’s campaign pledge to…
OPEC Crude Output Cuts Should Help US Shale Profits in 2021
HOUSTON—A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels per day in…
A Historic Oil Price Collapse, With Worries Headed Into 2021
NEW YORK—This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015–2017, it masks a year of volatility. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel, slammed by the COVID-19 pandemic and…
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