Discover how presidential policies impact U.S. oil drilling by analyzing rig count data across the last four administrations.
Learn how oil prices, technological advancements, and global demand influence drilling activity more than political affiliation.
Understand why record oil production in recent years doesn't always align with high rig...
Misleading Reports: Claims that the Biden Administration has fully replenished the Strategic Petroleum Reserve (SPR) are inaccurate.
Current SPR Levels: Despite some purchases, the SPR remains significantly below pre-2022 levels.
Understanding the Confusion: A misinterpretation of DOE statements has led to widespread misinformation.
On July 29, multiple news outlets...
Defining Energy Independence: Exploring the differences between zero imports and energy surplus.
Consistent Energy Surplus: How U.S. energy independence has grown under both Trump and Biden administrations.
Global Energy Interdependence: Why zero imports are impractical in today's globalized energy markets.
The idea of U.S. energy independence remains a hot...
Renewed focus on fossil fuel investments under Trump’s administration
Potential cuts to federal climate funding and clean energy tax credits
Changes anticipated for oil and gas, LNG exports, and renewable sectors
The energy sector surged the day after Donald Trump’s 2024 presidential victory, with the Energy Select Sector SPDR...
U.S. solidifies position as top natural gas producer and LNG exporter in 2024.
European natural gas demand and production decline, with significant drops in Russian imports.
Asia Pacific region, led by China and India, drives global LNG demand growth.
In June, the Energy Institute released the 2024 Statistical Review...
Robert Howarth's study claims LNG has a 33% larger emissions footprint than coal over 20 years, but its assumptions are controversial.
The debate centers around methane’s short-term potency vs. its lower concentration and quicker breakdown compared to CO2.
Industry experts argue that Howarth's conclusions are based on worst-case...
Record Oil Production: U.S. oil output hits a new high, leading globally.
Global Consumption Peaks: Worldwide oil consumption exceeds 100 million barrels per day.
Geopolitical Shifts: Sanctions impact Russia, while Saudi Arabia cuts production.
In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review...
U.S. shale gas production shows a first-time decline, raising questions about future output stability.
Decreased profitability from low gas prices has led to a significant drop in active rigs, impacting shale plays.
The Energy Information Administration (EIA) forecasts modest rebound potential for U.S. natural gas in 2025.
The Shale...
Article reposted with permission from Forbes contributor. Original article can be found here.
In mid-December, I wrote here that the U.S. had set a new annual oil production record:
“The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly...
Phillips 66 will close its Los Angeles-area refinery in 2025, affecting 600 employees and reducing California's gasoline production by 8%.
Chevron announced its relocation to Texas due to California's strict regulations and climate policies, citing economic harm.
California's environmental regulations, including unique fuel standards and cap-and-trade programs, have...
