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COMMENTARY: “What should government do to address climate change?” – Alex Epstein

“Addressing climate change” is the wrong target; we want to reduce climate danger—and that requires liberating, not eliminating, fossil fuel use. By Alex Epstein Q: What should government do to address climate change? A: “Addressing climate change” is the wrong target; we want to reduce climate danger. And the proven way to do that is: let us use …

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U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse

U.S. natural gas output fell about 7% over the past month as producers scaled back production following a collapse in prices to a 3-1/2-year low. Gas prices are down about 23% so far this year, after plunging 44% in 2023, as record production and weak demand from a mild winter left storage facilities at well …

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U.S. Seeks 3 Million Barrels of Oil for Emergency Reserve in September

The U.S. is seeking to buy about 3 million barrels of oil for the Strategic Petroleum Reserve for delivery in September, the Energy Department said on Wednesday, as it slowly replenishes the emergency stash after selling a record amount in 2022. President Joe Biden in 2022 ordered a sale of about 180 million barrels from …

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U.S. Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers

Nearly 50 Democrats in the U.S. Congress on Wednesday urged the Federal Trade Commission to probe oil and gas company deals and expand current investigations to protect consumers and industry competition. The industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves. Exxon Mobil Chevron Corp, …

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