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Oil Bosses Rip Biden Policies Even as U.S. Production Soars

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …

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U.S. Shale Drillers Seek to Power Oil Patch With Small Nuclear Reactors

Conventional Energy, Latest, Natural Gas, Nuclear, Oil, US News / By

Reactor company Oklo talking to drillers including Diamondback Nuclear power can reduce emissions from producing fossil fuels US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Diamondback, the largest independent producer headquartered in …

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Tesla Has Wall Street Worried About How Many Cars it Just Sold

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early …

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Biden Administration Approves Eighth U.S. Offshore Wind Project

Latest, Renewable Energy, US News, Wind / By

WASHINGTON, April 2 (Reuters) – The U.S. Interior Department on Tuesday approved the country’s eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to …

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Road Oil Demand to Peak by 2032 as EVs Become More Popular, Goldman Forecasts

Conventional Energy, Latest, Oil, US News / By

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040. The investment bank sees global road oil demand edging …

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U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag

Energy Topics & Technology, Hydrogen, Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …

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U.S. March LNG Exports Flat as Freeport Plant Woes Continue

Energy Topics & Technology, Exploration & Production, Latest, LNG, Pinned Primary, US News / By

U.S. exports of liquefied natural gas (LNG) fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country’s second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday. But the U.S. was the largest exporter of LNG last …

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U.S. Natgas Prices Jump 5% to 3-Week High on Higher Demand Forecasts

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures jumped about 5% to a three-week high on Monday on a continuing decline in output and forecasts for more demand next week than previously expected. That price increase occurred despite forecasts for less demand this week than previously expected, forecasts for mild weather through mid-April, ample amounts of gas in storage …

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COMMENTARY: What should the government do about carbon capture? – Alex Epstein

Latest, US News / By

Government should eliminate all special preferences and all special punishments for carbon capture. By Alex Epstein Q: What should the government do about carbon capture? A: Government should eliminate all special preferences and all special punishments for carbon capture. This will allow innovators to explore the field’s potential for profitability and scalability—at no taxpayer expense. Carbon …

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U.S. Oil refiners’ Weekly Capacity Seen Up 29,000 Bpd, IIR Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

U.S. oil refiners are expected to have about 1.1 million barrels per day (bpd) of capacity offline for the week ending April 5, increasing available refining capacity by 29,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 847,000 bpd in the week ending April 12, IIR added. The …

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