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                        Georgia Attorney General Chris Carr has urged Congress to reject “burdensome legislation that would increase fees on energy producers and hit American consumers with even greater price hikes as heating bills surge this winter.” Carr announced the news in an emailed press release Friday. He said he and...
    After campaigning on reining in oil and gas companies and curbing climate change, President Joe Biden is scrambling to find ways to lower energy prices — and counting on help from the industry. The average per-gallon price of gasoline stands at $3.29 nationally, the highest level in seven years. Oil is also at its highest price in that time...
                      by Thomas Catenacci  The majority of oil and gas companies said that they don’t have plans to shift away from fossil fuels at any point in the future, according to an industry report released Tuesday. Oil and gas company executives said hydrocarbons would be their long-term business and that fossil...
    DALLAS (CBSDFW.COM) – Texas oil and gas mogul Christopher A. Faulkner has been sentenced to 15 years in federal prison for bilking investors out of millions of dollars and concealing money from the IRS. A frequent media commentator and self-proclaimed “frack master,” Faulkner, now 44, was arrested in June 2018 at the Los Angeles International Airport. READ MORE: 79-Year-Old Woman...
    The majority of oil and gas companies said that they don’t have plans to shift away from fossil fuels at any point in the future, according to an industry report released Tuesday. Oil and gas company executives said hydrocarbons would be their long-term business and that fossil fuel demand would remain at current levels for at least another decade, according...
    Woman pumps gas outside of Wawa storefrontSaul loeb Energy prices are surging, and the economy is already feeling the pinch of higher fuel costs though it is far from stalling out. There is an unusual coincidence of much higher oil, natural gas and coal prices, combined with other rising commodities and supply chain disruptions. That perfect storm of shortages and...
    New York (CNN Business)Americans are feeling pain at the pump -- and there's little the White House can do to shield them from it.The highest oil and gasoline prices since 2014 are casting a shadow over the economic recovery from the Covid recession. Energy sticker shock threatens to intensify the nation's biggest inflation scare in more than a dozen years....
    ROCKVILLE CENTRE, N.Y. (CBSNewYork) — Home heating oil and natural gas prices are steadily climbing, and experts are warning homeowners that big winter bills could soon be on the way, even doubling in some cases. So what’s a homeowner to do? CBS2’s Jennifer McLogan got some advice from an expert on Tuesday. READ MORE: NYC's Mental Health Clubhouses Proving To...
    (CNN)After a pipeline leak sent as much as 144,000 gallons of oil gushing into the ocean off the coast of California last week, energy experts pointed to another growing problem: America's offshore oil and gas infrastructure is aging, and becoming increasingly vulnerable to accidents, natural disasters and stronger hurricanes.While President Joe Biden is putting a focus on fixing US infrastructure...
    SANTA FE, N.M. (AP) — New Mexico’s Democratic governor is seeking legislation to help jump-start hydrogen production from natural gas in her state, a process that generates harmful greenhouse gases but could one day be harnessed to provide environmental benefits. Gov. Michelle Lujan Grisham outlined the effort briefly at a convention of oil executives Monday in a speech that acknowledged...
    California’s distaste for offshore drilling dates back to 1969, when a devastating oil spill off the coast of Santa Barbara shocked the public and galvanized the modern environmental movement. Thousands of birds, drenched in oil, struggled to take flight. Sea otters flailed in the water. Day after day, dead dolphins and other marine life washed in with the tide....
    A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021.Kathleen Flynn | Reuters Exxon Mobil has been lobbying against pieces of a sprawling Democratic budget bill aimed at boosting working class families and fighting climate change. The fossil fuel giant has spent $275,000 over the past week on Facebook ads that include spots targeting tax...
    U.S. stocks fell Tuesday, as rising bond yields and energy prices weighed on the market. The Dow Jones Industrial Average sank 650 points at the low of the day before recovering to a 569 point, or 1.6 percent, decline. The S&P 500 tumbled two percent. The Nasdaq Composite plunged 2.8 percent. The small-cap Russell 2000 index fell 2.2 percent. Ten...
    Sheep on a road in view of mobile offshore drilling units in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020.Jason Alden | Bloomberg | Getty Images LONDON — Costa Rica and Demark are spearheading efforts to build the world's first diplomatic alliance to manage the decline of oil and gas production. The co-leaders of the...
    Los Angeles County supervisors voted unanimously Wednesday to phase out oil and gas drilling and ban new drill sites in the unincorporated areas of the nation’s most populous county. Over 1,600 active and idle oil and gas wells in the county could be shuttered after the 5-0 vote by the board of supervisors. A timetable for the phaseout will be...
    Daniel Welsby, UCL; James Price, UCL, and Steve Pye, UCL Global mean surface temperatures reached 1.2°C above the pre-industrial average in 2020, and the Intergovernmental Panel on Climate Change warned in its recent report that Earth could hit 1.5°C in as little as a decade. The 0.3°C separating these two temperatures make a world of difference. Scientists...
    House Democrats are poised to deliver on President Joe Biden’s calls to reform drilling for oil and gas on public land and waters by raising costs on producers and imposing stricter regulatory requirements. Democrats on the Natural Resources Committee, which oversees energy production on federal lands, voted 24-13 late Thursday to pass their portion of the party’s $3.5 trillion reconciliation...
    Environmental and gulf groups filed a lawsuit against the Biden administration’s decision to offer 80 million acres of the Gulf of Mexico for oil and gas leasing. EarthJustice filed a lawsuit on behalf of Healthy Gulf, Sierra Club, Friends of the Earth, and Center for Biological Diversity. Brettny Hardy, Earthjustice attorney, said, “This lease sale is deeply disappointing. The...
    Bitcoin enthusiasts, miners, and oil & gas execs gathered at a meetup in Houston to talk about the future of bitcoin mining. HOUSTON – On a residential back street of Houston, in a 150,000 square-foot warehouse safeguarding high-end vintage cars, 200 oil and gas execs and bitcoin miners mingled, drank beer, and talked shop on a recent Wednesday night in...
    PITTSBURGH (KDKA) – The combination of the holiday weekend and the aftermath of Hurricane Ida is creating the potential for a surprise at the gas pump. The Labor Day Weekend brings the summer driving season to a close so demand is still high. READ MORE: Keeping Kids Safe As They Return To The Classroom Amid The Emerging Delta Variant...
    The oil and gas industry infrastructure in the Gulf of Mexico suffered extensive damage from Hurricane Ida, which made landfall Sunday as a Category 4 storm. It could take weeks to assess the damage, with repairs delayed by the loss of power after “catastrophic” damage  was done to Louisiana’s power grid, utilities officials said. An aerial view of flood waters...
    The Biden administration is taking steps beginning this week toward restarting oil and gas leasing on federal lands and waters as it complies with a ruling by a federal judge that found its pause on new auctions to be illegal. CHINA FACES BIG RISKS IF IT WANTS TO ACCESS AFGHANISTAN'S MINERAL WEALTH In a filing on Tuesday to a...
                      by Casey Harper  A federal judge has ruled the Biden administration must resume allowing oil and gas leasing on federal land and waters, but the administration is saying it will not go down without a fight. The Biden administration said it will appeal a court ruling allowing the leases, the...
    Recent research indicates that the fossil fuel industry is responsible for far more methane than previously believed.  Experts say slashing methane emissions is essential to staving off the worst effects of global warming, with the United Nations calling it "the strongest lever we have to slow climate change." Yet a new analysis of satellite data shows that fossil fuel companies...
    The Biden administration is appealing a ruling from a Louisiana-based federal judge blocking its indefinite pause on oil and natural gas leasing in federal lands and waters. The Department of Justice is appealing the decision to the United States Court of Appeals for the Fifth Circuit, the Interior Department said in a statement Monday. The agency also said that, during...
    The American Petroleum Institute is leading a lawsuit filed Monday challenging the Biden administration’s indefinite pause on oil and natural gas leasing in federal lands and waters. API and 11 other oil industry trade groups argue the Interior Department failed to satisfy procedural requirements and ignored congressional mandates for holding lease sales. BIDEN SCRAMBLING ON GAS PRICES DESPITE CLIMATE AGENDA...
    Natural gas companies are facing growing pressure from investors and customers to demonstrate their fuel is cleaner than competitors as the industry looks to overcome doubts that it can continue to play a role in addressing climate change. But the industry has long struggled to collect and provide accurate data to prove claims of clean gas. A new range of...
    The Biden administration is sounding the alarm about fast-rising energy prices and demanding that Saudi Arabia and OPEC produce more oil - after the president paused all federal oil and gas leases.  Prices at the pump are on average about $1.00 higher, 42%, than they were one year ago.  'Higher gasoline costs, if left unchecked, risk harming the ongoing global...
    Progressive activists cheered President Joe Biden’s January 2021 executive order halting new oil and gas leases on federal property. Their elation was short-lived, however, when a U.S. District Court judge squashed the move with a temporary injunction, calling the order “arbitrary and capricious.” Now, six weeks after the ruling, there is no sign the Biden administration has resumed selling oil and gas...
    A federal appeals court has dealt a blow to proponents of dozens of environmental lawsuits aimed at oil and gas companies that have operated in Louisiana. The state and six coastal parishes have filed 42 lawsuits against 200 fossil fuel companies since 2013 over coastal erosion and wetland loss, with some allegations dating back as far as World War II....
    BALTIMORE (WJZ) —  Gas prices at Maryland pumps have fluctuated last week as demand increases and crude oil prices drop, AAA Mid-Atlantic said in a statement. The average gas price is $3.07, which is down two cents from last week, but up seven cents from last month and more than 80 cents this time last year. READ MORE: Orioles Legend...
    By Gram Slattery and Marta Nogueira RIO DE JANEIRO, Aug 4 (.) – Brazil’s Petrobras beat second-quarter earnings estimates on Wednesday, as higher Brent crude prices, strong natural gas sales and relatively controlled spending boosted the company’s results. company. In a presentation to the regulator, Petróleo Brasileiro SA, as the company is formally known, reported quarterly earnings of 42,855 million...
    JUNEAU, Alaska (AP) — The Bureau of Land Management is moving ahead with a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge after the Interior secretary said she found “multiple legal deficiencies” in a prior review that provided a basis for the first lease sale on the refuge’s coastal plain earlier this year. The...
    BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020.BEN STANSALL | AFP | Getty Images LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy back $1.4 billion of its...
    An estimated 2 million abandoned oil and gas wells across the country, forgotten or ignored by the energy companies that drilled them, are believed to be leaking toxic chemicals. Many of the wells are releasing methane, a greenhouse gas containing about 86 times the climate-warming power of carbon dioxide over two decades. Some are leaking chemicals such as benzene, a...
    CRANE, Texas (AP) — Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. The corroded skeletons are all that remain of hundreds of abandoned oil wells that were drilled long before her family owned the land. The wells, unable to produce any useful amounts of oil or gas, were plugged with cement decades...
    A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case.SOPA Images | LightRocket | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported stronger-than-expected second-quarter...
    In this episode of Intelligence Matters, host Michael Morell speaks with Frank Verrastro, senior adviser on energy issues at the Center for Strategic and International Studies. Verrastro offers insights into how shifts in energy supplies and consumption affect national security, and how the trend toward decarbonization may affect dynamics and diplomacy among key global powers. Verrastro and Morell discuss ongoing...
    On Friday’s broadcast of the Fox Business Network’s “Varney & Co.,” North Dakota Gov. Doug Burgum (R) discussed his state’s lawsuit against the Biden administration’s halt on oil and gas leases on public lands and said the suspension of the leases has already cost state, county, and local governments over $100 million in lost revenue, and “going forward, the cost could...
    North Dakota has filed a lawsuit against the Biden administration for $80 million after federal agencies 'unlawfully canceled oil and gas leasing' auctions in the state. The state's Attorney General Wayne Stenehjem filed the suit in U.S. District Court for the District of North Dakota Western Division. It named as defendants: Interior Secretary Debra Haaland and Bureau of Land Management Director...
    North Dakota filed a lawsuit this Wednesday against the Biden administration over its suspension of new oil and gas leases on federal land and water, claiming it will lose the state more than $4 billion in revenue and keep more than half a billion barrels of oil in the ground.  President Joe Biden ordered the suspension in his first days...
    North Dakota is suing the Biden administration for blocking oil and gas production by canceling lease sales, taking another shot at one of President Joe Biden’s central day-one climate policies to pause oil and gas leasing on federal lands. The leasing pause has caused headaches for the Biden administration. Last month, a federal judge blocked the policy, siding with 13...
    A huge explosion has ripped through an oil and gas field off the coast of Azerbaijan amid fears a rig or tanker has been destroyed.   The blast is said to have occurred at the Umid gas field in the Caspian sea, according to local media reports.  Video footage, which was taken from a nearby oil platform, shows the huge explosion...
    The Biden administration’s climate agenda prioritizes regulations on the oil and gas industry, with Congress voting to restore methane emissions restrictions Friday. “The added expense of compliance with regulations can greatly impact the economic viability of oil and natural gas wells, and even the survival of many small businesses,” Ed Longanecker, president of the Texas Independent Producers & Royalty...
    New York (CNN Business)American drivers need OPEC and Russia to come to the rescue.Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of gas due to a shortage of truck drivers.Demand...
    Drilling for oil and gas has a long history in the U.S., dating all the way back to 1859 when the first successful commercial oil well — the Drake Well — was drilled in northwestern Pennsylvania. This long history has made the state ground zero for abandoned wells, which often leak dangerous pollution into the environment and potent greenhouse gases like methane...
    After the U.S.-Russia summit, it seems the Biden administration is not only tone deaf to the plight of the American energy worker but views these men and women as both inconvenient and expendable on the international stage. Today, Russia’s energy workers are gearing up to turn on the Nord Stream 2 pipeline with the Biden administration’s consent, while America’s energy...
    Wyoming Gov. Mark Gordon expressed his content on Wednesday after a federal judge blocked the Biden administration’s moratorium on new federal oil and gas leases. A U.S District judge based out of Louisiana granted a preliminary injunction in the case on Tuesday, ultimately restraining the U.S. Department of Interior from continuing to implement the pause on new oil and...
                        Judge Terry Doughty of the U.S. District Court for the Western District of Louisiana on Tuesday issued a nationwide preliminary injunction against U.S. President Joe Biden’s ban on oil and gas leases on federal lands. Georgia Attorney General Chris Carr joined 12 other state attorneys general in filing suit to block...
    Louisiana Attorney General Jeff Landry told Breitbart News that a federal judge’s decision on Tuesday reversing President Joe Biden’s pause on leasing public lands and waters for oil and gas operations is “great news for America.” “I think it’s great news for America,” Landry said. “Because what it shows is that this president absolutely continues to step outside of his...