Will the Supreme Court Restrict the Scope of the Clean Water Act?
. With so many crises going on in the world right now — Hurricane Ian, suspected sabotage of the Nord Stream pipeline, the war in Ukraine — it can be Continue Reading
Strong New-Car Demand Collides With Rising Interest Rates
A dealership lot in Miami Lakes, Fla., for used-car retailer CarMax, which says high prices, inflation and rising interest rates are slowing demand. Auto executives for months have expressed confidence Continue Reading
American Energy Bills Are Set To Soar This Winter
The global energy crisis may finally be coming to America. As Europe scrambles to secure LNG supplies, American companies are racing to lend a hand. With more American LNG flowing Continue Reading
U.S. consumers spurn cars, couches and cruises, results show
Brandon Parrum, general manager of CarMax’s Des Moines store, shows off one of the many vehicles that customers can arrange to buy online and collect at the store using “contactless” Continue Reading
Hurricane Ian Will Cost US Insurers $63 Billion, Risk Modeler Says
A boat storage facility damaged following Hurricane Ian in Venice, Florida. Hurricane Ian will cause $63 billion in losses covered by private US insurers, according to an estimate from a Continue Reading
Americas Are Consuming More Oil, Even If They’re Not Driving Much
Oil demand in the US soared during the summer, even as higher pump prices forced many Americans to cut back on driving. Overall petroleum supplied, a proxy for demand, posted Continue Reading
Hurricane Ian Hit Florida at Key Time for Vegetable, Fruit Planting
A flooded house following Hurricane Ian in Fort Myers, Florida. Photographer: Eva Marie Uzcategui/Bloomberg Hurricane Ian will continue to wreak damage on Florida’s crops even as it moves to other Continue Reading
Drought in U.S. West Leads Farmers to Look Elsewhere for Revenue
Trying to stay afloat during years of drought conditions , New Mexico farmer Nathan Jurva has rented out RV hookups on his land, sold some of his water to oil-and-gas Continue Reading
Florida’s Logistical Disruptions Could Last For Weeks Following Hurricane Ian
Florida is beginning to assess the damage caused by Hurricane Ian. The storm left millions of Floridians without power, and sparked fuel shortages across the state. FedEx, UPS, U.S. Postal Continue Reading
Exxon Tells U.S. Administration Fuel Export Curbs Will Raise Gasoline Prices
The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices Continue Reading
Hurricane Ian May Sideline South Carolina Oyster Supplies for Weeks
Biden: It Will Take Years to Rebuild Florida After Hurricane Ian South Carolina’s oyster suppliers may face weeks of delays in harvesting due to disruptions caused by Hurricane Ian . Continue Reading
Parts of Florida May Not Have Power for a Month After Ian
Some Florida residents in areas hardest hit by Hurricane Ian face the prospect of being without power for more than a month. Lee County Electric Cooperative , a local utility Continue Reading
Biden Officials Float Fuel Export Limit in Meeting With Refiners
Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the Continue Reading
Stocks Finish a Losing Week, Month and Quarter
U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Major indexes have sustained deep losses this year Continue Reading
Global demand drives plans for liquefaction, export of US gas from Mexico
Highlights Several projects being considered Supply access, infrastructure are challenges LNG liquefaction developers see a role for Mexico in supplying global markets with LNG derived from US natural gas imported Continue Reading
Ian Disrupts Supply Chains From Sea to Land as It Regains Force
Hurricane Ian: DeSantis Says This a 500 Year Flood Event Major ports and rail facilities across the US Southeast have halted operations as one of the strongest hurricanes to ever Continue Reading
US gas supporting long, challenging climb of Atlantic Coast LNG developments
Chesapeake monitoring LNG projects in mid-Atlantic US LNG exports forecast at 22 Bcf/d by 2027 US natural gas producers are keeping a close watch over efforts to launch new LNG Continue Reading
France’s TotalEnergies plans to spin off Canadian oil sands assets | Reuters
TotalEnergies (TTEF.PA) said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the assets do not fit Continue Reading
Supply Chain Shortage Stalls Delivery Of 45,000 Ford Vehicles
Supply chain issues are plaguing the auto industry. Ford is in the midst of a parts shortage that has impacted 40,000-45,000 vehicles. Models affected are primarily “high margin trucks and Continue Reading
US gasoline stocks tighten amid stronger demand, weak refinery runs
Highlights Gasoline stocks draw 2.42 million barrels Demand jumps 6% on week Refinery utilization drops 3 points amid unplanned outages A steep decline in refinery utilization and rising demand contributed Continue Reading
12 Gulf of Mexico Platforms Evacuated as Ian Rages On
The Bureau of Safety and Environmental Enforcement (BSEE) revealed Tuesday that it has activated its hurricane response team and that it is monitoring offshore oil and gas operators in the Continue Reading
U.S. core capital goods orders surge; consumer confidence rises further
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
Florida’s Chaotic Insurance Market Braces for Hurricane Ian
Hurricane Ian Could Cause Billions in Damage in Florida Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Continue Reading
US Oil-Output Growth to Top Government Forecast, BNEF Says
Pump Jacks extract crude oil in Midland, Texas. Photographer: Angus Mordant/Bloomberg The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF Continue Reading
Gasoline Prices Could Return To $5 Per Gallon
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
Dollar marches to new 20-year high, sterling under pressure
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
Wall Street ends lower, Dow confirms bear market
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could Continue Reading
U.S. Fuel Exports Broke Records In The First Half Of 2022
U.S. exports of petroleum products jumped by 11% to a record 6 million barrels per day (bpd) in the first half of 2022, with exports growing at their fastest pace Continue Reading
Fires, outages and storms boost US refining margins
US refining margins ticked up across the nation following a spate of unplanned refining fiascos, the beginning of seasonal turnarounds, and a pick-up in Atlantic Basin storm activity which could Continue Reading
Ballard to supply Stadler with fuel cell systems to power first hydrogen train in US
Stadler Rail AG, a leading manufacturer of rolling stock, has ordered six 100 kW FCmove-HD+ fuel cell engines from Ballard Power Systems to power the first hydrogen train in the Continue Reading
The U.S. Wind Industry Is Racking Up Big Wins
The U.S. wind energy market is set for explosive growth, with the Biden Administration aiming to rival European and Asian markets for the renewable energy source. The Biden Administration is Continue Reading
Factory Jobs Are Booming Like It’s the 1970s
Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the Continue Reading
APPEC U.S. official rules out secondary sanctions for Russian oil price cap
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
U.S. Warns Russia of ‘Catastrophic Consequences’ if It Uses Nuclear Weapons
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
Pump Prices in US Soar as Supply Cracks Outweigh Weak Demand
A driver holds a fuel nozzle at a gas station in Sacramento, California. Photographer: David Paul Morris/Bloomberg The US is running low on gasoline on the West Coast and in Continue Reading
Storm forming in Caribbean is forecast to hit Florida as hurricane – The Washington Post
Confidence is increasing that a tropical storm developing in the Caribbean will intensify into a hurricane by Monday and strike Florida around Wednesday. The National Hurricane Center declared that the Continue Reading
How Big A Problem Is America’s Shrinking Oil Reserve?
The Strategic Petroleum Reserve, which was established in 1975 as a reaction to the 1973 oil embargo, is now at its lowest level since December 1984. Ultimately, the SPR is Continue Reading
Biden administration unveils roadmap to clean up emissions from air travel
Highlights Plan supports 2030, 2050 SAF production goals Output of 60 billion gal/year of advanced biofuels seen possible Aviation industry shows support for new roadmap The departments of Energy, Transportation Continue Reading
USA Could See Strong Hurricane Enter Gulf of Mexico by Mid-Week
Forecasters indicate the U.S. could see a strong hurricane enter the Gulf of Mexico by mid-week. (The views and opinions expressed in this article are those of the attributed sources Continue Reading
Powerful storm Fiona hits Nova Scotia
Powerful storm Fiona slammed into eastern Canada on Saturday with hurricane-force winds, nearly a week after devastating parts of the Caribbean. The U.S. National Hurricane Center said the center of Continue Reading
U.S. Is Not Considering Curb On Oil Product Exports: Granholm
The United States is not currently considering a ban or restrictions on oil products exports, U.S. Energy Secretary Jennifer Granholm said on Friday. With WTI falling below $80 per barrel Continue Reading
Almost 1 Million Puerto Ricans Still Without Power After Hurricane Fiona
Five days after Hurricane Fiona made landfall in Puerto Rico, some 970,000 households and businesses remain without electricity — nearly two-thirds of subscribers — while more than 437,000 people don’t Continue Reading
How Texas’ abortion ban hurts Big Oil’s effort to transform its workforce
Hayley Hollands, an attorney, and her husband Steve Beaman, an oil worker, who As Texas officials moved to restrict abortion, promote Christianity in schools and the state’s power grid teetered Continue Reading
California Moves to Ban Natural Gas Furnaces and Heaters by 2030 – Bloomberg
California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters in homes, a move environmentalists are betting will Continue Reading
The Next Step on Climate Action: Parking Reform
California is finally poised to lift parking requirements across the state. Here’s why that would be a huge win for the climate. Los Angeles, home of ample parking. Photo by Continue Reading
US Ratifies Kigali Climate Treaty to Slash Super-Pollutants
The US Senate voted Wednesday to join more than 130 nations in pledging to phase out the use of super-polluting greenhouse gases found in refrigerators and air conditioners, a step Continue Reading
California relied heavily on natural gas during Sept heat wave -EIA
During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand, the U.S. Energy Continue Reading
Failing To Invest In Oil And Gas Would Be The “Road To Hell For America”
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive Continue Reading
Geopolitical risk, inflation create uncertainty for US LNG developers
Geopolitical risk, inflation and banks’ focus on environmental criteria are creating headwinds to developing more natural gas liquefaction capacity at LNG terminals in the US, although commercial support for new Continue Reading
The Big Boost From Falling Gasoline Prices May Be Coming to an End
The price of gasoline is highly salient in both politics and the economy. Generally when the price of gasoline goes down, the public’s mood starts to improve. That sense of Continue Reading