If approved by the Senate, Trump’s pick for Energy Secretary, Liberty Energy CEO Chris Wright, will be the first time the Department of Energy has had an executive in the energy industry lead it. In a statement on X, Wright said he’s “honored and grateful” for the opportunity.
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China is exploiting the climate agenda to make the United States dependent on the communist country and more vulnerable to it, according to a year-long research project by the Heritage Foundation.
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Several asset managers leveraged two major Texas university systems’ endowment funds to advance anti-fossil fuel shareholder proposals in 2022 and 2023, according to a report from the conservative watchdog group American Accountability Foundation (AAF).
BlackRock-owned Aperio Group, Cantillon, former Vice President Al Gore-chaired Generation Investment Management, GQG Partners and JP Morgan Asset Management collectively manage approximately $4 billion for The University of Texas/Texas A&M Investment Management Company (UTIMCO) as of July, which handles the university systems’ endowments.
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Former Trump adviser Peter Navarro said he is on a crusade against Democratic presidential nominee Kamala Harris while praising former President Donald Trump’s policies from four years ago.
“I’m on a crusade here…a mission,” Navarro said on a “Just the News, No Noise” special with Association of Mature American Citizens (AMAC). “I do not want anybody to ever call Kamala Harris by only her first name again. She is not a soccer star. It’s a term of somewhat endearment when it should be one of ridicule.”
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Reports in the legacy media regularly claim that we are rapidly eliminating fossil fuels, and the energy transition is steamrolling its way to success. Data, however, appears to show a different picture.
According to the Energy Policy Research Foundation, fossil fuels remain critical to keeping the lights on. In 2023, coal, natural gas and oil-fired power plants produced 18 terawatt hours of electricity, which was 60% of the total. This was a decline of 62% in 1993.
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The U.S. Bureau of Land Management’s updated Resource Management Plan for North Dakota could cost the state $34 million a year for the next 30 years, North Dakota officials said in a protest filed with the agency.
The plan announced in August bans oil and gas leased on 4 million acres, which is about 99% of federal lands in the state, according to Gov. Doug Burgum. Forty-four percent of federally-owned fluid mineral acreage would also not be available for leasing.
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The Biden administration proposed to open up tens of millions of acres of public lands to solar development on Thursday after cementing restrictions on oil and gas activity across large swaths of Alaska.
The Bureau of Land Management (BLM) rolled out its proposed “Western Solar Plan,” which would put approximately 31 million acres across 11 western states on the table for possible solar development. The agency’s solar plan comes on the heels of its Tuesday announcement that it had finalized protections for 28 million acres of public land in Alaska that will effectively prohibit oil and gas activity on that acreage.
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Offshore drilling has been a cornerstone of global energy production since the 1800s, fueling the American way of life and powering the global economy. From the early days of “on-water-drilling” to the advancement of the fixed platform units of today, offshore drilling has consistently contributed around 30 percent of global oil production. In the U.S., supply on federal offshore lands in the Gulf of Mexico alone accounts for approximately 15 percent of total crude oil production.
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Dozens of energy policy and advocacy groups signed a Monday letter to Congress to express their opposition to a bill they say could be the first step toward carbon taxes or tariffs.
The letter urges House lawmakers to vote against the PROVE IT Act, a bill that has not yet been introduced in the lower chamber but is expected to be soon. The PROVE IT Act — which has already been introduced in the Senate — would have the Department of Energy (DOE) study the carbon intensity of goods, including aluminum, steel, plastic and crude oil, produced in the U.S. and the carbon intensity of products from other countries, according to E&E News.
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Domestic oil production in the U.S. reached a new record in November of 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration.
The previous record was 13.25 million barrels per day. That was set in September 2023.
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