Tag: oil and gas

Commentary: Trump’s Win Is a Victory for American Prosperity and Practical Energy Solutions

RealClearWire
Oil Rig

Donald Trump’s win is a big victory for the American energy industry and for all Americans. The climate crazed don’t want to recognize the fact that more than 80% of the world’s energy comes from fossil fuels – coal, oil, and natural gas. They don’t want to admit that the use of all three are at record highs and are continuing to grow. Or that a thriving economy needs reliable, affordable, and abundant energy. Because the cost of energy is built into everything that we do, consume or use, even watching Netflix.

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Investment Giants Leveraged Texas Universities’ Endowment Funds to Back Anti-Oil Agenda, Report Finds

Daily Caller News Foundation
UT Austin

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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Federal Government Could Slash Oil Lease Opportunities in a Top Producing State

The Center Square
Oil Rig

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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U.S. and World Leaders Express ‘Serious Concerns’ About Venezuelan Election Results as Both Sides Declare Victory

ADN America

Both Venezuela’s opposition coalition and communist dictator Nicolás Maduro declared victory in Sunday’s presidential election, setting the stage for a potential showdown in the South American country, according to widespread news reports.

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Taxpayers May Get Stuck with Cost of Removing an Offshore Wind Farm After Biden Admin Waives Fees

Just the News
Off Shore Wind Mills

The Biden administration reportedly waived fees for an offshore wind project that are in place to ensure that the infrastructure is removed and the site reclaimed at the end of the project’s life.

President Joe Biden, as part of his climate agenda, is pushing an aggressive buildout of offshore wind projects along the East Coast. With the offshore wind industry struggling financially, the waiving of these fees raises concerns about what would happen if these companies go bankrupt and leave behind wind farms they can’t afford to remove.

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Stigma of ‘Dirty Fossil Fuels’ Drives Young People Away from Lucrative Careers in Oil and Gas Work

Just the News
Petroleum Engineers

Petroleum engineering is the highest paying bachelor’s degree in the United States, according to a report by Payscale, but despite an average annual salary of $97,500, oil companies struggle to fill positions.

The industry faces a number of challenges. Employees often face cyclical layoffs whenever commodity prices collapse, and that makes the jobs appear unstable. Young people today are also concerned about working in an industry they’re taught is destroying the planet.

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