Category: Crude Oil

California Extends Its Key Climate Programs, Condemning the State to High Energy Prices

Clark Savage575

On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]

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Texas Leads the Energy Dominance Movement

Clark Savage713

In an era of surging global energy demand driven by AI, manufacturing resurgence, and geopolitical realities, Texas stands as the undisputed leader in American energy production, infrastructure, and innovation. The Lone Star State isn’t just keeping pace—it’s defining the future of reliable, affordable, and dominant energy. From record-breaking oil and gas output to a massive […]

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ExxonMobil’s Position in Guyana Is Making Profits

Clark Savage2421

ExxonMobil’s massive offshore operations in Guyana are delivering blockbuster returns, even as global oil markets navigate geopolitical turbulence. The U.S. supermajor, operator of the world-renowned Stabroek Block, is riding a wave of record production, ultra-low breakeven costs, and newfound regional stability following Venezuela’s political restructuring. As highlighted in recent market analysis, the consortium’s cost-recovery phase […]

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Iran is Finalizing Strait of Hormuz Traffic Management Plan – President Trump is not the same page and where do we go from here?

Clark Savage519

Iran is pushing ahead with legislation to formalize its “management and sovereignty” over the Strait of Hormuz, including provisions for shipping security, navigation and environmental fees, and a regional development fund — moves widely interpreted as establishing a toll-like system and de facto control. A senior Iranian lawmaker, Alireza Salimi, stated that only Iran and […]

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California Loses Bid to Block Sable Offshore from Pumping Oil

Clark Savage2351

In a significant victory for American energy production and common sense, a federal judge has rejected California’s latest attempt to shut down Sable Offshore Corp.’s operations, allowing the company to continue moving domestically produced crude oil through its pipeline system. The ruling underscores the ongoing tension between California’s aggressive anti-oil policies under Governor Gavin Newsom […]

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The Endless Deal in Iran: Roller-Coaster Diplomacy, Iraq Spillover, and Oil Market Whiplash

Clark Savage424

As global energy markets swing wildly on every headline from the Middle East, historian Niall Ferguson aptly dubs the latest chapter “The Endless Almost-Deal in Iran.” Since the dramatic escalation on February 28, 2026—when U.S. and Israeli strikes (part of what some reports call Operation Epic Fury) targeted Iranian leadership and facilities, reportedly killing Supreme […]

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Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

Clark Savage656

In a wide-ranging Bloomberg Surveillance interview aired today, Chevron Chairman and CEO Mike Wirth painted a sobering picture of ongoing disruptions in the Strait of Hormuz while signaling that the industry is accelerating plans for alternative infrastructure to reduce reliance on the critical chokepoint. Wirth confirmed that multiple vessels transiting the Strait of Hormuz have […]

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