For several months, Gov. Gavin Newsom has waged a war of words on California’s petroleum industry, accusing it of price-gouging and asking the Legislature to impose a tax on its soaring profits. “Big oil is […]
December 5, 2022 Data source: U.S. Energy Information Administration, Weekly Petroleum Status Report Note: Consumption is expressed using product supplied data. Average jet fuel consumption in the United States so far in 2022 has been […]
Governor Gavin Newsom believes California’s gas prices are too high. And he is correct. However, his claims that he can lower gasoline prices by forcing consumers to pay higher taxes will make a bad situation […]
Climate change is a real and urgent problem. More than a century of carbon emissions is warming the planet and causing floods, droughts, fires and other cataclysmic events that are killing people, threatening livelihoods and […]
Introduction Houston, Texas-based Phillips 66 (NYSE: NYSE:PSX) released its third quarter of 2022 on November 1, 2022. Also, on November 9, 2022, the company held its “investor day 2022,” unveiling PSX’s strategy. Phillips 66 expects to return […]
In the current year, five developers have signed over 20 long-term deals to supply more than 30 million metric tons/year of LNG. Pundits are asking if the United States can ramp up production to meet […]
European Commission President Ursula von der Leyen said Sunday that Europe must “adjust our own rules to make it easier for public investments” due to rising concerns that the new and beefed-up energy incentives and subsidies contained […]
The US Department of Commerce has issued a preliminary determination stating that certain companies in Southeast Asia are circumventing anti-dumping/countervailing duties (AD/CVD) imposed on Chinese solar products. The ruling is in response to the AD/CVD […]
As California energetically attempts to decarbonize the state’s economy, some in Sacramento fear the plan faces a looming threat: astronomical gas prices that could fuel a massive public backlash. A state mandate will phase out […]
West Virginia state Sen. Glenn Jeffries left the Democratic Party to become a registered Republican this week. Jeffries, who has represented West Virginia state Senate District 8 since 2016, claimed “economic development” as one of the driving reasons he […]
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