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HomeUS Energy News

US Energy News

Shale
Exploration and Production

Why This Oil Price Slump May Not Be Bad News For US Shale

August 16, 2022 Mariel Alumit

Shale stocks aren’t plunging along with crude oil benchmarks Capex and production discipline among U.S. shale producers have kept investors content The effects of this selloff will likely soon disappear as the panic subsides with […]

Domestic oil and gas production has increased since President Biden came into office. PHOTO: ROBYN BECK/AGENCE FRANCE-PRESSE/GETTY IMAGES
Commodities

Goldman Sees $5 Gasoline, $130 Brent By Year End

August 15, 2022 Stu Turley

The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Goldman Sach’s Head of Energy […]

Oxy
Finance

Buffett Boosts Oxy Stake

August 15, 2022 Mariel Alumit

A recent SEC filing has revealed that Warren Buffett’s Berkshire Hathaway acquired just under seven million more Occidental Petroleum shares for a price of over $390 million. According to the filing, on August 4, 2,231,566 […]

Biden
Energy Policy

Biden’s Civil War on Energy Is Leaving Endless Collateral Damage in Its Wake

August 15, 2022 Mariel Alumit

President Joe Biden has declared he will “end fossil fuel.” Presidents have declared war on everything from poverty to drugs, but his declaration is much more sinister. His is really a civil war. The combatants are heavy-handed […]

F-150
Electric Vehicles

Ford just raised the price of its electric F-150 by up to $8,500

August 15, 2022 Mariel Alumit

(CNN)Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before. When the Lightning […]

US Inflation Reduction Act
Energy Policy

US Inflation Reduction Act: No respite on the horizon for energy industry costs, but Chinese policies could save the day

August 15, 2022 Mariel Alumit

Contrary to its title, the US Inflation Reduction Act will usher in more energy service inflation in the next 18 months as the incentives offered to manufacturers struggle to keep up with the increased demand triggered […]

Senators
Energy Policy

N.D. Senators Statement on Oil and Gas Lawsuit

August 15, 2022 Mariel Alumit

BISMARCK – U.S. Senators Kevin Cramer and John Hoeven (R-ND) issued the following statements after the D.C. District Court approved North Dakota Attorney General Drew Wrigley’s Motion to Intervene in environmentalist interest groups’ attempt to invalidate […]

JPMorgan
Finance

JPMorgan CEO Jamie Dimon: ‘Why can’t we get it through our thick skulls?’ America boosting oil and gas production is ‘not against’ climate change

August 15, 2022 Mariel Alumit

JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported. The call touched on various topics, including climate change and the odds of a recession. He said US natural gas production […]

ET Renewable

California sets big targets for offshore wind

August 13, 2022 Stu Turley

In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency said in a statement. […]

Finance

As Inflation Begins To Slow, Groceries Are One Exception The Daily Financial Trends

August 13, 2022 Stu Turley

As inflation slows down some, one place not seeing the relief is grocery prices. Food at home prices rose 1.3% from June to July, leading to a 13.1% rise compared to last year. According to […]

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