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HomeUS Energy News

US Energy News

Enbridge
Crude Oil News

Michigan commission calls Enbridge Line 5 tunnel application deficient, requests more evidence

July 9, 2022 Mariel Alumit

Enbridge’s proposed tunnel project to extend the lifetime of its Line 5 propane, crude oil and fuels system is facing new potential delays after the Michigan Public Service Commission ordered the reopening of the application […]

WHAT DOES THE WORST STOCK SELLOFF IN HALF A CENTURY MEAN TO THE ENERGY MARKETS?
Commodities

What does the worst stock selloff in half a century mean to the energy markets?

July 8, 2022 Stu Turley

As I sit down on this July 4th holiday weekend, it is a time to reflect on what a great country we live in. We take things for granted like the freedom to travel, and […]

Supreme Court Climate Ruling Adds Obstacles to SEC Policies2
Political

What does the Supreme Court ruling on the EPA mean for U.S. oil companies and consumers?

July 8, 2022 Stu Turley

Some regulations are good for the energy industry and have saved lives, property, and the environment. But when a regulatory body makes executive-level decisions unchecked that is when the question of being overly powerful comes […]

Gasoline
Commodities

Can Anything Bring Gasoline Prices Down?

July 8, 2022 Mariel Alumit

Oil prices have fallen by more than 20% since March. Gasoline prices, however, have not reflected the drop. The ongoing pain at the pump will likely continue. Recession fears took hold of oil markets this […]

ERCOT
Renewables Not Sustainable

ERCOT peakload records, Texas wind output may fall July 8-12; gas burn may fill in

July 8, 2022 Mariel Alumit

The Electric Reliability Council of Texas on July 7 forecast record peakloads July 8-12, as a heat wave persists across the Lone Star State, which may coincide with declining wind output, boosting wholesale power prices […]

Exxon Mobil
CCUS

Big Oil CEO Believes Carbon Prices Need To Double

July 7, 2022 Mariel Alumit

The CEO of Exxon Mobil is calling for an increase in the price of captured and stored carbon. At present, the price of captured and stored carbon sits at around $50 per tonne. Exxon CEO […]

solar
Renewables Not Sustainable

From steel to solar: Assessing the pending solar boom in the Rust Belt

July 7, 2022 Mariel Alumit

Introduction The pipeline for solar in the U.S. has exploded to nearly 187 GW, with renewable powerhouse Texas leading the way. Most of the remaining states in the top 10 by solar generation output — such […]

Texas
Top News

Texas power use to keep breaking records as heatwave lingers

July 7, 2022 Mariel Alumit

July 6 (Reuters) – Power demand in Texas hit another all-time high this summer on Tuesday and will likely keep breaking that record all week as economic growth boosts overall use and homes and businesses […]

Natural Gas
EIA News

US working natural gas in underground storage rises by 60 Bcf: EIA

July 7, 2022 Mariel Alumit

US natural gas working stocks rose by 60 Bcf during the week ended July 1, a well-below-expectations build that fueled a recovery in natural gas futures. The net injection brought Lower-48 storage inventories up to […]

Railroad
Crude Oil News

Oil and gas production creates record tax revenue for State of Texas

July 7, 2022 Mariel Alumit

AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry. “Despite President Biden’s delusional desire to […]

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