Daily Standup Top Stories Big Beautiful Bill May Still Yet End the Green New Deal June 29, 2025 Clark Savage Senate Republicans have taken a significant step toward passing President Donald Trump’s sweeping legislative package, dubbed the “One Big Beautiful Bill Act,” with a narrow 51-49 procedural vote on June 28, 2025. This $4.5 trillion […] UK […]
Continue ReadingIn a move that has sparked both environmental and energy security debates, California’s state Senate recently introduced a landmark resolution to scrutinize the state’s reliance on crude oil imports from the Amazon, particularly from Ecuador. This decision follows a visit from Indigenous leaders from Ecuador’s Amazon, including Juan Bay, president of the Waorani Nation, Jhajayra […]
Continue ReadingAlberta, Canada’s oil and gas powerhouse, has delivered a stunning fiscal surprise, posting an $8.3 billion (CAD) budget surplus for the 2024-25 fiscal year, far exceeding the modest $355 million projection in its February budget. This windfall, driven by soaring resource royalties, robust oil prices, and record production, underscores Alberta’s pivotal role in Canada’s energy […]
Continue ReadingWeekly Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels June 22, 2025 Clark Savage The global energy landscape […]
Continue ReadingThe U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs fell by 6 to 432, and gas rigs dropped by 2 to 109, with 5 miscellaneous rigs unchanged. Globally, rig […]
Continue ReadingOn June 27, 2025, President Donald J. Trump took to Truth Social to announce a new chapter in the ongoing saga of U.S.-Canada trade relations, signaling a hardline stance on tariffs. “Canada’s been ripping us off for decades on trade. Their steel, aluminum, and energy exports are killing American jobs. We’re negotiating HARD—25% tariffs stay, […]
Continue ReadingIn a recent opinion piece for The Daily Caller, energy expert David Blackmon highlighted a curious phenomenon: despite Israel’s military actions against Iran starting June 12, 2025, the anticipated oil price spike failed to materialize. Instead, the U.S. West Texas Intermediate (WTI) crude price dropped from $68.04 per barrel on June 12 to $64.50 by […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley and Wasif Latif discuss the impact of geopolitical tensions, particularly the escalation in the Middle East, on the commodities market. They explore the potential effects of supply disruptions, such as a shutdown of the Strait of Hormuz, on oil and natural gas prices, […]
Continue ReadingThe U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary constraints, raises concerns about the nation’s energy security at a time of global market volatility. Below, we explore the reasons […]
Continue ReadingThe Chabahar-Zahedan railway line, a transformative infrastructure project in Iran, is nearing completion, signaling a seismic shift in regional trade dynamics. Spanning approximately 628-750 kilometers, this railway connects Iran’s strategic Chabahar Port on the Gulf of Oman to Zahedan, near the borders of Afghanistan and Pakistan. As part of the International North-South Transport Corridor (INSTC), […]
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