Texas ratepayers are on the hook for a $33 billion high-voltage transmission expansion that critics call a classic power grab—funneling guaranteed returns to transmission monopolies, condemning thousands of acres of private land, and primarily enabling more intermittent wind and solar that many of today’s assets won’t economically or physically outlast another decade. The Electric Reliability […]
Continue Reading
In late June 2026, President Donald Trump publicly singled out ExxonMobil, Chevron, Shell, and BP, accusing the “big Oil Companies” of failing to lower gasoline prices at the pump in line with falling crude oil costs. In comments to the media and on Truth Social, he argued that with oil prices dropping sharply, Americans should […]
Continue Reading
U.S. oil and gas drillers added a single active rig in the latest weekly tallies, signaling continued capital discipline and steady rather than accelerating activity heading into late summer 2026. According to the WellDatabase US Rig Report dated July 31, 2026 (published in partnership with Energy News Beat), the national active rig count reached 576, […]
Continue Reading
In the second quarter of 2026, ExxonMobil and Chevron delivered blockbuster earnings, fueled by elevated oil prices stemming from the ongoing Iran conflict and associated supply disruptions in the Middle East, including pressures around the Strait of Hormuz and Red Sea. These results highlight the resilience of the U.S. majors’ integrated portfolios amid geopolitical volatility, […]
Continue Reading
Expand Energy Corporation (NASDAQ: EXE), North America’s largest independent natural gas producer, has reported a strong initial production (IP) rate of 27.5 million cubic feet per day (MMcf/d) from its first horizontal wildcat in the Far Western Haynesville. The Bobby Yancey #2H well, located in Houston County, Texas, features an 8,158-foot lateral and represents an […]
Continue Reading
ENB Pub Note: This article first ran on America Outloud by Ronald Stein and Mike Ariza, and both have been on the Energy News Beat Podcast and should be followed! This is urgent. With the loss of transportation fuel supplies from Asian refineries resulting from the Iranian War and California’s huge dependency, the 4th largest economy […]
Continue Reading
The U.S. Energy Information Administration (EIA) released its Weekly Petroleum Status Report on July 29, 2026, covering the week ending July 24, 2026. Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 7.2 million barrels (precisely 7.167 million barrels) to 404.5 million barrels. This marked a sharp draw that far exceeded market expectations […]
Continue Reading
California’s energy debate often rests on a convenient narrative: gasoline and diesel demand is falling, so aging refineries can—and should—simply close. A recent CalMatters commentary by Ranjit Deshmukh, an environmental studies associate professor at UC Santa Barbara, advances exactly this view. Titled in essence “Aging oil refineries don’t need more public dollars. California should let […]
Continue Reading
The paper oil markets continue to signal relative calm, with WTI futures hovering in the low-to-mid $80s per barrel range in late July 2026, even as the physical markets scream warnings of tightening supplies and stress. Futures traders appear focused on hopes of de-escalation, adaptability of flows, and potential diplomatic pauses. Yet the actual delivery […]
Continue Reading
Global demand for liquefied natural gas (LNG) carriers is set to be significantly stronger than previously expected over the next decade. French containment-system specialist Gaztransport & Technigaz SA (GTT) has raised its forecast for LNG carrier gas-containment system design orders to about 550 vessels in the 2026–2035 period, up from its earlier estimate of more […]
Continue Reading