Houston, TX – June 6, 2026 – U.S. oil-directed drilling rigs posted their sixth consecutive weekly gain this week—the longest upward streak in domestic exploration since mid-2022—pushing the Baker Hughes oil rig count to 431. The increase comes as higher crude prices, fueled by ongoing disruptions and geopolitical tensions in the Strait of Hormuz, continue […]
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This was a good interview on the Sable offshore platform with Secretary Doug Burgum and Secretary Chris Wright on the importance and impact of the implementation of the Defense Production Act on California Oil. Make no mistake. There is still work to be done as the new legislation that Gov Newsom is putting in will […]
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Blacksburg, SC – USA Rare Earth (Nasdaq: USAR) has announced a $1.2 billion investment to build a major rare earth magnet manufacturing and refined metals facility in Cherokee County’s Bailey Industrial Park in Blacksburg, South Carolina. The project marks a significant milestone in the company’s effort to create a fully domestic “mine-to-magnet” supply chain and […]
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In a major boost for America’s energy security and domestic coal industry, President Donald J. Trump today invoked the Defense Production Act (DPA) to direct nearly $700 million in federal support for coal-fired power plants, new construction, restarts, and critical export infrastructure. The announcement, made during an Oval Office event focused on “Beautiful, Clean Coal,” […]
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A major industrial proposal is advancing in northeast Oklahoma at the Tulsa Port of Inola along the Verdigris River. The Inola Aluminum Smelter—formally known as the Oklahoma Primary Aluminum project—represents the first new primary aluminum smelter in the United States since 1980 and would become the largest ever built in the country. What Is the […]
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Grimes County, Texas, took a bold step forward on June 3, 2026, by approving a major incentive package for SpaceX’s proposed TeraFab semiconductor manufacturing and advanced computing facility. In a 4-1 vote, county commissioners designated a Tax Increment Reinvestment Zone (TIRZ) and granted a 100% property tax abatement for the project, paving the way for […]
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In a significant victory for U.S. critical minerals security and domestic mining, the U.S. District Court for Idaho has denied a preliminary injunction sought by climate activist groups, clearing the way for construction to advance on Perpetua Resources’ Stibnite Gold Project. The ruling, issued late last week, removes a major litigation hurdle for what is […]
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The U.S. Energy Information Administration (EIA) released its latest Weekly Petroleum Status Report on June 3, 2026, covering data for the week ending May 29, 2026. The report reveals a significant tightening in U.S. petroleum inventories, with a massive combined draw in commercial crude oil and Strategic Petroleum Reserve (SPR) stocks. Analyst Ole S. Hansen […]
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In a major step forward for U.S. floating LNG technology, Delfin Midstream has reached a Final Investment Decision (FID) on its first FLNG project offshore Louisiana. The 4.4 million tonnes per annum (mtpa) facility will become the first floating liquefaction unit in the United States and the world’s largest FLNG vessel. Samsung Heavy Industries secured […]
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Duke Energy President and CEO Harry Sideris delivered a clear message at the Edison Electric Institute convention in Las Vegas today: artificial intelligence and data centers are reshaping U.S. power demand at a pace never seen before. With 30 years at the company, Sideris noted that Duke has historically experienced annual load growth of just […]
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