ENB Pub Note: Stu has been saying that the oil price for 2025 needs to be at the $80 mark for \”Drill baby Drill when fiscally responsible.\” ESG has had one impact on Exploration and Production companies that President Trump did not plan on. That is fiscal responsibility to give shareholders profits and returns on […]
Continue ReadingThe total number of active drilling rigs for oil and gas in the United States held steady this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US stayed at 592 rigs, according to Baker Hughes, down 37 from […]
Continue ReadingENB Pub Note: Mike Umbro on X – Kern County general fund faces $9 million deficit in 2025 | KGET 17 News Kern County was the #1 oil producing county in the United States in 20213. 12 years later after Newsom’s shutdown…Kern County is broke. Kern County general fund faces $9 million deficit in […]
Continue ReadingPresident Trump\’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican oil imports may see a sharp decline due to alternative sources available to Gulf Coast refiners. These tariffs could lead […]
Continue ReadingENB Pub Note: This is an excellent article from Bloomberg on LNG diplomacy and the expansion in President Trump\’s second term. We are going to see some critical changes in the geopolitical world and new alliances that will not be directed by the globalists. Energy and Finance will be at the core of the realignment […]
Continue ReadingMany people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security tool down to depleted levels not seen in more than 40 years. Created in the early ‘70s by congress and […]
Continue ReadingUnlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National Convention last August, I was able to highlight the more than 1,000 words specific to energy included in it. The president’s high […]
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ENB PUB Note: I call it \”Drill Baby Drill, when fiscally responsible.\” The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast. By Wolf Richter for WOLF STREET. Crude oil production in the US rose by 2.5% in 2024, and by 165% since 2008, to a record […]
Continue ReadingPrices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005. By Wolf Richter for WOLF STREET. When it comes to US natural gas production, exports, and imports, a key element is that the price of natural gas in the US has collapsed […]
Continue ReadingThe Republican-controlled Congress voted to repeal a federal fee on oil and gas producers who release high levels of methane. Considered a tax by the oil and gas industry, the fee was one of the previous Environmental Protection Agency\’s final measures to force producers to slash methane emissions. Repealing the methane fee is the latest […]
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