In a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality issues with Mars crude, a key Gulf of America oil grade. This borrowing aims to prevent potential disruptions at the company\’s […]
Continue ReadingThe judge ruled the 2023 Gulf lease sale violated environmental law by ignoring climate, CO2 emissions, and whale impacts. A federal district judge has issued a ruling against a Gulf [oil and gas] lease sale conducted by the Biden administration in 2023, saying the Interior Department was in violation of the Environmental Policy Act by […]
Continue ReadingDaily Standup Top Stories U.S. Shale’s Capital Discipline Outweighs Trump’s Pro-Growth Rhetoric January 19, 2025 Clark Savage US shale producers are focused on capital discipline and shareholder returns, limiting the impact of Trump’s pro-oil policies. Increased Permian rig activity is unlikely to significantly boost oil production due to inventory depletion and efficiency […] Days before Trump takes […]
Continue ReadingBrent up 1.3%, WTI adds 1.7% in the week Concerns about more supply disruptions as Trump returns to power Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal US oil rig count falls by two HOUSTON, Jan 17 (Reuters) – Oil prices settled lower on Friday but notched their fourth straight […]
Continue ReadingENB Pub Note: The following article is an excellent summary from Alexandra Prokopenko and Alexander Kolyandr about what the oil and gas exports mean to the Russian economy and, conversely, what impact the sanctions will have on global consumers. This is a complicated issue, and we can already see the Neocons starting their talks of […]
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The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. If they stay in place under Trump, the measures have more chance of disrupting Russia’s exports of petroleum than anything done […]
Continue ReadingIn this joint podcast, Stuart Turley and David Blackmon provide an in-depth analysis of U.S. energy policies under the Biden administration, focusing on offshore drilling bans, regulatory challenges, and their implications for long-term energy security. The discussion addresses critical topics such as the energy transition, the reliance on foreign supply chains for essential minerals, and […]
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Biden blocks 625M acres from offshore drilling, citing climate risks, as oil groups protest and Trump pledges to boost U.S. energy production. President Biden has blocked new offshore drilling for oil and gas in several parts of the country about two weeks before President-elect Trump takes office. [emphasis, links added] Biden has announced that he’ll […]
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