(Oil & Gas 360) By Greg Barnett, MBA – The Corporate Average Fuel Economy, or CAFE, standards were enacted in 1975 in response to a clear and immediate problem: the United States had built an automotive system optimized for size and power at precisely the moment energy security became a national vulnerability. Average passenger vehicles delivered barely 13 miles per
(World Oil) – The Railroad Commission of Texas (RRC) assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, continuing the agency’s oversight of the state’s oil and gas industry and intrastate pipeline systems. Commissioners approved a total of $1,111,897 in fines through a combination of default and agreed orders. Default orders, issued to operators
(World Oil) – The U.S. House of Representatives has passed legislation that would extend a key federal program supporting oil and natural gas permitting activities on public lands, drawing support from industry groups that say the measure helps improve permitting efficiency while remaining fully industry funded. The License to Drill Act (H.R. 7831), introduced by Rep. Mike Kennedy, R-Utah, would reauthorize the
(Oil & Gas 360) By Greg Barnett – The proposed combination of NextEra Energy and Dominion Energy is the kind of transaction that immediately triggers a visceral reaction. The scale is enormous, the assets are critical to national infrastructure, and the timing coincides with a surge in electricity demand tied to artificial intelligence and data centers. The instinctive question is whether
(World Oil) – A bipartisan group of U.S. senators has introduced legislation aimed at preventing future presidential administrations from pausing or delaying liquefied natural gas (LNG) export approvals, drawing support from oil and gas industry organizations and energy workforce groups. The proposed LNG Export Security Act, introduced by Senators John Cornyn and John Fetterman, would amend the Natural Gas Act to strengthen protections for LNG
(World Oil) – Louisiana lawmakers have unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, advancing political support for the 25-MMtpa LNG project as it continues through the federal permitting process. The Louisiana Legislature approved Senate Concurrent Resolution No. 6 with unanimous votes in both chambers, formally expressing support for development, construction and long-term operation of the proposed LNG export terminal.
(World Oil) – The Independent Petroleum Association of America praised the Trump administration’s decision to rescind the Bureau of Land Management’s Conservation and Landscape Health Rule, arguing the move will provide greater regulatory certainty for independent oil and natural gas producers operating on federal lands. The rule, commonly referred to as the BLM public lands rule, had elevated conservation as a
(By Oil & Gas 360) – Colorado’s latest energy battle is quickly becoming about more than natural gas. What began as a proposed ballot measure to create a constitutional “right to natural gas” is now evolving into a broader debate over energy policy, consumer choice, electrification, affordability, and the pace of transition. At the center of the dispute is Initiative
(Investing) – WASHINGTON – Washington’s top derivatives regulator on Thursday reassured lawmakers that the United States will punish fraud as concern mounts on Capitol Hill that oil, stock and prediction market players are illicitly trading on inside information from the White House, according to prepared remarks seen by Reuters. The first congressional testimony by the current chair of the U.S. Commodity
(World Oil) – U.S. Bureau of Land Management lease sales across Colorado, Nevada and Utah generated $64.8 million in total revenue, reflecting continued interest in federal onshore acreage. The agency leased 136 parcels covering 131,121 acres during its latest quarterly sale, with revenue distributed between federal and state governments. Utah accounted for the majority of proceeds, generating $56.4 million from
(BOE Report) – Federal Reserve officials eager to keep inflation psychology in check and maintain control over prices face a challenge as household expectations rise alongside the cost of gasoline and doubt edges into bond markets in the form of rising yields on U.S. Treasury securities. Until the U.S.-Israeli war with Iran pushed the price of oil up more than
(World Oil) – The third day of CERAWeek by S&P Global 2026 started off Wednesday with a fascinating, wide-ranging discussion conducted with U.S. Secretary of the Interior Doug Burgum by interviewer Dan Yergin, Chairman of CERAWeek and Vice Chairman of S&P Global. Given an opportunity from Yergin at the session’s start to frame the discussion, Burgum emphasized the important role that the
