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Today, House Committee on Natural Resources Chairman Bruce Westerman (R-Ark.) and Subcommittee on Oversight and Investigations Chairman Paul Gosar (R-Ariz.) led a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and Director Haoxiang Zhu, seeking information on a proposed rule change to permit the listing of Natural Asset Companies (NACs) on the New York Stock Exchange (NYSE).

"Accidents" and deaths may be inevitable in extreme climate activism that could merit blowing up thousands of pipelines, author and radical climate activist Andreas Malm said in a startling new interview. The "How to Blow Up a Pipeline" writer and activist gave an interview to The New York Times on his upcoming follow-up book, "Overshoot: How the World Surrendered to Climate Breakdown." At the top of the exchange, Malm was questioned on how "it’s hard to think that deaths don’t become inevitable if there is more sabotage" like blowing up pipelines. "Sure, if you have a thousand pipeline explosions per...

The Biden Regime is now proposing a new natural gas tax. Biden’s first order of business was to kill tens of thousands of jobs and cancel the Keystone XL pipeline. Gas prices shot up immediately after Biden canceled the Keystone Pipeline. Since then, Biden has continued to wage a war on the ‘fossil fuel’ industry. He has also depleted the Strategic Petroleum Reserve. Now Biden is proposing new regulations and taxes on the fossil fuel industry. “Under President Biden’s leadership, EPA is delivering on a comprehensive strategy to reduce wasteful methane emissions that endanger communities and fuel the climate crisis,”...

"There is no fraud, it's a fraud on me" President Donald Trump speaking... In Los Angeles Hunter Biden entering a not guilty plea to tax charges... Russia calling for a meeting of the UN Security Council tomorrow over the attacks on Yemen...Air strikes on the Yemeni military (Houthi) forces in Yemen... The US Federal Aviation Administration formally launching a probe of major aircraft maker-defense contractor Boeing. This following last Friday's blowout involving the side of a Boeing 737MAX 900... Poland's President Andrzej Duda wants to pardon two politicians from his religious -conservative party arrested at his presidential palace... US politics...

Biden administration is 'sowing the seeds for the next energy crisis' by blocking oil and gas leases despite wars in Mideast and Europe threatening energy flows, top US trade group warns White House under pressure to halt oil and gas leases over global warming fears The Biden administration is 'sowing the seeds for the next energy crisis' by restricting America's oil and gas sector even as wars in the Middle East and Europe threaten supply shocks, the head of a top trade group has warned. Mike Sommers, president of the American Petroleum Institute (API), issued a stark warning that the...

An industry spokesperson compared the DOE’s recent purchases to a teenage son, granted use of the family car, bringing it home with the tank half empty. Then, he tells you it's okay because he’s going to put a gallon in today and another one tomorrow. It will take 75 months to bring the nation's petroleum reserves back to the level it was before Biden began draining it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The U.S. Department of Energy (DOE) announced Wednesday another request to buy 3 million barrels of oil that will help replenish the nation’s energy stockpiles, which have been drained under President Joe...

Texas dominates U.S. oil production, contributing 42.6% of the total output, mainly due to the Permian Basin.New Mexico has seen dramatic 190% increase in oil production over the past five years, becoming the second-leading oil producer in the U.S.California faces a 30.7% reduction in oil production over the past five years, largely due to political and geological challenges.U.S. oil production has increased by 21% over the past five years. According to data from the Energy Information Administration (EIA), earlier this month U.S. oil producers set a new annual production record.This increase is being driven by a surge of production in...

You won’t hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has. The flow of huge amounts of crude from American producers is playing a big role in keeping prices down at the pump, diminishing the geopolitical power of OPEC, and taming inflation. The average price of a gallon of regular gasoline nationwide has dropped to close to $3, and analysts project it could stay that way leading up to the presidential election, potentially assuaging the economic anxieties of swing state...

Global gasoline consumption hit a record 26.9 million barrels per day (bpd) this year, exceeding the 2019 peak and defying estimates that the last pre-pandemic year was the time when gasoline demand worldwide would peak. The data, reported by Bloomberg Opinion columnist Javier Blas, shows the latest figures from the International Energy Agency (IEA). The same agency, which has been strongly advocating for a faster energy transition for years, had predicted just this year that 2019 was the peak demand for gasoline globally. Back in June, in its Oil 2023 annual report, the IEA said that “Growth is set to...

OPINION The USA, Canada, Australia, Norway and the UK which had the moral responsibility to rapidly phase out oil and gas production are responsible for planned expansion from new oil and gas fields for next decade and half. How can these countries advise India to cut on coal consumption? Our greenhouse gas emission is nearly 3 Giga tonnes of CO2 equivalent annually. We are distant third behind the two top emitters China with 14 Giga tonnes and the US with 8 Giga tonnes Among the important outcomes, COP 28 text proposes to triple renewable energy capacity and double the global...

Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African nation's oil minister, said Angola “does not gain anything by remaining in the organization,” according to state news agency Angop. The country joined OPEC in 2007. Disagreements over lower oil quotas for some African countries, including Angola, led to an usual dayslong delay to OPEC's November meeting, where the group, along with allied producers led by Russia, decide how much oil to send to the world. At the meeting, Angola's production...

U.S. oil production reached a record 13.2 million barrels per day, significantly increasing exports, especially to Europe and Asia. End-of-year tax considerations are prompting traders to export more oil to reduce taxable inventory, with exports expected to average 5 million barrels per day. The integration of WTI Midland in the Brent basket and the European embargo on Russian oil have contributed to the growing popularity of U.S. crude in global markets.

Huge volumes of US oil production, as well as output from Brazil and Guyana, have eaten away at the Organization for Petroleum Exporting Countries and its allies' command of global crude flows, with the energy cartel's market share dropping to its lowest mark in nearly a decade, according to the International Energy Agency. In its oil report covering data up to December 2023, the IEA said OPEC+'s market share had fallen to 51% in 2023. It hasn't been that low since the group expanded to include additional allies in 2016, the Paris-based firm said. "Record-breaking supply from the United States,...

Venezuelan President Nicolas Maduro said on Monday that he views US military support of neighboring Guyana as a threat to resolving his nation’s territorial claim there, and will bring it up in talks this week with his counterpart. Maduro will meet Guyana President Irfaan Ali on Thursday in St. Vincent and the Grenadines. “I hope that in this high-level meeting we can address the main threats to the peace and stability of our countries, among them the involvement of the US Southern Command, which has begun operations in the disputed territory,” Maduro said in a letter published on X, formerly...

U.N. climate negotiators confirmed Monday they are pushing for a deal at the COP28 climate summit in Dubai that will be the beginning of the end for fossil fuels. Flying back to Dubai to add his voice to the negotiations, U.N. Secretary-General Antonio Guterres called for “maximum ambition and maximum flexibility” to reach an agreement that can find consensus among the nearly 200 countries. “We are in a race against time,” Guterres told reporters, AFP reports.

French Energy Minister Agnes Pannier-Runacher said Saturday she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the COP28 conference. ADVERTISING "I am stunned by these statements from OPEC+. And I am angry," she said from the climate conference in Dubai, adding that "OPEC+'s position endangers the most vulnerable countries and the poorest populations who are the first victims of this situation". The minister said she was "counting on the presidency of the COP not to be influenced by these declarations, and to reach an agreement which affirms a clear objective...

Biden is hoping for one more term as President. And declining oil prices might help him get re-elected. But we have a battle brewing! The United Nations and World Economic Forum (and their proxies John Kerry, Greta Thunberg and Green Joe Biden) against …. everyone else. Despite Biden’s lame attempts (through climate envoy John Kerry) at getting China to go to green energy and rid themselves of fossil fuels, China claims a new discovery of roughly 1.78 billion barrels of oil. Then we have oil production surging (think of WEF’s Klaus Schwab’s scowling face) and crude oil prices sinking to...

The sell-off in the oil market accelerated Wednesday, with US crude prices sinking below $70 a barrel for the first time since July. The latest wave of selling bodes well for consumers, suggesting gas prices could fall even closer towards $3 a gallon nationally. Gas prices bottomed out at $3.10 a gallon in late December last year just before Christmas. The national average hasn’t been below $3 since May 2021. US crude tumbled to as low as $69.11 a barrel on Wednesday, the lowest intraday level since June 29. Oil closed at $69.38 a barrel, down 4.1% on the day....

The Biden administration is facing heavy criticism from Native Alaskans over its crackdown on oil and gas drilling in Alaska, activity which generates tax revenue vital for key state and local programs. Native Alaskan leaders have particularly taken issue with the Department of the Interior's (DOI) recent actions blocking future oil and gas development in the National Petroleum Reserve (NPR), an area in North Slope Borough, Alaska, specifically set aside by Congress for resource development, in the Arctic National Wildlife Refuge (ANWR), and in federal offshore waters off the state's coast. "My community unapologetically supports the leasing program," Charles Lampe,...