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CALGARY - A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested the study on permitting from the National Petroleum Council, which includes 200 members he appointed from both inside and outside the oil and gas industry. The body was formed just after the Second World War. .... The fact that Wright gave the council five months to put together the report — work that would...

Gas prices across the United States have plummeted to their lowest levels in years, with many states seeing prices dip below $3 per gallon. Officials predict that prices could eventually fall to as low as $2 per gallon. Secretary of the Interior Doug Burgum attributed the drop to several factors, including the reversal of Biden-era regulations that had restricted access to public lands for oil and gas production. "The big thing, of course, that Biden did was basically try to shut down access to public lands," Burgum said. He explained that the previous administration's policies had discouraged investment and drilling,...

A new five-year offshore oil and gas leasing plan proposes 21 sales in Alaska, from the Gulf of Alaska to the High Arctic, and 13 more off the U.S. West Coast and in the Gulf of Mexico. .... Rep. Jared Huffman, D-California, was among a group of mostly California Democrats in Congress who blasted it during a news conference Thursday. “We are here because President Trump just put out what we believe is an asinine pro-polluter plan to open up our coast to offshore drilling,” Huffman said.

President Donald Trump has signed a resolution backed by members of Alaska’s Congressional delegation to revoke restrictions on drilling in the National Petroleum Reserve on the North Slope. The White House announced Friday evening that Trump had signed Senate Joint Resolution 80 into law. SJR 80 uses the Congressional Review Act to reverse restrictions enacted during the administration of President Joe Biden. Those restrictions, imposed as part of a 2022 activity plan for the reserve, were intended to protect environmentally sensitive areas against harm from oil and gas drilling. ... Friday’s signing was one of several Trump administration actions taking...

The Trump administration’s cancellation of the largest solar project in the United States has sparked confusion and concern among Republicans and Democrats alike. Known as the Esmerelda 7, the collection of seven solar projects in rural Nevada was set to generate up to 6.2 gigawatts of energy when complete, enough to power 2 million homes. That’s an eye-popping amount of power to add to an electrical grid that desperately needs more of it, due to the insatiable demand from AI-related data centers and increasing residential needs. Under former President Joe Biden, the federal government was moving the sprawling project through...

Trapped in underground rocks, a potential energy resource has eluded generations of British politicians. It's called shale gas and the method of getting it out of the ground, known as fracking, has proved politically difficult. Fracking, short for hydraulic fracturing, has been banned many times by different prime ministers since 2011 over concerns about earthquakes and environmental impacts. And yet despite this, Reform UK - which is leading in national opinion polls - believe it's worth going after the gas again. "We've got potentially hundreds of billions of energy treasure in the form of shale gas," Richard Tice, the party's...

In a remarkable move, President Donald Trump’s administration has successfully reopened a key oil reserve in the Pacific Ocean after it was offline for a decade. Interior Secretary Doug Burgum led the charge to restart the Santa Ynez Unit in just five months. The region is estimated to contain 190 million barrels of recoverable oil. The reserve is capable of providing 80 percent of regional production. The effort had been delayed for years under previous administrations due to bureaucratic red tape. The Santa Ynez Unit, which had been out of operation since 2015 due to an oil spill caused by...

One of the major issues that President Trump ran on in the 2024 election was energy. "Drill, baby, drill" was the motto (even if Trump did borrow it from a famous Alaskan), and when he was back in office, the president set about putting our energy policy to rights When you're talking energy and mineral resources, you have to talk about Alaska. In the energy front, much of our development is and will be on the North Slope. On Monday, several key Trump administration members visited "the Slope" to see things for themselves. Three Trump Cabinet members began a tour...

The proposal is regarding 13 million acres of government-owned Arctic land that is part of the National Petroleum Reserve in Alaska.. The Interior Department on Monday proposed the restoration of oil and gas drilling in the Arctic after it had previously been restricted by the Biden administration. The proposal is regarding 13 million acres of government-owned Arctic land that is part of the National Petroleum Reserve in Alaska, which is a total area of 23 million acres that former President Warren G. Harding set aside in 1923 as an emergency supply of oil for the Navy. The Naval Petroleum Reserves...

He states that there will be “Rapid Approvals” for the following: —— new drillings, new pipelines, new refineries, new power and electric plants, and new reactors of all types (nuclear) —— “This will quickly reduce the prices of everything almost immediately.”

Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil. A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and sometimes political unrest, as governments slash spending. Analysts who had already been predicting lower oil prices because of softening demand amid increased global production said the possibility of a tariff trade war and the overall climate of uncertainty could well deepen producers’ woes....

---Down 7.35% as I post this--- Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices...The group was widely expected to implement an increase of just under 140,000 barrels per day next month.

JUNEAU, Alaska (AP) — A federal judge in Alaska on Tuesday ruled the Biden administration lacked the authority to cancel seven oil and gas leases that had been issued for the Arctic National Wildlife Refuge. U.S. District Court Judge Sharon Gleason said terms of a 2017 tax law that set the stage for the first-ever lease sale in the refuge’s coastal plain in early 2021 suggested that leases could only be canceled by a court order. She sent the matter back to the Department of Interior for further action. President Donald Trump upon his return to office in January signed...

WASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has announced plans to open more land for oil and gas drilling in Alaska and remove restrictions on building an LNG pipeline and mining road. This follows President Donald Trump's order to boost energy development in the state. Burgum said the government will reopen 82 percent of Alaska's National Petroleum Reserve for leasing and allow drilling on 1.56 million acres of the Arctic National Wildlife Refuge (ANWR). He also lifted restrictions on land near the Trans-Alaska Pipeline and Dalton Highway, allowing Alaska to move forward with the Ambler Road and Alaska LNG Pipeline...

The United Arab Emirates (UAE) has committed to a 10-year, $1.4 trillion “investment framework” in the U.S., the White House announced Friday. The new framework “will substantially increase the UAE’s existing investments in the U.S. economy in AI infrastructure, semiconductors, energy, and American manufacturing,” according to the administration. The UAE committed to the investments after President Trump hosted the UAE’s national security adviser, Sheikh Tahnoon bin Zayed, and the heads of major UAE sovereign wealth funds and corporations for a meeting in the Oval Office earlier this week. Among the investments under the framework, the UAE investment fund ADQ and...

A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. The Dow Jones Industrial Average dropped 1,107 points, or 2.6% for its biggest decline of the year. The S&P 500 shed 3.4%, falling to the lowest level since September. The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4.8% for its biggest decline since September 2022. The S&P 500 is off by 9.1% from its all-time high reached Feb. 19, the...

EPA boss Lee Zeldin’s push to rescind the White House’s 2009 finding on greenhouse gases marks another great milestone on President Trump’s climate course correction. But it’s long past time for the entire West to admit it: The whole anti-carbon crusade declared in the 2015 Paris Climate Agreement has proved a disaster — wrecking economies and worsening lives without making a real difference on climate change. Here at home, the 2009 (Obama-era) “finding” declared that greenhouse gases endanger public health, and so provided a legal pretext for destructive “climate agenda” mandates on everything from power plants to cars to gas...

Iran has said it will carry out another military operation against Israel, according to state media agencies.Brigadier General Ali Fazli of Iran's Islamic Revolution Guard Corps (IRGC), said that a third operation against Israel, known as "True Promise III," will be carried out "on schedule."...On April 13, 2024, Iran launched a large-scale missile attack on Israeli targets, "True Promise I," marking Iran's first direct military engagement with Israel in decades. The strikes followed the April 1 Israeli bombing of Iran's diplomatic mission in Syria, which killed several Iranian officials and military officers.Iran expanded its operations with a second round of...

WASHINGTON, D.C. — Wyoming’s three federal lawmakers voted to get rid of oil and gas industry regulations as Congress this week took up a batch of measures pertaining to the energy sector. The House and Senate voted on Republican-sponsored joint resolutions to scrap environmental regulations established by former President Joe Biden’s administration. Republicans hold majorities in both chambers, and the various pro-oil measures advanced Tuesday and Thursday with little or no Democratic support. Meanwhile, on Wednesday in the Senate, Democrats brought to the floor a joint resolution aiming to overturn President Donald Trump’s declaration of an energy emergency. Republicans defeated...

After decades on the outs with environmentalists and regulators, nuclear power is being heralded as a key component for a “net zero” future of clean, reliable energy. Its promise is likely to fall short, however, due to some hard realities.As North America grapples with the challenge of providing secure, affordable, and sustainable energy amidst soaring electricity demand, it is time to accept this fact: Natural gas remains the most practical solution for powering our grid and economy.Nuclear power’s limitations are rooted in its costs, risks, and delays. Even under ideal circumstances, building or restarting a nuclear facility is arduous. Consider...