Biden

U.S. Looking to Strengthen Electric Power Grid with $3.5B Investment

U.S. Looking to Strengthen Electric Power Grid with $3.5B Investment

The United States plans to invest around $3.5 billion in 58 projects across 44 states to strengthen electric grid resilience and reliability as new energy resources are added. “Extreme weather events fueled by climate change will continue to strain the nation’s aging transmission systems, but President Biden’s Investing in America agenda will ensure America’s power…

October 24, 2023
Wyoming Nets $13.2M for Oil, Natural Gas Leases in Powder River, Green River

Wyoming Nets $13.2M for Oil, Natural Gas Leases in Powder River, Green River

The latest Wyoming oil and natural gas lease sale garnered $13.2 million for more than 35,700 acres in the Powder River and Green River basins, and at least two more quarterly lease sales are planned.  The Bureau of Land Management (BLM) offered 81 parcels in the quarterly sale, with 53 sold. The highest bid per…

September 11, 2023
White House Methane Task Force to Target Oil, Natural Gas Emissions

White House Methane Task Force to Target Oil, Natural Gas Emissions

The Biden administration has created a new cabinet-level Methane Task Force to accelerate emissions reductions from the oil and gas industry. The announcement was part of the first-ever White House Methane Summit held last week. Methane, the primary component of natural gas, is a potent greenhouse gas with 80 times the near-term warming potential of…

August 1, 2023
MVP ‘Grateful’ for Debt Deal Assist, Looking Toward 2023 Completion

MVP ‘Grateful’ for Debt Deal Assist, Looking Toward 2023 Completion

Mountain Valley Pipeline LLC (MVP) developers expect to have the long-delayed and oft-challenged natural gas pipeline in service by the end of this year thanks to a major assist from provisions included in the bipartisan debt ceiling deal signed by President Biden. The Fiscal Responsibility Act, negotiated between the Biden administration and lawmakers, and signed…

June 5, 2023
‘We Are Going to Need Oil…At Least Another Decade,’ Biden Says

‘We Are Going to Need Oil…At Least Another Decade,’ Biden Says

President Biden, who has championed a zero-carbon emissions future, on Tuesday acknowledged that the United States would need oil and natural gas for at least another decade. However, his silence on exploration and production permitting reform was deafening for some politicos and industry groups. The comments were not part of the prepared remarks in the…

February 8, 2023
Western Groups and Wyoming Again Challenge Lack of Oil, Natural Gas Auctions by Biden Administration

Western Groups and Wyoming Again Challenge Lack of Oil, Natural Gas Auctions by Biden Administration

The Biden administration’s pause in conducting oil and natural gas lease sales on federal land is drawing more legal challenges, as plaintiffs argue that the lack of third quarter auctions was illegal. The Petroleum Association of Wyoming (PAW) and the Western Energy Alliance (WEA) this week filed a lawsuit against the Department of Interior (DOI)…

December 9, 2022
Eversource CEO Urges Biden to Waive Jones Act as New England Facing Possible ‘Severe Natural Gas Shortage’

Eversource CEO Urges Biden to Waive Jones Act as New England Facing Possible ‘Severe Natural Gas Shortage’

The CEO for New England’s largest utility, Eversource Energy, called on President Biden in a letter last week to enact federal emergency orders to “swiftly address the growing concerns” of New England’s access, or lack thereof, to natural gas this winter heating season.  New England, which lacks the natural gas pipeline infrastructure to fill out…

November 7, 2022
Citing ‘Windfall of War’ and Record Profits, Biden Floats New Tax on Natural Gas, Oil Majors

Citing ‘Windfall of War’ and Record Profits, Biden Floats New Tax on Natural Gas, Oil Majors

Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…

November 4, 2022
Shock OPEC-Plus Production Cut Galvanizes Fresh Support for Bill Targeting Cartel Price Fixing

Shock OPEC-Plus Production Cut Galvanizes Fresh Support for Bill Targeting Cartel Price Fixing

The consortium of oil-producing countries known as OPEC-Plus spurred rare bipartisanship in the U.S. capital after the cartel said it would slash crude production. The group said last week its decision to cut output by 2 million b/d in November was in response to global recessionary headwinds and threats to demand. But Washington lawmakers on…

October 10, 2022
Automotive Industry Led Clean Energy Job Comeback in 2021

Automotive Industry Led Clean Energy Job Comeback in 2021

While 2021 saw fossil fuels jobs decline by more than 35,000, the clean energy and clean vehicle subsectors regained about 156,000 positions, according to a report from climate advocacy group Environmental Entrepreneurs (E2). In its Clean Jobs America 2022 report, E2 found that 50% of new energy jobs were in clean energy-related sectors, including solar,…

August 22, 2022
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