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On April 15, Biden’s Interior Department’s Bureau of Ocean Energy Management (BOEM) finalized a new rule requiring federal offshore oil and natural gas leaseholders to provide an estimated $6.9 billion in additional financial assurances to cover offshore decommissioning costs. The goal of the financial assurances is to limit the number of abandoned wells in the Gulf of Mexico’s Outer […]
Joe Biden and his Democrats have a plan for American energy: make it harder to produce and more expensive to purchase. Since Biden took office, his administration and Congressional Democrats have taken over 200 actions deliberately designed to make it harder to produce energy here in America. A list of those actions appears below. A […]
WASHINGTON DC (09/19/2023) – Gasoline prices are on the rise as Saudi Arabia and Russia have announced another round of production cuts. Meanwhile, President Biden and congressional Democrats are doubling down on their efforts to make energy harder to produce and more expensive to purchase in the United States. The Biden administration claims it wants […]
Joe Biden and his Democrats have a plan for American energy: make it harder to produce and more expensive to purchase. Since Biden took office, his administration and Congressional Democrats have taken over 175 actions deliberately designed to make it harder to produce energy here in America. A list of those actions appears below. A […]
The Biden White House is worried about gas prices now that a number of states have prices over $4 a gallon. Because high gas prices agitate voters, the White House is in discussion with Venezuela again to get Maduro to agree to run “free elections” in return for removing oil sanctions that would put more […]
California, the seventh-largest U.S. oil producer, has put a near halt on issuing permits for new oil and gas drilling this year. The state’s Geologic Energy Management Division has approved seven new active drilling well permits in the first half of 2023, which compares with over 200 it had issued by this time last year. The […]
Joe Biden and congressional Democrats have a plan for American energy: make it harder to produce and more expensive to purchase. Since Biden took office, his administration and Congressional Democrats have taken over 150 actions deliberately designed to make it harder to produce energy here in America. A list of those actions appears below. A […]
The Organization of Petroleum Exporting Countries (OPEC) and fellow oil-producing allies (OPEC+) are back in the driver’s seat as U.S. shale oil is no longer the marginal fuel due to President Joe Biden’s anti-oil and gas policies. Brent oil jumped to $85 a barrel since members of OPEC+ including Russia announced production cuts of 1.16 million barrels per day on […]
The Biden administration announced major restrictions on offshore oil leasing in the Arctic Ocean and across Alaska’s North Slope supposedly to temper criticism from environmentalists over a pending decision on an oil drilling project in Alaska’s National Petroleum Reserve known as Willow and to form a “firewall” to limit future oil leases in the region. The […]
AEA’s sister organization, The Institute for Energy Research, has released a new report comparing the environmental quality of the major oil-producing countries. For many years there has been a political movement centered in North America and Europe seeking to halt oil and gas production in the countries of those regions. Proponents claim this effort is […]