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President Biden’s Department of Interior released its draft offshore lease plan late on  July 1—just before the Fourth of July holiday, as American families were paying historically-high gasoline prices for their travels.  The plan is required by law and a final plan was due by June 30, when the current plan ended. The draft plan lays out several options for public input regarding the number of offshore oil and gas lease sales that should be held over the next five years, ranging from ...

Russian natural gas supply to Europe via the Nord Stream 1 pipeline capacity fell to 40 percent recently as Russia cut flows awaiting the return of equipment sent to Canada for repair and warns that more delays in repairs could lead to cutting all flows, putting additional strain on Europe’s ability to refill its natural gas inventories and raising prices by 40 percent . Gazprom, the state-controlled gas company, indicated that Western sanctions made it impossible to secure the return...

The Energy Information Administration (EIA) forecasts that nine new fields will come online in the deep waters of the Gulf of Mexico this year, which will account for 5 percent of natural gas production and 14 percent of oil production in U.S. federal Gulf of Mexico waters by the end of 2023 . However, EIA expects that the additional capacity from these new fields will not sustain oil production at levels similar to the end of 2021 in offshore fields. According to EIA, declining production...

Between August 2021 and February 2022, President Biden’s Bureau of Land Management’s approval of drilling permits was low, averaging about 200 per month. After Russia invaded Ukraine, however, the approvals picked up with 473 approved in March and 357 approved in April. Those approvals were still much less than the 600+ approved in April and May 2021. And, there is still a large number of pending permits: over 4,400. Biden’s call on U.S. oil and gas producers to drill more — and his...

Monday, June 27, AEA president Tom Pyle joined Stuart Varney on Fox Business to discuss the Biden administration's refusal to embrace energy realism. Watch the video below to see Tom call out Biden for chasing the "green dream" even while scaring away investments in reliable, affordable sources of energy.

Follow Tom on Twitter for his latest on America's energy policy.

President Biden is grasping at straws to reduce gasoline prices because he refuses to let the American people have access to oil and gas on their lands or modify regulations to encourage new refineries to be built. Instead, he has asked Congress to pass a gasoline tax holiday lifting the 18.4 cent federal tax on a gallon of gasoline and the 24.4 cent tax on a gallon of diesel  through the end of September, which he hopes will make Americans vote for his favored people this November. Biden...

Over a dozen battery storage projects  that were meant to support intermittent renewable energy supplies have been postponed, canceled or renegotiated due to labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry. The delays, ranging from several months to a year, are in a number of states including California, Hawaii and Georgia, with battery providers Tesla and Fluence warning of disruptions to supply. The battery projects are needed to...

Many leading Democrats in Congress, including Rep. Rho Khanna, ran for office promising to end domestic production of natural gas, oil, & coal. Back in October of last year, he praised oil companies for decreasing oil production in Europe and asked if they were embarrassed because they were increasing production in the United States. 

Now Rep. Rho Khanna is singing a different tune and wants to make sure everyone knows that he now wants to distinguish between the long-term and the...

China is surpassing the United States this year as the world’s largest refiner as government climate goals and regulation cause U.S. refiners to close facilities. China is expected to have 18.81 million barrels per day of refining capacity while the United States has 17.7 million barrels per day of operating refinery capacity and about 0.4 million barrels per day of idled capacity. While additional refinery closures  are expected in the United States, China is expected to add capacity,...

Together, China and India are planning to increase their domestic coal production by a total of 700 million tons per year. That increase is about 100 million tons more than the total coal production expected in the United States this year of 600 million tons. U.S. coal production today is about half of its high in 2008 of 1.17 billion tons. In 2021, however, coal production increased due to increased demand from rising natural gas prices and increased exports. U.S. coal exports  increased 23...