Energy
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Texas oil and gas industry again reports job losses in February
Texas’ overall job numbers were down in February, nonfarm jobs were down by 8,500 over the month, according to BLS data, The Center Square reported.
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U.S. Supreme Court slaps down Chevron oil lawsuit
The case, Chevron v. Plaquemines Parish, questions to what extent a state court can litigate against an oil company for its production of oil even if it is for federal purposes.
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Oil prices fall as Trump, Iran say Strait of Hormuz is 'fully open'
The Islamic Republic of Iran announced the reopening of the strait, crediting the ceasefire in Lebanon with Israel.
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Sanders and AOC have data centers in crosshairs, but research raises doubts about their criticisms
While data centers are accused of driving up electricity costs, a study by the Institute for Energy Research found no correlation between the number of data centers in a state and electricity rates. It also found that the more demand for electricity grew in a state, the lower its electricity rates. AOC and Bernie Sanders don't seem to get that.
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Wisconsin committee asks AG Kaul to stop use of privately funded attorneys
Senate President Mary Felzkowski, R-Tomahawk, said that the attorneys had salary and benefits paid by the Michael Bloomberg-funded New York University State Energy & Environmental Impact Center.
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Chevron denies conspiracy to increase Calif. gas prices
“Plaintiffs’ conspiracy theory also fails because it is nonsensical. If the goal was to conspiratorially increase prices, Defendants could have just raised their prices—there is no need for the convoluted, roundabout mechanism Plaintiffs invent here.”
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Consumers Energy rate hike approved, bills set to rise in May
The Michigan Public Service Commission approved a rate hike for Consumers Energy that will allow the utility to collect an additional $276.6 million in revenue from its electricity customers.
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Gas prices reach $4 a gallon for first time in US since August 2022 amid Iran war
Gas prices have increased more than a dollar per gallon over the last month
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Iran strike sets loaded oil tanker ablaze in Dubai
The attack, which came despite stepped-up security, comes with oil prices already settling above $100 per barrel, nearly double the price in January
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Europe’s climate policies offer no relief for gas prices, as oil-rich U.S. is somewhat shielded
North America produces almost all the oil it needs to supply itself, but Europe mostly passed on investments in oil and gas development. Now, as petroleum supplies from the Middle East get cut off, the flaw in green policies is becoming apparent.
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U.S. Supreme Court denies Michigan pipeline case
The Sixth Circuit Court of Appeals allowed Enbridge Energy's lawsuit against the state policy to continue. Whitmer argued Michigan has a right to decide how its public lands can be used and should be allowed to revoke the company's pipeline access.
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Trump changes strategy on Cuba energy embargo, to allow Russian tanker to dock
Three months after establishing a crippling energy blockade, Trump said he has "no problem" with countries sending Cuba oil
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As offshore wind projects begin operations, cause of Vineyard Wind blade incident remains unknown
It's been 20 months since a blade broke off the Vineyard Wind offshore wind project, and residents whose beaches were littered with potentially toxic debris still don't have any answers. The Bureau of Safety and Environmental Enforcement says it's still working on its investigation.