The modern world cannot survive and thrive without a productive petroleum industry

News Stories

Renewable energy company cuts down primary forest

Coletta Hodges (Oct 14, 2022)

A company that has received billions of pounds in green energy subsidies from UK taxpayers is cutting down environmentally-important forests, a BBC Panorama investigation has found.

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Why California is paying nearly 70% more for gasoline at the pump than the rest of the country

Richard Nader (Oct 14, 2022)

California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but an average price that’s nearly 70% more than most everyone else in the U.S. is a bit extreme.

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Executives Are Backing Away From ESG as Recession Risks Mount

Richard James (Oct 14, 2022)

Chief executive officers are putting a number of ESG goals on hold as they try to prepare their businesses for fallout from a possible recession, according to a study conducted by KPMG.

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Germany’s move away from coal comes with a twist

Debra White (Oct 14, 2022)

German energy company RWE said Tuesday it will abandon coal eight years earlier than planned, but it will have to extend the life of other plants to the consternation of climate advocates.

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U.S. gas at $4-$5 is a thing of the past, says Tellurian chairman

Cordis Magnus (Oct 14, 2022)

 The chairman of liquefied natural gas (LNG) company Tellurian Inc, Charif Souki, on Tuesday said that cheap U.S. gas is a thing of the past and the only solution for Europe's energy crisis is to invest in U.S. gas infrastructure.

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Oil industry implores Granholm to 'disavow' export limits after bitter meeting

Coletta Hodges (Oct 14, 2022)

The oil industry is imploring Energy Secretary Jennifer Granholm to forswear limiting petroleum exports as the Biden administration tries to bring down consumer fuel costs or else risk sending prices higher.

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Biden continues his economic assault on the states

Richard Nader (Oct 14, 2022)

In an effort to boost its policies and chart a path to the future ahead of the November midterm elections, the White House released the Biden-Harris Economic Blueprint. The 58-page document showcases a five-part plan that will build on “historic legislative successes” and “executive actions” that the administration claims have rebuilt the economy “now and for years ahead.”

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Bank regulators eye climate risk scenarios, drawing GOP criticism

Richard James (Oct 14, 2022)

Federal regulators are warming to scenario analysis as an emerging tool to evaluate financial institutions’ vulnerability to climate risk, drawing criticism from at least one Senate Republican.

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EVs Are Too Heavy for Current Road Weight Limits, Car Haulers Say

Debra White (Oct 14, 2022)

Per a standard set in 1975, haulers are restricted to 80,000 pounds gross vehicle weight. The industry wants that upped to 88,000 pounds.

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Battling fires from water-damaged EVs 'ties up resources' in Hurricane Ian recovery, Florida fire dept says

Cordis Magnus (Oct 14, 2022)

Fire department officials across Southwest Florida are urging electric vehicle owners to take action after multiple EVs caught fire due to water damage from Hurricane Ian – a hazard costing emergency services precious time in recovery efforts.

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Newsom to call special session to impose tax on oil companies’ profits amid record gas prices

Coletta Hodges (Oct 14, 2022)

Policymakers should be focused on increasing energy supply and reducing costs for Americans,” he said. “Imposing new taxes on our industry will do the exact opposite and only discourage investment at a time when it’s needed most.

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New Zealand proposes taxing cow burps, angering farmers

Richard James (Oct 14, 2022)

New Zealand's government on Tuesday proposed taxing the greenhouse gasses that farm animals make from burping and peeing as part of a plan to tackle climate change.

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