Commentary: Magical Thinking Meets the Inconvenient Realities of the ‘New Energy Economy’

by Mark P. Mills   A week doesn’t pass without a mayor, governor, policymaker or pundit joining the rush to demand, or predict, an energy future that is entirely based on wind/solar and batteries, freed from the “burden” of the hydrocarbons that have fueled societies for centuries. Regardless of one’s…

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More Local Governments in Colorado Pass Moratoriums on Oil and Gas Development Because of New Regulations

by Derek Draplin   Berthoud and Broomfield are the latest local governments in Colorado to implement a moratorium on oil and gas development following passage of new industry regulations signed into law last month. The Colorado Oil and Gas Conservation Commission, the state’s regulatory body, issued “objective criteria” that will require…

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Oil Markets Shrug Off Venezuela’s Political Unrest Thanks to U.S. Energy Boom

by Michael Bastach   When Juan Guaido launched his coup attempt, oil markets didn’t do what they typically do in the face of supply threats. Instead, markets largely shrugged off Venezuelan unrest instead of sending prices soaring. That’s because of two factors: mismanagement by Venezuela’s socialist government and the U.S. energy boom.…

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Gavin Newsom Under Pressure to End Drilling as California’s Reliance on Saudi Oil Soars

by Michael Bastasch   Environmentalists are optimistic Democratic California Gov. Gavin Newsom will further restrict, or even end, oil and gas drilling, despite his state’s increasing reliance on oil shipped from abroad. So-called “keep it in the ground” activists want to see Newsom ban new oil and gas leases, but…

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Nine States Back Environmentalists Trying to Shutdown Search for Oil in Atlantic

by Tim Pearce   Nine states are intervening in a lawsuit against the Trump administration for approving oil and gas companies to search for oil and gas deposits in the Atlantic Ocean. Maryland Attorney General Brian Frosh announced Thursday the states would join environmental groups in a lawsuit to prevent the Trump…

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Enviros File Lawsuits to Stop Trump’s Approval of Surveys for Oil Deposits

by Chris White   Environmental groups are suing to prevent the Trump administration from approving seismic survey testing for oil and gas reserves off the South Carolina coast. Oceana and the Sierra Club argued in legal filings Tuesday that the Commerce Department’s approval of seismic testing violates the Endangered Species…

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