gas Archives - The Michigan Star

Biden Admin Looks to Open Up 31 Million Acres for Solar After Locking Up Oil, Gas in Huge Swath of Alaska

September 1, 2024August 31, 2024 Daily Caller News Foundation

The Biden administration proposed to open up tens of millions of acres of public lands to solar development on Thursday after cementing restrictions on oil and gas activity across large swaths of Alaska.

The Bureau of Land Management (BLM) rolled out its proposed “Western Solar Plan,” which would put approximately 31 million acres across 11 western states on the table for possible solar development. The agency’s solar plan comes on the heels of its Tuesday announcement that it had finalized protections for 28 million acres of public land in Alaska that will effectively prohibit oil and gas activity on that acreage.

U.S. Oil, Gas Hit Record Production Despite Opposition from OPEC, Activists, and Biden Administration

July 27, 2024July 26, 2024 Just the News

The United States is producing more oil now than any nation in the world has ever produced. In 2008, the U.S. produced only 5 million barrels of oil a day. Last year, the country produced 13 million barrels daily.

The United States’ record-breaking production is often used to knock back the argument President Joe Biden’s energy policy aims to minimize domestic fuel fuel production – to cut carbon emission and make way for more renewable energy.

Commentary: The Consequences of Delaying Offshore Oil and Gas Lease Sales

June 4, 2024 RealClearWire

Offshore drilling has been a cornerstone of global energy production since the 1800s, fueling the American way of life and powering the global economy. From the early days of “on-water-drilling” to the advancement of the fixed platform units of today, offshore drilling has consistently contributed around 30 percent of global oil production. In the U.S., supply on federal offshore lands in the Gulf of Mexico alone accounts for approximately 15 percent of total crude oil production.

Commentary: The Delusions of Davos and Dubai Surrounding Wind and Solar Energy

February 1, 2024 Michigan Star Staff

In the most recent “Conference of the Parties,” otherwise known as the United Nations extravaganza that convenes every few years for world leaders to discuss the climate crisis, several goals were publicly proclaimed. Notable were the goals to triple production of renewable energy by 2030 and triple production of nuclear energy by 2050. Against the backdrop of current global energy production by fuel type, and as quantified in Part One, against a goal of increasing total energy production from 600 exajoules in 2022 to at least 1,000 exajoules by 2050, where does COP 28’s goals put the world’s energy economy? How much will production of renewable energy have to increase?

To answer this question, it is necessary to recognize and account for the fact that most renewable energy takes the form of electricity, generated through wind, solar, or geothermal sources. And when measuring how much the base of renewables installed so far will contribute to the target of 1,000 exajoules of energy production per year in order to realize—best-case scenario—800 exajoules of energy services, the data reported in the Statistical Review of Global Energy is profoundly misleading.

Commentary: America Must Lead on Oil and Gas

November 19, 2023November 19, 2023 Michigan Star Staff

Fifty years ago this week, legislation authorizing construction of the Trans-Alaska Pipeline passed both houses of Congress and was signed into law by President Richard Nixon.

The whole process took all of five days.

Gas Guru Predicts Massive Price Increase at the Pump

October 7, 2022October 6, 2022 Michigan Star Staff

Recent production cuts by OPEC are predicted to raise gas prices by 15 to 30 cents, according to energy analyst Patrick De Haan.

De Haan’s prediction, if accurate, will leave gas prices at an estimated $3.95 to $4.10 per gallon, according to U.S. gas averages recorded by AAA. While current gas prices are not directly tied to oil supply on a day-to-day basis, the dwindling gas supply in America will eventually feel a ripple effect as the oil supply continues to be reduced.

Top 10 Tough Votes Democrats Had to Take During Vote-a-Rama for Massive Spending Bill

August 10, 2022August 10, 2022 Michigan Star Staff

During a “vote-a-rama” on their $739 billion reconciliation spending bill that has hundreds of billions for climate and health care programs, Democratic senators had to take a series of uncomfortable votes on hot-button issues — particularly tough for those representing swing states.

The bill, which also includes federal funding for 87,000 new IRS agents, passed on a party line vote 51-50 with Vice President Kamala Harris breaking the tie.

Survey: A Third of U.S. Small Businesses Can’t Pay Rent Because of Inflation

July 5, 2022July 4, 2022 The Center Square

More than a third of small businesses can’t pay rent, newly released data shows.

The small business network Alignable released new survey results that found that 35% of U.S. small business owners “could not pay their rent in full or on time in June.”

Eco Activists Sue to Stop U.S. Oil and Gas Lease Sales

July 5, 2022July 4, 2022 Admin

Environmental groups sued the Interior Department Tuesday to challenge the first oil and gas lease sale on public lands during the Biden administration.

A coalition of environmental groups led by Dakota Resource Council filed a lawsuit in in the U.S. District Court for the District of Columbia, alleging that the sales violate the Federal Land Policy and Management Act, which requires that the Interior Department prevent “unnecessary or undue degradation” of public lands.

Biden Admin Considers Banning All Offshore Drilling as Energy Crisis Worsens: Report

June 25, 2022June 24, 2022 Michigan Star Staff

The Biden administration is mulling the prospect of banning new American offshore oil and natural gas drilling projects as fuel prices continue to spike, The New York Times reported Thursday.

The Interior Department’s Bureau of Ocean Energy Management, working closely with the White House to shape policy, will release its drafted five-year plan for new oil and gas drilling leases in federal waters to Congress by June 30, according to The New York Times, citing people familiar with the matter. The administration is likely to stop new offshore drilling projects in the Atlantic and the Pacific, and is considering whether to end leasing in the Arctic and Gulf of Mexico.

Average U.S. Gas Price Surges to $4.85 a Gallon

June 6, 2022June 5, 2022 The Center Square

In what has become a seemingly every day occurrence, gas prices rose to a new record high Sunday as the national average approaches $5 a gallon.

Nine states already have surpassed the $5 threshold, and several others are just pennies away.

According to AAA, the average cost of a gallon of regular gasoline reached $4.85 Sunday, up an additional three cents from Saturday and 24 cents from last week.

‘Gasoline Misery Index’ Details Direct Impact of Record-High Gas Prices

April 9, 2022April 8, 2022 Cooper Moran

The “Gasoline Misery Index” from the Metro Business Daily Network details the direct impact record-high gas prices have had on consumers across the United States.

Since President Joe Biden took office, prices of gas and other goods and services have continued to increase, as many peaked after Russia’s invasion of Ukraine.

California May Give Up to $800 to Each Car Owner for Gas

March 28, 2022March 27, 2022 Admin

In California, the state government is considering multiple options to provide relief for car owners who have to face the highest fuel prices in the nation, including handouts of up to $800 per person.

According to ABC News, Governor Gavin Newsom (D-Calif.) announced on Wednesday a new proposal to combat rising gas prices. In addition to giving out debit cards with as much as $400 for each vehicle, up to two vehicles per person, the proposal includes a tax break, free rides on public transit, and efforts to promote alternative methods of transportation.

Michigan Lawmaker: Slashing Gas Sales Tax ‘a Requirement, Not an Option’

March 27, 2022March 26, 2022 The Center Square

Suspension of Michigan’s 6% sales tax on gasoline through March 1, 2023 has been proposed by Senate Minority Leader Jim Ananich.

The bill is in response to record gas prices caused by inflation and international conflict that brought trade restrictions. Gas prices, less than $3 a gallon just over a year ago, have soared past $4 per gallon.

Janet Yellen Defends Sustainable Investing Craze That’s Trying to End U.S. Oil and Gas Drilling

March 26, 2022March 25, 2022 Michigan Star Staff

Treasury Secretary Janet Yellen defended sustainable investing practices and climate change policies that have negatively impacted U.S. oil and gas drilling in an interview Friday.

“I don’t think that the ESG movement and the emphasis on climate change is creating the problems that we have,” Yellen told CNBC’s “Squawk Box” on Friday morning when asked if investors need to rethink their stance on fossil fuels. “If anything, the problem is that we haven’t moved as rapidly as we should have.”

Biden Administration Backtracks on Media Reports Signaling Oil, Gas Leasing Resumption

March 22, 2022March 22, 2022 Admin

The Biden administration backtracked on reports that it is resuming the federal oil and gas leasing program in light of a recent appeals court decision.

On Friday, Reuters reported that the Department of the Interior (DOI), the agency tasked with overseeing the leasing program, was planning to resume the previously-delayed program. But a DOI spokesperson pushed back on the report, saying it overstated the administration’s position that it would begin planning the next steps, not that it had already resumed the program.

Gov. Whitmer Vetoes $2.5 Billion in Tax Relief

March 22, 2022March 21, 2022 The Center Square

Gov. Gretchen Whitmer vetoed a GOP bill that aimed to provide $2.5 billion in tax breaks by dropping the personal income tax rate from 4.25% to 3.9%, saying it would blow a “hole” in her $74 billion budget.

“It would force tax hikes on families or deep and painful cuts to services, hurt our children’s ability to catch up in school, force layoffs of cops and firefighters, and kneecap our ability to keep fixing crumbling roads,” Whitmer wrote in her veto letter.

Commentary: All of Joe Biden’s Multitude of Failures Were Foreseeable in 2020

March 19, 2022 Admin

Every single one of senile president Joe Biden’s struggles was easily foreseeable.

It’s a bold statement, since many if not most of the issues that confront a new president can’t always be seen from a distance. If it can be said that elections are always about the future, it’s just as true to claim that the future would almost certainly be shaped by yet unseen events and circumstances that no politician could forthrightly discuss in the lead-up to his victory.

Commentary: Net-Zero and ESG Are Worsening the Energy Crisis – and Weakening the West

March 19, 2022 RealClearWire

The day after President Biden announced that the United States would ban imports of Russian oil and gas, a group of eleven powerful European investment funds that includes Amundi, Europe’s largest asset manager, outlined plans to force Credit Suisse, Switzerland’s second largest bank, to cut its lending to oil and gas companies. The juxtaposition of these two events dramatizes the fundamental disunity of the West. At the same time as the Biden administration is sanctioning Russian oil and gas producers, Western investors are sanctioning Western ones. Under the banner of ESG (environmental, social and governance) investing, the West’s capital is being deployed to create an artificial shortage of oil and gas produced by its companies and reward non-Western oil and gas producers such as Russia and Iran with higher prices. In doing so, the West is undermining its own security interests.

Before Russia’s invasion of Ukraine, energy markets were already extremely tight. In the past, high oil and gas prices stimulated a supply-side response leading to increased output and to prices falling back. This relationship has broken down. According to analysts at JP Morgan, capital spending by S&P Global 1200 energy companies peaked in 2015 at just over $400 billion and shrank to around $120 billion last year – less than half its previous trough of $250 billion in the aftermath of the 2008 financial crisis, even though global demand is now around 15% higher than it was then.

Russia Reverses Gas Flow via Key Pipeline Serving Europe

March 16, 2022March 15, 2022 Michigan Star Staff

Part of a key pipeline transporting natural gas from Russia to Europe suddenly reversed its flow direction Tuesday, Reuters reported.

Flows in the Yamal-Europe pipeline, which sends natural gas to Germany via Poland, were recorded going eastward away from Europe on Tuesday morning, data from the European firm Gascade showed, Reuters reported, citing data from German network operator Gascade. Flows leaving Germany were moving at a whopping 4.3 million kilowatt-hours per hour at one section of the pipeline.

Commentary: Five Facts on the Russian Oil Import Ban

March 14, 2022March 14, 2022 RealClearWire

1. Oil and gas proceeds fund more than one-third of the entire Russian federal budget.

Russia produces 12% of the world’s oil. Its economy is strongly dependent on its publicly owned oil and gas sector — which employs about 2.5 million people, and generates an average of $191 million in revenue every day for the Kremlin.

Newt Gingrich Commentary: Biden Helping Dictators and Harming Americans

March 12, 2022March 12, 2022 Admin

When the Biden administration appeals to Iran, Venezuela, and Saudi Arabia for oil but rejects American and Canadian oil and gas production, there is something profoundly wrong.

Why does Joe Biden think dictators are better than Americans? Why send money to Iran instead of Oklahoma – or to Venezuela instead of Texas? If he wants to send money outside the United States, why not send money to Canada rather than Saudi Arabia?

Analysis: White House Keeps Misleading Public on Oil, Gas Leasing

March 9, 2022March 8, 2022 Michigan Star Staff

The White House has repeatedly suggested the private sector can boost oil supply amid surging gas prices, but industry groups have countered that the administration has placed hurdles for new drilling.

“There are 9,000 unused, approved drilling permits,” White House press secretary Jen Psaki told reporters Monday. “So I would suggest you ask the oil companies why they’re not using those if there’s a desire to drill more.”

Commentary: ‘Wokeness’ on Energy Is Weakness

March 8, 2022March 8, 2022 Admin

As Joe Biden’s approval numbers sink further into the sewer, the only thing he’s building back better is 1970s-style inflation. Up until Biden, most polls usually named Jimmy Carter as one of the weakest and most inept presidents we’ve ever had. That was until Biden showed up and said, “Hold my beer!” Which you have to know has brought so much joy to Carter. Heck, he probably has a set of “Let’s go Brandon!” PJs that he wears every night as he thanks God for the gift of Biden.

Fact is, this country is now being “led” by a man who absolutely will go down as one of the worst presidents in our history. In just over a year, Biden has brought inflation roaring back to levels not seen in 40 years, has destroyed our southern border as millions of illegal aliens, along with Chinese fentanyl, flood the country, and now we have been involved in two major international debacles with Afghanistan and Ukraine. The list could go on, but perhaps that’s too depressing.

Rest assured, however, it’s not going to get better. Biden is like the anti-Midas, turning everything he touches into crap.

Gas Prices Set to Skyrocket After Oil Soars Beyond $100 for the First Time Since 2014

February 25, 2022February 24, 2022 Michigan Star Staff

The worldwide price of crude oil skyrocketed to more than $100 per barrel for the first time since 2014 as Russia launched a full-scale offensive against Ukraine.

The Brent crude index, the global oil benchmark, hit $101.66 per barrel Thursday morning, surging more than 4% overnight. The U.S. WTI index skyrocketed nearly 7% to $98.69 per barrel Thursday, its highest level since 2014.

Commentary: Biden Is Making Russia Great Again

November 29, 2021March 17, 2022 Michigan Star Staff

Under former President Donald J. Trump, for the first time in decades, the United States became a net exporter of natural gas and oil. That helped to keep global energy prices relatively low. It also gave the United States leverage over the international system in ways it had not enjoyed since before the 1970s.

Alas, the propagation of the novel coronavirus from Wuhan, China, along with the ceaseless lies of the Western “mainstream” media made such a prosperous and secure future under Trump an impossibility.

In the eight months since assuming office under a cloud of controversy, Joe Biden has done more to harm America’s inherent strategic advantages in the global energy market than any U.S. rival could have imagined. Under Biden, the United States has gone from being a net exporter of global energy to begging the Organization of Petroleum Exporting Countries (OPEC) to produce more oil for the world to consume.

Biden Gears Up for Renewed Fight Against Oil and Gas

August 19, 2021August 18, 2021 The Center Square

A federal judge has ruled the Biden administration must resume allowing oil and gas leasing on federal land and waters, but the administration is saying it will not go down without a fight.

The Biden administration said it will appeal a court ruling allowing the leases, the latest development in a months-long battle between President Joe Biden and the oil and gas industry, even as gas prices continue to rise.

Gas Prices Hit Seven-Year High Ahead of July Fourth Weekend

July 1, 2021June 30, 2021 The Center Square

As Americans prepare to hit the road for Independence Day weekend, gas prices hit a seven-year high.

An expected 43.6 million Americans are set to hit the road this holiday weekend, and they’ll pay the most they have to fill up their tank since 2014, the American Automobile Association (AAA) says.

Federal Judge Orders Biden Administration to Halt Oil and Gas Leasing Ban

June 17, 2021June 16, 2021 Michigan Star Staff

A federal judge ordered the federal government to halt its ban on new oil and gas leases in a major setback for President Joe Biden’s administration.

Judge Terry Doughty, of the U.S. District Court for the Western District of Louisiana, granted a preliminary injunction that had been requested by a large coalition of Republican state attorneys general in an order released Tuesday evening. The Department of Interior is prohibited from enforcing the oil and gas leasing ban until the case is concluded, according to the order.

Gas Shortage and Price Hike Expected This Summer

May 11, 2021May 10, 2021 The Center Square

A gas shortage is expected this summer not because there won’t be enough fuel but because there aren’t enough highly trained and licensed tanker drivers to transport it.

Many tanker drivers retired last year after demand for oil and gas plummeted because fewer people were traveling during the height of the pandemic. And most driving schools where new drivers could have received their training were closed due to state-mandated shutdowns. The two factors combined is resulting in a shortage of roughly 25% of tanker truck drivers needed to transport fuel, says the National Tank Truck Carriers, the trade association representing the tanker truck industry.

California Gas Prices Reach High of $3.27 a Gallon, 66 Cents More Than National Average

February 5, 2021February 4, 2021 The Center Square

California gasoline prices reached the highest they’ve been since March 9, 2020, hitting $3.27 a gallon, according to a new gasoline benchmark published by the U.S. Energy Information Administration.

California gas prices are roughly 66 cents more than average price paid by consumers nationwide.

US Tries to Seize Iranian Gas Heading Toward Venezuela

July 3, 2020July 2, 2020 The Associated Press

U.S. federal prosecutors are seeking to seize four tankers sailing toward Venezuela with gasoline supplied by Iran, the latest attempt to disrupt ever-closer trade ties between the two heavily sanctioned anti-American allies.

The civil-forfeiture complaint filed late Wednesday in the District of Columbia federal court alleges that the sale was arranged by a businessman, Mahmoud Madanipour, with ties to Iran’s Revolutionary Guard Corps, a U.S.-designated foreign terrorist organization.

Michigan Refineries Warn of Fuel Shortages and Price Increases if Line 5 Closure Continues

June 30, 2020June 30, 2020 Michigan Star Staff

Shutting down the Line 5 pipeline through the Straits of Mackinac – even if only temporarily – will send adverse effects rippling throughout Michigan, other areas of the Midwest and, as well, Ontario and Quebec.

That’s according to not only Enbridge, which operates Line 5, but also the refineries that rely on the pipeline to supply the fuel provided to consumers at the fuel pump and such major customers as Detroit Metropolitan Airport.