Tag: Independent Petroleum Association of America

Research Widely Cited to Support Pausing LNG Exports Riddled with Errors, Analysis Says

Just the News
Robert Howarth

At the beginning of this year, the Biden administration enacted a pause on liquified natural gas (LNG) permits. The policy created regulatory uncertainty in the industry, impacting jobs and billion-dollar investments.

The announcement of the policy followed a coordinated effort by activists at nonprofits and in academia, as well as dozens of Democratic members of congress, to hasten an energy transition away from fossil fuels by blocking exports of America’s abundant natural gas resources to countries abroad.

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Domestic Oil Production in U.S. Reached Record Levels

The Center Square
Oil Drilling

Domestic oil production in the U.S. reached a new record in November of 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration.

The previous record was 13.25 million barrels per day. That was set in September 2023.

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

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.

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