World’s Largest Economies Are Still Spending Big On Oil & Gas

World’s Largest Economies Are Still Spending Big On Oil & Gas

Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across the group, since the start of the pandemic, governments had pledged at least $160.95 billion in fossil fuel investments, versus $123.75 billion in renewable energy […]

The Value of U.S. Energy Dominance

The Value of U.S. Energy Dominance

The Trump Administration’s focus on deregulation and innovation has taken energy dominance to new levels. Innovations in this sector benefit Americans by boosting productivity and reducing energy prices for consumers, and has just in the last year led America to become a net exporter of petroleum (crude oil and refined) products for the first time […]

Canada working with U.S. to advance pipeline plans

Canada working with U.S. to advance pipeline plans

Canada’s Natural Resources Minister Seamus O’Regan said he’s in talks with the U.S. Secretary of Energy Dan Brouillette about finding a path to move ahead with oil pipeline projects, the Globe & Mail reported. “He’s somebody who’s been in the energy business and with the energy department for quite some time. He does have that […]

Trump to revamp environmental law in bid to fast track pipelines, roads

Trump to revamp environmental law in bid to fast track pipelines, roads

President Donald Trump is expected to announce his final plans to expedite permitting for major infrastructure like oil pipelines and road expansions in Atlanta on Wednesday, a move that environmentalists say will bypass public input. The proposal to update how the 50-year old bedrock National Environmental Protection Act (NEPA) is implemented is part of Trump’s […]

Oil Prices Will Hit $50 Before The End Of The Year

Oil Prices Will Hit  Before The End Of The Year

Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On Friday, Brent closed at $42.19, up by 8.20 percent w/w, while WTI closed at $39.75, up by 9.03 percent w/w. Furthermore, the 1-2 month Brent spread flipped into backwardation for the first […]