IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would … Read more

Former Trump energy secretary says releasing oil from reserves is ‘bad policy choice’

Oil wells pumping outside of Midland Texas. Joe Sohm | Visions of America | Universal Images Group | Getty Images The Biden administration’s decision to release oil from U.S. reserves is a “mistake,” former U.S. Energy Secretary Dan Brouillette told on Wednesday. “I do think it’s a bad policy choice. There’s no question about that,” … Read more

U.S. official says Russia ‘took advantage’ of Europe’s energy crisis

Russia did not cause Europe’s energy crisis — but it didn’t help, and instead tried to benefit from the situation, according to Amos Hochstein, the U.S. State Department’s senior advisor for global energy security. “It sure didn’t do anything that it could to alleviate [the energy crunch], and in fact, took advantage of it,” Hochstein … Read more

Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards

Members of the environmental group MilieuDefensie celebrate the verdict of the Dutch environmental organisation’s case against Royal Dutch Shell Plc, outside the Palace of Justice courthouse in The Hague, Netherlands, on Wednesday, May 26, 2021. Shell was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to … Read more

Investors want Exxon Mobil to pivot. Here’s the oil giant’s new playbook

Oil giant Exxon Mobil, once the most valuable company in the U.S., is fighting for its future. Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage. Carbon capture is the process of capturing CO2 … Read more

Trump’s former energy secretary claims Biden’s policies could lead to ‘disaster’

Donald Trump’s former energy secretary on Sunday attacked the Biden administration’s energy policies, linking them to inflation and claiming that restrictions on the U.S. oil industry and rising costs at home could lead to “disaster.” Energy prices have leaped globally in the last three months. Natural gas has soared almost 600% this year, and international … Read more

Op-ed: Any path to confront climate change must include fossil fuels and messy global and local politics

              Forgive senior Saudi officials for their head-scratching in response to the simultaneous and contradictory demands from the Biden administration that Riyadh’s royals pump more oil into the world economy while reducing carbon emissions. In my travels over the last two weeks — first to Riyadh to hear Minister of Energy Prince Abdulaziz bin Salman … Read more

The U.S. energy secretary has a message for OPEC: Boost oil supply so people don’t get hurt this winter

U.S. Secretary of Energy Jennifer Granholm speaks during a press briefing at the White House in Washington, April 8, 2021. Kevin Lamarque | Reuters LONDON — U.S. Energy Secretary Jennifer Granholm has called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living. On Thursday, oil cartel OPEC and its allies … Read more

OPEC+ members likely to hold firm on slow oil output, despite international pressure

Oil pumping jacks, also known as “nodding donkeys,” operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices have hit their highest levels since 2014, and crude importing countries are feeling the pain. But despite diplomatic pressure, OPEC and its allies are unlikely … Read more

Joe Manchin’s former aides lobbied Congress for oil, gas and pharma while he fought to shrink Biden’s economic plans

Sen. Joe Manchin has been working to shrink or eliminate key elements of President Joe Biden and the Democratic Party’s massive social spending and climate proposal as several of his former advisors lobby Congress for their corporate clients. Manchin, the moderate West Virginia Democrat, has at least six former aides and advisors lobbying members of … Read more