America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.
A federal judge in Louisiana has blocked President Joe Biden’s suspension of new oil and gas leases on federal land and water, delivering a setback to the administration’s efforts to clamp down on fossil fuels.
The US oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems.
Special Presidential Envoy for Climate John Kerry owned shares of multiple oil and gas corporations prior to joining the White House, ethics filings show.
While experts say the current gas price spike is mostly driven by demand recovering faster than the winter storm-squeezed supply, others warn “hostile” White House policies are likely to drive them even higher in the long term.
