Friday Fact Check: The 1-million-barrel goal clarified for legislators who ask.

In News by wp_sysadmin

A frequent question in house finance this session has been “why hasn’t SB 21 resulted in 1 million barrels in TAPS?”   The questions have been asked repeatedly, since 2014, and answered as many times. We provide the background and the answer for our readers and legislators.   During the Parnell administration, the TAPS throughput decline was the most urgent and critical … read more

Biden ignores tribe in caribou decision. Greening of US oil industry in overdrive!

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OIL Oil Surges After OPEC+ Agrees to Keep Oil Output UnchangedAndres Guerra Luz and Alex Longley, Yahoo Finance!, March 4, 2021 Oil surged to the highest in more than a year after the OPEC+ alliance surprised traders with its decision to keep production unchanged, signaling the potential of an even tighter market next month. Futures climbed more than 5% in … read more

Kerry to industry “read the tea leaves.” Industry to Kerry “you need us.”

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OIL From the Washington Examiner, Daily on Energy: KERRY AT CERAWEEK: President Biden’s climate envoy John Kerry warned oil and gas executives today to “read the tea leaves” and reorient their businesses away from fossil fuels. “There are some companies moving more aggressively to make that transition,” Kerry said during a virtual appearance at CERAWeek by IHS Markit, the world’s … read more