Today’s Key Takeaways: Global oil demand surges to record levels. Oil industry wartime windfall dwindling. Another lawsuit from environmentalists against AKLNG. Montana climate ruling. NEWS OF THE DAY: Global oil demand hits record, and prices may climb, IEA saysBloomberg/Energywire, August 14, 2023 World fuel use averaged 103 million barrels a day for the first time in June, the organization said. Global oil demand … read more
High Court’s Water Ruling Provides Clarity…Or Not.Joseph Markman, Hart Energy, August 14, 2023 Murkiness remains for projects involving water, despite clarity from Supreme Court on the limits of EPA’s power. To be clear, the problem with the language in parts of the federal Clean Water Act (CWA) has been a lack of clarity. It goes like this: An oil and … read more
Today’s Key Takeaways: EIA raises U.S. oil production forecast. OPEC leaves global oil demand forecast unchanged. Australian labor strike threatened Global LNG exports. Latin lithium alliance coming? Wind power industry facing soaring costs. NEWS OF THE DAY: EIA hikes forecast for record U.S. oil productionBen LeFebvre, Energywire, August 9, 2023 The increases in oil production will likely keep the U.S. as the world’s … read more
