News of the Day:   Manchin Comes Out against Biden Infrastructure Bill OIL U.S. oil rig count climbs, signaling revival from pandemic lowsBen Geman, Axios, April 5,2021 The number of U.S. oil drilling rigs in operation last week climbed by 13 to reach 337, Baker Hughes data shows. Why it matters: It’s the highest in nearly a year and, as Reuters notes, the … read more

OIL New oil discovery in National Petroleum Reserve-Alaska points to larger potentialS & P Global Platts, March 31, 2021 Could mean oil-bearing Nanushuk formation larger than believedInitial data indicates presence of light, high-quality oil  Anchorage — Australian independent 88 Energy has made an apparent oil discovery with its Merlin-1 exploration well in the southeast National Petroleum Reserve-Alaska, or NPR-A, and … read more

News of the Day:  Here Come the Biden TaxesEditorial Board, The Wall Street Journal, March 31, 2021 So much for the illusion of cost-free spending blowouts. The bill for President Biden’s agenda is coming due, starting with Wednesday’s proposal for the largest corporate tax increase in decades. Can we finally drop the pretense that any of this is moderate or … read more