Hilcorp Alaska offers over $178,000 for Cook Inlet oil and gas leases
A Quest for Balance
Ole R. Hvalbye, Oil & Gas 360, June 18, 2020
In light of current sanctioned projects, US LNG supply is forecast to reach as much as 146 billion m3 (108 million t) of export capacity by 2026. This represents one of the largest global LNG investments to date, and even more capacity is expected to be sanctioned over the next few years. Rystad Energy forecasts that another 74 million t of new liquefaction capacity will be sanctioned in the medium-term in the US, driven by the significant supply potential from the country’s low-cost shale basins, which would position the US as the global leader in the LNG market.
Researchers develop metal eating robots
Rose Ragdale, MetalTechNews, June 17, 2020
Mankind’s use of minerals has evolved over the eons hand-in-hand with innovation. From the first crude fire starters and simple machines to the evolving wonders of the Information Age, human beings have looked to rocks and the minerals within them for the building blocks of technological advancement. Now comes an innovation that could change everything, especially for electronics that require their own power sources.
Failing Cities and States use Climate Change Lawsuits as Fiscal Escape Hatch
Craig Richardson, Real Clear Energy, June 16, 2020
Cities and states are suing energy companies in a desperate attempt to erase their poor spending choices. Local officials argue oil and gas companies contribute to climate change and must be held accountable, but beneath this façade, leftist politicians are trying to win the lawsuit lottery to stave off fiscal insolvency. Government officials keep pursuing these suits because they can’t figure out how to fix the budget deficits they have created. Suing big corporations in friendly jurisdictions is an escape hatch to avoid the repercussions of decades of wasteful spending. Unfortunately, these efforts hurt the wallets of everyday Americans who have money invested in energy companies, and if successful, energy costs would likely rise across America.