Tuesday, December 3, 2024

John Hofmeister Sets the Record Straight after Obama Takes Credit for Oil Boom

‘That was me, people’ – Barack Obama, taking credit for oil production boom at Houston event From Fox News Former President Barack Obama on Tuesday took credit for the boom in U.S. oil and gas production, saying, “That was me, people.” Obama made the remark during at a gala for Rice University’s Baker Institute for Public Policy in Houston, Texas, touting

Climate Change Move from N.A. Heads of Government Could Affect the Oil & Gas Industry

Three Chief Executives Tackle Climate Change Canada’s Prime Minister Justin Trudeau, U.S. President Barack Obama, and Mexico’s President Enrique Peña Nieto joined forces in Ottawa this week expressly to demonstrate how North America has the “moral imperative to show strong leadership building on the Paris Agreement and promoting its early entry into force.” This meeting was to showcase their resolve to

Federal Judge Strikes Obama’s Fracing Ban

A federal judge in Wyoming has issued a final ruling to refute the executive branch’s ban of hydraulic fracturing on public land. U.S. District Judge Scott Skavdahl issued the final ruling on June 21, 2016, upholding a preliminary injunction he had put in place last September. Skavdahl said the ban was ill conceived. “Congress‘ inability or unwillingness to pass a

Coal Under Fire: Clean Power Plan Begins

27 States are Suing to Stop the CPP, Where do Things Stand? On August 3, 2015, President Obama and the U.S. Environmental Protection Agency announced the Clean Power Plan, which is described on the EPA website as “a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.” The Clean Power Plan mandates the federal

We Oppose Lifting of Oil Export Ban: White House

Press Secretary Takes Jabs at Republicans, Energy Subsidies in Media Briefing The crude oil export ban, a hot topic among industry and American security pundits alike, appears likely to land in the House of Representatives this month. The efforts are a welcome sign for an oil and gas sector that is estimated by Moody’s to generate negative cash flow of

TransCanada

House Approves the Keystone XL Pipeline, but will it Really Matter?

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they include the Keystone XL pipeline? The House of Representatives approved the Keystone pipeline earlier today by a count of 252-161, with

President Rouhani Hopes “New Era” Can Soothe Political and Economic Difficulties in Iran

Dr. Hassan Rouhani is the seventh President of the Islamic Republic of Iran. He has been a Representative of the Supreme Leader to the Supreme National Security Council, a Member of the Expediency Council, and a Member of the Assembly of Experts. He took office on August 4, 2013, succeeding Mahmoud Ahmadinejad. Previously, Rouhani served as Iran’s nuclear negotiator to

Let’s Work For America, Not Against It; Climate Change Speech Positive for Natural Gas

President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change. Our key takeaway from the president’s speech was natural gas is cited as a “critical bridge fuel” – and rightfully so.