US government

States sue BOEM over “egregious” $7 billion decommissioning rule targeting small oil and gas companies

June 18, 2024

World Oil (WO) – Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure. The decommissioning rule, targeting smaller companies lacking investment-grade ratings or sufficient proven reserves, supposedly “protects” taxpayers from covering

US government may delay decision on electric vehicles biofuel program

May 1, 2023

Nasdaq NEW YORK – The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said. The plan would have given EV automakers such as Tesla TSLA.O credits for charging vehicles using power generated from renewable natural gas,

WPC 2021: ConocoPhillips CEO says U.S. government holds back oil supply

December 7, 2021

World Oil (Bloomberg) –In the debate over why U.S. oil producers haven’t added additional supply, the boss of ConocoPhillips lays the blame squarely with the government. An increasingly bitter war of words has developed between the Biden administration, which has called for more production to alleviate high energy prices, and an U.S. oil and gas sector that has kept output

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

August 6, 2019

From Reuters Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand. During the session, Brent traded at a low of $58.81 a barrel, down more than 22% from its peak in April. That decline puts the

States sue BOEM over “egregious” $7 billion decommissioning rule targeting small oil and gas companies

US government may delay decision on electric vehicles biofuel program

WPC 2021: ConocoPhillips CEO says U.S. government holds back oil supply

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

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