EIA’s Annual Energy Outlook 2022 reference case (which assumes current laws and regulations) projects that U.S. energy consumption will grow through 2050. According to the reference case, petroleum will retain the largest share of energy consumption throughout that period, followed by natural gas. Renewable energy is projected as the fastest-growing energy source through 2050.

EIA projects that transportation and industrial processes will continue to be the primary sources of petroleum...

Nickel prices have skyrocketed with Russia’s invasion of Ukraine due to fears that Russian supplies may be cut off. The disruption is causing supply problems for carmakers and others that need the metal. Nickel prices surged in the middle of March after which trading was temporarily suspended for several days and new restrictions were applied that did not initially work. A plunge in price at the open of trading several times triggered the exchange’s daily limit, below which no further...

Joe Biden ran for president promising to end domestic production of natural gas, oil, & coal. Joe Biden hired a team of bureaucrats who zealously attacked American energy producers from day one. Now that the predictable consequences of his extremist agenda are coming to fruition Biden and his cronies are changing their tune. You can't have it both ways, Joe.

Send a message to the White House demanding Biden abandon his anti-energy...

Toby Rice, who runs the U.S. largest natural gas producing company, Pittsburgh-based EQT, indicated  that the United States could easily replace Russian natural gas supply in Europe. He estimated the United States has the potential to quadruple its gas output by 2030. What is needed to accomplish that is more natural gas pipelines and LNG export facilities because U.S. LNG terminals are shipping close to all the gas they can and there are not enough pipelines to get the needed gas to export...

Rep. Ro Khanna, a Democrat from California, has been putting pressure on domestic oil companies to lower production for months. In October he was interrogating oil CEO’s about why they were increasing production as their ‘European Counterparts’ were lowering their own—seemingly a moral good in Rep. Khanna’s eyes.

Now that gas prices in his state are above the $6 mark, he is singing a different tune. We now hear him bemoaning the rising price ad nauseam. He’s responding to the...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna recap events in Ukraine from this week, Raskin’s nomination, and the White House’s response to high oil prices.

Links:

• Kyiv Correspondent Jam Waterhouse tells #BBCBreakfast authorities in Mariupol say a bomb shelter in a theatre protecting hundreds of men, women and children, withstood shelling
• "I bet everybody knows somebody somewhere along the line that in an intimate relationship, what happened was the guy...

Biden’s campaign promise: “No more subsidies for the fossil fuel industry. No more drilling including offshore. No ability for the oil industry to continue to drill period. It ends.”

That President Biden is now asking the U.S. oil industry to produce more is ironic after taking steps to do just the opposite. Further, he has little understanding of the workings of the industry when he stated : “U.S. producers “have 9,000 permits to drill now — they can be drilling right now,...

With sky-high inflation reminding people of the economic malaise of the Carter years, it appears that some Members of Congress are actually looking back fondly on those times and are actively trying to relive those days. The latest bad idea that Congress is trying to revive is a new tax on oil profits modeled after the tax on oil profits President Carter signed in 1980. This was a bad idea in 1980 and it’s a bad idea today.

This new tax on oil appears to be predicated on two core...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss Biden's attempts at deflecting blame for run-away inflation and the future prospects of the so-called "energy-transition" movement.

Links:

• Tom Pyle to Congress: Government Energy Mandates Raising Prices
• Tom's written testimony submitted to Congress
• AEA Public Survey Data
• The Biden administration continues to blame gas prices on Putin.
• Sergio from Ohio weighs in on Biden's push to force electric vehicles on...

When asked by a news correspondent this month if President Biden intended to reverse course and reinstate pro-America energy policies, White House Press Secretary Jen Psaki responded that there are 9,000 approved oil leases that the oil companies are not tapping into currently. But, as American Petroleum Institute President and CEO Mike Sommers indicates , her statement amounts to factual distortion. “Just because you have a lease doesn’t mean there’s actually oil and gas in that...