oil & gas

The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil prices are sagging amid fears of recessions across the globe. OPEC and allied countries are weighing what to do about that when they meet online Thursday, Sept. 8, 2022. High oil prices were a bonanza for countries like Saudi Arabia over the summer, but now they're well off those highs. Saudi Arabia's oil minister has even said the group known as OPEC+ could cut production at any time. (AP Photo / Eric Gay)

OPEC+ makes small trim to world oil supplies as prices fall

Oil prices jumped after the announcement.

 

This October 2011 photo, shows the Perdido oil platform located about 200 miles south of Galveston, Texas, in the Gulf of Mexico. The Biden administration is proposing up to 10 oil and gas lease sales in the Gulf of Mexico and one in Alaska over the next five years. The announcement on Friday, July 1, 2022, said fewer lease sales or even zero could occur, with a final decision not due for months. (AP Photo / Jon Fahey)

Biden offshore drilling proposal would allow up to 11 sales

Proposal includes up to 10 oil and gas lease sales in the Gulf of Mexico and 1 off the Alaska coast.

 

Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, N.M., one of the most active regions of the Permian Basin. Government budgets are booming in New Mexico. The reason behind the spending spree — oil. New Mexico is the No. 2 crude oil producer among U.S. states and the top recipient of U.S. disbursements for fossil fuel production on federal land. But a budget flush with petroleum cash has a side effect: It also puts the spotlight on how difficult it is for New Mexico and other states to turn their rhetoric on tackling climate change into reality. (AP Photo / Jeri Clausing)

States struggle to replace fossil fuel tax revenue

Federal, state and local governments receive about $138B a year from the fossil fuel industry.

 

AP Photo/Charlie Riedel, File In this April 24, 2015, filephoto, a worker empties oilfield wastewater from a tank truck into storage tanks on Carl and Justin Johnson’s ranch near Crossroads, N.M. Labor shortages, supply problems and volatile prices have made oil companies cautious about new drilling even as U.S. politicians push for increased production.

Ukraine war ups pressure for US oil; industry faces hurdles

Rhetoric about quickly ramping up U.S. crude output is at odds with the industry’s reality.

AP Photo/Charlie Riedel, File In this April 24, 2015, filephoto, a worker empties oilfield wastewater from a tank truck into storage tanks on Carl and Justin Johnson’s ranch near Crossroads, N.M. Labor shortages, supply problems and volatile prices have made oil companies cautious about new drilling even as U.S. politicians push for increased production.
FILE--In this undated file photo, drilling operations at the Doyon Rig 19 at the Conoco-Phillips Carbon location in the National Petroleum Reserve, Alaska, are shown. Alaska's Congressional delegation released a joint statement Tuesday condemning the Biden Administration's decision not to pursue development on the reserve, saying it would hurt the state's economy. (AP Photo/Judy Patrick, File)

Congressional delegation condemns NPR-A development reversal

Another policy reversal.

FILE--In this undated file photo, drilling operations at the Doyon Rig 19 at the Conoco-Phillips Carbon location in the National Petroleum Reserve, Alaska, are shown. Alaska's Congressional delegation released a joint statement Tuesday condemning the Biden Administration's decision not to pursue development on the reserve, saying it would hurt the state's economy. (AP Photo/Judy Patrick, File)
Louisiana Attorney General Jeff Landry speaks in front of the U.S. Supreme Court in Washington. The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday, June 15, 2021, by a federal judge in Louisiana. U.S. District Judge Terry Doughty’s ruling came in a lawsuit filed in March by Louisiana’s Republican attorney general, Jeff Landry and officials in 12 other states. Doughty’s ruling granting a preliminary injunction to those states said his order applies nationwide. (AP Photo / Manuel Balce Ceneta, File)

Federal judge blocks Biden’s pause on new oil, gas leases

The decision is a blow to Biden’s efforts to rapidly transition the nation away from fossil fuels.

Louisiana Attorney General Jeff Landry speaks in front of the U.S. Supreme Court in Washington. The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday, June 15, 2021, by a federal judge in Louisiana. U.S. District Judge Terry Doughty’s ruling came in a lawsuit filed in March by Louisiana’s Republican attorney general, Jeff Landry and officials in 12 other states. Doughty’s ruling granting a preliminary injunction to those states said his order applies nationwide. (AP Photo / Manuel Balce Ceneta, File)
Alaska’s Congressional Delegation, from left to right, Sen. Dan Sullivan, Sen. Lisa Murkowski, Rep. Don Young, all Republicans. Delegates responded to criticisms of President Trump made by former Secretary of Defense Gen. James Mattis. (Michael Penn | Juneau Empire File)

Alaska lawmakers: Discrimination involved in Arctic decision

They say banks

Alaska’s Congressional Delegation, from left to right, Sen. Dan Sullivan, Sen. Lisa Murkowski, Rep. Don Young, all Republicans. Delegates responded to criticisms of President Trump made by former Secretary of Defense Gen. James Mattis. (Michael Penn | Juneau Empire File)
Environmentalists to Permanent Fund Corp: Time to divest from fossil fuels

Environmentalists to Permanent Fund Corp: Time to divest from fossil fuels

Divestment is a fiduciary responsibility.

Environmentalists to Permanent Fund Corp: Time to divest from fossil fuels
Thirty years after Exxon Valdez, Juneau organization working to keep waters safe

Thirty years after Exxon Valdez, Juneau organization working to keep waters safe

They don’t like oil spills.

Thirty years after Exxon Valdez, Juneau organization working to keep waters safe
Opinion: Eliminate Alaska’s oil tax credits

Opinion: Eliminate Alaska’s oil tax credits

The state is receiving nothing in return.

Opinion: Eliminate Alaska’s oil tax credits
On day 56, the Alaska Legislature passes first resolution of session

On day 56, the Alaska Legislature passes first resolution of session

Congress accepting comments on environmental impacts on ANWR through Wednesday.

On day 56, the Alaska Legislature passes first resolution of session
Dunleavy hopes to promote state’s resources at major oil conference

Dunleavy hopes to promote state’s resources at major oil conference

It’s a rare trip for the governor.

Dunleavy hopes to promote state’s resources at major oil conference