US energy secretary: ‘Critical’ not to rely on oil, gas from other countries
Kristen Altus, Fox Business | March 31st, 2022
As President Biden readies a plan to release one million barrels of oil a day from the nation’s oil reserve, U.S. Energy Secretary Jennifer Granholm stressed the importance of energy independence Thursday in a FOX Business interview.
Don't write off the oil and gas industry just yet
Veronica Vasquez, Taos News | March 31st, 2022
For those that call New Mexico home, we are no stranger to what the importance of a responsible and prosperous oil and gas industry means for our state. While some are pushing for a future without these energy sources, especially in light of the recent rise in gas prices, we need to do our part to educate those on how this industry makes everyday life possible.
Only America can ensure global energy security
Bernard L. Weinstein, The Hill | March 27th, 2022
Several weeks ago, the U.S. Energy Information Administration (EIA) released its annual energy outlook, concluding — not surprisingly — that America’s energy consumption will continue to increase through 2050. Though renewable energy is projected to be the fastest-growing energy source, petroleum and natural gas will continue to represent the lion’s share of energy consumption for at least the next 28 years. The EIA also projects that gasoline and diesel fuel will remain the primary fuels consumed by the transportation sector in the foreseeable future.
U.S. Oil Companies Have Increased Drilling By 60% In One Year
Robert Rapier, Forbes | March 27th, 2022
One of the latest lines of attack in the finger-pointing over rising gasoline prices goes like this: U.S. oil companies are sitting on a huge number of permits, content to reap enormous profits while they refuse to drill for oil.
Oil industry urges support from Biden as energy costs soar in the wake of Russia conflict
Adrian Hedden, Carlsbad Current Argus | March 23rd, 2022
Oil and gas trade groups in New Mexico and nationwide urged the administration of President Joe Biden to support domestic fossil fuel production in the face of mounting pressure brought on by Russia’s recent invasion of Ukraine and skyrocketing demand as COVID-19 subsides.
EIA projects that oil and gas will remain dominant in the US through 2050
Offshore Magazine | March 21st, 2022
WASHINGTON, DC – In its Annual Energy Outlook 2022 (AEO2022) Reference case, the US Energy Information Administration (EIA) projects that US energy consumption will grow through 2050, primarily driven by population and economic growth.