Oil company executives criticize "Washington's war on domestic oil and gas" even as production and profits remain high.
Look West: Public lands and energy news from the Center for Western Priorities
** Oil industry criticizes Biden policies even as production soars
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Wednesday, April 3, 2024
A pumpjack in southeastern New Mexico, blake.thornberry via Flickr ([link removed]) /CC BY-NC-ND 2.0 ([link removed])
As U.S. oil production—and profits—remain high, oil company executives continue to criticize ([link removed]) "Washington's war against domestic oil and gas." According to the Federal Reserve Bank of Dallas quarterly survey of oil company executives ([link removed]) in New Mexico, Texas, and Louisiana, the industry continues to express frustration with Biden administration policies despite strong production and profits.
The disconnect between industry sentiment and the state of the market, however, is especially striking. U.S. oil production remains strong, surpassing that of the next two largest producers ([link removed]) (Russia and Saudi Arabia), and profits are correspondingly robust, in many cases exceeding projections ([link removed]) . The Permian Basin, which underlies New Mexico and Texas—two of the states covered by the Federal Reserve Bank of Dallas Survey—has been a leader in production and profits ([link removed]) .
"Washington continues to pick business winners and losers, and this practice hampers cooperation and fairness across all sectors," complained one industry executive ([link removed]) in an anonymous comment. Meanwhile, U.S. oil and gas production, already at record levels, is forecast to remain strong ([link removed]) and even increase over the course of 2024 and beyond, threatening the world's ability ([link removed]) to meet the emissions and warming goals of the Paris climate agreement.
** Quick hits
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New Mexico's oil and gas industry criticizes Biden administration regulation of air pollution
Carlsbad Current-Argus ([link removed])
Montana coal mining bill that would have weakened water quality won't become law
Daily Montanan ([link removed])
For these mammals, migration is a means of survival
High Country News ([link removed])
How stormwater could help solve Western water woes
Colorado Sun ([link removed])
Carbon capture studies at Wyoming coal plants advance
WyoFile ([link removed]) | E&E News ([link removed])
U.S. aiming to 'crack the code' on deploying geothermal energy at scale
The Guardian ([link removed])
Some of the most polluted national parks are in the Mountain West, report finds
KUNR ([link removed])
Opinion: State-led permitting program needed to protect New Mexico's waters
Albuquerque Journal ([link removed])
** Quote of the day
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” I like thinking that these migrations that are happening right now on the reservation have always been there, and we have always tracked them. I like thinking and assuming that my ancestors followed the same deer down the same paths they used, and now see their two descendants relying on each other.”
—Albert Mason Jr. (Eastern Shoshone), Wind River Tribal Buffalo Initiative, High Country News ([link removed])
** Picture This
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@mypubliclands ([link removed])
What better way to end the day than a beautiful sunset at Rogue River. 🌄
This wild and scenic river is surrounded by the rugged and complex canyon landscape of the Wild Rogue Wilderness. Here you can take in breathtaking views, see an array of wildlife, and hike outstanding trails.
📸 Rogue River, BLM Oregon Washington; J.T. Dudrow
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