Your Daily Energy News
View this email in your browser ([link removed])
DAILY ENERGY NEWS | 08/13/2024
Subscribe Now ([link removed])
** It's actually 225 ([link removed]) and climbing.
------------------------------------------------------------
Restoration of America ([link removed]) (8/13/24) reports: "Before she crashed and burned in the 2020 presidential primary, Kamala Harris voiced her unequivocal opposition to 'fracking.' The San Francisco Democrat, then a U.S. senator for California, famously told CNN viewers 'there’s no question I’m in favor of banning fracking.' The innovative drilling technique causing such consternation for far-left environmental activists makes it possible for American energy companies to access oil and gas deposits previously beyond reach. That’s particularly true in the Marcellus Shale region of Pennsylvania. But instead of celebrating American ingenuity, Harris has spent her political career attempting to suffocate domestic energy production at the behest of her benefactors. During her two terms as a state attorney general and her brief stint as a U.S. senator, Harris
has been a persistent zealot for radical, anti-energy climate policies such as the Green New Deal. As vice president under Joe Biden, the San Francisco leftist has doubled down even further on her antagonism toward the oil and gas industry. As president, she would further accelerate Biden administration policies that restrict America’s ability to project economic and military power—all in the name of climate change...The Harris flip-flop on energy is not limited to fracking. She has been a key player in an America Last energy policy that began with shutting down the Keystone XL Pipeline. But that was just the beginning of her malice toward blue collar workers and American households now riddled with high energy prices and inflation. The American Energy Alliance, a grassroots outfit that engages in energy and environmental policy, lists 175 ways Vice President Harris, and other anti-energy extremists in her party, have made it more difficult to produce oil and gas."
[link removed]
[link removed]
** "Westernized societies have become too accustomed to mass beta testing and promises of a green utopia. But we rarely hear that this leaves us vulnerable to inadequate grids, product failures, poor utility service, and sub-standard performance. Moreover, mass beta testing exposes us to mischief that can damage our economy and threaten security."
------------------------------------------------------------
– Jason Hayes, Mackinac Center for Public Policy ([link removed])
============================================================
Cleaner, faster, cheaper...imagine the magnitude of America's energy renaissance if producers weren't facing the most hostile regulatory environment in history.
** Reuters ([link removed])
(8/13/24) reports: "Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year. Producers are extending their wells to as much as three miles, squeezing more wells onto a single drilling pad and fracking several wells at once, boosting production, according to industry experts and company executives on recent earnings calls. Taken together, these efficiency gains have led several big producers to raise their full-year shale oil production targets. Chevron lifted its full-year Permian output target to an about 15% gain, up from an earlier forecast of a 10% gain. Diamondback, APA Corp, Devon Energy** , ([link removed])
and Permian Resources, also forecast higher than expected Permian shale production in coming months. Occidental Petroleum, raised its outlook for the basin for 2024 by 1,000 barrels per day (bpd) excluding its acquisition of Permian-focused CrownRock."
Welcome to the Golden State Archipelago where we know that they are lying, they know that they are lying, they even know that we know they are lying, but they lie anyway.
** ([link removed])
Moving to Texas and now this. Two wins in one week for Chevron and America...
** MENA FM ([link removed])
(8/13/24) reports: "Chevron Corp. announced a significant achievement on Monday, revealing that it has successfully produced the first oil from a U.S. field in the Gulf of Mexico under extreme deep-sea pressure. This accomplishment is the result of Chevron’s USD5.7 billion Anchor project, which represents a major technological advancement in deep-water oil production. The project has overcome the long-standing challenge of operating at pressures up to 20,000 pounds per square inch (psi), a feat that had previously been unattainable due to limitations in available equipment. The Anchor project, located approximately 225 kilometers off the coast of Louisiana, is expected to yield production for the next 30 years. At its peak, the floating production platform is projected to handle about 75,000 barrels of oil and 28 million cubic feet of natural gas per day... Historically, the industry has struggled with subsea drilling at pressures exceeding 15,000 psi, despite BP's discovery of the Cascade
field at 20,000 psi. This new development marks a significant step forward in deep-water drilling capabilities."
Energy Markets
WTI Crude Oil: ↓ $79.66
Natural Gas: ↓ $2.22
Gasoline: ↓ $3.44
Diesel: ↑ $3.76
Heating Oil: ↓ $240.64
Brent Crude Oil: ↓ $81.86
** US Rig Count ([link removed])
: ↓ 616
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 525 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
