Energy
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Power grid demand summer outlook cautiously optimistic
PJM’s Summer Outlook 2026 projects adequate reserves to maintain reliability under expected conditions, even with hotter-than-normal weather in the forecast and peak demand projected at near-historic levels.
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Trump hesitates to commit to gasoline tax holiday a couple weeks after calling it 'a great idea'
"Well, it's something we might talk about. We'll see what happens in the next week or two weeks," Trump told reporters.
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Trump considering temporary U.S. energy shipping waivers
The president said in an early-morning network interview he would “take a look” at suspending the Jones Act for 30 days, potentially allowing foreign-flagged oil and gas tankers, which are cheaper to charter than U.S.-owned vessels, to ship gasoline, diesel, and other liquid fuels between domestic ports.
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Demand-based energy payment system delayed in Nevada
The change comes shortly after the energy company admitted to overcharging Nevadans for over two decades and after approval to increase its revenue.
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Grassroots campaign fights carbon capture amid accusations it is only a front for climate groups
Louisiana is cultivating a carbon capture and sequestration industry that has many locals concerned over safety and risks to water. Left-wing climate groups are also fighting the industry out of an opposition to all fossil fuel projects. Now, those locals are being accused of being a front for anti-fossil fuel interests.
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24 AGs question federal funding of orgs refusing to remove climate agenda from manuals for judges
"The organizations producing these manuals and pushing their climate agendas on judges must be investigated and all funding to them should stop," Montana Attorney General Austin Knudsen said.
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Trump’s release of strategic oil reserves will lower stockpiles below Biden administration's levels
By the time President Donald Trump took office in January 2021, approximately 47 million barrels had been added to the Strategic Petroleum Reserve, and as of March 6, it held 415,442,000 barrels of oil. The release of 172 million barrels will bring it down to less than it was at the lowest point of the Biden administration.
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Second U.S. Gulf oil & gas lease sale generates $47 million
The Big Beautiful Gulf 2 auction in New Orleans on Wednesday drew 38 bids from 13 companies on 25 blocks covering about 141,000 acres in federal waters off the coasts of Texas, Louisiana and Mississippi, according to the agency.
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Coalition asks Michigan Supreme Court to overturn Line 5 tunnel approval
Attorneys representing the coalition asked the court to overturn a lower court’s decision to uphold the Michigan Public Service Commission’s approval of the tunnel project.
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Trump administration takes California to court in hopes of blocking EV mandate
The California Air Resources Board passed regulations that require 35% of new 2026 model cars sold in the state be zero-emission
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Iran strikes four ships in Hormuz strait, warns oil could surge to $200 per barrel
Attacks on ships is the Hormuz waterway have all but shut down traffic there, upsetting energy supply systems and sending oil prices higher
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US to tap into oil reserve as Iran conflict drives gas prices up
Wright said the release from the Strategic Petroleum Reserve will begin next week and is expected to take a total of 120 days to complete.