Energy
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Exxon, global agencies warn of oil price spike within weeks
Neil Chapman, senior vice president at ExxonMobil, told investors at the Bernstein 42nd Annual Strategic Decisions Conference in New York that global inventories could reach critical lows within "two to three weeks."
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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 limits scientists’ work on key climate report that critics say has become politicized
Trump reportedly told government scientists working on a global climate report by the IPCC to step back. Critics say the panel's work has become increasingly politicized.
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Texas bills filed to address oil field theft
Although oil field theft has gone on for years, it escalated under the Biden administration’s border crisis that ushered in increased cartel and illegal border crosser crime.
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Senate sends legislation to block Biden’s natural gas tax to President Trump
The resolution was introduced under the Congressional Review Act, which allows Congress to block finalized federal regulations.
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Wind turbine collapses on clear, windless day
The Killdare Fire Department in Oklahoma posted numerous photos of the crumbled tower on its Facebook page.
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New Texas bill seeks to address market distortion caused by federal subsidies
Market distortion began after the federal government began pushing a “green energy” initiative by creating massive taxpayer subsidies through a Production Tax Credit to “qualified energy resources.”
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Arizona Senate passes bill that attempts to prevent California-style blackouts
SB 1309 mandates that the Arizona Corporation Commission makes sure changes to the state’s grid can produce enough electricity for the summer and winter.
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GOP chips away at Biden climate agenda, but Democrats blast funding freeze, federal firings
A Senate resolution to overturn Trump's "energy emergency" fails, while resolutions overturning Biden energy policies pass in the House. Democrats called for a continuation of Biden’s energy policies to address the “climate crisis.”
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House passes resolution sending Biden’s ban on some gas-powered water heaters up in smoke
President Donald Trump has said he will sign the measure if it reaches his desk.
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Biden policies raised energy prices, experts say
Experts pointed to a litany of federal changes that have slowed down domestic energy production and led to increased costs as a result. Energy prices did rise during Biden's term, including gas prices, which rose on net about 75 cents overall.
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Senate rejects Democrats' bill to overturn Trump's 'Unleashing American Energy' executive order
The resolution, sponsored by Senators Tim Kaine, D-Va., and Martin Heinrich, D-N.M., failed in a party-line vote 53-47.