Friday, June 9, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home politics

Our Views: Politics and a mistaken judge threaten Louisiana’s energy future | Our

1 year ago
in politics
Our Views: Politics and a mistaken judge threaten Louisiana’s energy future | Our
Share on FacebookShare on Twitter


In Louisiana, we’ve got a seven-year itch for oil at $100 a barrel. But the markets are unlikely to scratch it, as global production continues to provide more supply.

Latest Oil News

Biden administration takes another step toward advancing a controversial oil drilling

Biden administration takes another step toward advancing a controversial oil drilling

February 1, 2023
Monthly Review | NEW! SOCIALIST REGISTER 2023 (EXCERPTS)

Monthly Review | NEW! SOCIALIST REGISTER 2023 (EXCERPTS)

January 31, 2023
Inside the Fight to Save the Peruvian Amazon From Big Oil – Rolling Stone

Inside the Fight to Save the Peruvian Amazon From Big Oil – Rolling Stone

January 30, 2023
MOFI: Nigeria’s strategic vision for sustainable economic recovery

MOFI: Nigeria’s strategic vision for sustainable economic recovery

January 29, 2023

The oil crash in late 2014 took prices from the three-figure stratosphere down to about the $26-per-barrel range. Thousands of jobs were lost, from Port Fourchon to Lafayette’s oilfield service companies.

Prices nudged up over time but the pandemic shattered records, with benchmark crude actually in the negative numbers for a short time.

Economist Loren Scott briefed participants in a Baton Rouge energy conference recently on rising prices, but noted that supply will expand to meet demand, meaning no long-term prospects of $100 or more pricetags can be expected.

More importantly, Louisiana’s natural gas continues to provide a huge boost to both exporters and petrochemical manufacturers in our state. It’s also a cleaner-burning fuel for electricity generation, here and abroad.

If oil prices and natural gas demand can support more drilling activity, that’s good news for Louisiana on the jobs front. But our future as an energy producer is not only on land, via fracking wells, but in the deep waters of the Gulf of Mexico.

The new administration in Washington was basically pushed into allowing a new lease sale in the Gulf via court action. But another federal judge in Washington has delayed the sale, apparently believing that federal law justifies blocking production of any fossil fuels whatsoever.

Our state cannot be a part of the energy future for America and the world if policymakers continue these erratic and inconsistent views, and the Biden administration slow-walks every lease sale in the Gulf.

Our Views: Joe Biden’s anti-energy attitude crumbles in Year One, because he needs us now





www.theadvocate.com

Tags: EnergyFuturejudgeLouisianasmistakenour_viewspoliticsthreatenViews
Previous Post

Global stock markets drop as inflation fears prompt sell-off | Stock markets

Next Post

Amid Oil Price Collapse, Nigeria Is Running out of Foreign Exchange

Related Posts

Biden administration takes another step toward advancing a controversial oil drilling

Biden administration takes another step toward advancing a controversial oil drilling

by Oil Market News
February 1, 2023
0

CNN  —  The Interior Department’s Bureau of Land Management on Wednesday advanced the controversial Willow oil drilling project on Alaska’s...

Monthly Review | NEW! SOCIALIST REGISTER 2023 (EXCERPTS)

Monthly Review | NEW! SOCIALIST REGISTER 2023 (EXCERPTS)

by Oil Market News
January 31, 2023
0

The 59th annual volume of the Socialist Register examines the growth of corporate power and other important organizational trends in...

Inside the Fight to Save the Peruvian Amazon From Big Oil – Rolling Stone

Inside the Fight to Save the Peruvian Amazon From Big Oil – Rolling Stone

by Oil Market News
January 30, 2023
0

I was trying to do something I never do: take a two-day vacation.  I had been in Peru for a...

MOFI: Nigeria’s strategic vision for sustainable economic recovery

MOFI: Nigeria’s strategic vision for sustainable economic recovery

by Oil Market News
January 29, 2023
0

BY BASSEY UDO At a critical juncture when Nigeria’s back is against the wall, the impending reinvigoration of the Ministry...

Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli

Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli

by Oil Market News
January 28, 2023
0

CAIRO (AP) — Italy’s prime minister held talks in Libya on Saturday with officials from the country’s west-based government focusing...

Moody’s upgrades Alberta government’s credit profile

Moody’s upgrades Alberta government’s credit profile

by Oil Market News
January 27, 2023
0

Article content The Alberta government’s credit profile has been upgraded on the back of the continued high price of oil....

Next Post
Amid Oil Price Collapse, Nigeria Is Running out of Foreign Exchange

Amid Oil Price Collapse, Nigeria Is Running out of Foreign Exchange

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Venezuela’s Dilapidated Oil Industry Is An Environmental Catastrophe

Venezuela’s Dilapidated Oil Industry Is An Environmental Catastrophe

5 months ago
Oil Executives Privately Contradicted Public Statements on Climate, Files Show

Oil Executives Privately Contradicted Public Statements on Climate, Files Show

9 months ago
40 years since oil and gas rig tragedy

40 years since oil and gas rig tragedy

1 year ago
Analysts Consensus Rating for Northern Oil and Gas, Inc. (NYSE:NOG) is “Moderate Buy”

Analysts Consensus Rating for Northern Oil and Gas, Inc. (NYSE:NOG) is “Moderate Buy”

7 months ago
Shell says oil output halted at three Gulf of Mexico platforms on pipeline outage By

Shell says oil output halted at three Gulf of Mexico platforms on pipeline outage By

10 months ago
ADVERTISEMENT
UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

June 9, 2023

Canadian refiner Irving Oil explores options including sale

June 8, 2023

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

June 7, 2023

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

June 6, 2023

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

June 5, 2023

Opec bans prominent media groups from Vienna meeting

June 4, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

June 9, 2023
Canadian refiner Irving Oil explores options including sale

Canadian refiner Irving Oil explores options including sale

June 8, 2023
UK watchdog bans Shell, Repsol and Petronas greenwashing ads

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

June 7, 2023
Opec+ is not on board with Saudi’s ‘whatever it takes’ message

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

June 6, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.