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12/09/2024
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By Willow Tohi
Trump’s energy plan: A path to American prosperity and security
Trump’s administration prioritizes oil and gas drilling to reduce reliance on foreign energy sources, enhancing national security and economic resilience. The oil and gas industry supports over 10.3 million jobs and contributes nearly 8 percent of the U.S. GDP, with annual investments of $227 billion in infrastructure. The industry’s average salary of $102,221 in 2017 […]
11/15/2024
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By Richard Brown
Incoming Trump admin to boost domestic oil and gas production
In an Oct. 18 speech, President-elect President Donald Trump vowed to “frack, frack, frack, and drill, baby, drill,” signaling his commitment to ramping up oil and gas production in the United States if elected. Now that he’s won the presidency, analysts are weighing his potential impact on energy markets, including crude oil, natural gas and […]
10/23/2023
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By Richard Brown
Oil prices could surge to $150 per barrel unless the U.S. increases exploration
Continental Resources Inc. (CLR), a petroleum firm led by billionaire Harold Hamm, has warned that oil prices could surge to $150 per barrel unless the U.S. government takes more action to promote exploration. CLR CEO Doug Lawler stated that oil production in the Permian Basin, much like other shale regions, may peak without increased exploration. […]
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