Oil & Energy News
Reports on oil drilling, pipelines, and energy policy debates. Conservative analysis and commentary included from The Daily Signal.
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news
Exxon Wins Shareholder Backing for Legal Move to Texas
HOUSTON, May 27 (Reuters)—Exxon Mobil shareholders on Wednesday approved the company’s plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the proposal. The oil producer is incorporated in New Jersey, but the company has been headquartered in Texas since… -
news
One Biden-Era Policy Reversal Helped Unlock a Record US Oil Lease Sale
A May report from the Department of the Interior announced the largest onshore lease sale in history of more than 33,000 premium acres in the Permian Basin, generating over $4 billion. Republicans credit the new possibility of American energy dominance to the Trump administration reversing Biden-era energy policy with the “One Big, Beautiful Bill.” “This… -
exclusive
‘There’s No Question Prices Are Elevated’: Trump Official Addresses Small Businesses’ Economic Pain
Small Business Administrator Kelly Loeffler acknowledged that Americans are facing increased prices but promised that the economy will improve after the military operation in Iran ends. “There’s no question in recent weeks, prices have bumped up because of rising gas prices due to the Iranian blockade of the Strait of Hormuz now,” Loeffler told the… -
opinion
China: Our Enemy, Not Our Rival
China is not merely America’s geopolitical opponent. It is America’s geopolitical enemy—and has been since the establishment of the Chinese communist regime in 1949. For decades, American leaders and elites indulged the fantasy that this reality could be softened or reversed. Richard Nixon opened relations with China in part to split Beijing from the Soviet… -
news
Energy Sec Can’t Say When Gasoline Prices Will Drop
THE DAILY CALLER NEWS FOUNDATION—Energy Secretary Chris Wright deflected when asked by “Meet the Press” host Kristen Welker about when gas prices would start to drop. The average price of a gallon of gas in the United States on Sunday was $4.52, according to AAA, up over $1.50 from $2.98 on Feb. 26, days before the start… -
opinion
The Iran War and the Energy Transition’s Missing Math
The Iran conflict has delivered an uncomfortable reminder that energy is not an environmental talking point but a matter of national survival. Nations without reliable, affordable energy do not just struggle economically. They become vulnerable. Yet even as missiles fly and shipping lanes tighten, the green energy chorus is back at the microphone, insisting this… -
opinion
Victor Davis Hanson: The Epilogue of the Iran War
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for The Daily Signal. I think we’re coming to the last chapter, the epilogue, the postscript of the Iran war. It’s been going on for over 60… -
news
Oil-Rich Alberta Could Hold Independence Vote This October
Alberta separatists said Monday they have collected more than enough signatures to force a referendum on whether the oil-rich province should split away from Canada. Stay Free Alberta needed 178,000 signatures to put the referendum on the ballot. It claims to have garnered 302,000. Mitch Sylvestre, the group’s head, led a convoy of seven trucks… -
news
Georgia Considers Extending Gas Tax Relief
Georgia Lt. Gov. Burt Jones says he is open to extending the state’s temporary suspension of the gas tax as fuel prices remain elevated. “I think the logical thing for us to do when it comes up on May 31 would be for us to extend it,” Jones told NBC41. “Gas prices can fluctuate literally… -
opinion
Iran Is Losing This War, and the Global Balance of Power Is Shifting
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for The Daily Signal. We’re approaching 60 days of the so-called Iran war, and we’re still getting these loud voices that Donald Trump has failed, that the war’s… -
news
Multiple Actions Being Taken to Combat Oil Theft in Texas
THE CENTER SQUARE—Local, state, and federal efforts are ongoing to tackle oil theft in Texas. At the state level, the state Legislature, the Railroad Commission of Texas, and the Texas Department of Public Safety are working on several initiatives. Railroad Commission of Texas Chairman Jim Wright has been leading a new task force, addressing oilfield… -
news
Putin Testing ‘American Resolve’ With Oil Tanker in Caribbean
A Russian oil tanker moving toward Cuba during a U.S. oil blockade is an act of Russian President Vladimir Putin testing “American resolve,” according to one foreign affairs expert. Russia’s Anatoly Kolodkin tanker, carrying an estimated 730,000 barrels of crude oil, has reportedly sailed toward Cuba’s port of Matanzas but, according to United Press International,… -
news
Dire Straits for Midterms? Gas Price Surge Troubles Senators
Amid uncertainty in a vital global shipping lane brought on by the conflict with Iran, gas pump prices are way up. Some in Congress think that could be a problem for their constituents and for Republicans’ chances in the midterms. “Naturally, we’re all really concerned,” Sen. Jim Justice, R-W.Va., told The Daily Signal of the… -
news
US Will Take Action to Mitigate Oil Price Spike for Americans, Rubio Says
REUTERS—The United States will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, U.S. Secretary of State Marco Rubio said on Monday. Speaking to reporters on Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Energy Secretary Chris Wright would announce the plans on Tuesday. “Starting tomorrow,… -
news
Pro-Corn Congressmen Fight to Put E15 Fuel on Market
A congressional task force soon plans to release a compromise between corn farmer and oil refinery interests that could reshape the American energy industry. “They’re going great,” Rep. Derrick Van Orden, R-Wis., told The Daily Signal on Wednesday of talks to secure nationwide authorization for the year-round sale of E15, a gasoline whose composition is… -
opinion
The United States Must Maintain Oil Investment Amid Global Instability
Serious crises in oil-producing countries are pushing markets to finally price in geopolitical risk. As of Jan. 21, West Texas Intermediate crude is over $60 per barrel, reflecting only the faintest acknowledgement of unrest in Iran despite weeks of escalating protests, estimates of 3,000 to 20,000 people dead, and a complete internet blackout. Recognizing geopolitical risk cannot… -
news
Coalition Calls for Lawmakers, Tech Industry to Make AI Safer for Kids
Representatives of more than 50 organizations spanning the political spectrum signed a declaration urging members of Congress and tech industry leaders to protect children from the potentially harmful effects of artificial intelligence. The statement proposes five guidelines for AI products targeted toward children to follow. The “National Declaration on AI and Kids’ Safety” gives examples… -
news
Latino Voters Lean Right on Taxes, Energy, and Border, Poll Finds
Latinos broadly support low taxes, energy production, and a stable border situation, a new poll from the LIBRE Institute found. The LIBRE Institute, the research arm of a Latino organization that advocates for free markets, surveyed 1,200 Hispanic voters to gauge their opinions on important political issues. The April 21-27 survey, which polled 1,200 Latino… -
news
Bipartisan House Vote Blocks California’s 2035 Gas Car Ban
The House of Representatives voted on Thursday to repeal a Biden-era Environmental Protection Agency waiver that allowed California to ban the selling of new gasoline-powered passenger vehicles by 2035. The vote was 246-to-164, with 35 Democrats crossing party lines to join all 211 Republicans who were present in support of the joint resolution. The measure… -
news
Easter Holiday Gas Prices 30 Cents Below National Norm
THE CENTER SQUARE—Easter holiday weekend gas prices in North Carolina, on average for a gallon of unleaded regular, are 30 cents below the national average of $3.16. County averages of $2.92 to $3.16 are sprinkled from the mountains to the coastal plains. Those locales are outnumbered by lower prices to generate the state’s $2.86 norm…