Articles by tag: Ehud Ronn
Energy independence and climate policy are increasingly at odds and the recent data from the Energy Information Administration (EIA) reveals a striking trend: the United States has topped global crude oil production charts for the last six years, surpassing all previous records. This development prompts a deeper examination of America’s energy strategy at a…
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Experts Hope New Oil Auctions Signal “Striking a Balance” in U.S. Oil Production
The U.S. auctioned off its first oil and gas drilling rights on federal lands since the passing of the Inflation Reduction Act, spanning over 10,000 acres across New Mexico and Kansas. This marks the second federal lease auction in New Mexico in over two years. Now that the U.S. oil auction drought is over, should…
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Global Oil Demand Skyrockets with China Re-open for Business
Three years of strict COVID policies in China ended in December 2022. This reopening of China’s economy pushes global oil demand to hit its highest-ever level. International Energy Agency estimates indicate oil demand could surge by 1.9 million barrels per day for a record-setting 101.7 million barrels per day. “China will drive nearly half…