President Joe Biden took a strong stance against fossil fuels right away, essentially canceling the long-simmering Keystone XK Pipeline and implementing a moratorium on all new oil and gas lease sales on federal lands and waters.
Since then though, his administration has refused to oppose other key crude oil pipeline projects, such as the expansion of the Dakota Access Pipeline and the nearly completed Line 3 replacement pipeline from Canada.
Also, while his campaign promised to cancel new oil and gas permits on federal lands, those permits have kept flowing during the ongoing leasing moratorium that's currently being fought in courts.
Supporters say he's taking a balanced approach for a country that still needs oil and gas as it transitions toward more renewables, while critics have called his administration hypocritical or, at best, intentionally inconsistent.
Energy law professor James Coleman joins S&P Global Platts senior editor Jordan Blum to discuss the many legal and policy issues at play under the new administration.
Stick around after the interview for the Market Minute with senior editor Starr Spencer, a look at near-term oil market drivers.
Asphalt, the heaviest part of crude used in road and home construction, could see a surge in demand as the $1 trillion infrastructure bill would provide record amounts of funding for highway improvements. But all that depends on the bill making it to the president’s desk to be signed into law.
Amid a crowded field of US liquefaction projects, Commonwealth LNG is looking to build momentum for its proposed 8.4 million mt/year facility in Louisiana as it targets a final investment decision in late 2022 and shipping its first LNG in 2025.
Senior editor Harry Weber spoke with Commonwealth...
Last week brought another major development in the outlook for the US adoption of electric vehicles, with Ford Motor Co. and South Korea's SK Innovations announcing an $11 billion project to manufacture EVs and lithium-ion batteries in Kentucky and Tennessee starting in 2025.
A lot of...