On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. Chevron will acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 […]
Author: Robert Rapier
Clean Energy Provisions In The Inflation Reduction Act (IRA) Of 2022
The Inflation Reduction Act (IRA) of 2022 (H.R. 5376) was signed into law by President Biden on August 16, 2022. Serving as a scaled-down version of the Build Back Better Act proposed in 2021, the […]
Understanding Energy Independence In Two Charts
Every time I address the topic of energy independence, it spurs a lot of interest. But people also get confused about the subject. In the previous article, I addressed a number of questions related to […]
Answering Questions On Energy Independence
A friend informed me that my previous article on energy independence was mentioned in a TikTok video. As I write this, the video has over 160,000 views and more 2,000 comments — some of which […]
U.S. Energy Independence Soars To Highest Levels In Over 70 Years
The topic of U.S. energy independence often sparks debate, with many believing that the country achieved this status under President Trump and lost it during President Biden’s tenure. I have addressed these beliefs previously using […]
U.S. On Pace to Set a New Oil Production Record This Year
One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.” The previous annual record was set in 2019 at 12.3 million barrels per day […]
Fourth Generation Nuclear Reactors Take A Big Step Forward
In 2019, the International Energy Agency (IEA) released Nuclear Power in a Clean Energy System, which highlights the importance of nuclear power in decarbonizing the world’s energy sector. The paper notes: “For advanced economies, nuclear […]
House Speaker Kevin McCarthy’s Debt Limit Bill Aims To Repeal Green Tax Credits
Last week House Speaker Kevin McCarthy released a proposed debt limit bill that he says would “responsibly raise the debt limit into next year.” The “Limit, Save, Grow Act of 2023” takes aim at many […]
OPEC Is Back In The Driver’s Seat
One of the benefits of having a well-stocked Strategic Petroleum Reserve (SPR) is that it makes it harder for oil-exporting countries to wage economic war on the U.S. by manipulating oil prices. One of the […]
How Russia’s Invasion Of Ukraine Impacted Gasoline Prices
Following my recent article detailing Average Gasoline Prices Under The Past Four Presidents, I received a flurry of feedback. Some commentors were angry about a comment I made in that article that Russia’s invasion of […]