Day: June 3, 2026

SPR Draw Down at Critical Levels and May Surpass the Biden Abuse

Energy News Beat The U.S. Strategic Petroleum Reserve (SPR) is being drained at a record pace under the current administration, with projections showing it could hit operational minimum levels as early as August 2026—faster than the Biden-era releases of 2022. At the same time, California is staring down a severe refined-product crunch, with jet fuel […]

State Attorneys General Sue Trump Administration Over Payment Ending Offshore Wind ProjectsHow Much Has Climate Lawfare Cost US Consumers?

Energy News Beat In the latest chapter of the green energy wars, a coalition of Democratic state attorneys general filed suit Tuesday against the Trump administration’s deal to wind down costly offshore wind projects. The lawsuit, led by New York Attorney General Letitia James and joined by her counterparts in Connecticut, Maine, Massachusetts, New Jersey, […]

Vitol Says Europe and US Aren’t Facing Up to Oil Supply Crunch: How Will This Rubber Band Snap Impact Consumers and Investors?

Energy News Beat In a stark warning delivered at S&P Global’s Middle East Petroleum & Gas Conference in London, Vitol board member Tom Baker pulled no punches: “In Europe and I think in the US, everyone is kind of asleep at the wheel and just carrying on life as normal.” Vitol, one of the world’s […]