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The second quarter of calendar year 2024 begins with crude oil prices edging higher on supply concerns as shipping disruptions continue to plague the supply chain.
In the middle of 2024’s first quarter, the Biden administration targeted Texas in retaliation to Gov. Greg Abbott’s stand on the border crises by asserting world environmental concerns.
The new year begins with optimism and apprehension for the energy sector of the U.S. economy. A federal appellate court has ruled that the Biden administration must go ahead with the oil and gas Lease Sale 261 without the “11th-hour” restrictions the administration added on acreage and ship speeds.
We are midway through the fourth quarter of 2023, with the Biden administration continuing its quest to eliminate U.S. development of fossil-fuel resources.