||| FROM REUTERS |||
The administration of President Donald Trump on Thursday plans to announce the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations.
Its repeal would remove the regulatory requirements to measure, report, certify, and comply with federal greenhouse gas emission standards for cars, but may not initially apply to stationary sources such as power plants
The transportation and power sectors are each responsible for around a quarter of U.S. greenhouse gas output, according to EPA figures.
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This seems ominous on the surface, but the EPA’s endangerment rule is so baked into the current system and has already survived so many previous lawsuits that it can’t be revoked with an impulsive signature of the Big Orange Moron’s permanent marker.
So now, get ready for… more lawsuits! Everyone from the states (particularly California), to the NGOs (CBD, EDF, NRDC, and others), to the electricity companies (including some who burn fossil fuels but heavily invested in regulatory compliance), to groups of school kids all over the country.
Until all of those lawsuits are settled, no power plant operator, auto manufacturer, or coal mining company is going to do much about this. They know that they can’t fight economics, and that onshore wind and PV solar are already so cheap that new fossil plants would be astronomically expensive to build and operate.
“They know that they can’t fight economics, and that onshore wind and PV solar are already so cheap that new fossil plants would be astronomically expensive to build and operate.”
Hmmm, are you sure? Even though “US Oil Production, Demand Fell to Multi-Month Lows in November, EIA Data Shows,” at the same time “Global Electricity Demand Surge Forecast by IEA.”
As per the above, even though one does occasionally see the word “slowdown”, or “pause” in the headlines… even in the world of what many consider to be “Peak Oil” there doesn’t appear to be any slowing down.
Some of the headlines over the past few days from EnergyNowMedia–
US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes
Cheniere Submits Application to Build Massive LNG Plant in Texas
US to Auction Drilling Rights For Alaska Reserve on March 9
Trump Is Remaking the Global Oil Market and Exxon and Chevron Want In
US Natgas Output to Hit Record High in 2026, While Demand Holds Steady, EIA Says
ConocoPhillips and Partners to Invest $2 Bln in Greater Ekofisk Gas, Condensate
Enbridge Reports Record 2025 Financial Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $39 Billion
US Natgas Output to Hit Record High in 2026, While Demand Holds Steady, EIA Says
US Power Use to Beat Record Highs in 2026 and 2027, EIA Says
Canadian Oilpatch Expected to Keep Bulking Up Through Mergers and Acquisitions
Norway’s Equinor Plans Sharp Increase to International Oil and Gas Output by 2030
Venezuelan Oil Output Could Return to Pre-Blockade Level by Mid-2026, EIA Says
US Issues License Authorizing Oil and Gas Exploration and Production in Venezuela, Treasury Says
Trump Administration Takes First Step Toward Offering New Offshore Oil Drilling Leases in California
Chevron Amasses Largest Fleet in Almost a Year to Ship Venezuelan Oil
The head of Abu Dhabi National Oil Company (ADNOC) said global oil demand will remain above 100 million barrels per day through 2040, while demand for both liquefied natural gas (LNG) and electricity will grow by 50% or more.