Energy News & Industry Updates

July 13, 2022

Texas power grid operator calls for conservation again as wind generation falters

Record high electric demand and low wind power generation prompted the Texas Power Grid to call for residents to conserve power again on Wednesday.

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US Oil and Gas Association president: We're looking at a global recession coming

U.S. Oil and Gas Association President Tim Stewart on gas prices dropping amid record-high inflation and oil production in the U.S.

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Biden admin hasn't taken any legitimate action to deal with inflation: Sen. Barrasso

Sen. John Barrasso, R-Wyo., on blackout fears in the U.S., record-high inflation as Democrats try to push Build Back Better and his message to Sen. Joe Manchin.

July 13, 2022

Newt Gingrich: Biden's 'out of touch with reality'

Former House Speaker and Fox News contributor Newt Gingrich discusses Biden's energy policies constricting U.S. oil production as gas prices hit all-time highs

July 13, 2022

More than 140K without power after windy storms in mid-Atlantic

Severe weather and storms left more than 140,000 customers without power on Wednesday morning in the mid-Atlantic U.S. Trees fell on vehicles and damaged houses.

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Newt Gingrich: Biden's 'largely out of touch with reality'

Former House Speaker and Fox News contributor Newt Gingrich argues Biden has been 'captured by the hard left.'

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Biden insists Democrats want him to run again

Former House Speaker Newt Gingrich discusses Biden's response to poll numbers, U.S. energy independence, Democratic policies and his new book 'Defeating Big Government Socialism.'

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It's absurd what Biden is doing right now: GOP lawmaker

Rep. Markwayne Mullin, R-Okla., discusses Biden's trip to Saudi Arabia, inflation and what the president could do to encourage oil production in the U.S.

July 12, 2022

Texas power crisis underscores green energy unreliability, expert says: 'get used to more blackouts'

Jonathan Lesser, an energy expert at the Manhattan Institute, warned Tuesday that power grid issues in Texas highlight the problems in store for the U.S. amid the green energy push.

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JPM's David Kelly: Inflation heat wave here for another month

JPMorgan chief global strategist previews the June CPI reading and reveals when the Fed might start cutting interest rates on 'The Claman Countdown.'

July 12, 2022

Dozens of Republicans demand Biden admin's plan for nationwide power crisis

The entire Republican delegation on the House Energy and Commerce Committee wrote a letter to the Environmental Protection Agency on Tuesday, demanding plans for the power crisis.

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Something other than recession fears pushing oil down: David Bahnsen

The Bahnsen Group managing director explains how the oil bear market is putting additional stress on markets on 'Making Money.'

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We are going into a recession: Oil market expert

Andy Lipow, president of Lipow Oil Associates, discusses his predictions for the economy and oil markets.

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President Biden's priorities at odds in visit with Saudis

Libertarian Institute Director Scott Horton joined 'Kennedy' to discuss Biden's upcoming trip to Saudi Arabia and the president's plans to ask for more oil.

July 11, 2022

Nord Stream Russian gas pipeline enters shutdown, Europeans fear extended delay

Maintenance begins Monday on the Nord Stream 1 pipeline, the biggest single pipeline carrying gas from Russia to Europe. Companies fear the war in Ukraine will delay reopening.

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Begging for oil not the way to solve the problem: Industry executive

King Operating Corporation Founder and President Jay Young weighs in as President Biden defends his decision to visit Saudi Arabia.

July 11, 2022

Texas braces for heat wave, ERCOT appeals for power conservation

Residents and businesses can reduce electricity usage by turning their thermostat up a degree or two and postponing running major appliances or pool pumps during afternoon peak hours.