What's next for oil following China's announcement of its 2024 targets?
03/15/2024
What's next for oil following China's announcement of its 2024 targets?
Economic power-house China has set out 10 targets for 2024, which is pro-growth for oil demand, keen on energy security, and prioritizing accelerated industry modernization and development of new productive forces. In this episode of Platts Oil Markets podcast, Managing Editor for refined oil produc
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Policies, politics and partings
03/11/2024
Policies, politics and partings
After several great years, Capitol Crude is coming to an end. We want to thank all our listeners for tuning in and supporting us over the years. Going forward, you can find Jasmin and Kate contributing to other S&P Global Commodity Insights podcasts, including Platts Oil Markets, Commodities Focus,
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Rumored weakening of tailpipe emissions rule would move US in wrong direction, analyst says
03/04/2024
Rumored weakening of tailpipe emissions rule would move US in wrong direction, analyst says
The Environmental Protection Agency last April pitched its strongest-ever limits on greenhouse gas emissions from passenger cars and trucks. But reports have surfaced that the EPA may be planning to soften that regulation. Dave Cook, senior vehicles analyst with the Union of Concerned Scientists, jo
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LNG exports, pauses, climate impacts: Are we having the wrong debate?
02/26/2024
LNG exports, pauses, climate impacts: Are we having the wrong debate?
The US Department of Energy in late January hit “pause” on its work issuing key LNG export permits. About 30 million mt/year of probable export capacity additions in the US and Mexico are at risk because of the permitting hold. Climate activists have celebrated the White House decision as a massive
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Push for organized phasedown of oil, gas leasing on public lands turns to RMP legal fights
02/12/2024
Push for organized phasedown of oil, gas leasing on public lands turns to RMP legal fights
Under settlement agreements with environmental groups and Colorado, the Bureau of Land Management is taking another look at that the Uncompahgre Resource Management Plan, which guides the management and use of nearly a million acres of public lands and mineral estate in western Colorado. Among the a
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Will US confront Iran? Analyst says it must to stop Houthi attacks on major oil shipping route
02/05/2024
Will US confront Iran? Analyst says it must to stop Houthi attacks on major oil shipping route
Threats to the flow of crude supplies have worsened in recent weeks with oil and petroleum products tankers among targets struck by Yemen's Iran-backed Houthi rebels. Foreign policy and international energy specialist Brenda Shaffer, a professor at the US Naval Postgraduate School, joined the podcas
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Ethanol industry wants more options to be part of US climate solution: ACE CEO
01/29/2024
Ethanol industry wants more options to be part of US climate solution: ACE CEO
The ethanol industry is angling to be a bigger part of the US decarbonization strategy, but so far, the Biden administration has sent some mixed signals on the issue. For instance, the Treasury Department has made some policy decisions that could provide some big opportunities for ethanol, but the E
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Oil and gas companies opening wallets as lease sales grow scarcer
01/22/2024
Oil and gas companies opening wallets as lease sales grow scarcer
The Biden administration in December signed off on a plan to conduct the fewest oil and gas lease sales in history, with just three auctions in the Gulf of Mexico planned in the next five years. Now, oil and gas companies are changing their bidding strategies to scoop up leases when they are availab
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Is the oil, gas patch M&A hot streak here to stay?
01/08/2024
Is the oil, gas patch M&A hot streak here to stay?
According to S&P Global Market Intelligence data, oil and gas deals topped $271 billion in value in 2023, more than doubling the value of deals made in 2022. Bruce On, EY’s US West region energy strategy and transactions leader, joined the podcast to discuss this wave of consolidation, whether it wi
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Guyana is a wildcard in Venezuelan sanctions picture: consultant
12/18/2023
Guyana is a wildcard in Venezuelan sanctions picture: consultant
In October, the US agreed to ease sanctions on Venezuela in exchange for progress toward a fair election next year. But Venezuela has not fully held up its side of the US sanctions deal, and now it is threatening to annex the oil-rich Essequibo region of neighboring Guyana. David Goldwyn, president
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Oil sector advised to "Be vigilant, not afraid" in facing wave of climate lawsuits
12/11/2023
Oil sector advised to "Be vigilant, not afraid" in facing wave of climate lawsuits
There are more than two dozen cases filed by US cities and states pending, with allegations that Big Oil knew about the dangers of burning fossil fuels and actively hid that information from consumers and investors. Lauren Varnado, an oil and gas trial lawyer and Houston office managing partner at t
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Winter is coming: Can gas, power sectors move from finger pointing to joint coordination?
12/04/2023
Winter is coming: Can gas, power sectors move from finger pointing to joint coordination?
Heading into this winter, relatively mild weather is forecast, but utility regulators have warned that an extended bout of extreme winter weather could stress infrastructure and present problems once again. Though progress has been made enhance winter preparedness, the interconnected nature of the g
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New underground mapping may mean more oil and gas, fewer cut trees
11/20/2023
New underground mapping may mean more oil and gas, fewer cut trees
The climate impact of fossil fuels is in the spotlight as world leaders prepare to head to the COP28 climate negotiations in the United Arab Emirates. Environmental impacts arise from many steps in the oil and gas production process, including the underground mapping that must be done before compani
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US Elections 2024: For Republicans, energy dialogue still possible
11/13/2023
US Elections 2024: For Republicans, energy dialogue still possible
With this year’s elections barely in the rear-view mirror, the 2024 US elections are just one year away. Already, there are questions about how energy policy, climate change and prices at the pump will play into this election cycle. Capitol Crude spoke with a Democratic and a Republican strategist f
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US Elections 2024: For Democrats, climate ‘a frontline priority’
11/06/2023
US Elections 2024: For Democrats, climate ‘a frontline priority’
It’s November, and that means US elections are just one year away. But how will energy policy, climate change and prices at the pump play into this election cycle? Capitol Crude spoke with a Democratic and a Republican strategist for their take. We’re going to present their views over two episodes.
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Power of AI: Skynet precursor or energy gamechanger?
10/30/2023
Power of AI: Skynet precursor or energy gamechanger?
Capitol Crude and Energy Evolution join forces to co-host today's episode, all about artificial intelligence being deployed in the energy and mining sectors. This week's guests are some of the journalists from the S&P Global Commodity Insights newsroom who worked together to write an expansive serie
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Biden’s got 99 problems but geopolitical doldrums ain’t one
10/23/2023
Biden’s got 99 problems but geopolitical doldrums ain’t one
Some 50 years after the 1973 Arab oil embargo, the oil markets are again bracing for potential disruptions after Hamas’ surprise attack on Israel and Israel's subsequent bombardment of Gaza. ClearView Energy Partners managing director Kevin Book joined the podcast to discuss the possible impacts to
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Tiny nuclear meets big oil: Can micro reactors reduce oil and gas operations emissions?
10/16/2023
Tiny nuclear meets big oil: Can micro reactors reduce oil and gas operations emissions?
Oil and gas production, transport and processing account for almost 15% of total energy-related greenhouse gas emissions globally, and the use of the oil and gas results in another 40% of emissions, according to the International Energy Agency. Powering upstream oil and gas facilities with low-emiss
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Fed up with new US offshore drilling plan, will oil sector say bye, bye, bye to Gulf of Mexico?
10/09/2023
Fed up with new US offshore drilling plan, will oil sector say bye, bye, bye to Gulf of Mexico?
In about two months, Interior Secretary Deb Haaland is expected to formally approve a new National Outer Continental Shelf Oil and Gas Leasing Program, putting a five-year offshore leasing plan back on the books after the country’s previous program expired over a year ago. As one could imagine, the
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Decarbonizing cement and concrete - major opportunity, or death by a thousand cuts?
10/02/2023
Decarbonizing cement and concrete - major opportunity, or death by a thousand cuts?
Fossil fuels used for power and vehicles have been in the spotlight as the Biden Administration seeks to reduce economy-wide carbon emissions to net-zero by 2050. But the US industrial sector is also a key source of carbon emissions, accounting for one-third of all energy related domestic greenhouse
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Show me the money: Oil sector walks tightrope to drive shareholder returns
09/25/2023
Show me the money: Oil sector walks tightrope to drive shareholder returns
Compared with 2014, the last time oil prices surged to the triple digits, the top 50 US oil and gas companies analyzed by EY more than tripled their earnings last year, according to EY’s annual E&P benchmarking study and earnings analysis. And improved efficiency of exploration and production operat
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Arctic battle not over: AIDEA comes out swinging in fight to drill within ANWR
09/18/2023
Arctic battle not over: AIDEA comes out swinging in fight to drill within ANWR
On Sept. 6, the Biden administration took steps to fulfill the president’s campaign promise to block oil and gas drilling in the Arctic National Wildlife Refuge, cancelling the last remaining oil and gas leases within ANWR. But the holders of those leases -- Alaska’s state-owned development finance
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There she blows: Interior whales on oil industry with offshore leasing restrictions
09/11/2023
There she blows: Interior whales on oil industry with offshore leasing restrictions
The Interior Department is set to hold Lease Sale 261 on Sept. 27, but oil and gas producers are not happy with the leasing terms and stipulations that Interior has put forth for this sale. Their main issue is with a voluntary settlement agreement the Biden administration entered into with environme
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Is the oil market ready to say goodbye to King Dollar?
08/28/2023
Is the oil market ready to say goodbye to King Dollar?
The G7-led coalition’s price cap imposed on Russian crude is set to be tested as oil prices rise. At the same time, the greenback’s supremacy in global oil trade is being challenged.  Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security and global consulting firm Horizon
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