In the heart of America\’s most populous state, a self-inflicted energy crisis is brewing—one that threatens not just California\’s economy but the nation\’s security. Governor Gavin Newsom\’s aggressive push toward Net Zero emissions by 2045 has accelerated the decline of the state\’s oil and gas industry, leading to refinery closures, skyrocketing fuel prices, and increased […]
Continue ReadingThe recent geopolitical shift in Venezuela, following the U.S.-led capture and removal of former President Nicolás Maduro in early 2026, has opened new doors for American energy companies. Chevron, the only U.S. oil major still operating in the country, is ramping up its activities amid eased sanctions and a special Treasury Department license. This development […]
Continue ReadingENB Pub Note: This article was first run on America Outloud News, and Ronald Stein has some outstanding points. We will cover this and other articles on the next Energy News Beat Stand-Up. The Net Zero emission goals of California government leaders, including Governor Gavin Newsom, cannot ignore the fundamental reality that wind turbines and […]
Continue ReadingIn the heart of California\’s oil country, a critical artery for the state\’s energy supply has been severed. The San Pablo Bay Pipeline, the largest inland crude oil pipeline in the Golden State, has shut down, forcing thousands of barrels of oil to be transported by truck instead. What was once a seamless underground flow […]
Continue ReadingENB Pub Note: This article is a fantastic follow-up to the interview that Stu Turley, Mike Umbro, and Katy Grimes had on the Energy News Beat Podcast on Friday. This is a gigantic Energy Security problem that the Trump Administration is now facing. We will be following this huge crisis, and please follow Katy at […]
Continue ReadingKaty Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast. This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return?” and in that story, she is pointing out […]
Continue ReadingThe Golden State\’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has plummeted to just 250,000 b/d in 2025. This decline isn\’t just a matter of exhausted wells; it\’s the result of […]
Continue ReadingENB Pub Note: This article was originally published on the California Globe and has some outstanding points that Michael Tanner and Stu Turley have been covering on the Energy News Beat Podcast for years. We have been asking whether Gavin has gone too far and how the economy will recover when all the oil companies […]
Continue ReadingWeekly Daily Standup Top Stories Citi Says Russia-Ukraine De-escalation Could Impact Oil to $50, and Oil’s Surplus Is Here—But What’s the Real Story? October 19, 2025 Clark Savage In the volatile world of energy markets, headlines from major financial institutions like Citigroup often grab attention. Recently, Citi analysts suggested that a potential de-escalation in the Russia-Ukraine […]
Continue ReadingIn a move that underscores the relentless squeeze on California\’s fossil fuel industry, Valero Energy has confirmed it will proceed with shutting down its Benicia refinery by April 2026, despite last-ditch negotiations with state officials. The 145,000-barrel-per-day facility, a cornerstone of West Coast refining since 1968, falls victim to what Valero cites as an unforgiving […]
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