Tag: California

Jack Prandelli stops by the Energy News Beat Global Oil and Gas Markets Update

Clark Savage88

You won’t want to miss this episode with Jack Prandelli from Switzerland. As an international trader and Substack Author, Jack has been on target with his articles on global oil and Gas Markets. Check out The Merchant’s News : https://themerchantsnews.substack.com/ Follow Jack on X @jackprandelli Connect with Jack on LinkedIn: https://www.linkedin.com/in/prandelligiacomo/ Add Free for our SubStack Subscribers. Jack Prandelli […]

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Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions

Clark Savage118

Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]

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As legislators look to write meaningful bills to help consumers, some are missing the mark before they start

Clark Savage121

A new series on legislators trying to virtue-signal consumer protection, starting with Virginia. – The Energy News Beat SubStack.  Not passing the Save America Bill may be one of the primary reasons the Republicans will lose the Midterms if they don’t stop acting like a Uni-party and helping the Democrats more than President Trump and […]

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California Extends Its Key Climate Programs, Condemning the State to High Energy Prices

Clark Savage162

On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]

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California Loses Bid to Block Sable Offshore from Pumping Oil

Clark Savage216

In a significant victory for American energy production and common sense, a federal judge has rejected California’s latest attempt to shut down Sable Offshore Corp.’s operations, allowing the company to continue moving domestically produced crude oil through its pipeline system. The ruling underscores the ongoing tension between California’s aggressive anti-oil policies under Governor Gavin Newsom […]

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Oil from US Emergency Reserves Heads to California for the First Time, Kpler Says

Clark Savage151

In a notable development underscoring shifting global energy trade flows amid ongoing Middle East tensions, a cargo of crude oil drawn from the U.S. Strategic Petroleum Reserve (SPR) is heading to California for the first time ever, according to ship-tracking firm Kpler. The shipment involves approximately 460,000 barrels of Bayou Choctaw Sweet crude destined for […]

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