Truth fuels a freer world.
United States
A conservative journal championing American prosperity, oil and gas, energy security and free enterprise.
Federal energy records point to another record year for U.S. crude output, but they also show why that headline should not be mistaken for measured results or easy fuel relief. EIA’s own forecast pairs higher oil production with tighter distillate supplies and higher expected diesel prices.
The White House and Energy Department announced a sweeping Venezuela oil deal, and Treasury later listed new Venezuela general licenses. The available federal record supports a pathway for talks and some transactions, but it does not publicly prove completed ownership transfers, enforceable concessions, payments, or new production.
BOEM’s September 24 BBG3 posting adds a fresh administrative step to the August 12 Gulf lease sale that Interior said drew $82.69 million in high bids. The public record supports a pro-development signal for offshore investment, but it does not yet show executed leases, collected payments, drilling or production.
