Biden Puts the Freeze on Arctic Drilling Deals

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Daily Bulletin

Futures Curve

Lone Star Stories

The U.S. Department of the Interior will revoke drilling leases in Alaska's Arctic National Wildlife Refuge previously sold by the Trump administration and halt new oil development leases in Alaska's National Petroleum Reserve. These decisions come amidst longstanding debates over environmental and wildlife concerns in the region and follows other energy-related decisions made by the Biden administration.

The Permian Basin, the U.S.'s busiest onshore oil field, is experiencing land subsidence due to increased oil and gas production, with some areas sinking by 3 to 4 centimeters annually, potentially impacting fault zones and risking earthquakes. As oil and gas extraction continues to grow in the region, concerns include surface disturbances, underground aquifer contamination, and a significant increase in methane releases contributing to climate change.

Reader Question of the Day

What are the advancements in catalysts for the refining process to optimize output?

Catalysts are like magic ingredients in the refining process. They help turn crude oil into useful products like gasoline and diesel more efficiently. Over the years, scientists have been working hard to make these catalysts even better. One big advancement is the creation of catalysts that can handle "dirtier" or lower-quality crude oil. This means refineries can use a wider range of oil types and still get great results.

Another exciting development is in catalysts that last longer and work faster. This means refineries can produce more fuel in less time, saving energy and money. Plus, some of the newer catalysts are designed to make cleaner fuels, which is great for the environment. All these advancements mean we get more bang for our buck from every drop of oil, making the whole process smarter and more efficient.

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