Your Weekly Energy News Roundup Stay up to date with the latest energy news! US ENERGY UPDATE | January 4, 2024 View this email in your browser Biden Administration Grants Louisiana Power to Approve Carbon Capture Wells The Biden administration is handing Louisiana regulators new power to attract and approve carbon capture projects at a time when the state’s influential energy sector wants to make the Gulf Coast a hub for the rapidly expanding industry. Read More Why Oil Prices Never Surged to $100 This Year Travelers, truckers, and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year. A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from roughly $86 a barrel to well over $100 in 2023. Instead, futures on Brent crude declined 10% to finish the year trading for about $77 a barrel, though experts warn any spread in global instability could drive it higher.  Read More  Energy Cases to Watch in 2024 Energy regulators’ power to address planet-warming emissions is in the crosshairs in federal courts in 2024. In one of the year’s biggest cases, the Supreme Court could rein in the Federal Energy Regulatory Commission’s ability to use 50-year-old laws to take bold action on emerging problems like climate change. At issue in Loper Bright Enterprises v. Raimondo — a high-profile legal battle that will ripple through all federal agencies — is whether the justices should overturn the Chevron doctrine, which for 40 years has given regulators at FERC and elsewhere the benefit of the doubt in lawsuits over their rules. Read More Iberdrola Calls off $8.3bn Acquisition of US Power Utility PNM Resources Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, canceling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in the US utilities sector. Read More China Ramping Up Nuclear Energy as U.S. Turns to Wind and Solar The United States is closing older nuclear power plants and only taking baby steps toward building new ones while China, the world’s No. 2 economy, aggressively ramps up its nuclear power inventory to add 37 new reactors in the past decade. Read More Subscribe to the US Energy Update The US Energy Update was created to keep the public informed about the wide range of energy news which comes from the diverse and fast-paced energy industry. Our mission is to provide a compendium of interesting and insightful news relevant to energy industry professionals and observers.   Subscribe Today Copyright © 2024 US Energy Update, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.