Podcasts about American Petroleum Institute

June 12, 2025 ~ Later this morning, Amanda Eversole, Executive Vice President & Chief Advocacy Officer at the American Petroleum Institute, will be at the White House as the President signs the Congressional Review Act Law that will overturn California's fuel standards. She joins Dave Trott before leaving for the White House.

Today we're delighted to welcome back Mike Sommers, President and CEO of the American Petroleum Institute (API). Mike has led the API since 2018 and previously spent two decades in senior leadership roles in the U.S. House of Representatives and the White House, including as Chief of Staff to Speaker of the House John A. Boehner and as Special Assistant to President George W. Bush on the National Economic Council. The API represents 600 members across the full spectrum of the U.S. petroleum industry, with roots dating back to World War I, when Congress and the domestic oil and gas sector joined forces to support the war effort. We first hosted Mike on COBT in September 2021 (episode linked here), and with all the changes in energy and Washington since then, we had plenty to catch up on. We were thrilled to visit with Mike to hear his latest insights. As you will hear, there is almost no energy topic Mike can't help us think through. In our discussion, we explore evolving attitudes in Washington toward natural gas, from being viewed as a waste product to a “bridge fuel” during the Obama era, and now as a “forever fuel” due to its growing importance in meeting rising energy demand. We examine the increased engagement between tech companies and the energy industry, the urgent need for a more durable, streamlined, and predictable permitting system to support the expansion of energy infrastructure, referencing the Supreme Court's recent decision that narrows NEPA's scope and increases deference to agency decisions, potentially reducing project delays. We discuss the ongoing debate and uncertainty regarding the IRA, which incentives may survive in reconciliation, and the potential impact of legislative changes on clean energy investment. Mike shares his perspective on the recent House Bill, which removed renewable tax credits, and the expectation of reconciliation in the Senate. We cover the new National Energy Dominance Council and its role in coordinating energy policy across federal agencies, the evolving balance between federal and state authority in energy regulation, and advocacy for consumer choice in vehicle technology, specifically the recent repeal of the California EV mandate. We explore Alaska's resource potential, including the opportunity to build an LNG terminal to utilize natural gas currently being reinjected, and the broader significance for U.S. energy security and exports to Asia, the strategic importance of domestic oil and gas, the role of judicial review in permitting, and much more. It was a fantastic conversation and we greatly appreciate Mike for joining. Mike Bradley kicked off the discussion by noting that while remnants of “Trumpatility” have mostly faded, with S&P 500 volatility now low, broader markets remain sensitive to Trump's policies, as highlighted this week by the doubling of aluminum and steel import tariffs. He pointed out that oil prices have surprised traders to the upside so far this week, rising more than $2/bbl despite OPEC+ signaling a July production increase of >400kbpd. Mike also discussed EOG Resource's $5.6 billion deal to acquire Encino Acquisition Partners' Utica asset, noting that the deal adds another large core oil asset play for EOG and could also prove to serve as a backdoor natural gas play, especially if the Northeast finally opens up for energy infrastructure spending. Jeff Tillery added to Mike's comments, noting that despite the day-to-day volatility in oil markets, the long-term outlook still comes down to tight supply and the need for real demand growth. On the gas side, he pointed to strong demand pull but emphasized that the key question is where prices will ultimately settle given the ample supply. Thanks to you all. We hope you enjoy today's discussion as much as we did!

Additional benefits from the 90-day tariff pause between the U.S and China have come to light; Kevin discusses these benefits. Goldman Sachs analysis indicates President Trump's preferred crude oil prices; Kevin discusses this and offers his insights. The U.S. Treasury released the April Tariff Revenue data; Kevin discusses the effect on the budget deficit, additionally, Zero Hedge points out other unexpected surprises in the data; Kevin has the details. Steelmaker Nucor shut down production at some of its facilities; Kevin has the details and offers his insights. Oil and gas prices react to unexpected U.S. crude oil inventory data, OPEC+ adjustments to oil supply growth forecasts and data from the American Petroleum Institute.

Additional benefits from the 90-day tariff pause between the U.S and China have come to light; Kevin discusses these benefits. Goldman Sachs analysis indicates President Trump's preferred crude oil prices; Kevin discusses this and offers his insights. The U.S. Treasury released the April Tariff Revenue data; Kevin discusses the effect on the budget deficit, additionally, Zero Hedge points out other unexpected surprises in the data; Kevin has the details. Steelmaker Nucor shut down production at some of its facilities; Kevin has the details and offers his insights. Oil and gas prices react to unexpected U.S. crude oil inventory data, OPEC+ adjustments to oil supply growth forecasts and data from the American Petroleum Institute.

In this episode, LYB Vice President and Chief Sustainability Officer Andrea Brown shares her perspective on the evolving sustainability landscape and how LYB is turning ambition into action with "Vision to value". With decades of global experience—from the World Business Council for Sustainable Development to the GHG Protocol—Andrea brings a rich perspective to this year's Sustainability Report and the theme “Vision to value.” Tune in as Andrea shares: Her global sustainability journey and leadership insights Why sustainability is mission-critical in today's regulatory and economic climate How turning vision into value is shaping the LYB company strategy and business outcomes Milestones from the past year—and what she's most proud of Real-world examples of sustainability driving commercial success Read the full LYB sustainability report on LYB.com and stay updated with all related news and future podcast episodes. Subscribe and don't miss an episode! Connect with us on social media: LinkedIn: LyondellBasell Facebook: LyondellBasell Instagram: LyondellBasell X: @LyondellBasell Forward-looking statements The statements in this podcast relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LYB, which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this podcast, the words “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results could differ materially based on factors including, but not limited to, market conditions, the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; our ability to successfully implement initiatives identified pursuant to our Value Enhancement Program and generate anticipated earnings; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures' products, and the related effects of industry production capacities and operating rates; our ability to manage costs; future financial and operating results; benefits and synergies of any proposed transactions; receipt of required regulatory approvals and the satisfaction of closing conditions for our proposed transactions; final investment decision and the construction and operation of any proposed facilities described; our ability to align our assets and expand our core; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; our ability to meet our sustainability goals, including the ability to operate safely, increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to procure energy from renewable sources; our ability to build a profitable Circular and Low Carbon Solutions business; the continued operation of and successful shutdown and closure of the Houston Refinery, including within the expected time frame; potential governmental regulatory actions; political unrest and terrorist acts; risks and uncertainties posed by international operations, including foreign currency fluctuations; and our ability to comply with debt covenants and to repay our debt. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Risk Factors section of our Form 10-K for the year ended December 31, 2024, which can be found at www.lyb.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.There is no assurance that any of the actions, events, or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LYB at the time the statements are made. LYB does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law. This podcast contains time-sensitive information that is accurate only as of the date hereof. Information contained in this release is unaudited and is subject to change. We undertake no obligation to update the information presented herein, except as required by law. Our reported emissions and expected reductions are based on a combination of measured and estimated data and are based on industry standards and best practices, including the Greenhouse Gas Protocol and guidance from the American Petroleum Institute. Emissions reported are estimates only, and data is subject to change as methods, data quality, and technology improvements occur. Our goals to reduce emissions are good-faith efforts based on current relevant data and methodology, which could be changed or refined as we evolve our approach to identifying, measuring, and addressing emissions.  

Today we had the distinct pleasure of hosting Mark Lashier, Chairman and CEO of Phillips 66. Mark joined Phillips 66 as President and COO in 2021 and assumed the CEO role in July 2022. Prior to that, he served as the President and CEO of Chevron Phillips Chemical Company (CPChem), where he held several senior leadership roles, including Executive Vice President of Olefins and Polyolefins, Senior Vice President of Specialties, Aromatics and Styrenics, and Vice President of Corporate Planning and Development. Mark began his career at Phillips Petroleum and holds a doctorate in Chemical Engineering. Beyond his leadership at Phillips 66, he serves on the Executive Committee of the American Petroleum Institute and is a Board Member of the Greater Houston Partnership and several other nonprofit organizations. Mike, Arjun and I were thrilled to host Mark for this Special Edition to discuss Phillips 66's recent performance, his strategic vision for the company, insights into today's energy landscape, and the ongoing debate with Elliott Management. In our discussion, Mark shares background on his career and transition to CEO, his early priority of addressing improvements in Phillip 66's refining segment, and the cultural transformation to re-instill pride and competitiveness amongst refiners, which involved engaging employees at all levels and investing in strategic capital projects to fix operational bottlenecks and improve reliability and earnings. We discuss Bob Pease's addition to the board, who was originally nominated through Elliott's engagement, and how he shifted from being skeptical to supportive of the company's strategy, execution, and focus on shareholder returns. We explore the history and structure of CPChem, the benefits of Phillips 66's integrated business model during times of volatility and potential downturns, and the company's industry-leading safety performance, which ties safety directly to employee compensation. Mark shares his perspective on why maintaining a diversified portfolio across refining, midstream, and chemicals is strategically and financially advantageous, as well as the optimization and regulatory advantages of an integrated structure. We touch on Phillips 66's strong ROCE versus peers, activist pressure to sell midstream assets for a higher multiple, growth across their midstream business, and broader global trends toward integration rather than asset breakups. Mark highlights the company's refining performance improvement, the rationale behind merging PSXP and DCP assets, efforts to attract generalist investors back to the energy sector by demonstrating consistent earnings, Phillips 66's philosophy of keeping assets “for sale every day” to ensure focus on shareholder value, and much more. We greatly appreciate Mark for sharing his candid insights into a complex and highly public debate. As you will hear, we reference a few items in the discussion. Phillip 66's Investor Relations presentation entitled “Delivering Value & Demonstrating Commitment,” released Monday, April 28, is linked here. Veriten's COBT episode featuring Doug Terreson is linked here. Thanks to Mark for joining us for an insightful discussion and thanks to you all for your friendship and support!

Jerome Powell gave a speech at the Economic Club of Chicago; Kevin unpacks the information and offers his insights, correcting the record and offering clarity. While at the MId-America Trucking Show, Kevin interviewed Beth Wilson, Manager of Engine Oil, DEF, After-Market Auditing Program, American Petroleum Institute. The U.S. Commerce Department released the March Retail Sales report; The Federal Reserve released the Manufacturing numbers for March and the Capacity Utilization report: Kevin has all the details and offers his insights.

Jerome Powell gave a speech at the Economic Club of Chicago; Kevin unpacks the information and offers his insights, correcting the record and offering clarity. While at the MId-America Trucking Show, Kevin interviewed Beth Wilson, Manager of Engine Oil, DEF, After-Market Auditing Program, American Petroleum Institute. The U.S. Commerce Department released the March Retail Sales report; The Federal Reserve released the Manufacturing numbers for March and the Capacity Utilization report: Kevin has all the details and offers his insights.

This Day in Legal History: Patent Act of 1790On April 10, 1790, the United States passed its first patent law, the Patent Act of 1790, laying the groundwork for a legal framework that would protect inventors and promote innovation. This early legislation granted inventors the exclusive right to their discoveries for a period of 14 years, provided the invention was deemed "useful and important." It was signed into law by President George Washington and represented one of the earliest legal efforts by the new republic to encourage economic growth through technological advancement. The law established a board composed of the Secretary of State, the Secretary of War, and the Attorney General, who were tasked with reviewing patent applications and deciding whether to approve them.Notably, the law gave the federal government broad discretion over what could be patented and required that a patent be granted only if the invention was new and useful. The first U.S. patent under this act was issued on July 31, 1790, to Samuel Hopkins for a process of making potash, a key industrial chemical. Although modest in scope, the law was revolutionary in its recognition of intellectual property as a public good worth safeguarding. It helped move the United States toward a more structured innovation economy, setting a precedent that influenced global norms on patent protection.The 1790 law was replaced just three years later by the Patent Act of 1793, which shifted the review process to a more administrative function, but the foundational principle—that inventors should have exclusive rights to their creations—remained intact. This early commitment to fostering invention through legal means helped spur the rapid technological growth that would define American industry in the 19th century and beyond. The act exemplified how the law could be used to incentivize creativity and economic development at a national scale.Bristol Myers Squibb successfully got a proposed class action lawsuit dismissed that had accused it of using fraudulent tactics to maintain a monopoly over its cancer drug, Pomalyst. The suit, led by Blue Cross Blue Shield of Louisiana, claimed that Bristol Myers and its subsidiary Celgene illegally secured patents and filed sham lawsuits to delay the entry of generic versions of Pomalyst, which is used to treat multiple myeloma. However, U.S. District Judge Edgardo Ramos ruled that the plaintiffs failed to prove that any of the six patents were obtained through fraud. He also found no evidence that the nine lawsuits Celgene filed between 2017 and 2020 against generic manufacturers like Teva and Mylan were baseless or intended to secure fraudulent settlements.The plaintiffs alleged that they had been overpaying for the drug since October 2020, the point at which generics could have entered the market if not for the alleged conduct. Pomalyst brought in $3.55 billion in sales in 2024, accounting for more than 7% of Bristol Myers' revenue. Celgene originally developed the drug, and Bristol Myers acquired the company in 2019. The case was heard in the U.S. District Court for the Southern District of New York.Bristol Myers wins dismissal of lawsuit alleging Pomalyst monopoly | ReutersThe Trump administration has frozen over $1 billion in federal funding for Cornell University and $790 million for Northwestern University amid investigations into alleged civil rights violations. The freeze affects grants and contracts from several federal agencies, including health, education, agriculture, and defense. This move is part of a broader crackdown targeting universities over pro-Palestinian campus protests, diversity programs, and transgender policies. The administration previously warned 60 universities, including Cornell and Northwestern, about potential enforcement if they failed to address what it labeled as antisemitism.Cornell confirmed it received “stop work” orders from the defense department affecting research projects but said it hasn't been formally notified of the total funding freeze. Northwestern similarly acknowledged awareness of media reports but stated it hadn't received official notice. The university emphasized the freeze could endanger critical research, including projects on cybersecurity, pacemakers, and Alzheimer's treatment.This action follows similar measures taken against Harvard, Princeton, Columbia, and the University of Pennsylvania. Columbia, which lost $400 million in funding, later agreed to administrative changes in exchange for potential reinstatement. Federal agents have also begun detaining and deporting some foreign student protesters, revoking visas in the process. Critics, including human rights groups, have voiced concerns over free speech, academic freedom, Islamophobia, and anti-Arab discrimination amid the escalating response to pro-Palestinian activism on campuses.US freezes funding for Cornell, Northwestern University in latest crackdownPresident Trump has issued a new executive order aimed at blocking state-level climate policies that seek to reduce fossil fuel use and limit carbon emissions. The directive instructs the U.S. attorney general to identify and challenge state laws related to climate change, environmental justice, ESG (environmental, social, and governance) standards, and carbon regulation. The move aligns with Trump's broader agenda to boost domestic fossil fuel production and roll back Democratic-led environmental initiatives.The order specifically targets policies in states like New York, Vermont, and California, including financial penalties on fossil fuel companies, California's cap-and-trade system, and climate-related lawsuits brought by state governments. Trump described these measures as ideologically driven and harmful to national energy and economic security.Governors Kathy Hochul (NY) and Michelle Lujan Grisham (NM), co-chairs of the U.S. Climate Alliance, condemned the order, asserting states' rights to enact environmental protections. They reaffirmed their commitment to clean energy and climate resilience. The American Petroleum Institute supported Trump's move, framing it as a defense against unconstitutional state actions that burden oil and gas companies.Trump issues order to block state climate change policies | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Soybeans and Biofuel Push3:23 "Liberation Day"5:04 Heavy US Rainfall7:55 Farmer Sentiment Declines9:54 StoneX Cuts Brazil Crop EstimatesBiofuel Groups Push for Higher Diesel Mandates ⚡

This episode of the Pipeliners Podcast features Dave Murk from the American Petroleum Institute discussing the upcoming API Pipeline Conference. The conversation covers the conference's new format, its "Just Good Business" theme, and key topics such as pipeline safety, regulatory developments, and workforce training. David also highlights the event's keynote speakers, including Dr. Martha Acosta, who will discuss building safety capacity and learning from failures in the industry. Visit PipelinePodcastNetwork.com for a full episode transcript, as well as detailed show notes with relevant links and insider term definitions. 

Mike Sommers, President and CEO of the American Petroleum Institute calls in to talk about addressing the Economic Club Of Pittsburgh to talk about Natural gas in our region.

Freezing your gas off! Weather is in the news affecting travel and crude oil and LNG pipelines. A new unique method of cargo theft, Kevin explains. Two tort reform bills introduced in Georgia are welcomed by the trucking industry, Kevin offers his insights. Oil reacts to supply disruptions in Russia and the U.S. awaiting clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine; a 30-40% disruption to a pipeline from Kazakhstan - due to a drone attack; cold weather in the U.S. threatened oil supply from North Dakota and refineries in Texas and awaiting U.S. oil inventory data from American Petroleum Institute and the Energy Information Administration.

Freezing your gas off! Weather is in the news affecting travel and crude oil and LNG pipelines. A new unique method of cargo theft, Kevin explains. Two tort reform bills introduced in Georgia are welcomed by the trucking industry, Kevin offers his insights. Oil reacts to supply disruptions in Russia and the U.S. awaiting clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine; a 30-40% disruption to a pipeline from Kazakhstan - due to a drone attack; cold weather in the U.S. threatened oil supply from North Dakota and refineries in Texas and awaiting U.S. oil inventory data from American Petroleum Institute and the Energy Information Administration.

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Rollins Confirmed2:05 DOGE and USDA3:53 Corn and Wheat Rally5:24 Black Sea Tensions8:28 Year-Round E15?10:00 The Funds11:06 Brazil Update12:26 US Corn is CompetitiveBrooke Rollins Confirmed as US Secretary of Agriculture

*Climate Depot: Listen in as Fred Williams and co-host Doug McBurney welcome Marc Morano founder of climatedepot.com who has appeared on numerous TV shows including Fox news, CNN and with Bill Nye the Fake Science Guy! *The Warmest Year Ever? Here how statistical weaponization going back to Al Gore's "Inconvenient Truth" has been used to claim almost every year is the "hottest year on record" somewhere... *Big Oil & the Paris Climate Accords: Find out why even the American Petroleum Institute wants to get on board with the "carbon capture" boondoggle, and why and how the president can and must get America out of global climate accords permanently! *Check out the Receipts: Check out all of Marc Morano's books for more evidence and good reporting about what he has almost single-handedly exposed as one big globalist climate scam! *Cautious Optimism: Find out who in the Trump administration is really dedicated to ending the climate communism scam, and who needs to be watched! Reason # 1270: to get, or keep your kids out of the government schools: the climate brainwashing starts in kindergarten, and goes right through graduate school!

*Climate Depot: Listen in as Fred Williams and co-host Doug McBurney welcome Marc Morano founder of climatedepot.com who has appeared on numerous TV shows including Fox news, CNN and with Bill Nye the Fake Science Guy! *The Warmest Year Ever? Here how statistical weaponization going back to Al Gore's "Inconvenient Truth" has been used to claim almost every year is the "hottest year on record" somewhere... *Big Oil & the Paris Climate Accords: Find out why even the American Petroleum Institute wants to get on board with the "carbon capture" boondoggle, and why and how the president can and must get America out of global climate accords permanently! *Check out the Receipts: Check out all of Marc Morano's books for more evidence and good reporting about what he has almost single-handedly exposed as one big globalist climate scam! *Cautious Optimism: Find out who in the Trump administration is really dedicated to ending the climate communism scam, and who needs to be watched! Reason # 1270: to get, or keep your kids out of the government schools: the climate brainwashing starts in kindergarten, and goes right through graduate school!

THE TIM JONES AND CHRIS ARPS SHOW 0:00 SEG 1 Speaker’s Stump Speech is about remarks from the Liberty Ball and is brought to you by https://www.hansenstree.com/ 20:21 SEG 2 Mike Karbo, Director of the American Petroleum Institute’s Midwest Region | TOPIC: The economic impact of Trump’s plan to unleash U.S. energy, especially for Missourians | Offshore drilling | EV mandates | Liquefied natural gas | API is the largest U.S. trade association for the oil and natural gas industryhttps://www.api.org/ 33:50 SEG 3 House passes The Laken Riley Act with 46 Democrats crossing party lines https://newstalkstl.com/ FOLLOW TIM - https://twitter.com/SpeakerTimJones FOLLOW CHRIS - https://twitter.com/chris_arps 24/7 LIVESTREAM - http://bit.ly/NEWSTALKSTLSTREAMS RUMBLE - https://rumble.com/NewsTalkSTL See omnystudio.com/listener for privacy information.

American Petroleum Institute's Mike Sommers returns to Hold These Truths to survey the past four years of the Biden-Harris Administration's most devastating anti-fossil fuel energy policies and how the incoming Trump Administration might reverse them. They look at what the future of energy looks like for Texas and the rest of America. And they fact check the tv series Landman's portrayal of the oil and gas industry.   Mike Sommers is the President and CEO of the American Petroleum Institute, the largest trade association representing all aspects of America's oil and natural gas industry. Follow him on X at @mj_sommers.   How realistic is Taylor Sheridan's Landman?   “100 million barrels of oil a day”   Biden's latest offshore lease restrictions   American natural gas, a clear win for the environment.    “It's better to get ahead of the regulators.”   The argument for exporting natural gas   Bitcoin mining in west Texas   The EPA's twin tail pipe rules – Biden's war on internal combustion engines   The real costs of electric vehicles   At what point do you have too much wind power?   The future of the Texas grid   First steps for Trump's EPA

The U.S. Chamber of Commerce and American Petroleum Institute have sued Vermont over a landmark climate law that seeks damages for climate change from big oil companies, and is modeled after the federal Superfund program.

Scott Lauermann, Sr. Manager / Media Relations for the American Petroleum Institute, joins Marc & Kim to discuss how the API opposes further restrictions to offshore oil and natural gas development.

In the final hour of the Marc Cox Morning Show * How did MoDOT fail during this snow storm? * Scott Lauermann, Sr. Manager / Media Relations for the American Petroleum Institute, joins Marc & Kim to discuss how the API opposes further restrictions to offshore oil and natural gas development. * FOX News' Eben Brown, joins the Marc Cox Morning Show to talk about Pope Francis on Monday named Cardinal Robert McElroy of San Diego as the archbishop of Washington, tapping one of his most progressively like-minded allies to head the Catholic Church in the U.S. Capital at the start of the second Trump Administration. * Dems say they don't deny elections...Marc proves them wrong Thanks for listening!!

This Day in Legal History: First Year with No LynchingsOn December 30, 1952, the Tuskegee Institute released a landmark report marking the first recorded year without a lynching of African Americans in the United States since the institute began keeping records in 1881. The grim practice of lynching—extrajudicial killings often carried out by mobs to enforce racial subjugation—had claimed thousands of lives, becoming a chilling emblem of racial terror, particularly in the Southern United States. Tuskegee's data captured the scope of this violence, documenting nearly 4,000 lynchings of Black individuals over the prior seven decades.The significance of 1952 as a year without reported lynchings underscored the impact of growing civil rights activism, the waning influence of vigilante groups, and increasing legal accountability. This milestone also reflected shifts in public attitudes and the effectiveness of organizations like the NAACP, which tirelessly campaigned against lynching and for federal anti-lynching legislation. Despite this progress, racial violence and discrimination persisted in other forms, underscoring that the end of lynching did not mean the end of systemic racism."Strange Fruit," a haunting protest song famously recorded by Billie Holiday in 1939, had kept the horrors of lynching at the forefront of public consciousness. Its stark imagery of "black bodies swinging in the Southern breeze" served as a chilling reminder of the atrocities endured by Black Americans. While the 1952 milestone was a cause for solemn reflection, it was also a call to sustain the fight for racial justice and equality in a nation still grappling with deep-seated prejudices.Rupert Murdoch and other senior leaders of Fox Corporation will face claims from investors alleging personal responsibility for financial harm stemming from false election conspiracy theories aired by Fox News. Delaware Chancery Court's Vice Chancellor J. Travis Laster denied Fox's motion to dismiss the lawsuit, stating that the plaintiffs had sufficiently argued that Murdoch could likely be held liable for knowingly permitting defamatory content to be broadcast. The lawsuit follows Fox's record-breaking settlement with Dominion Voting Systems and comes as Smartmatic pursues a separate $2 billion defamation suit. The investors claim that the leadership's actions and decisions led to significant economic fallout, asserting that corporate governance failures allowed reputational and financial damage to occur. While the court's decision enables the case to proceed, it does not guarantee success for the plaintiffs, leaving the ultimate outcome of the claims to trial.Fox, Murdoch, Execs Must Face Election Defamation Payout SuitA federal appeals court upheld a $5 million verdict against Donald Trump in a case brought by E. Jean Carroll, a former magazine columnist, who accused him of sexual assault and defamation. The decision, issued by a three-judge panel of the 2nd U.S. Circuit Court of Appeals, stems from a 2023 jury verdict that found Trump liable for sexually abusing Carroll in the 1990s and defaming her in a 2022 Truth Social post. While jurors did not find Trump guilty of rape, they awarded Carroll $2.02 million for sexual assault and $2.98 million for defamation.Carroll has also secured an $83.3 million defamation verdict from a separate jury in January 2024, which Trump is appealing. These legal battles persist despite Trump's return to the presidency following his 2024 election victory. Trump's defense argued that the trial judge improperly allowed testimony from two other women alleging past misconduct and included the infamous "Access Hollywood" tape as evidence. Both trials were overseen by U.S. District Judge Lewis Kaplan. This case continues to highlight the lack of immunity for sitting presidents in civil litigation unrelated to their official duties, following a precedent set during Bill Clinton's presidency.Trump loses appeal of E. Jean Carroll $5 million defamation verdict | ReutersThe oil and gas industry is facing increasing legal and legislative pressure over its role in climate change. States like New York and Vermont have enacted “climate Superfund” laws, with New York's targeting $75 billion from major polluters over 25 years to fund climate mitigation efforts. Meanwhile, multiple states and cities have filed lawsuits alleging misinformation campaigns by fossil fuel companies about climate change and plastic pollution. These efforts, while separate, are creating a coordinated front against the industry and building evidence to attribute emissions to specific companies.Experts suggest that legislative efforts like climate Superfund laws and lawsuits may bolster each other by generating an evidentiary record for liability. However, there are concerns about overstepping legal boundaries, as courts may reject overlapping claims for damages under federal laws like the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Fossil fuel companies argue that climate-specific laws conflict with existing federal laws such as the Clean Air Act and may face challenges in implementation.The American Petroleum Institute and energy companies have expressed resistance to these legal actions, with a preference for fighting rather than settling claims. While states hope to hold polluters accountable, the success of these strategies remains uncertain as courts, lawmakers, and the industry test the boundaries of new legal frameworks.Climate Liability Laws, Litigation Add to Oil Industry HeadacheThe legal industry is set for another wave of consolidation in 2025, with several major law firm mergers scheduled for January 1. Among these, Troutman Pepper Hamilton Sanders will merge with Locke Lord to create Troutman Pepper Locke, a firm with 1,600 attorneys and projected annual revenues exceeding $1.5 billion. Similarly, Womble Bond Dickinson is merging with Lewis Roca Rothgerber Christie, combining to form a 1,300-lawyer firm with $742 million in revenues. Taft Stettinius & Hollister is joining with Sherman & Howard, projecting revenues of $810 million for the merged entity.Philadelphia-based Ballard Spahr will combine with Lane Powell, forming a 750-lawyer firm operating in 18 U.S. offices. These moves follow 41 law firm mergers in the first nine months of 2024, with industry analysts predicting continued activity next year. Firms are responding to client demand for broader services and geographic reach, as businesses increasingly consolidate their legal needs with fewer providers. Smaller and midsize firms are pursuing mergers to access new markets and clients, while the most profitable firms focus on lateral hires and internal growth. Rising costs, including attorney salaries and investment in generative AI technologies, are also pressuring firms to consolidate. Transatlantic mergers are gaining momentum as well, with U.K.-based firms like Allen & Overy and Herbert Smith Freehills expanding into the U.S. market through deals with Shearman & Sterling and Kramer Levin Naftalis & Frankel, respectively. These global mergers highlight the evolving competitive landscape in the legal sector.Law firms' quest for market share drives New Year's merger wave | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

U.S. Commerce Department released the Personal Consumption Expenditures price index, what does this inflation gauge tell us about the direction of inflation. The Conference Board released the consumer confidence index for December, Kevin offers his perspective on the report. Initial holiday sales numbers are in, how do they compare to prior years? Oil prices react to the dollar's strength, hopes for addition fiscal stimulus in China, American Petroleum Institute reporting that U.S. crude oil stocks falling and expected confirmation of those declines by the Energy Information Administration. 

U.S. Commerce Department released the Personal Consumption Expenditures price index, what does this inflation gauge tell us about the direction of inflation. The Conference Board released the consumer confidence index for December, Kevin offers his perspective on the report. Initial holiday sales numbers are in, how do they compare to prior years? Oil prices react to the dollar's strength, hopes for addition fiscal stimulus in China, American Petroleum Institute reporting that U.S. crude oil stocks falling and expected confirmation of those declines by the Energy Information Administration. 

Amanda Eversole with the American Petroleum Institute joins the DVJournal podcast to talk about the Biden administration's policy toward LNG exports. Eversole, who serves as Executive Vice President & Chief Advocacy Officer, talks to DVJournal's Taylor Millard about a new Biden Department of Energy report warning against "unfettered exports."Eversole talks about the impact of LNG on the Pennsylvania economy, the challenges facing America's power grid and Chris Wright, President Trump's pick to head the Department of Energy.Hosted by Michael Graham of InsideSources.com.

World Oil sat down with Hamza Hallal, Senior Manager, Monogram/APIQR, American Petroleum Institute (API), to discuss API's Monogram Program, and how the association monitors and engages with users to ensure that they are following API standards and specifications.

Consumer confidence reports released; what does it tell us? News regarding Stellantis, Ford Motor Co. and GM; are they displaying strength or weakness? Oil reacts to the Israel - Lebanon ceasefire, OPEC+ begins discussions to continue production cuts or increases, Trump threatens 25% tariffs on Canadian and Mexican goods unless they stem the massive flow of immigration and drugs across the borders, and anticipated crude oil stockpile data dew from the American Petroleum Institute.

Dave and Stephanie dig into what caused voters to ignore Donald Trump's felony convictions, indecency, incompetence, narcissism, and dishonesty – and elect him president. This includes a review of the 50-year war waged by the mega-rich and corporations to undermine civility, compassion, equity and rule of law, to elevate the free enterprise system, rob the working class and enrich themselves. The Lewis Powell Memo kicked this into high gear 50 years ago. They also propose theories about why Dave's campaign for president failed in its mission to alert the public, media and policymakers to the ecological overshoot emergency. Clips: Desi Lydic on The Daily Show on Comedy Central and Jimmy Kimmel on Jimmy Kimmel Live on ABC. Mentioned in this episode: Donald Trump, Kamala Harris, Elon Musk, Steven Spielberg, Bill Gates, Chris Hedges, Thom Hartmann, William Kristol, Andrew Egger, Dan Lashoff of World Resources Institute, American Petroleum Institute, Guttmacher Institute, American Enterprise Institute, Hoover Institution, Cato Institute, Heritage Foundation, Mercatus Center, Warren Beatty, Jane Fonda, Terry Spahr, John McCain, Reagan, Bush, Grist. We invite your feedback, including thoughts about the recent election, and promise to share some of your comments on the next episode. Call and leave a voice message (which we may play on that episode) by dialing +1-719-402-1400. Or send an email to podcast at growthbusters dot org. LINKS:  Desi Lydic Reacts to Trump's Election Win & the Media's Blame Game | The Daily Showhttps://youtu.be/hPHH5trgC1w?si=vww-V3qoIRpLCgmH Jimmy Kimmel Reacts to Donald Trump Winning the Presidential Electionhttps://youtu.be/5JxELubSgJg?si=v9LRIHd5FqDZCQLf Strong Economy Begins With Shrinking Workforce - Episode 84 of the GrowthBusters podcasthttps://www.growthbusters.org/strong-economy-shrinking-workforce/ Dave the Planet – Dave's campaign Substack columnhttps://davetheplanet.substack.com I'm Withdrawing from the Race for U.S. President - Episode 21 of the Dave the Planet podcasthttps://davetheplanet.substack.com/p/im-withdrawing-from-the-race-for Welcome to Overshoot: Have a Nice Day – episode of the Conversation Earth podcasthttp://www.conversationearth.org/welcome-to-overshoot-2020/ Trump Wins, Planet Loses – by Tik Root on Gristhttps://grist.org/article/the-massive-consequences-trumps-re-election-could-have-on-climate-change/ If Trump Wins, Is It Game Over? – by David Todd McCarty on Mediumhttps://medium.com/rome-magazine/if-trump-wins-is-it-game-over-26f1cc296342 The Billionaires Won: The 50-Year War on Democracy That Built Trump's Oligarchy and Killed the American Dream – by Thom Hartmannhttps://hartmannreport.com/p/the-billionaires-won-the-50-year-841 The Lewis Powell Memo: A Corporate Blueprint to Dominate Democracyhttps://www.greenpeace.org/usa/democracy/the-lewis-powell-memo-a-corporate-blueprint-to-dominate-democracy/ Tentacles of Rage: The Republican Propaganda Mill, a Brief History – by Lewis Laphamhttps://msuweb.montclair.edu/~furrg/gned/laphamtentacles04.pdf Dave the Planet Substack columnhttps://davetheplanet.substack.com/ Dave Gardner for Presidenthttps://davetheplanet2024.com Give Us Feedback: Record a voice message for us to play on the podcast: 719-402-1400 Send an email to podcast at growthbusters.org The GrowthBusters theme song was written and produced by Jake Fader and sung by Carlos Jones. https://www.fadermusicandsound.com/ https://carlosjones.com/ On the GrowthBusters podcast, we come to terms with the limits to growth, explore the joy of sustainable living, and provide a recovery program from our society's growth addiction (economic/consumption and population). This podcast is part of the GrowthBusters project to raise awareness of overshoot and end our culture's obsession with, and pursuit of, growth. Dave Gardner directed the documentary GrowthBusters: Hooked on Growth, which Stanford Biologist Paul Ehrlich declared “could be the most important film ever made.” Co-host, and self-described "energy nerd," Stephanie Gardner has degrees in Environmental Studies and Environmental Law & Policy. Join the GrowthBusters online community https://growthbusters.groups.io/ GrowthBusters: Hooked on Growth – free on YouTube https://youtu.be/_w0LiBsVFBo Join the conversation on Facebook https://www.facebook.com/GrowthBustersPodcast/ Make a donation to support this non-profit project. https://www.growthbusters.org/donate/ Archive of GrowthBusters podcast episodes http://www.growthbusters.org/podcast/ Subscribe to GrowthBusters email updates https://lp.constantcontact.com/su/umptf6w/signup Explore the issues at http://www.growthbusters.org View the GrowthBusters channel on YouTube Follow the podcast so you don't miss an episode:

In this episode, Jan-willem Rensman, Fellow at Fluor and subject matter expert in Metallurgy and Welding, joins co-hosts Heather Allain and Marc Cook for an in-depth discussion on stress relaxation cracking (SRC). Together, they cover topics including: defining SRC and understanding where and when it occurs, the differences between SRC and creep, managing residual stresses in welds, and offering design and fabrication strategies to prevent SRC. The conversation also touches on shop versus field weld considerations, selecting appropriate welding techniques, SRC guidelines in design codes, recommended resources for design standards, and methods for SRC detection and repair.   Corrosion Chronicles is produced by Association Briefings. Show notes References which contain guidelines for SRC mitigation: API TR 942-B (2017). Materials, Fabrication, and Repair Considerations for Austenitic Alloys Subject to Embrittlement and Cracking in High Temperature 565°C to 760°C (1050°F to 1400°F) Refinery Services, American Petroleum Institute, Washington, DC. Fahrion, M. E., Brown, J. C., Hassell, J. C., & Birke, A. (2003, March). Technical basis for improved reliability of 347H stainless steel heavy wall piping in hydrogen service. In NACE CORROSION (pp. NACE-03647). NACE. Penso, J., & Shargay, C. (2021, July). Stress Relaxation Cracking of Thick-Wall Stainless Steel Piping in Various Refining Units. In Pressure Vessels and Piping Conference (Vol. 85345, p. V004T06A044). American Society of Mechanical Engineers. Rensman, J. W., Spindler, M. W., & Shargay, C. (2023, July). Stress Relaxation Cracking, A Misunderstood Problem in the Process Industry. In Pressure Vessels and Piping Conference (Vol. 87486, p. V005T06A060). American Society of Mechanical Engineers.

Ralph welcomes Mark Dimondstein, president of the American Postal Workers Union. They'll discuss the crucial role that the Postal Service plays in our democratic process, and how organized labor is impacting this year's elections. Then, Ralph is joined by journalist James Bamford to talk about his latest article in The Nation: "Israel Is Killing Whole Families in Gaza—With Weapons Made in America." Plus, how candidates' positions on Israel may win or lose them voters on Election Day. Mark Dimondstein is the President of the American Postal Workers Union. Since 2013 when Mr. Dimondstein was elected, he has turned the APWU into a fighting activist organization. Mr. Dimondstein advocates for the rights of postal workers as well as the right of the American people to a vibrant public Postal Service. The American Postal Workers Union supports Medicare for All and belongs to the Labor Campaign for Single Payer. The APWU believes in paying a living wage and providing benefits to all workers.We have about 200,000 members. And we definitely represent people throughout the entire political spectrum and throughout the whole country. So we represent people from right to left, left to right, everybody in between, and we represent people from the most rural outpost in the country to the urban centers. So first, the way we handle it is we don't try to tell people how they should think and how they should vote. We're all adults, we vote for what we think is in our best interest as workers, as family members, as community members, as citizens and so on. So we don't try to dictate to our members how to vote, but we do have a responsibility to lead…So I think leadership has a responsibility to educate our members, to activate our members, and to get our members to be involved in the political electoral process.Mark DimondsteinI'm a proud Jewish American. Jewish Americans should be the first to say “never again” when it comes to genocide, when it comes to ethnic cleansing, and when it comes to war crime. And we're not going to solve all the problems of the Middle East and the complicated history of the Middle East on this radio show. But let's at least be clear that the crimes committed against the Jewish people should never be allowed to be committed against anybody else—no matter who's doing it. Mark DimondsteinKamala Harris sent her two closest advisors to Wall Street about a month ago to get advice on her economic and tax policies and not connecting with the Citizens for Tax Justice, which has a progressive proposal. She doesn't connect with citizen groups. She goes around campaigning with Liz Cheney…It's quite amazing that the most popular incumbent elected politician in America today is Bernie Sanders…And she's ignoring Bernie Sanders and going into one state after another with people like Liz Cheney. Ralph NaderWhatever happens next Tuesday, our work isn't done. The divisions that have been created by white supremacy, by this anti-immigrant fervor out here—these things aren't going away. Issues that divide workers instead of unite workers—the growing bigotry, the attack on women's rights to reproductive freedom and health, the attacks on voting rights—these are issues that are going to be here with whoever wins the election. So the working people and the trade union movement have a lot of work to do, whatever the outcome.Mark DimondsteinJames Bamford is a best-selling author, Emmy-nominated filmmaker for PBS, award-winning investigative producer for ABC News, and winner of the National Magazine Award for Reporting for his writing in Rolling Stone on the war in Iraq. He is the author of several books, including Spyfail: Foreign Spies, Moles, Saboteurs, and the Collapse of America's Counterintelligence.The reason I wrote [my article] was because people read about the bombs blowing up schools and refugee camps and hospitals and killing scores and scores, hundreds, thousands of people… But few people realized that it's middle America, largely, that's building the bombs, sending the bombs, and the American taxpayers are paying for the bombs. All the Israelis are doing is dropping the bombs.James BamfordI think the only way is international pressure. I wrote about this in my last book, that the only thing that you can ever do to affect Israel is to have an international boycott sanction. We have to treat it like the worst country on earth. That's what happened with South Africa. That's what stopped apartheid—once they couldn't buy anything.James BamfordRECOGNIZING TIME-PRESSURED HEADLINE WRITERS' CONTRIBUTIONS TO READERSIn Case You Haven't Heard with Francesco DeSantisNews 10/30/241. A crisis is unfolding at the Washington Post following billionaire owner Jeff Bezos' decision to block the paper's planned endorsement of Kamala Harris. In a statement signed by 21 opinion columnists at the Post, they write “The…decision not to make an endorsement in the presidential campaign is a terrible mistake.” Signatories include Karen Attiah, E.J. Dionne, and Dana Milbank among many others. Since the publication of that statement, two opinion writers have resigned: David Hoffman, who has written for the Post since 1982 and was awarded a Pulitzer Prize just last week, as well as technology columnist Molly Roberts. Editor-at-large Robert Kagan also resigned his position at the paper. This from Semafor. Responding to the outcry, Bezos himself published an op-ed in the paper arguing that Americans see the news media as too politicized already and an official endorsement would merely make matters worse. As of October 29th, over 200,000 Washington Post readers, nearly 10% of the total readership, have canceled their subscriptions, per NPR.2. Like the Washington Post, the LA Times also opted not to endorse Kamala Harris. Similar backlash followed, with the New York Times reporting “Thousands of readers canceled subscriptions. Three members of the editorial board resigned. Nearly 200 staff members signed an open letter to management demanding an explanation, complaining that the decision this close to the election had undermined the news organization's trust with readers.” Nika Soon-Shiong, the activist daughter of LA Times owner Patrick Soon-Shiong, publicly stated “Our family made the joint decision not to endorse a Presidential candidate. This was the first and only time I have been involved in the process…As a citizen of a country openly financing genocide, and as a family that experienced South African Apartheid, the endorsement was an opportunity to repudiate justifications for the widespread targeting of journalists and ongoing war on children.” Per Vanity Fair however, her father disputes this narrative, saying “Nika speaks in her own personal capacity regarding her opinion…She does not have any role at The L.A. Times, nor does she participate in any decision or discussion with the editorial board, as has been made clear many times.” The murkiness of these circumstances has left readers with many questions that likely will not be answered until well after the election.3. According to Slate, “Donald Trump told a crowd of supporters that he spoke with Israeli Prime Minister Benjamin Netanyahu [last] Saturday…According to Trump, the Israeli leader said he disregarded President Joe Biden's warning to keep troops out of Rafah in southern Gaza.” In other words, Trump is conducting foreign policy independent of the sitting president, a flagrant violation of the Logan Act and the Constitution itself. This collusion between Trump and Netanyahu is reminiscent of the Nixon campaign's collusion with the South Vietnamese to prolong the Vietnam War and thereby undermine the Hubert Humphrey campaign and similarly, the Reagan campaign's collusion with Iran to prolong the hostage crisis. Yet again however, it seems unlikely that there will be any consequences to this open criminal activity.4. Reuters reports that on Monday, Israel formally banned the United Nations Palestinian refugee agency from operating inside Israel. UNICEF spokesperson James Elder, who has worked extensively in Gaza since this campaign of slaughter began is quoted saying “If UNRWA is unable to operate, it'll likely see the collapse of the humanitarian system in Gaza…So a decision such as this suddenly means that a new way has been found to kill children.” Reuters reports “over 13,300 children whose identities have been confirmed have been killed” in Gaza, while “Many more are believed to have died from diseases due to a collapsing medical system and food and water shortages.”5. The Muslim Mirror reports “In a landmark diplomatic move, Claudia Sheinbaum, the newly elected President of Mexico and the country's first Jewish head of state, officially recognized the State of Palestine.” Sheinbaum is quoted saying “Today, Mexico reaffirms its commitment to human rights and justice for all. Recognizing Palestine is a step toward peace and a signal to the international community that the Palestinian people deserve dignity, statehood, and the right to self-determination.” Neither the United States nor Canada recognize the State of Palestine.6. Over 20,000 workers have lost their lives working on Crown Prince Mohammad Bin Salman's Saudi Vision 2030 project, per the Hindustan Times. These workers, almost exclusively migrants, say they feel like “trapped slaves” and “beggars,” and allege widespread exploitation including “unpaid wages, illegal working hours and human rights abuses.” While rumors of the workers mistreatment has been circulating for years now, a new ITV documentary has brought more attention to the issue in recent days. The deeply suspect NEOM mega-city project alone, which is just one aspect of Saudi Vision 2030, is expected to cost at least $500 billion.7. BRICS, the loose multi-polar alliance of countries forming an alternative economic bloc to offset the United States, recently concluded their latest summit. Per Democracy Now!, the alliance voted to accept 13 more countries to the bloc, including Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan and Vietnam. These were chosen from nearly three-dozen applicants. The outpouring of applications indicates a substantial appetite for an economic alternative to the United States throughout much of the world.8. On October 22nd, Congressman Ro Khanna re-introduced the Stop Wall Street Landlords Act, intended to curb the trend of private equity gobbling up housing stock across the country. The bill was first introduced in 2022, but the crisis has only grown since then. According to NOTUS, “In the first half of 2024, one in four ‘low-priced' homes were purchased by investors…In that same time, the percentage of Americans with a ‘high degree of concern' about housing costs rose to 69%.” If passed, this bill would raise taxes on home acquisitions by private equity firms that hold over $100 million in assets and “bar government-supported lenders from backing new mortgages for such purchases.” Both presidential campaigns have made housing a major issue on the trail, though only the Kamala Harris campaign has offered viable policy to address the crisis.9. E&E News reports Argus Insight, a conservative research firm is “collecting information that could be used to discredit officials involved in a multibillion-dollar climate lawsuit against fossil fuel companies.” The suit, filed last year in Oregon, accuses “Exxon Mobil, the American Petroleum Institute, McKinsey…and hundreds of other defendants of being responsible for a dayslong heat wave in 2021 that killed 69 people. Multnomah County, home to Portland, is seeking more than $51 billion to pay for damages from the tragedy and to prepare for future disasters.” It is unknown why exactly Argus is seeking this information, but experts speculate that they are “using the same tactics that the tobacco industry deployed against its critics decades ago.” Benjamin Franta, an Oxford professor of climate litigation, is quoted saying “The strategy is to ‘try to figure out who is helping to inform these cases and…discredit them in some way…If someone loses on the facts, they try to shoot the messenger.'”10. Finally, the Popular Information Substack reports “On October 10…[Attorney General Merrick] Garland held a press conference and announced that TD Bank had illegally laundered over $670 million of drug money.” Deputy Secretary of the Treasury Wally Adeyemo added “Time and again, unlike its peers, TD Bank prioritized growth and profit over complying with the law.” Surely such a clear, textbook case of corporate criminality would result in criminal charges…except Garland and the DOJ brought no charges, instead settling for a Deferred Prosecution Agreement and a fine of $3 billion. Only two low-level employees were hit with criminal charges, despite clear evidence showing the involvement of high-level executives. Senator Elizabeth Warren said of the deal “This settlement lets bad bank executives off the hook for allowing TD Bank to be used as a criminal slush fund.”This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Amanda Eversole, Chief Advocacy Officer at the American Petroleum Institute. New Michigan Poll Shows MI Voters Largely Oppose EV Mandates

September 30, 2024 ~ Amanda Eversole, Executive Vice President and CEO of the American Petroleum Institute, joins Kevin to share how energy is influencing voters in the 2024 election.

S&P Futures are slightly positive as markets await this morning's employment data. On the earnings front, Broadcom will be releasing earnings after the bell today. Verizon reaffirms its 2024 guidance after announcing a $20B deal to take over Frontier Comm. JNJ appears to have settled the talc lawsuit by raising settlement offer by$1B. Jeep's parent Stellantis paused production of two of its top-selling U.S. models, as the company grapples with high inventory levels. In Europe, trading is mixed to lower. Oil prices are gaining this morning on the back of data for the American Petroleum Institute indicating a draw in stockpiles last night.

Proposed permitting reforms could accelerate both renewable energy projects and new fossil fuel infrastructure. Is that a good deal for the climate?The Inflation Reduction Act (IRA) is seen as the most significant climate legislation ever passed in the US, because of the array of new, expanded and extended tax credits it offers for low-carbon energy. But when it was passed in 2022, the critical vote in the Senate was cast by Senator Joe Manchin from West Virginia, and he always saw the IRA as just Part One of a two-part strategy. The second part would be to reform the processes for approving new infrastructure projects, to make it quicker and easier to deploy low-carbon energy technologies. The quid pro quo would be that the reform would also expedite the production and processing of fossil fuels.Senator Manchin is co-sponsoring a bill to deliver those reforms with Senator John Barrasso, a Republican from Wyoming, and their proposed legislation has been making progress in the Senate. It has faced criticism from environmental groups, but found support from both the renewables and oil and gas industries: the American Clean Power Association and the American Petroleum Institute. To unpack what the proposal could mean for the future of energy in America, Ed Crooks is joined by Melissa Lott, professor at the Climate School at Columbia University in New York, and Emily Grubert, an Associate Professor at the Keough School of Global Affairs at Notre Dame University. Together they examine the bill and discuss the impact it could have both on wind and solar power, and on gas pipelines and LNG plants.One provision in the bill would end the Biden administration's “pause” on new approvals for LNG exports. Emily has been studying the issue, and shares her views. She wrote recently that the US needs a new “national strategy” for the role of gas in the energy system. What might that strategy look like?Plus, the gang debate what needs to happen for carbon removal to make a real difference to achieving our net zero goals. Emily warns that for-profit carbon dioxide removal “presents fundamental and predictable risks for climate and justice goals”. What are those risks, and – given that carbon removal looks likely to be needed – how can we minimize them?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we were thrilled to welcome back Erik Milito, President of the National Ocean Industries Association (NOIA). Erik has served as President of NOIA since 2019 following 17 years in several leadership roles at the American Petroleum Institute and prior experience as an attorney in the Solicitor's Office of the US Department of the Interior. Erik served on active duty in the US Army as a Judge Advocate from 1995 to 2000 and continued his service in the US Army Reserve from 2000 to 2004. NOIA's mission is to advance and promote the interests of the offshore oil, gas, wind and ocean minerals industries. We last hosted Erik on COBT in April 2021 (episode linked here) and were excited to reconnect for an update on offshore activity. In the discussion, Erik provides an overview of the NOIA's role to promote favorable policies related to offshore leasing, permitting, and regulation covering all flavors of energy including oil and gas, wind, carbon capture and storage and minerals. We start the conversation with Erik reminding us of the importance of the Gulf of Mexico as a booming region for the country and then dig into the challenges of offshore wind as an emerging sector. We cover the fascinating contrast of lease sales in the current administration compared to historical numbers. As the episode title mentions, this will be the first year since 1958 without a single federal offshore lease sale. We touch on advances in technology as current operations explore deeper depths / higher pressures in recent years, and we dig into how Erik sees the offshore wind industry developing from the services standpoint over the next couple of years. We also cover the complex issues around insurance and decommissioning platforms. We move on to discuss the positive relationship with the fishing industry and the significant role that the coastal state governments play in the world of the NOIA. Erik shares his perspective on Washington DC, the current climate given the election, and his sense of the public's mood and attitude towards the various sources of energy that the NOIA is involved in. We wrap up the discussion by getting Erik's thoughts on the progress of carbon capture over the last few years and the slower pace of offshore versus onshore CO2 projects and he urges that more progress would be possible with the cooperation of the government around permitting and regulatory support. We end the discussion with the areas that Erik is most optimistic about for the NOIA's membership which includes opportunities in the Gulf of Mexico.  It was a fantastic conversation. Thanks to Erik for joining us! Mike Bradley opened the conversation by highlighting that trading in markets last week could be summed up briefly in two words: “volatility & reversal”. On the bond market, he highlighted that the 10-year bond yield was trading modestly lower due to a cooler-than-expected PPI. He also noted that this was a heavy economic reporting week with July CPI set to report on Wednesday and Initial Jobless Claims & Retail Sales on Thursday. On crude oil, he highlighted that WTI price was down ~$2/bbl. on Tuesday due to monthly reports from the IEA & OPEC showing minor 2024 demand reductions. He noted that despite these two demand datapoints that WTI still rebounded by ~$6/bbl. over the 5+ trading days due to improving technicals (WTI price back above its 50/100 day moving averages) and growing supply concerns (potential Iranian retaliation against Israel & Ukrainian incursion into Russia). He rounded out the conversation by highlighting that 3mo rolling forward copper prices have declined over the last 4-5 weeks (~$10.5k/MT down to ~$9k/MT) due to continued global demand concerns and elevated LME Copper inventories. He also noted that copper prices were getting bid up this week due to a workers s

Today we were thrilled to be joined by Sean McGarvey, President of North America's Building Trades Unions (NABTU), to discuss a critical topic: the nation's energy workforce. Sean was elected to his position as President in 2012 and first started his building trades career with the International Union of Painters and Allied Trades in 1981. In addition to his role at NABTU, Sean serves on several private and public sector boards and co-chairs labor-management committees of the American Petroleum Institute, Southern Company, and the Nuclear Power LMCC. NABTU represents over three million skilled craft professionals in the US and Canada and offers robust apprenticeship and training programs. We have been eager to discuss the future of the energy workforce for some time and appreciate Sean sharing his unique perspectives with us. In our conversation, Sean first shares background on NABTU and their areas of concentration including relationships with local developers and contractors, legislation, regulatory issues, training, and national committees. We discuss the union's role in the construction industry, the future of skilled labor in the US, differences between union and non-union bids for large construction projects, the implications of the IRA and other recent legislation on union labor in energy projects, the current main concerns for NABTU members, and how recent legislation has impacted prevailing wages and labor standards in the construction industry (additional information on the Davis-Bacon act linked here and on the recent prevailing wage guidance linked here). Sean shares his perspective on NABTU's relationships with international companies as well as their responsible investing efforts, the impact of large projects on the overall workforce availability and mobility, the role of nuclear energy and power demand projects in the US, the main economic concerns of NABTU members, permitting and regulatory challenges, and the role unions play in shaping legislation related to energy, infrastructure, and labor. Another key topic we cover is the training and apprenticeship programs NABTU offers, totaling over 280,000 students and representing over half of the apprenticeships in the country. We talked with Sean about the choice between college and developing a skill/trade. He commented their programs often allow for the completion of degree credits while learning the trade skills, and also shared that some college graduates are joining their training programs after getting their college degrees. As we discussed young people, one particular observation he made that resonated was “you can make $150K a year and have no college debt.” We ended by asking Sean for his thoughts on the current presidential election, potential changes under a different administration, and policy and legislative concerns. It was a wide-ranging discussion. Mike Bradley kicked us off by highlighting that there could be some fireworks in the bond market this Thursday and Friday when CPI & PPI report. On the crude oil front, WTI price rallied over the last week or so due to substantial DOE crude oil draws last week but has pulled back slightly this week on relief that Hurricane Beryl hasn't resulted in much oil/natural gas infrastructure damage. On the equity market front, he noted that broader markets continue posting new highs. On the energy equity front, he highlighted that energy was the worst performing S&P sector last week and that it would probably continue to be rangebound until investors get more comfortable with the forward global commodity macro. He also noted recent E&P consolidation and noted the likelihood of mor

On this episode of the All Business Podcast, PA Chamber President and CEO Luke Bernstein is joined by Stephanie Catarino Wissman, Executive Director of the American Petroleum Institute of Pennsylvania, to discuss how Pennsylvania's robust energy sector and abundant natural resources have contributed to the state's economic growth, and how industry innovation has made environmental progress toward cleaner, safer, and more sustainable energy production.

On Tuesday's AOA, we start the show discussing National Corn Growers Association, American Farm Bureau Federation, OOIDA joining with the American Petroleum Institute to file a lawsuit challenging EPA's heavy-duty vehicle emissions standards for model years 2027-2032 with NCGA President Harold Wolle. In Segment Two, we discuss ethanol related issues including the latest on E-15, 45Z for sustainable aviation fuel and more with Growth Energy CEO Emily Skor. In Segment Three, we take a look at the current market dynamics and the overall ag economy with agricultural economist, Matthew Roberts. Then in Segment Four, we recap a recent U.S. Meat Export Federation delegate trip to Mexico with USMEF Secretary/Treasurer Dave Bruntz of Nebraska.  

The American Farm Bureau and the National Corn Growers Association have joined the American Petroleum Institute and some auto dealers to challenge the EPA's Tailpipe Emission Standards. 

At age 9, Nalleli Cobo, suffering headaches, heart palpitations, nosebleeds, and body spasms, became an activist, driven to fighting to close the local oil well responsible for her ailments. In 2022, at age 20, she won the prestigious Goldman Environmental Prize for her work shutting down toxic wells throughout the Los Angeles region. The same year, California Gov. Gavin Newsom signed a law prohibiting such neighborhood wells. Then Big Oil bankrolled a referendum on the matter for the November 2024 ballot, putting the restrictions Cobo fought so hard for on hold. Also in California, State Attorney General Rob Bonta has filed a lawsuit against five of the world's largest oil and gas companies, along with the lobbying organization American Petroleum Institute, for willfully misleading the public about climate change. This week we explore two methods of challenging fossil fuels: in the courts and on the ballot. Guests: Nalleli Cobo, Cofounder, People Not Pozos Rob Bonta, California Attorney General It's time for our annual spring appeal! At Climate One, we believe in the power of open conversations to drive positive change. Through our thought-provoking discussions and interviews, we strive not only to raise awareness of climate issues and solutions, but to also empower individuals — like each of our valued listeners — to take tangible steps toward a more sustainable future. You can show your support for Climate One by contributing to our spring fundraising campaign. For show notes and related links, visit our website. Learn more about your ad choices. Visit megaphone.fm/adchoices

At age 9, Nalleli Cobo, suffering headaches, heart palpitations, nosebleeds, and body spasms, became an activist, driven to fighting to close the local oil well responsible for her ailments. In 2022, at age 20, she won the prestigious Goldman Environmental Prize for her work shutting down toxic wells throughout the Los Angeles region. The same year, California Gov. Gavin Newsom signed a law prohibiting such neighborhood wells. Then Big Oil bankrolled a referendum on the matter for the November 2024 ballot, putting the restrictions Cobo fought so hard for on hold.  Also in California, State Attorney General Rob Bonta has filed a lawsuit against five of the world's largest oil and gas companies, along with the lobbying organization American Petroleum Institute, for willfully misleading the public about climate change. This week we explore two methods of challenging fossil fuels: in the courts and on the ballot. Guests: Nalleli Cobo, Cofounder, People Not Pozos Rob Bonta, California Attorney General It's time for our annual spring appeal! At Climate One, we believe in the power of open conversations to drive positive change. Through our thought-provoking discussions and interviews, we strive not only to raise awareness of climate issues and solutions, but to also empower individuals — like each of our valued listeners — to take tangible steps toward a more sustainable future.  You can show your support for Climate One by contributing to our spring fundraising campaign. For show notes and related links, visit our website. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wednesday, May 15th, 2024Today, Trump's lawyer starts the cross examination of Michael Cohen; an MSNBC host is aghast to hear that Bill Barr may have been in cahoots with Donald Trump; Donald blasts his trial judges resulting in calls for violence; an Arizona court rejects the RNC's attempt to upend election administration; Biden announces that he will raise tariffs on some Chinese products; House Democrats launch a probe into Trump's dinner with oil executives; plus Allison delivers your Good News.Subscribe for free to MuellerSheWrote on Substackhttps://muellershewrote.substack.com House Democrats launch probe of Trump's dinner with oil executives (WAPO paywalled)Arizona Court Rejects RNC Attempt to Upend Election Administration (Democracy Docket)Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs (NYT)Trump blasts his trial judges. Then his fans call for violence (Reuters Special Report) Subscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Check out other MSW Media podcastshttps://mswmedia.com/shows/Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://muellershewrote.substack.comhttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/From The Good NewsSt. Mary's Painswickhttps://www.stmaryspainswick.org.uk Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Sunday, June 2nd – Chicago IL – Schubas TavernFriday June 14th – Philadelphia PA – City WinerySaturday June 15th – New York NY – City WinerySunday June 16th – Boston MA – City WineryMonday June 17th Boston, MA https://tinyurl.com/Beans-Bos2Wednesday July 10th – Portland OR – Polaris Hall(with Dana!)Thursday July 11th – Seattle WA – The Triple Door(with Dana!)Thursday July 25th Milwaukee, WI https://tinyurl.com/Beans-MKESunday July 28th Nashville, TN - with Phil Williams https://tinyurl.com/Beans-TennWednesday July 31st St. Louis, MO https://tinyurl.com/Beans-STLFriday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts

On behalf of the People of the State of California, Attorney General Rob Bonta has filed a lawsuit against five of the world's largest oil and gas companies, along with the lobbying organization American Petroleum Institute, for willfully misleading the public about climate change. How big a deal could this lawsuit be? Guest: Rob Bonta, California Attorney General Did you enjoy this conversation? Wish you could've been there to see the full show? Tickets for the rest of SF Climate Week at Climate One are still available! Climate One hosts live events on Tuesday, Thursday, and Friday in celebration of SF Climate Week, and we want you in the room. Join us! Support Climate One by going ad-free! By subscribing to Climate One on Patreon, you'll receive exclusive access to all future episodes free of ads, opportunities to connect with fellow Climate One listeners, and access to the Climate One Discord.  Join today for just $5/month. For show notes, visit our website. Learn more about your ad choices. Visit megaphone.fm/adchoices

An industry underpinning millions of jobs and large slice of America's GDP, the future of oil and energy are pivotal issues on the domestic and international agenda. At the recent gathering of the futures industry in Boca Raton, Florida, former U.S. Senator Kelly Loeffler and Mike Sommers, CEO of the American Petroleum Institute, sat down to discuss a wide range of topics related to production, refinement, and consumption, and the sector's vital impact on the U.S. economy, now and in the future. https://www.ice.com/insights/conversations/inside-the-ice-house

Today we had the honor of hosting Mike Wirth, Chairman and CEO of Chevron. Mike's journey at Chevron began as a design engineer in 1982 and since then, he has held senior leadership roles in several divisions of the company. Most recently, Mike served as the Vice Chairman of the Board of Directors and as Executive Vice President of Midstream and Development before assuming his role as CEO in 2018. Beyond his role at Chevron, Mike is engaged in industry advocacy and global initiatives, serving on the board of directors of Catalyst, as an Executive Committee Member of the American Petroleum Institute, and as an Executive Committee Member of the World Economic Forum International Business Council, among other notable roles. With CERAWeek in full swing in Houston, we were fortunate to sit down with Mike to explore the current energy landscape, global energy dynamics, the future of energy, and of course, activity at CERAWeek. In our conversation with Mike, we discuss the changing tone and focus of energy conversations and the pragmatic and realistic tone at CERAWeek, Mike's background in engineering and its influence on his leadership style and decision-making processes, the importance of understanding customer needs and preferences in the energy sector, and the evaluation of investments that rely on subsidies. Mike shares his perspective on the integration of cultures during mergers and acquisitions, the importance of fostering collaboration and alignment while preserving the strengths of acquired companies, the future of exploration in meeting global energy needs, the evolution of shale innovation, current geopolitical risks, trends in government intervention, inflationary pressures, energy access in developing countries, and his perspective on recent developments surrounding Chevron's acquisition of Hess Corporation. We discuss corporate net zero pledges and the often underestimated complexities involved, the overall desirability of more engineers and more problem-solving thinking, the evolving power landscape, Chevron's capabilities in lower carbon energy and technologies, America as an energy superpower and how to maintain that status, and much more. We had a great visit with Mike and can't thank him enough for his time and thoughtfulness. He is an exceptional spokesman for sound energy thinking. To start the show, Mike Bradley shared his thoughts on three key events this week. Regarding CERAWeek 2024 where Veriten is an industry partner (details here), he noted themes are focused on AI, electricity, energy transition, hydrogen and permitting, with AI and electricity being mentioned in just about every conversation. US power needs are being underestimated and the energy transition discussion seems to be turning much more pragmatic. NVIDIA introduced its newest processor (Blackwell) at their conference on Monday. Expectations for NVIDIA and tech stocks were extremely elevated heading into the conference. The third key event is Wednesday's FOMC Meeting. Mike noted that it's virtually guaranteed the FED will keep rates unchanged given recent inflation stats printed on the hot side. Markets will be focused on Chairman Powell's comments which could provide a clue on the number of future rate cuts. On the commodity front, last week was the first weekly close for WTI above $80/bbl since November 2023. WTI trades at ~$83/bbl as US crude oil inventories declined last week and will be drawing in the weeks ahead. He also noted that Gunvor indicated this week that Ukrainian drone strikes have damaged ~600kbpd of Russian refineries, which has strengthened crude oil and product markets. WTI time spreads continue moving steeper into backwardation, and if WTI holds above its $80/bbl support, it could reverse extreme “bearish” oil trader sentiment. He ended by noting that energy as a percentage of the S&P 500 should increase given that energy transition conversation is turning much more pragmatic, that global e

Kerry Lutz and Steve Goreham discussed the impact of ESG initiatives on business profitability. They analyzed the withdrawal of big investment banks from climate change pledges, the underperformance of renewable energy stocks, and the financial pressure on oil companies. They also explored the legal challenges faced by oil companies and the advocacy for a carbon tax by the American Petroleum Institute. The conversation then shifted to the global water crisis, highlighting the widespread lack of access to clean tap water in various countries. They expressed the urgency of addressing water purification issues and criticized the misallocation of resources towards climate change initiatives instead of focusing on more immediate problems. The conversation also touched on the potential impact of misguided goals and the promotion of bug-based diets as solutions to climate change, ultimately emphasizing the need for a more practical and effective approach to addressing global challenges. Find Steve here:  stevegoreham.com Find Kerry here: FSN

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist joins to discuss Fed policy and inflation. Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, joins to recap Disney earnings. Barry Ritholtz, Founder of Ritholtz Wealth Management and Host of “Masters in Business” discusses his interview with David Einhorn on ‘Masters in Business.' Dan Griffith, Senior Vice President and Director of Wealth Strategy, at Huntington Private Bank, joins to discuss his outlook for the markets. Dustin Meyer, Senior VP of Policy, Economics and Regulatory Affairs at the American Petroleum Institute, discusses today's U.S Senate ENR hearing examining the administration's pause on LNG export approvals.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu speaks with noted researcher and scholar Ben Franta about two new articles he has written that add to his growing archive of seminal work on climate change. Ben tells us now the fossil fuel industry paid economists to join scientists in denying the true nature of the fossil fuel industry's destruction of the environment. Economists argued that even if some science were correct, implementing change would be too costly. This became a powerful tool to stall and kill climate change legislation. Ben also talks about how communities have tried to sue fossil fuel companies for damages incurred by such misinformation and disinformation. In sum, we learn about what the industry has done, and how ordinary people and municipalities can fight back.Benjamin Franta is the founding head of the Climate Litigation Lab and a Senior Research Fellow at the University of Oxford Sustainable Law Programme. The Climate Litigation Lab is a multidisciplinary research initiative to inform, enable, and accelerate climate change litigation globally. Ben is also an Associate at the Institute for New Economic Thinking at the Oxford Martin School and an Associate Member of Nuffield College, Oxford, and a former research fellow at the Belfer Center for Science and International Affairs at the Harvard Kennedy School of Government. He is the recipient of numerous academic and research fellowships including the Stanford Interdisciplinary Graduate Fellowship and the National Science Foundation Graduate Research Fellowship. His research and writing have appeared in 10 languages, been featured in the Paramount+ documentary Black Gold, been cited in the U.S. Congressional Record, and been published in numerous scholarly and popular venues including Nature Climate Change, Global Environmental Change, The Guardian, Project Syndicate, and more. “For 40 years, the American Petroleum Institute has hired economists to argue it would be too expensive to try and control fossil fuels and that climate change wasn't that bad. The same go-to consultancy firm has been involved in every major climate policy fight from the very beginning and hired by the fossil fuel industry, but what are the courts going to do? It's not just the historical deception. It's an ongoing deception.”www.inet.ox.ac.uk/people/benjamin-franta www.smithschool.ox.ac.uk/oxford-sustainable-law-programme/research/climate-litigation-labwww.palumbo-liu.com https://speakingoutofplace.comhttps://twitter.com/palumboliu?s=20