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oil industry

From Texas Standard

Oil companies have long been blamed for playing a role in climate change. But now, those companies are asking the government to protect their interests from the harsher storms and higher tides connected with global warming.

Companies on the Texas Gulf Coast, which is still recovering from Hurricane Harvey, are pushing for a 60-mile stretch of sea walls and levees that would help protect homes, beaches and, yes, oil infrastructure, from the next big storm.

From Texas Standard.

The International Energy Agency announced earlier this year that U.S. oil production will rise above Russia’s, making the nation the world’s top oil producer by 2023. But last week, the CEO of Pioneer Natural Resources set a much shorter timeline – the U.S. is now poised to become the world’s top oil producer as early as this fall.

From Texas Standard.

The 2010 disaster at the Deepwater Horizon oil rig in the Gulf of Mexico killed 11 people and spilled nearly 5 million barrels of oil. It was the worst oil spill in U.S. history and afterward, the Obama administration created new rules for offshore rigs in an effort to prevent similar catastrophes.

But now, those regulations may be revoked. The Bureau of Safety and Environmental Enforcement recently proposed rolling them back as part of a broader Trump administration initiative to loosen regulation of the energy industry.

According to a report by The Wall Street Journal, the Trump administration is considering a rollback of Obama-era regulations on offshore oil drilling. The rules were put in place following the 2010 Deepwater Horizon spill.

Here & Now‘s Jeremy Hobson speaks with Emily Glazer (@EmilyGlazerWSJ) of The Wall Street Journal.

From Texas Standard.

For decades, if you pulled into any gas station in Mexico, the brand name on the pump would invariably be PEMEX, the name of the state-run oil monopoly. Now oil giant Exxon Mobil has announced it will open 50 gas stations in Mexico in 2018. Eight are opening this week. Most other major energy companies have begun operations in Mexico since the nation opened its energy economy to private companies.

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