Latest news with #ArcticGasPipeline
Yahoo
29-04-2025
- Business
- Yahoo
Red state official touts readiness to unleash energy across US: 'We have our own Greenland'
EXCLUSIVE: Alaska Department of Revenue Commissioner Adam Crum discussed President Trump's key role in unleashing energy independence in the state while speaking to Fox News Digital and explaining that Alaskan resources are ready to be used if the push to acquire Greenland is unsuccessful. Crum, speaking to Fox News Digital at the State Financial Officer Foundation conference in Orlando, Florida, explained that the "vast majority" of state government funds in Alaska come from developing natural resources, including mining and crude oil, and praised the Trump administration's moves to reverse course from the Biden administration when it comes to that development. "President Trump, you know our Governor Dunleavy has actually said he's probably one of the best presidents for Alaska," Crum said. "In his first term he did tremendous things for us and now in his second term, we were the only state that had an executive order directed at us and that was such a crucial thing, and it really improved our economic outlook within the state." On the first day of his presidency, Trump signed an executive order advancing the Ambler Access Project, a 211-mile industrial road through the Brooks Range foothills that enables commercial mining of copper, zinc and other materials in a remote Arctic area in Northwest Alaska. Alaska Senator Literally Shreds Biden's Energy Orders, Boosts Wh Efforts To Leverage Arctic Gas Pipeline Experts told Fox News Digital in February that the action, which reversed course from the Biden administration, will play a critical role in developing mineral resources in the state. Read On The Fox News App "We think that we are on the precipice in Alaska on an energy boom, when it comes to large-scale oil development, the natural gas line getting developed that the president really pushes very hard for, as well as all of these critical minerals that we need to get processed," Crum said. President Trump has vocally called for the United States to acquire Greenland for strategic purposes as well as due to its natural resources. Crum told Fox News Digital that Alaska is ready to step up when it comes to natural resources. Northern Highlights: Alaska's Energy, Security Policies Are The Guide Feds Need Amid Transition, Group Says "We do have our own Greenland. We have our Greenland that has a long history and track record of developing these resources in an area of the world that people would never have thought that it could be done responsibly," Crum said. "We've processed oil for over 60 years on the Arctic Ocean, and we have done so while at the same time building an 800-mile crude oil pipeline that actually has seen the caribou numbers increase over time with that pipeline being built. And so Alaskans are conservationists by nature." "We are hunters, we are fishermen, our indigenous population are subsistence, they gather, but we are the ones who use the land. We also want to be able to develop the land, so we make sure we do it the correct way," Crum continued. "In Alaska, we call it the Alaska standard. We don't need outside groups telling us that we have to do it responsibly. This is what we demand of companies as they come up there. Come up, be profitable, be clean. Profit Alaska, let Alaskan's have jobs and opportunities and also go enjoy the outdoors." Ultimately, Crum told Fox News Digital that Alaskan energy independence will not only be good for the United States, but it will also help push back against dependence on countries that have been hostile to the country, including China. "We also have antimony deposits, which is a rare thing because China is the vast producer and processor of antimony, which is needed for not only technology, but also like munitions and military, and so we've got very viable deposits within Alaska on these things," Crum article source: Red state official touts readiness to unleash energy across US: 'We have our own Greenland'
Yahoo
22-04-2025
- Business
- Yahoo
GOP lawmaker warns that likely move in blue state will make gas prices skyrocket: 'Affordability issue'
Rep. Vince Fong, R-Calif., is one of the many voices sounding the alarm about a recent oil refinery closure announcement having a greater impact on American wallets. Valero Energy Corp. announced that it will likely close its Benicia refinery near San Francisco in April 2026, putting more than 400 jobs in jeopardy. "We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period," Lane Riggs, board chair, CEO and president of Valero, said in a news release on April 16. Fong said the state's energy policies are making it tough for the industry to survive. California Career Politician Barbara Lee Wins Mayor Race In Embattled Oakland "This is in addition to other refinery closures that have been announced. So, in totality, what we're looking at is 20% of California's refining capacity disappearing. And that's significant," Fong told Fox News Digital in an interview. Read On The Fox News App Valero also operates a refinery in Los Angeles, but the move regarding the Benicia location is seen as a major hit. "It's a warning that California's fuel supply is in jeopardy, and it's all caused because of [Democrat Gov.] Gavin Newsom's poor energy policies. That's the root cause, and the rigid regulatory environment, all the mandates, all the new regulations that have been put on these refineries, and now it's putting our fuel supply in jeopardy. And this isn't just an energy issue. This is an affordability issue. This is a jobs issue. This is a reliability issue," he continued. Alaska Senator Literally Shreds Biden's Energy Orders, Boosts Wh Efforts To Leverage Arctic Gas Pipeline The Golden State's policies are major contributors to higher gas prices in the state, according to a recent study by University of Southern California professor Michael Mische. "California's energy policy is at a breaking point," Fong said. "This is not a market failure. This is because of regulations and mandates that are pushing refineries to close. They can't survive in this and make it economically feasible to function in California. And those who are going to suffer are everyday Californians." As the state is a major energy supplier, the congressman said its regulations have occasionally gained bipartisan scrutiny from neighboring Arizona and Nevada. "This is going to impact California drivers significantly," Fong said. "When there's gasoline shortages, what you're going to see is the price of gasoline go up. And in California, you know, we pay the highest price of gas compared to the other states." Us, Saudi Arabia Could Cement 'Long-term Partnership' On Nuclear Energy As of Sunday, Californians are paying an average of $4.83 per gallon, which is significantly higher than the $3.15 national average, according to AAA. Fox News Digital reached out to Newsom's office for comment, but it referred the inquiry to the California Energy Commission, which said Valero's legally required advance notice will help the state better prepare for its next steps. "The California Energy Commission (CEC) is committed to its efforts to collaborate with the industry and stakeholders so that the state continues to have a safe, reliable and affordable supply while transitioning away from fossil fuels," CEC Vice Chair Siva Sunda stated. "As required under Senate Bill X1-2, Valero Refining Company notified the CEC of its intent to idle, restructure or cease operations at its Benicia Refinery by the end of April 2026. This advance notification helps the state to continue to closely monitor the evolving conditions in the fuel supply market and proactively plan and take steps to support the transition in the state's fuel supply." "The CEC will continue to work in partnership with the industry and stakeholders to protect consumers during this transition," he continued. Valero faces $82 million in fines from different governmental bodies in California over environmental regulations, according to article source: GOP lawmaker warns that likely move in blue state will make gas prices skyrocket: 'Affordability issue'
Yahoo
22-04-2025
- Business
- Yahoo
GOP lawmaker warns that blue state's likely move will make gas prices skyrocket: 'Affordability issue'
Rep. Vince Fong, R-Calif., is one of the many voices sounding the alarm about a recent oil refinery closure announcement having a greater impact on American wallets. Valero Energy Corp. announced that it will likely close its Benicia refinery near San Francisco in April 2026, putting more than 400 jobs in jeopardy. "We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period," Lane Riggs, board chair, CEO and president of Valero, said in a news release on April 16. Fong said the state's energy policies are making it tough for the industry to survive. California Career Politician Barbara Lee Wins Mayor Race In Embattled Oakland "This is in addition to other refinery closures that have been announced. So, in totality, what we're looking at is 20% of California's refining capacity disappearing. And that's significant," Fong told Fox News Digital in an interview. Read On The Fox News App Valero also operates a refinery in Los Angeles, but the move regarding the Benicia location is seen as a major hit. "It's a warning that California's fuel supply is in jeopardy, and it's all caused because of [Democrat Gov.] Gavin Newsom's poor energy policies. That's the root cause, and the rigid regulatory environment, all the mandates, all the new regulations that have been put on these refineries, and now it's putting our fuel supply in jeopardy. And this isn't just an energy issue. This is an affordability issue. This is a jobs issue. This is a reliability issue," he continued. Alaska Senator Literally Shreds Biden's Energy Orders, Boosts Wh Efforts To Leverage Arctic Gas Pipeline The Golden State's policies are major contributors to higher gas prices in the state, according to a recent study by University of Southern California professor Michael Mische. "California's energy policy is at a breaking point," Fong said. "This is not a market failure. This is because of regulations and mandates that are pushing refineries to close. They can't survive in this and make it economically feasible to function in California. And those who are going to suffer are everyday Californians." As the state is a major energy supplier, the congressman said its regulations have occasionally gained bipartisan scrutiny from neighboring Arizona and Nevada. "This is going to impact California drivers significantly," Fong said. "When there's gasoline shortages, what you're going to see is the price of gasoline go up. And in California, you know, we pay the highest price of gas compared to the other states." Us, Saudi Arabia Could Cement 'Long-term Partnership' On Nuclear Energy As of Sunday, Californians are paying an average of $4.83 per gallon, which is significantly higher than the $3.15 national average, according to AAA. Fox News Digital reached out to Newsom's office for comment, but it referred the inquiry to the California Energy Commission, which said Valero's legally required advance notice will help the state better prepare for its next steps. "The California Energy Commission (CEC) is committed to its efforts to collaborate with the industry and stakeholders so that the state continues to have a safe, reliable and affordable supply while transitioning away from fossil fuels," CEC Vice Chair Siva Sunda stated. "As required under Senate Bill X1-2, Valero Refining Company notified the CEC of its intent to idle, restructure or cease operations at its Benicia Refinery by the end of April 2026. This advance notification helps the state to continue to closely monitor the evolving conditions in the fuel supply market and proactively plan and take steps to support the transition in the state's fuel supply." "The CEC will continue to work in partnership with the industry and stakeholders to protect consumers during this transition," he continued. Valero faces $82 million in fines from different governmental bodies in California over environmental regulations, according to article source: GOP lawmaker warns that blue state's likely move will make gas prices skyrocket: 'Affordability issue'
