for Methane Regulations
U.S. oil production remains far below pre-pandemic levels, but methane emissions from the Permian basin are back at pre-Covid highs.
The oil industry is now supporting U.S. federal methane regulations amid rising pressure from environmental groups, but also from investors and shareholders.
With an eye on his legacy, President Obama is trying to ink a few energy and environmental victories before he leaves the White House. The Dakota Access pipeline, the BLM's fracking rule, and monument designations are key areas of focus for the outgoing administration.
Republicans have pushed back hard against energy and environmental action Obama has taken after the election, and they will likely try to overturn his decisions once he leaves office.
Even though the Obama Administration announced methane regulations that were more biting than expected on existing wells, the real story is pending regulations on existing installations, and if the next administration will uphold them.