POLITICO Energy

Last week, major oil companies reported eye-popping second-quarter profits while consumers suffer under high gasoline costs and inflation. POLITICO’s Ben Lefebvre breaks down what led to these record profits and what the companies are doing with the bulging coffers. Ben Lefebvre is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senate Democrats have been rushing to pass their climate, health and tax bill before their scheduled month-long August recess. But as part of the deal, Senator Joe Manchin also secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi to pursue something he’s been demanding for a longtime: permitting reform. POLITICO’s Josh Siegel and Kelsey Tamborrino discuss Manchin’s side deal and how Republicans and Democrats are reacting. Kelsey Tamborrino is a reporter covering clean energy.Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States is behind other countries in the race to mine minerals from the sea used to make climate-friendly technology. That’s because, for decades, several presidential administrations and the Senate have refused to ratify the ​​U.N.’s Convention on the Law of the Sea, which governs the use of ocean resources. POLITICO’s Jordan Wolman explains why the U.S. has never ratified that treaty and what that means for the Biden administration’s clean energy goals. Jordan Wolman is a sustainability reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the last two weeks, executives and leaders from some of the nation’s biggest companies and labor unions pushed Democratic West Virginia Senator Joe Manchin to agree to a reconciliation package that includes clean energy and climate provisions. POLITICO’s Zack Colman explains. Zack Colman covers climate change for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

The oil and gas industry isn’t rushing to embrace Democrats’ recently unveiled climate spending package, which would penalize some forms of fossil fuel pollution while making one of the largest investments in clean energy in U.S. history. But the legislation includes provisions that could benefit oil and gas companies, several of which are reporting record profits. POLITICO’s Ben Lefebvre explains. Ben Lefebvre is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Wednesday, Senator Joe Manchin and Senate Majority Leader Chuck Schumer unveiled the details of a proposed reconciliation package that includes $700 billion-plus in climate, tax and health care provisions. POLITICO’s Josh Siegel and Kelsey Tamborrino discuss why Manchin finally agreed to this deal, break down the proposed clean energy and climate provisions, and if Democrats can get this legislation passed before the August recess. Kelsey Tamborrino is a reporter covering clean energy.Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

The national average price of a gallon of regular gas has fallen from its peak above $5 a gallon at the beginning of June. And because prices have declined, Republican attacks blaming President Joe Biden are no longer the lethal campaign weapon they once were as the midterm elections approach. POLITICO’s Ben Lefebvre explains the price decline, if experts believe that trend will continue and how much credit the Biden administration truly deserves.  Ben Lefebvre is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday, the Midwest power grid operator approved a $10.3 billion proposal to expand power transmission and ease congestion on the grid across nine states, while also clearing away for vast amounts of new clean energy to be built. POLITICO’s Catherine Morehouse breaks down the details of the proposal, how Midwest state regulators and utilities are reacting, and what this investment means for the rest of the nation’s power grid. Catherine Morehouse is an energy reporter for POLITICO.Josh Siegel is an energy reporter for POLITICO.Nirmal Mulaikal is a POLITICO audio host-producer.Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department.  Learn more about your ad choices. Visit megaphone.fm/adchoices

On Friday, the D.C. Circuit Court of Appeals ruled that regulations become “final” actions once they are made available for “public inspection” in the Federal Register – not the date of actual publication. That decision could impact future rulemakings from presidents and agencies, and put progressives in the unusual position of agreeing with former President Donald Trump’s regulation czar. POLITICO’s Alex Guillén explains. Alex Guillén is an energy reporter for POLITICO Pro.Kelsey Tamborrino is a reporter covering clean energy.Nirmal Mulaikal is a POLITICO audio host-producer.Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States’ capacity for refining oil into gasoline is declining, a trend that appears irreversible. And while more electric vehicles are hitting the road, the nation’s appetite for oil-derived fuels remains high. That’s not only causing political pain for President Joe Biden in the short-term, but it could also hurt future presidents on both sides of the aisle moving forward. POLITICO’s Ben Lefebvre explains.Ben Lefebvre is an energy reporter for POLITICO.Josh Siegel is an energy reporter for POLITICO.Nirmal Mulaikal is a POLITICO audio host-producer.Raghu Manavalan is a senior editor for POLITICO audio.Jenny Ament is the executive producer of POLITICO’s audio department. Learn more about your ad choices. Visit megaphone.fm/adchoices