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Upstream oil and gas employment in Texas rose by 1,000 jobs month/month in August, marking a third straight month of sequential gains

Texas upstream employment swells amid soaring natural gas, oil production

Upstream oil and gas employment in Texas rose by 1,000 jobs month/month in August. It marks the third straight month of sequential gains. The Texas Oil & Gas Association (TXOGA) said and cited data from the Texas Workforce Commission.

“Month after month, Texas continues to demonstrate its strength as a production powerhouse. It is rising to meet the growing energy needs of our state, nation, and allies around the world”. This is what TXOGA President Todd Staples. says

“Upstream job growth reflects the sustained demand for these indispensable resources. It underscores the industry’s unwavering commitment to energy leadership. Morover, it is keeping Texas at the forefront of the global energy landscape.”

The group highlighted that since the pandemic-induced low point of September 2020, the industry has added 37,400 upstream jobs in the state, averaging growth of 791 jobs/month.

“Since the Covid low point, months with upstream oil and gas employment increases have outnumbered those with [decreases] by 36 to 11,” TXOGA researchers said. “These jobs pay among the highest wages in Texas, with employers in oil and natural gas paying an average salary of approximately $124,000 in 2023.”

The Texas Independent Producers and Royalty Owners Association (TIPRO) touted the job growth as well, noting that it was driven by the oilfield services segment.

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Source: NGI

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Estate planning with oil and gas interests

Estate planning with oil and gas interests

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DISCLAIMER: We are not financial advisors. The content on this website related to estate planning is for educational purposes only. It merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

Estate planning is a crucial aspect of managing and preserving wealth for future generations. When it comes to oil and gas interests, estate planning becomes even more significant due to the unique complexities and substantial value these assets can represent. Properly handling oil and gas interests in estate planning ensures that the rights, royalties, and income streams associated with these resources are efficiently transferred and managed. This article explores the intricacies of estate planning with oil and gas interests, highlighting essential considerations, strategies, and best practices for effectively incorporating these assets into a comprehensive estate plan.

Understanding Oil and Gas Interests and Estate planning

Oil and gas interests refer to the ownership rights associated with the exploration, extraction, and production of oil and gas resources. These interests can take various forms, including mineral rights, royalty interests, working interests, and overriding royalty interests. Each type of interest carries distinct legal, financial, and operational implications, making it essential to understand the nature and value of the assets involved.

Mineral Rights

Mineral rights grant the owner the authority to explore, extract, and sell minerals beneath the surface of a property. These rights can be severed from surface rights, allowing different parties to own the surface land and the underlying minerals. When included in an estate, mineral rights can generate substantial income through lease agreements and royalties from production.

Royalty Interests

Royalty interests entitle the owner to a percentage of the revenue generated from the extraction and sale of oil and gas resources. Unlike working interests, royalty interest owners do not bear the costs associated with exploration and production. These interests provide a passive income stream, making them attractive assets for estate planning.

Working Interests

Working interests involve active participation in the exploration, development, and production of oil and gas resources. Owners of working interests share in the costs and risks of production but also receive a proportionate share of the revenue. These interests require ongoing management and involvement, which should be considered in estate planning.

Overriding Royalty Interests

Overriding royalty interests are similar to royalty interests but are typically created when a working interest owner assigns a portion of their revenue to another party. These interests do not involve ownership of the mineral rights themselves but provide a share of the production revenue. Overriding royalty interests can be valuable assets in an estate plan.

Importance of Estate Planning with Oil and Gas Interests

Effective estate planning for oil and gas interests ensures that these valuable assets are managed, preserved, and transferred according to the owner’s wishes. Without proper planning, oil and gas interests can become entangled in legal disputes, incur unnecessary taxes, and lose value due to mismanagement. Key benefits of estate planning with oil and gas interests include:

Asset Protection

Estate planning helps protect oil and gas interests from potential creditors, legal challenges, and other risks. By establishing trusts, limited liability companies (LLCs), or other legal structures, owners can shield these assets from personal liabilities and ensure their long-term preservation.

Tax Efficiency

Proper estate planning can minimize the tax burden associated with transferring oil and gas interests to heirs or beneficiaries. Strategies such as gifting, establishing trusts, and leveraging valuation discounts can help reduce estate and gift taxes, ensuring that more of the asset’s value is retained within the family.

Continuity and Management

Estate planning ensures the seamless transition of management and ownership of oil and gas interests. By designating successors, creating management plans, and establishing clear instructions, owners can avoid disruptions and ensure that the assets continue to generate income and value for future generations.

Avoiding Probate

Incorporating oil and gas interests into an estate plan can help avoid probate, a lengthy and public legal process. Using tools such as revocable living trusts, transfer-on-death deeds, and beneficiary designations, owners can transfer these assets directly to heirs without the need for probate proceedings.

Key Considerations in Estate Planning with Oil and Gas Interests

When incorporating oil and gas interests into an estate plan, several key considerations must be taken into account to ensure a comprehensive and effective strategy.

Valuation of Oil and Gas Interests

Accurate valuation of oil and gas interests is crucial for effective estate planning. These assets can fluctuate in value based on factors such as production levels, market prices, and regulatory changes. Engaging a qualified appraiser with expertise in the oil and gas industry is essential to determine the fair market value of these interests.

Legal and Regulatory Compliance

Oil and gas interests are subject to a complex web of legal and regulatory requirements. Ensuring compliance with state and federal laws, lease agreements, and environmental regulations is vital to avoid legal disputes and penalties. Consulting with an attorney specializing in oil and gas law can help navigate these complexities and ensure compliance.

Succession Planning

Succession planning is a critical component of estate planning with oil and gas interests. Identifying and preparing successors to manage these assets is essential to ensure their continued productivity and value. This may involve training family members, appointing professional managers, or establishing clear management structures within trusts or LLCs.

Income and Cash Flow Management

Oil and gas interests can generate significant income through royalties and production revenue. Managing this income effectively is crucial to ensure that it supports the needs of the estate and beneficiaries. Establishing mechanisms for income distribution, budgeting, and investment can help maintain financial stability and growth.

Impact of Taxes

Taxes play a significant role in estate planning with oil and gas interests. Federal and state estate taxes, gift taxes, and income taxes can all impact the transfer and management of these assets. Utilizing tax-efficient strategies, such as gifting, charitable donations, and leveraging tax exemptions, can help minimize the tax burden.

Charitable Giving

Incorporating charitable giving into an estate plan can provide tax benefits and support philanthropic goals. Donating oil and gas interests to charitable organizations can help reduce estate and income taxes while contributing to causes that align with the owner’s values.

Environmental and Social Responsibility

Considering the environmental and social impact of oil and gas interests is increasingly important in estate planning. Owners may wish to incorporate sustainable practices, support environmental initiatives, and address community concerns as part of their estate planning strategy. Establishing guidelines for responsible resource management and engaging with stakeholders can enhance the legacy of these assets.

Estate Planning Strategies for Oil and Gas Interests

Several strategies can be employed to effectively incorporate oil and gas interests into an estate plan. These strategies should be tailored to the specific needs and goals of the owner and their family.

Creating Trusts

Trusts are a powerful tool for estate planning with oil and gas interests. They provide flexibility, asset protection, and tax benefits. Different types of trusts, such as revocable living trusts, irrevocable trusts, and charitable remainder trusts, can be used to achieve various estate planning objectives.

Revocable living trusts allow the owner to retain control over the assets during their lifetime while ensuring a smooth transition to beneficiaries upon death. Irrevocable trusts can help reduce estate taxes by removing the assets from the owner’s taxable estate. Charitable remainder trusts provide income to the owner or beneficiaries for a specified period, with the remaining assets eventually going to a designated charity.

Establishing LLCs

Limited liability companies (LLCs) can be used to manage and protect oil and gas interests within an estate plan. By transferring these assets into an LLC, owners can limit personal liability, streamline management, and facilitate the transfer of ownership interests. LLCs also offer flexibility in terms of management structure and income distribution.

Gifting Strategies

Gifting oil and gas interests during the owner’s lifetime can be an effective way to reduce the taxable estate and transfer wealth to heirs. Utilizing the annual gift tax exclusion, lifetime gift tax exemption, and valuation discounts can help minimize gift taxes. Gifting strategies should be carefully planned to balance tax efficiency with the owner’s financial needs and goals.

Family Limited Partnerships

Family limited partnerships (FLPs) can be used to centralize the management of oil and gas interests and facilitate the transfer of ownership to future generations. By establishing an FLP, the owner can transfer limited partnership interests to heirs while retaining control as the general partner. This structure provides asset protection, potential valuation discounts, and a mechanism for orderly succession planning.

Life Insurance

Life insurance can play a vital role in estate planning with oil and gas interests. It can provide liquidity to cover estate taxes, debts, and other expenses, ensuring that the oil and gas interests do not need to be sold under unfavorable conditions. Life insurance proceeds can also be used to equalize inheritances among heirs, particularly when oil and gas interests represent a significant portion of the estate.

Professional Management

Engaging professional management services can help ensure the efficient and effective management of oil and gas interests within an estate plan. Professional managers bring expertise in areas such as lease negotiation, production monitoring, regulatory compliance, and income distribution. Their involvement can help maximize the value of these assets and reduce the burden on family members.

Regular Review and Updates

Estate planning is not a one-time event but an ongoing process. Regularly reviewing and updating the estate plan is essential to account for changes in family circumstances, asset values, tax laws, and personal goals. Periodic reviews ensure that the plan remains aligned with the owner’s wishes and continues to provide the desired benefits.

Case Studies and Real-World Examples (Estate planning)

Examining real-world examples of estate planning with oil and gas interests can provide valuable insights into effective strategies and common pitfalls. Several case studies highlight the diverse approaches taken by different families and individuals to manage and transfer these valuable assets.

Family Legacy and Trusts

A family with substantial oil and gas interests used a combination of revocable living trusts. Irrevocable trusts to ensure the seamless transfer of assets to future generations. The revocable living trusts allowed the family to retain control during their lifetimes while avoiding probate. Irrevocable trusts were established to reduce estate taxes and protect the assets from potential creditors.

The family also engaged professional managers to oversee the oil and gas interests. It ensures that the assets continue to generate income and value. Regular family meetings and clear communication helped maintain a cohesive approach to asset management and succession planning.

Charitable Giving and Environmental Stewardship

An individual with significant oil and gas interests incorporated charitable giving and environmental stewardship into their estate plan. By establishing a charitable remainder trust, they were able to receive income from the assets during their lifetime. Eventually, it benefits a environmental organization. This approach provided tax benefits and supported the individual’s commitment to sustainable resource management.

The estate plan also included guidelines for responsible extraction practices and community engagement. It is ensuring that the oil and gas interests are manageable. It is in a way that aligned with the individual’s values. Regular reviews and updates to the plan helped address changing environmental concerns and philanthropic goals.

Business Succession and LLCs

A business owner with working interests in several oil and gas projects used limited liability companies (LLCs). It is to facilitate business succession and estate planning. By transferring the working interests into LLCs, the owner was able to limit personal liability and streamline management.

The LLC structure allowed for the transfer of ownership interests to family members while retaining centralized control. Clear succession plans and training programs were established to prepare the next generation for management responsibilities. Regular financial reviews and professional advice helped optimize the income and value generated by the oil and gas interests.

Estate planning with oil and gas interests requires careful consideration of legal, financial, and operational factors. Owners can ensure the preservation and efficient transfer of wealth to future generations. It is by understanding the nature of these assets and employing effective strategies, oKey considerations such as valuation, legal compliance, succession planning, and tax efficiency are essential to developing a comprehensive estate plan.

Utilizing tools such as trusts, LLCs, gifting strategies, and professional management can help achieve estate planning goals while protecting and maximizing the value of oil and gas interests. Regular reviews and updates to the estate plan ensure its continued relevance and effectiveness in light of changing circumstances and goals.

By taking a proactive and informed approach to estate planning with oil and gas interests, individuals and families can secure their financial legacy and support the responsible management of valuable natural resources.

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US oil and gas production

US oil and gas production boom gets “surprising” endorsement from Biden’s top climate advisor

America’s oil and gas boom received an unexpected endorsement from John Podesta, the president’s top climate adviser, who praised the surge in domestic production as an economic benefit for the nation. This increase in production has positioned the United States as the world’s largest oil producer, with daily output nearly 50% higher than that of Saudi Arabia. Podesta emphasized that this growth has not only been advantageous for American consumers, but it has also bolstered national security. By enhancing the nation’s energy independence, the U.S. has been able to mitigate some of the geopolitical risks associated with foreign oil supplies, particularly in light of global tensions and rising energy demands.

Addressing the energy crisis

Furthermore, Podesta pointed to the significant role of U.S. gas production in addressing the energy crisis in Europe following Russia’s invasion of Ukraine, as American exports have effectively filled the supply gaps left by disrupted Russian sources. He noted that the increase in domestic crude output has contributed to a reduction in inflationary pressures, with current gas prices reflecting a 20% decrease compared to the previous year. These remarks align with the broader strategic messaging from Vice President Kamala Harris, who is actively promoting both increased oil production and the development of clean energy jobs.

The dual approach being employed by the administration is strategically designed to resonate with a wide array of voter bases, especially in regions abundant in natural resources such as Pennsylvania. This state, known for its significant reserves of natural gas, presents a unique landscape where economic interests and environmental concerns often intersect. By emphasizing policies that advocate for energy production and job creation in the fossil fuel sector, the administration seeks to win the support of workers and local communities that depend on these industries for their livelihoods. Simultaneously, the administration is committed to implementing initiatives that promote environmental sustainability, thereby ensuring that economic growth does not come at the expense of ecological integrity. This balancing act is crucial in fostering a sense of trust and collaboration among constituents who may have differing priorities regarding energy policy.

Understanding of the complexities of US oil and gas production

Moreover, this approach reflects an understanding of the complexities inherent in energy politics, particularly in a state like Pennsylvania, where the energy sector plays a pivotal role in the economy. By leveraging the advantages of gas production—such as job creation, energy independence, and regional economic stability—the administration can appeal to voters who prioritize immediate economic benefits. At the same time, by promoting renewable energy initiatives and stricter environmental regulations, it addresses the concerns of constituents who are increasingly aware of climate change and its implications. This comprehensive strategy not only aims to unite diverse political factions but also positions the administration as a forward-thinking leader capable of navigating the intricate dynamics of energy policy in a way that is both economically viable and environmentally responsible. Such a nuanced approach is essential for fostering long-term support and ensuring sustainable development in gas-rich regions.

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Source: World Oil

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Fed rate cut

Fed rate cut hikes oil and gas prices

While markets expected the US Federal Reserve to cut (Fed rate cut) interest rates this week, the magnitude of the change, a 0.05% reduction, was unexpected. The announcement sent higher equities, which spurred crude markets as economic growth cannot occur without an increase in energy consumption.

Stepped-up attacks on Hezbollah by Israel and an inventory draw also played a role in supporting the rally. Furthermore, the US is back in the oil market as the US Department of Energy (DOE) announced its intent to purchase up to 6.0 million bbl to replenish the Strategic Petroleum Reserve (SPR) with deliveries occurring during first quarter 2025.

However, while higher week-on-week, prices remained capped by ongoing concerns over demand in China as its central bank decided not to lower key interest rates despite a sluggish economy and despite the move by the US government. The high for WTI of $72.50/bbl was set on Thursday while the low was Monday’s $68.65/bbl.

Brent crude also stair-stepped higher with $75.20/bbl as its high on Thursday and the week’s low of $71.50 on Monday. Substantial buying interest was seen when Brent dipped below $70/bbl the prior week, suggesting a key level of support. Both grades of oil look to settle higher week-on-week. The WTI/Brent spread tightened to -$3.52.

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Source: Oil & Gas Journal

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U.S Oil and Gas Rig Count Jumps

U.S Oil and Gas Rig Count Jumps

The total number of active drilling U.S Oil and Gas rig count jumps rose substantially this week, bucking the recent downward trend, according to new data that Baker Hughes published on Friday.

The total rig count rose by 8 to 590 this week, compared to 641 rigs this same time last year.

The number of oil rigs rose by 5 this week after staying the same in the three weeks prior. Oil rigs now stand at 488—down by 27 compared to this time last year. The number of gas rigs rose by 3 this week to 97, a loss of 24 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 5.

Meanwhile, U.S. crude oil production stayed the same for the week ending September 6, according to weekly estimates published by the Energy Information Administration (EIA). Current weekly oil production in the United States, according to the EIA, is just 100,000 from its all-time high.

Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells that are unfinished, fell again in the week ending September 6, from 222 to 220, adding onto the last four weeks of losses.

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Source: Oil Price

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New Oil and Gas Discovery Pops Up in Gulf of Mexico While Ongoing Drilling Ops Hint Another May Come Soon

New Oil and Gas Discovery Pops Up in Gulf of Mexico While Ongoing Drilling Ops Hint Another May Come Soon

Have you heard of the drilling activities at the Ewing Bank 953 well (EW 953 well)? It led to the discovery of commercial quantities of oil and natural gas and it is encountering approximately 127 feet of net pay. The target sand is at approximately 19,000 feet true vertical depth (TVD).

The preliminary data indicates an estimated gross recoverable resource potential of around 15 – 25 million barrels of oil equivalent (MMBoe). It is from a single subsea well with an initial gross production rate of 8 – 10,000 barrels of oil equivalent per day (MBoe/d). The first production will be on mid-2026.

The Ewing Bank 953 well is set to be tied back to the South Timbalier 311 Megalodon host platform. It is a facility in which Talos Energy holds a partial ownership stake. This strategic tie-back is anticipated to optimize operational efficiencies and enhance production capabilities. The EW 953 well is under the operation of Walter Oil & Gas. It possesses a significant 56.7% interest in the project. Talos Energy holds a substantial 33.3% working interest. Gordy Oil Company retains the remaining 10% stake in the venture. This collaborative effort among the stakeholders underscores the importance of joint investment and resource-sharing. in the evolving landscape of offshore oil exploration and production.

Initial Findings

Joe Mills, the Interim President and Chief Executive Officer of Talos Energy, expressed enthusiasm regarding the initial findings from the Ewing Bank 953 well. He noted, “We are excited about the results of the Ewing Bank 953 well. The well-logged better than expected rock properties, which we believe should lead to a robust initial flow rate.” These promising geological characteristics are crucial as they suggest a potentially high-yield output, which could significantly contribute to the overall production portfolio of Talos Energy and its partners. The anticipated flow rate, combined with the strategic positioning of the well within an established infrastructure, not only enhances the immediate economic outlook but also supports the long-term sustainability goals of all operators involved in this project.

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Source: Offshore Energy

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Record Oil Production

Record Oil Production in Permian and Bakken Basins

Despite the Biden-Harris administration’s stated objectives to phase out oil and gas production. This is in favor of more sustainable energy sources, recent developments in the Permian and Bakken basins illustrate a contrasting reality. Record oil production is happenning now. These regions, which are pivotal to the U.S. energy landscape, are currently experiencing oil and gas production rates that have not been witnessed in over 13 years. This resurgence in output underscores the complexities of transitioning to greener energy, as it appears that the demand for fossil fuels remains robust. Notably, the Macquarie Group has revised its forecasts, suggesting that U.S. crude production may outpace many analysts’ expectations, indicating a more resilient oil market than previously anticipated.

In the Midland Basin, which spans parts of Texas and New Mexico, operators—including several firms based in Oklahoma—have significantly intensified drilling activities. According to a report by Bloomberg, these companies drilled an impressive average of 47 miles of horizontal lateral wells during the year ending in June, marking a record high not seen since 2011.

The Ongoing Innovation

This remarkable achievement not only underscores the ongoing innovation and efficiency improvements within the energy sector but also provokes critical questions regarding the long-term implications for energy policy and environmental considerations. As production levels continue to rise, it is essential to recognize the transformative impact this growth may have on both local and global markets. Stakeholders—including policymakers, industry leaders, and environmental advocates—must engage in comprehensive dialogues to understand how these advancements can be strategically leveraged to meet increasing energy demands. Furthermore, this raises important inquiries about the sustainability of such production methods and the potential for technological solutions to mitigate adverse effects.

As the industry evolves, the challenge lies in navigating the intricate balance between satisfying immediate energy needs and committing to sustainable practices that align with broader climate goals. This includes exploring renewable energy sources, enhancing energy efficiency, and implementing responsible resource management. By fostering collaboration among diverse stakeholders, the sector can create a framework that not only prioritizes energy security but also promotes environmental stewardship. Therefore, the ongoing dialogue surrounding these developments is crucial, as it will determine the trajectory of energy policies and practices in the years to come, ultimately shaping a sustainable future for generations.

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Source: OK Energy Today

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Embracing innovation

Embracing innovation is the key to oil industry growth, says expert

A seasoned logistics expert, Azubuike Ukwuoma, has advocated embracing innovation in the oil and gas sector through innovative approaches.

In a bid to achieve this, Ukwuoma recommended a “LOGIC methodology”, which he claimed would redefine operational efficiency and set new standards in the industry.

While sharing insights into his career journey and the development of the LOGIC methodology on Monday, he said, “What inspired me to pursue a career in logistics was my fascination with the intricate systems behind shipping and delivery services.

“The LOGIC methodology emerged from my experiences and the realization that a structured approach could significantly enhance operational efficiency.”

If adopted, the expert explained that the methodology would enhance customer satisfaction and ensure compliance with industry regulations.

He said the LOGIC methodology is on five key pillars logistics management, optimisation techniques, governance and compliance, innovation and technology, coordination and communication.

Ukwuoma said, “Effective logistics management is at the core of the LOGIC methodology. This includes strategic planning, resource allocation, and performance metrics. This is to ensure every aspect of the supply chain is efficiently managed.

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Source: PUNCH

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How AI will transform planning

How AI will transform planning, scheduling, and risk management in the oil and gas industry

The oil and gas industry has long been a cornerstone of global energy production. The future holds even greater possibilities as AI begins to redefine how this sector operates. With the complexities of planning, schedule development, and risk management becoming more pronounced. AI is poised to revolutionize these areas, enabling the industry to adapt to an increasingly unpredictable environment. So, how AI will transform planning?

In an industry marked by volatility, high capital expenditures, and intricate project lifecycles, traditional methods of planning and risk management are increasingly becoming insufficient. These approaches, often based on historical data, human mistakes, and obsolete models, can lead to inefficiencies, delays, and unanticipated risks that significantly impact both financial and operational outcomes. However, the integration of AI will transform these challenges into opportunities for greater efficiency.

AI’s ability to analyze vast datasets, identify patterns, and generate predictive insights will become an indispensable asset in planning and scheduling. Companies will be able to enhance accuracy, reduce uncertainty, and make more informed decisions by incorporating AI into these processes. AI-driven risk management tools will proactively identify potential safety issues, allowing for preemptive action and reducing the likelihood of project disruptions, ultimately leading to safer and more efficient operations.

Project management, particularly the development of detailed and accurate schedules, will also see significant advancements. AI-powered tools, leveraging machine learning algorithms and vast historical project data, will predict schedule deviations with unprecedented accuracy. This predictive capability will enable project managers to anticipate bottlenecks and adjust schedules proactively, ensuring smoother execution and reducing the reactive firefighting that often plagues large-scale projects.

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Source: Tech Talks

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oil and gas industry

Oil and Gas Industry – Elon Musk warns against vilifying the oil and gas industry

The world should stop vilifying the oil and gas industry, Elon Musk told Donald Trump in an interview on X, reiterating previous similar calls.

“My views on climate change and oil gas […] are pretty moderate,” Musk told Trump during the conversation.
“I don’t think we should vilify the oil and gas industry and the people that have worked very hard in those industries to provide the necessary energy to support the economy,” added the Tesla CEO billionaire, who has endorsed Trump for president.

Musk also said that realistically the world could transition to a sustainable economy in 50 to 100 years—a timeframe which Trump extended to “100 to 500 years” later on in the interview, without Musk correcting him.

Tesla’s boss and the face of the energy transition for many enthusiasts also said that regarding oil and gas “it’s not like the house is on fire immediately.”

Faster than Slower Oil and Gas Industry

“It’s probably better to move there faster than slower. But like without vilifying the oil and gas industry and without causing hardship in the short term,” Musk added.

That’s not the first time the billionaire has called on the public to stop “demonizing” fossil fuels. He did that at the end of last year when he told an Italian right-wing summit that it was time to be “pragmatic” and “sensible”, instead of demonizing oil and gas–at least in the medium term.

Donald Trump, for his part, has been a staunch supporter of the U.S. oil and gas industry and has claimed for years that the Biden Administration’s EV mandate will wreck good-paying American auto industry jobs.

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Source: Oil Price

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