It is high time that the U.S. forges a new energy policy based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas. Public lands have been made off-limits for drilling. The cancellation of the Keystone XL pipeline, and restrictions on other pipelines, have blocked the efficient U.S. distribution and export of energy. FERC approvals and EPA requirements have hampered the development of several gas export projects. Only the Russian assault on Ukraine has stopped Nord Stream 2, and that from Germany—not the U.S.

The GEI Data Research Team looks at the new hydrogen projects added to our database and the progress made on existing developments.

2021 brought an anticipated rebound in oil demand as driving activity increased throughout the year and lockdowns from the pandemic eased, along with the seasonal demands for heating as things returned to some level of normalcy in many ways. The resiliency of the industry was tested early this past February when the state of Texas encountered a series of winter storms that put a third of U.S. refining capacity offline for a short time. This event could have been viewed as a harbinger of continuing difficulties for the industry, following the events of 2020 that had already seen approximately 2.3 million barrels per day of refining capacity shut in. Despite this, countries around the world pushed projects forward in different ways and in varying sizes in the face of the emerging energy transition and from potential overcapacity in some regions.