.The Texas Energy Report

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.The Texas Energy Report

Biden’s Energy Policy Reduces America’s Energy Security: Alex Mills

By Alex Mills

September 29, 2022 — President Joe Biden is playing Russian roulette with America’s energy future. He has implemented policies designed to replace reliable energy sources with unproven renewables and depleted more than half the Strategic Petroleum Reserve, which was implemented to serve as an insurance policy in the event of a catastrophe.

Fossil fuels – crude oil, natural gas and coal – have provided a majority of the nation’s energy needs for decades, and they currently generate 80%.

Petroleum products became such an important part to America’s economy and national security the U.S. Congress authorized the creation of the SPR in 1975 with the intention of protecting against energy supply interruptions in the future.

The SPR consists of four underground salt caverns in Texas and Louisiana near the Gulf coast. It was finished in 1977 and it is authorized to hold up to 714 million barrels of unrefined crude oil. Its largest capacity was reached on Dec. 27, 2009 at 727 million barrels.
 

Artificial intelligence predicts algae potential as alternative energy source: Texas A&M

September 28, 2022 — Texas A&M AgriLife Research scientists are using artificial intelligence to set a new world record for producing algae as a reliable, economic source for biofuel that can be used as an alternative fuel source for jet aircraft and other transportation needs.

Joshua Yuan, Ph.D., AgriLife Research scientist, professor and chair of Synthetic Biology and Renewable Products in the Texas A&M College of Agriculture and Life Sciences Department of Plant Pathology and Microbiology, is leading the research project.

The team’s findings were published in January in Nature Communications. Ongoing research is funded by the U.S. Department of Energy Fossil Energy Office. The work is also being funded by a gift from Dr. John ’90 and Sally ’92 Hood, who recently met with Yuan to discuss his biofuels research program. The gift is managed by the Texas A&M Foundation.….
 

Silver Hill Energy Partners, LP Closes $1.02 Billion Fund Focused on Direct Investments in Premier Oil and Gas Basins Across the US: Press Release

September 21, 2022 — Dallas – Silver Hill Energy Partners, LP (“Silver Hill”), announced today that it has closed the franchise’s third partnership and first institutional private equity fund, Silver Hill Energy Partners III, LP (the “Partnership”), representing total capital commitments of $1,020,000,000. The Partnership has formed Silver Hill Energy Partners III, LLC, Silver Hill III Midstream, LLC and other regional affiliates (together with the Partnership, “Silver Hill III”), which is focused on the direct acquisition and development of operated onshore oil, natural gas and related infrastructure assets in premier basins across the U.S….