From The Center Square

By Bethany Blankley

Energy policies included in the U.S. House budget reconciliation package represent a “significant shift in U.S. energy policy,” those in the Texas energy sector argue.

This is after the industry has expressed trepidation over Trump energy and tariff policies that created uncertainty in the market by driving up costs, reducing domestic output and dissuading domestic producers from investing in exploration and expanded production, The Center Square reported.

While the Texas oil and natural gas industry reported job gains in January and February, it reported losses in March for the first time in months as rig counts dropped, The Center Square reported. The industry slightly rebounded in April, according to the latest employment data, The Center Square reported.

Uncertainty in the industry remains due to federal energy policies and “numerous economic and geopolitical factors” that continue to impact domestic production and related investment decisions, the Texas Independent Producers and Royalty Owners Association (TIPRO) said. This includes Trump administration tariffs on steel and aluminum and encouraging OPEC+ countries to increase production, driving down domestic production and profits, The Center Square reported.

However, a positive development is a commitment to reversing Biden administration-era policies, TIPRO notes. This includes Congress prioritizing pro-energy policies in its budget reconciliation bill, referred to by President Donald Trump as one “big, beautiful bill.” The policies include expanding federal fossil fuel leasing, reducing royalty rates, streamlining the permitting process, repealing so-called clean energy incentives, refilling the Strategic Petroleum Reserve and delaying the Methane Emissions Reduction Program (MERP).

The proposals were included in the energy sections of the House Ways and Means Committee and House Natural Resources Committee packages, including prioritizing expanding fossil fuel production, TIPRO notes. The sections were included in the package before the House Budget Committee, which failed to advance it on Friday.

TIPRO and others have called for prioritizing domestic energy production, expanding critical infrastructure, including LNG ports and pipelines, protecting key tax provisions essential to the industry, among other priorities.

Included in the House package is a requirement for at least 30 oil and natural gas lease sales to be made on federal land and in the Gulf of America over the next 15 years. In Alaska, it requires six lease sales for Cook Inlet and authorizes leasing to begin in the National Petroleum Reserve and Arctic National Wildlife Refuge. It also reinstates quarterly onshore oil and gas lease sales, generating an estimated $12 billion in revenue, TIPRO notes.

House energy proposals also reduce royalty rates to 12.5% for onshore and offshore drilling, down from 16.67% and 18.75%, respectively, and put processes in place to increase permitting approvals for energy projects.

House Republicans also repealed provisions of the Inflation Reduction Act, including clean energy incentives that provided tax credits for electric vehicles and renewable energy projects. They also curtailed the hydrogen production credit and expired “technology neutral” clean energy credits by 2031, TIPRO notes.

The House proposal also allocated $1.5 billion to replenish the SPR and delayed MERP by 10 years.

“With the exponential growth in energy demand forecasted in the coming years, oil and natural gas will continue to play a dominant role, but we must have the right strategy in place to provide regulatory and economic certainty to our members for the benefit of our country and allies,” TIPRO President Ed Longanecker said.

With Texas continuing to lead the U.S. in oil and natural gas production, emissions reductions and job growth, “sound policies that support fair business practices and laws that keep our state competitive are necessary if Texas is going to continue to benefit from oil and natural gas activity,” Texas Oil & Gas Association President Todd Staples said.

From the Daily Caller News Foundation

By Jason Cohen

Former President Joe Biden received a diagnosis of prostate cancer on Friday, according to a Sunday announcement by his personal office.

The statement characterizes the cancer Biden has as “a more aggressive form of the disease” that has metastasized to the bone, but the statement adds that it can be effectively managed. The diagnosis follows renewed scrutiny on Biden’s physical and mental decline, along with its cover-up, ahead of the release of a book on the subject titled “Original Sin” by CNN anchor Jake Tapper and Axios reporter Alex Thompson.

“Last week, President Joe Biden was seen for a new finding of a prostate nodule after experiencing increasing urinary symptoms. On Friday he was diagnosed with prostate cancer, characterized by a Gleason score of 9 (Grade Group 5) with metastasis to the bone,” the statement reads. “While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The President and his family are reviewing treatment options with his physicians.”

A Gleason score of nine indicates high-grade cancer, meaning that the tumor is more likely to spread aggressively, according to Mount Sinai. A lower Gleason score would indicate that the cancer does not grow as quickly and is less likely to spread elsewhere.

Since leaving office in January, Biden has delivered one major public speech and participated in interviews with “The View” and BBC. In his May 8 appearance on “The View,” he denied reports that he experienced cognitive decline during his presidency.

After Biden’s son Beau passed away from brain cancer in 2015, he decided not to run for president in 2016 before running again and securing the White House in 2020. Excerpts from “Original Sin” and other revelations about the Biden presidency indicate that the former president was in declining physical and mental condition throughout his term, and that the extent of his decline was no longer deniable after his poor performance in the June 2024 debate against President Donald Trump.

Trump issued a statement on Truth Social shortly after news of Biden’s diagnosis broke on Sunday.

“Melania and I are saddened to hear about Joe Biden’s recent medical diagnosis,” Trump wrote. “We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery.”