Tag Archive for: fossile fuels

Where Texas Meets Iran

If the regime in Tehran falls this year, Texas oil companies stand to be some of the biggest winners. 

The skyline of Midland, Texas, and the smog-filled streets of Tehran may be 7,000 miles apart, but in 2026, their fates are inextricably linked.  As the Islamic Republic of Iran faces its most volatile internal crisis since the 1979 Revolution, the global energy market is bracing for a “Supply Shock” unlike any seen in the modern era.

For the Texas oil industry, the stakes are paradoxical: The fall of a geopolitical rival could either be the ultimate victory or mean a catastrophic price war.

Since the 2025 election, the White House has moved from a strategy of “containment” to “maximum economic strangulation” regarding Iran.  Current estimates suggest that despite sanctions, Iran has been leaking roughly 1.5 million barrels of oil per day into the “shadow market.”

If a regime change occurs, these “ghost barrels” will be legalized, and an additional 2 million barrels of latent capacity could flood the market.  For the Permian Basin, which has seen record-breaking production levels in early 2026, this influx of supply represents a direct threat to the current price floor of $75 per barrel.

The Trump administration’s 2026 energy policy — dubbed “Energy Dominance 2.0” — is built on the assumption that Texas can outproduce any global competitor.  However, a democratic or “Free Iran” would likely seek immediate Western investment to rebuild its crumbling infrastructure.

Texas-based giants like Halliburton and Baker Hughes are reportedly already drafting “Day After” contingency plans.  The goal?  To pivot from seeing Iran as a sanctioned rival to a massive reconstruction client.

  • The Risk: A sudden drop in global oil prices to $40 or $50 could lead to a “drilling holiday” in West Texas.
  • The Reward: Control over the technology and logistics used to modernize the world’s third-largest oil reserves.

The real catalyst for this shift is the 2026 Trade and Security Act, which imposes a 25% tariff on any nation facilitating Iranian oil exports.  This has effectively backed China — Iran’s largest customer — into a corner.  According to recent reports from the American Petroleum Institute, the goal is to bankrupt the IRGC (Islamic Revolutionary Guard Corps) before they can finalize their nuclear breakout.

If the Iranian regime falls this year, we will witness the greatest transfer of energy influence in history.  Texas will no longer just be a producer; it will be the architect of a new Middle Eastern energy grid.

But for the independent wildcatters in the Permian, the message is clear: Efficiency is the only survival strategy. In a world where Iranian oil is “free” again, only the most cost-effective Texas wells will keep the lights on in Midland.

Now let us try to look into which Texas firms win the “Post-Regime” Iran.

If the geopolitical dam breaks in Tehran, the ensuing flood won’t just be oil — it will be a tidal wave of infrastructure contracts.  Unlike the aging fields of Venezuela, Iran’s oil industry is structurally sound but technologically starved.  For the heavyweights in Houston and Dallas, the “Iranian Opening” represents the largest untapped service market of the decade.

In early 2026, American oil producers have already signaled a bullish stance on stabilizing a post-regime Iran.  The most immediate beneficiaries will be the companies that provide the “hardware” of the oil field:

  • Halliburton: With deep historical ties to the region, Halliburton is the frontrunner for well completion and hydraulic fracturing services.  It has spent 2025 reshuffling executive leadership to focus on global operations, positioning them perfectly for a rapid Middle Eastern pivot.
  • Baker Hughes: Specializing in “intelligent” completions and subsea technology, Baker Hughes is already expanding its fleet in Saudi Arabia, creating a massive logistical hub just across the Persian Gulf from Iran’s largest offshore fields.
  • SLB (Formerly Schlumberger): Though technically international, its massive Houston headquarters drives its “Digital Map” technology, which would be essential for modernizing Iran’s 50-year-old reservoir data.

Rebuilding Iran isn’t just about getting oil out of the ground; it’s about moving it.  Iran’s pipeline infrastructure is notorious for leaks and inefficiencies.  Texas-based Kinder Morgan, one of the largest infrastructure companies in North America, has the financial expectations for 2026 already baked into its “growth through transition” strategy.  Its expertise in large-scale natural gas transport would be the “missing link” for Iran’s South Pars field, the largest gas reservoir in the world.

Texas companies are wary for a reason.  History is littered with disputes, like the famous Oil Field of Texas, Inc. v. Iran, where Houston-based firms spent years in international courts fighting for unpaid equipment leases after the 1979 Revolution.

To mitigate this in 2026, the American Petroleum Institute (API) is advocating for “contract sanctity” as a prerequisite for any Texas firm entering the territory.  According to API president Mike Sommers, the industry is skeptical of entering any market without ironclad legal protections from the host government.

The “Texas-Iran” connection is a high-reward, high-volatility play.  Although oil prices have spiked recently due to disruption fears, the long-term play is in the modernization phase.  The winner won’t be the country that gets the oil first, but the Texas companies that get the contracts to build the pipes, sensors, and rigs that make the new Iranian energy economy possible.

©2026 . All rights reserved.

RELATED ARTICLES:

Oil climbs on concerns over potential Iranian supply disruption

The Brink of Conflict: Washington’s Decisive Shift and the Looming Shadow of War in the Middle East – Truth Media

Crown Prince Reza Pahlavi URGENT Speech – Iran Uprising Escalates

RELATED VIDEO: The real genocide of Iranians by the Nazi’s of our times

Biden Admin Invoked ‘Indigenous Knowledge’ To Cut Alaska Drilling, But Some Tribal Leaders Are Ready For Trump

The Biden administration justified major crackdowns on fossil fuel and mineral development in Alaska by playing up its commitment to Native American tribes, but some community leaders who spoke with the Daily Caller News Foundation said they did not feel respected by the administration

Over the course of the last four years, the Biden administration moved to shut down drilling activity on tens millions of acres of land in the National Petroleum Reserve-Alaska (NPR-A) and the Arctic National Wildlife Refuge (ANWR), retroactively canceled lease sales and effectively blocked a major mining project in the state, often touting the administration’s commitment to protecting the environment for native communities in official statements and press releases. However, these actions were a major disappointment to some of Alaska’s natives, who told the DCNF that the administration seems to have mostly ignored their desire to allow development that generates revenues for their communities and that they are ready to work with the incoming Trump administration to strike an appropriate balance.

“With climate change warming the Arctic more than twice as fast as the rest of the planet, we must do everything within our control to meet the highest standards of care to protect this fragile ecosystem,” Secretary of the Interior Deb Haaland said in a September 2023 statement after the administration moved to shield 13 million acres from drilling activity in the NPR-A and retroactively canceled lease sales. “President Biden is delivering on the most ambitious climate and conservation agenda in history. The steps we are taking today further that commitment, based on the best available science and in recognition of the Indigenous Knowledge of the original stewards of this area, to safeguard our public lands for future generations.”

However, the administration’s deference to “Indigenous Knowledge” did not mean much to some tribal leaders and officials in light of the government’s apparent disinterest in meaningfully engaging with them about key issues related to resource development.

Nagruk Harcharek is the president of Voice of the Arctic Iñupiat, an organization that represents the interests of numerous native communities in the resource-rich North Slope region of Alaska. In his view, the Biden administration was not particularly interested in hearing what his organization had to say about the value of the economic benefits that resource development provides for his community.

“I started here in 2022. The first thing I did was try to get in there and make sure our voices were heard, because what we’re hearing from the administration is that we’re the most tribally-friendly administration in the history of the United States, right? ” Harcharek told the DCNF. “At least from our perspective, that’s not our impression.”

“We’ve always tried to stress that we are part of the environment. We utilize it for subsistence hunting, for our culture, and it’s extremely important to us. We don’t need to be protected from our own environment,” Harcharek continued. “We can make decisions and help administrations make decisions that are both good for the region and also good for the environment and good for the state, good for the nation. And that just wasn’t the case. There was a lack of engagement, meaningful engagement. Oftentimes, we heard of policy changes in the news and not from phone calls from folks, even though everybody has our number.”

Harcharek says his organization attempted to secure a meeting with Haaland on nine different occasions, but only managed to get a chance in June of this year. Other times, the Department of the Interior (DOI) sent staffers or other officials to meet with them, if their outreach to the government was even returned.

“Sometimes we didn’t even get a response from those emails, so saying that they’re the most tribally-friendly and then not speaking to most of our tribes or us in a timely manner or a meaningful manner, the just question is, who are you? Who considers you the most tribally friendly organization? Because it sure isn’t us, or we’re not getting that sentiment,” Harcharek said.

Doreen Leavitt, secretary for the Inupiat Community of the Arctic Slope (ICAS), also ripped Haaland for lackluster engagement with her community since 2021 and expressed hope that Republican North Dakota Gov. Doug Burgum — Trump’s pick to replace Haaland — will be a better leader at DOI.

“Secretary Haaland’s leadership for ICAS and our region was not just deeply frustrating, but it was saddening because as an indigenous woman myself, who wants to see other indigenous women in leadership succeed and grow, her lack of respect for our region was frustrating, to say the least, despite her recognition of tribal stewardship, our requests for consultation on critical issues were ignored or dismissed,” Leavitt told the DCNF. “I don’t know much about Secretary Burgum, other than that he comes from the Dakotas, but we will expect the incoming secretary to provide that meaningful consultation, that transparent process and respect for our tribal sovereignty and self-determination and those things we did not see under Haaland.”

Leavitt also explained that resource development has provided the money her community needed over the past 50 years to establish and maintain basic things like running water, school systems, health clinics, emergency services and more.

Without taking a political stance, Leavitt noted that she and her organization are “especially looking forward to having the government-to-government relationship rights respected” by the incoming Trump administration.

Charles Lampe, the president of Kaktovik Iñupiat Corporation, said that he and his people are looking forward to Trump’s return to power after sensing that most of his community’s concerns about cracking down hard on resource development were “pretty much just cast aside” by the Biden administration.

“We’re really excited about the next four years. With the previous administration, the Trump administration, we had a great relationship. We just felt like we were actually listened to during that time,” Lampe told the DCNF.

AUTHOR

Nick Pope

Contributor.

RELATED ARTICLES:

Tribes Claim ‘A Seat At The Table’ Thanks To Trump’s National Monument Decision

‘Silence, Stonewall, And Scorn’: Native American Group Sues Biden Admin For Cracking Down On Massive Petroleum Reserve

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Clean Energy Fail: Hawaii CO2 Emissions Rise Since ’08 by Andrew Walden

Did you actually believe the Hawaii Clean Energy Initiative (HCEI) was designed to reduce the state’s CO2 emissions?

Sucker.

With the Clean Energy Initiative directing energy policies, Hawaii electric rates have gone up sharply.  Now a report from the environmental group Ceres.org shows that Hawaii is one of the very few states where CO2 emissions are going up as well.

Climate Central July 14, 2015 reports:

Though most states are slowing their emissions, the report shows eight states moving in the opposite direction, each seeing an increase in its emissions ratebetween 2008 and 2015. They include Kentucky, Louisiana, Arkansas, Nebraska, Utah, Idaho and Alaska. Another is Hawaii, which generates most of its power using imported crude oil and has passed a law requiring 100 percent of the state’s electricity to be generated using renewables by 2045 — the first state to make such a commitment.

HCEI was launched in 2008.

Why would CO2 output be increasing while Hawaii approves nearly 70,000 solar installations–by far the highest per capita in the USA–and pours taxpayer dollars into windfarms?  It is because of what Hawaii is not doing.  Climate Central continues:

…42 states are already reducing carbon dioxide emissions from power plants on their own as they move toward using less coal and more natural gas to produce electricity. Between 2008 and 2013, those states reduced greenhouse gas emissions from electric power plants by an average of 19 percent, according to a report published Tuesday by sustainability advocacy group Ceres, the Natural Resources Defense Council, Bank of America and four large utilities….

Hawaii Solar and Wind schemers have consistently opposed the use of LNG in Hawaii because it would reduce the cost of electricity and thereby undermine their so-called clean energy technologies.  They are interested only in their crony capitalist profits: Global warming is just a sales pitch.

Doing its best to cover up the real story, Pacific Business News July 22, 2015 reports, “Hawaii gets high marks for low emissions, new report says.”  Ceres does report Hawaii’s total CO2 emissions at 7.4M tons, 9th lowest in the USA.  But this is not a per capita or per MWH measurement.   Hawaii is a small state, nobody needs home heating and many do without air conditioning.  So having low emissions is not surprising–and it is certainly not reflective of any success on the part of HCEI.

What matters is whether the Hawaii Clean Energy Initiative is delivering the CO2 reductions which for many justify the increased expense.

The answer is no.

According to Ceres, Hawaii CO2 emissions from fossil fuels are 1,720 lbs per MWH, 23rd highest in USA.  Because of Hawaii’s poor fuel mix and profit-motivated reliance on irregular wind and solar instead of stable natural gas, Hawaii’s CO2 emission rate from all sources is 1,445 lbs per MWH, 14th highest in USA–and rising.

Background:

Fossil Fuels and Mankind by Euan Mearns

It has become popular to demonise fossil fuels (FF). Pop stars, press, politicians and now Pontiffs speak with a single voice:

We know that technology based on the use of highly polluting fossil fuels – especially coal, but also oil and, to a lesser degree, gas needs to be progressively replaced without delay. Until greater progress is made in developing widely accessible sources of renewable energy, it is legitimate to choose the lesser of two evils or to find short-term solutions. But the international community has still not reached adequate agreements about the responsibility for paying the costs of this energy transition.

Page 122 paragraph 165 of ENCYCLICAL LETTER LAUDATO SI’ OF THE HOLY FATHER FRANCIS ON CARE FOR OUR COMMON HOME

In this post I want to take a brief look at what FF have done for humanity and the environment. I will argue that in the 19th Century, FF first of all saved the whales from extinction and then through averting whole sale deforestation of the planet’s surface FF saved multiple ecosystems from destruction and as a consequence averted the extinction of thousands of species.

Figure 1.

Figure 1 Population growth (blue line), right hand scale. Fossil fuel consumption (million tonnes oil equivalent) left hand scale. The exponential growth in population would not have been possible without FF. We all therefore owe the fabric of our society and our very existence to the use of FF over the past century or more. 

Energy and Man

Every human being on Earth requires energy to survive (see list on Figure 1). Be it a handful of rice for the poorest Bangladeshi or the excesses of suburban life in the West, everything we do requires energy and in 2014 86% of that energy came from FF and 11% from legacy hydro and nuclear plant. Only 3% came from alternative sources. Worryingly, in a step back towards 19th century squalor, much of that 3% came from felling and burning forests.

Figure 2.

Figure 2 This chart shows per capita productivity (a proxy for income) on the Y-axis and per capita energy consumption on the X-axis. The data for each country represent a time series starting in 1970 and normally progressing with time towards greater income and energy consumption. It is plain to see that there is great disparity in the per capita income and per capita energy consumption between countries. As a general rule, developing countries are striving to become wealthy like the OECD and hence show year on year growth in income AND energy consumption. See for example China, Turkey, Brazil and Belarus. To become more wealthy and more prosperous, in the common sense, requires us to use more energy.

It is simple and simplistic to make the argument that there should be a more equitable distribution of wealth and energy consumption. It is certainly rational to propose the reduction of waste and improved energy efficiency in the west. But competition and survival of the fittest is in our genes and makes us who we are. And there are certain benefits that flow from the wealthy to the poor, inoculation against deadly infectious diseases to name but one.

I am not arguing here in favour of greater polarisation of wealth but merely making the observation that it is a natural consequence of the socio economic models that appear to have served us well. I would warn against the growing politics of envy.

To become wealthy, the poor need access to clean drinking water, sanitation, food, and housing. All this requires energy and natural resources.  The simplest and most economic way to provide this is through coal or gas fired power stations and the construction of electricity grids. To deny the poor access to FF is to condemn them to poverty for ever. It is fantasy to believe that the poor can be made wealthy (in the sense that the OECD is wealthy) by deployment of expensive and intermittent renewable energy. Like us, they may become wealthy only from using cheap, reliable and predictable energy supplies. This is not to say that there is no place for niche deployment of renewable energy in some developing countries.

Saving the Whales

During the 19th Century, global population doubled from approximately 0.8 to 1.6 billion (Figure 1). Throughout Europe and N America this coincided with a process of industrialisation, urbanisation and war. Resource consumption was on the rise and as we shall see in the following section forest timber was a key source of building material and fuel. But neither timber nor coal (at that time) could provide the light required in the cities that were being built and it is this niche that was filled by whale oil.

The production of whale oil grew exponentially from 1815 to 1845 and thereafter declined  following a classic “Hubbert curve” (Figure 3). At the same time we know that whales were almost hunted to extinction and this is often held up as an example of over exploitation of a finite resource. Post-peak whale oil production saw prices rise and become volatile suggesting a continued demand for whale oil that could not be met by supply. But the market situation is made more complex by the fact that just in the nick of time for whales, rock oil was discovered in Pennsylvania in the 1850s. It was found that rock oil could be distilled into a number of fractions and that one of those, kerosene, was ideal as lamp oil.

Figure 3.

Figure 3 The production of whale oil in the 19th Century follows a classic Hubbert curve with production dwindling as the stock of whales in the oceans was depleted. Chart source Ugo Bardi.

This represents one of the great energy substitutions of human society. It was to be short-lived since electric lighting would soon take over from kerosene where the electricity was provided by combusting coal. Note that I use the term substitution and not transition since there was a direct substitution of one energy source for the other and whales ceased to be a part of Man’s energy supply mix. Without the discovery and use of rock oil it seems likely that whales would have become extinct in the 19th Century.

Saving The Forests

Prior to the mid nineteenth Century the main fuel source used by Man was forest wood (Figure 4). Wood (biomass) continues to be an important fuel today throughout the developing world.

Figure 4.

Figure 4 The development of Man’s energy supplies has seen the sequential addition of coal, oil, gas, hydro and nuclear to the energy mix. In discussing energy transition, it is wrong to assume that a new energy source replaces what went before. The main pattern is one of addition, not substitution or replacement. Data from Vaclav Smil and BP as compiled by Rembrandt Koppelaar.

Population growth and progressive industrialisation throughout Europe led to wholesale deforestation of the Continent (Figure 5). And then in the mid-nineteenth Century we learned how to burn and mine coal on a grand scale powering the industrial revolution. We can but speculate what might have occurred had this not happened. It seems likely that Europeans would have spread themselves around the globe plundering resources on an even grander scale than took place at that time.

Figure 5.

Figure 5 Data on deforestation is hard to find. This slide from a surprisingly interesting presentation by Sir Mark Walport shows the impact of 2500 years of felling trees in Europe. It was to a large extent the quest for natural resources that sent Europeans around the World in the centuries that followed and that sent Adolf Hitler East in 1941. Our current system of international trade and financial deficits may be imperfect but it seems preferable to the system of plunder that it replaced.

What did happen is that we learned to use coal, then oil and natural gas and ultimately nuclear power. Harnessing the power of fossil fuels provided Man with energy slaves to do work on our behalf. It led directly to the progressive development of the highly sophisticated society we live in today where, life expectancy, health and comfort far exceed levels of 100 years ago for billions of souls. It allowed us to achieve this whilst largely abolishing slavery and ending our dependency on forest wood as a fuel.

When FF runs scarce in a country this can cause great harm to the environment as we saw in Indonesia in 2003. Indonesia was once a member of OPEC and exported oil. But owing to population growth, increased prosperity and then a down turn in oil production, Indonesia found itself facing oil imports. Donning a Green cloak, Indonesia turned to biofuels in the form of palm nut oil, and set about burning virgin rain forest and orang-utans to make way for the plantations.

Those who fail to see the staggering benefits brought to Man through using FF are blinded by dogma. Those who argue that FF should be phased out are making an argument to end prosperity for all.

The Population Paradox

Whilst I argue here, and many others have argued before me, that FF has enabled the human race to flourish, we have been so successful in doing so that over 7 billion souls on planet Earth is now viewed by many as the greatest threat to our continued existence. It is certainly true that there are a multitude of problems that are not evenly distributed about the Earth. These include water shortages, food shortages and malnutrition, air and water pollution, deforestation, social and civil unrest, spreading conflict, displaced persons, infectious diseases and their spread. These are all problems caused by too many people combined with inadequate social, political and economic structures to deal with a rapidly changing world. While certain aspects of air pollution in China and plastics pollution of ocean gyres may be attributed directly to FF, by and large FF are the solution to these problems, not their cause, for example creating clean water supplies and sanitation requires energy as does food production. It is a lack of energy and other resources that lies at the heart of many of the major issues that cause real hardship around the world. It is therefore a mark of extraordinary ignorance and stupidity to believe that withholding these resources may lead to solutions.

The problem of course is that we have become too successful at resolving these issues for many and that inevitably leads to more, not less people and a compounding of the very problems that we are attempting to resolve. Population controls are a subject ducked by virtually all OECD political leaders and organisations. Over population and poverty lies at the heart of many of the major issues confronting humanity and yet no one is prepared to confront this issue. It is certainly an extremely difficult issue to confront and not easily solved.

My own view is that natural evolutionary forces will see global population peak this century followed by decline. That is what the UN central forecast shows. This may happen via the spread of prosperity in some parts and by the spread of deprivation, disease, hunger and war in others. But what is widely viewed as a population problem, will resolve itself in response to various pressures.  A falling global population will present a whole new set of problems for humanity that we will address when the time comes. There will be a growing acceptance that economic growth, welfare, free healthcare and pensions were all temporary aberrations made possible by abundant and cheap FF. As those resources run scarce this century humanity will struggle to maintain the living standards of the past. There is no need to artificially create a major trauma for humanity today by forced withdrawal from the FF era upon which virtually all of our prosperity is based.

An argument can be made for leaving some FF for future generations but that is not the argument being made by Green anti-capitalists.

Past Energy Transitions

Finally, a quick note about past energy transitions as illustrated in Figure 4. Let me repeat what Pope Francis had to say:

We know that technology based on the use of highly polluting fossil fuels – especially coal, but also oil and, to a lesser degree, gas needs to beprogressively replaced without delay.

The first key observation from Figure 4 is that energy transition is via addition not substitution. In 150 years we have not replaced any of our major sources of energy with another at the system level. At the smaller scale oil fired power generation may have been replaced by coal and then by natural gas, but that merely freed up some oil or coal for use elsewhere. The second key observation is that “energy transition” has normally followed thermodynamic and economic laws where the new offered advantages over the old. It is therefore in my opinion sheer folly to believe and to propose that FF based technolgies can be replaced en-mass by much inferior, environment wrecking, more expensive renewable energy flows.

Figure 6 Millions visit the gold-plated Vatican every year, arriving in jet aircraft from all over the world, consuming vast amounts of oil and according to Pope Francis creating risks to the stability of Earth’s atmosphere.

Disclaimer

Certain readers may read my bio and then seek to make scurrilous claims that I am somehow wedded to and supported by the FF industries. This is not true. I do however have holdings in certain oil companies and I do object to Green pressure groups trying to talk down the price of energy companies in general. My analysis and opinions are based upon my understanding of thermodynamics, economics and human society. Comments will be heavily moderated. I cannot lay claim to the truth. And so if anyone can demonstrate in a quantitative way how we can migrate away from FF to alternatives with anet benefit to society then please make your case.

I made my alternative energy plan some time ago:

Energy Matters’ 2050 pathway for the UK

EDITORS NOTE: This column originally appeared on Energy Matters. The featured image is of Prometheus best known as the deity in Greek mythology who was the creator of mankind and its greatest benefactor, who gifted mankind with fire stolen from Mount Olympus.