Trade association
Appears in 2 stories
Defendant; case dismissed
A federal judge dismissed Michigan's antitrust lawsuit against five major oil companies on September 22, ruling the state could not show the firms' alleged conspiracy to suppress renewable energy caused its residents' higher energy costs. US District Judge Jane Beckering wrote that antitrust law protects almost none of the injuries Michigan cited, and the causal chain from a decades-old alleged conspiracy to today's prices was too long.
Updated Sep 23
Defending Gulf auctions and lower royalty rates as essential for energy security
Donald Trump's second-term energy agenda has moved from a single Gulf auction to a full-scale offshore transformation. The December 10 Gulf lease sale—81.2 million acres at a 12.5% royalty rate, generating $279.4 million—was just the opening move. By year's end, the administration had proposed a sweeping 2026-2031 leasing plan covering 1.27 billion acres off California, Florida and Alaska, and scheduled a second Gulf sale for March 11, 2026. It simultaneously halted all five major East Coast offshore wind projects, citing national security risks; Shell-INEOS's early January oil discovery south of New Orleans showed the industry's bet on deepwater Gulf prospects.
Updated May 10
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