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ENERGY AND MINING

The report comes as the Biden administration prepares in the coming months to unveil new safety-related rules to curb methane emissions from pipeline systems that transport gas from production to local distribution.
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.
Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
The North American Electric Reliability Corporation and the region's power grid operator warned generation capacity could fall short of demand on the hottest days this summer. Above normal temperatures expected in the Upper Midwest combined with a historic drought are expected to contribute to the strain.

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The EPA is likely to raise ethanol blending mandates for 2021 above a figure it proposed in December to align with actual U.S. consumption levels.
The commitment, published at the end of three days of talks, was weaker than a previous draft of the final communique seen by Reuters, which had included a target to end unabated coal power generation by 2030. Sources familiar with the discussions said Japan and the United States had both indicated they could not support that date.
Some 39 million people will travel 50 miles or more by car during the Memorial Day Weekend, up 8.3% from a year-ago and close to pre-pandemic volumes.
Business Insider reported on Thursday that SpaceX paid $250,000 in 2018 to settle claims by an unnamed private jet flight attendant who accused Musk of exposing himself to her.
Climatologist Mark Seeley said at many Minnesota climate stations, the first four months of the year had daily wind gusts of 30 miles per hour or more on 60% of days.
The average cost of a retail gallon of gasoline hit $4.374 early Tuesday, according to the American Automobile Association, surpassing the former record of $4.331.

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Airlines, hotels, rental car companies and booking sites all reported a surge in demand for their services in the latest batch of company earnings. But at the same time, many of those companies face a tight labor market and limited volume.
Xcel plans to close all three of Sherco's coal units by 2030. It wants to replace a portion of that electricity with a 460-megawatt solar project that would cover about 3,200 acres just outside of Becker.
The move comes after Russia's invasion of Ukraine and the sanctions and boycotts that followed launched retail gasoline prices to record highs, a vulnerability for Biden's fellow Democrats in November's congressional elections.

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