Biden Re-inserts U.S. into Center of Global Climate Efforts

RP Weekly Recap | April 19 – 23

Summary

President Joe Biden’s recently unveiled a tax plan to accompany his $2 trillion infrastructure proposal that takes direct aim at fossil fuel subsidies in favor of clean energy incentives. The “Made in America Tax Plan” is set to raise the corporate income tax rate from 21% to 28% and replace fossil fuel subsidies with clean energy incentives. The plan outlines several clean energy tax credits, including a 10-year extension of wind, solar, and battery tax credits, but does not specify which fossil fuel subsidies could face the chopping block.


COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 144,979,282 (up from 139,316,352last week)
  • Number of Cases (USA): 31,950,831 (up from 31,508,668last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News


Employment Updates


United States Rig Count

  • Down 8 from last week for a total of 426
  • Down 22.0% from one year ago
  • Statistics courtesy of Baker Hughes

RARE PETRO Updates

Content UpdatesNews PulsePodcast

  • A NEW Basin Breakdown for the Month of March is available now! Be sure to check out the articles HERE and podcast HERE!

  • Episode Three of our newest segment, Hydrocarbon History is available now! Join us as we explore the history of oil and gas to see what we might learn from the mistakes and successes of others. In the second episode, Tavis explores the historical significance of one of the most beloved energy sources of all time: Whales. 

  • A new episode of the Periodical Podcast is available now! Be sure to check out our discussion In this week’s episode of the Periodical Podcast, your hosts Kevin and Tavis dive into President Joe Biden’s recently unveiled tax plan to accompany his $2 trillion infrastructure proposal that takes direct aim at fossil fuel subsidies in favor of clean energy incentives.

  • This week’s Periodical gives a breakdown of the $2 trillion “Made in America Tax Plan.” An infrastructure proposal unveiled by President Biden. The plan is set to eliminate fossil fuel subsidies and increase clean energy economic incentives.

  • Episode Fourteen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Matt Showalter, Executive Chairman at Iron-IQ!

  • Episode 11 (Tackling the Data Monster Pt. 2) of the Modern Mobile Oilfield is available now! This series is a collaborative effort between world renowned author Geoffrey Cann and RP host Tavis Killian that will expand on topics covered in the book “Bits, Bytes, and Barrels”. This new segment is aimed at energy professionals at any level who are looking to better understand the future of a digital oilfield, and potentially implement these technologies into their company’s workflow. Be sure to watch or listen on all available platforms!


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