The Supreme Court vs The EPA

Posted: July 1, 2022
Category: News Pulse

RP Weekly Recap | June 27 – July 1


In a blockbuster 6-3 decision penned by Chief Justice John Roberts, the Supreme Court ruled this week that federal regulators exceeded their authority in seeking to limit emissions from coal plants in a move that sharply curtails the executive branch’s authority to make policy actions on a range of issues without congressional direction. The court said the Environmental Protection Agency had overstepped when it devised the Obama-era regulatory scheme, known as the Clean Power Plan, a plan that had been challenged by West Virginia and others. In the meantime, President Joe Biden called the decision “devastating” and said it “sides with special interests that have waged a long-term campaign to strip away our right to breathe clean air.” Check out this story and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 548,197,791 (up from 534,528,610 last week)
  • Number of Cases (USA): 87,756,244 (up from 85,407,783 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Hiring Slows as Employers Add 128,000 Workers in May – the labor market remains strong as it downshifts to a slower growth pattern

United States Rig Count

  • Down 3 from last week for a total of 750
  • Up 57.9% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • A new segment has arrived! Join RARE PETRO’s Anthony McDaniels and Tavis Kilian for a quick analysis of what may be hiding in the headlines in our newest series, The Wacky World of Energy! 

  • Ever since the oil price crash of 2020, OPEC has been coordinating to adjust how much oil they produce in order to balance out supply with changes in demand. Most recently OPEC decided to increase production by 648,000  barrels per day in August and another 400,000 barrels per day in March. Will this actually have a positive effect on global markets? To find out, check out our latest Periodical!

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

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