U.S. Ready To Release Even More Crude From SPR
The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration Continue Reading
Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts Continue Reading
Canada’s Ambitious New Plan To Save Its Oil Sands
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands. The project was established to curb greenhouse gas emissions in oil production while demand for the Continue Reading
Biden administration oil drilling review proposes higher fees, development
The Biden administration proposed a slew of changes on Friday to the nation’s federal oil and gas leasing program, including hiking fees on drilling companies to keep them out of Continue Reading
Biden administration releases report saying oil and gas companies should pay more to drill on public lands
In an effort to boost revenue and protect the environment, the Biden administration on Friday laid out plans to make fossil fuel companies pay more to drill on federal lands Continue Reading
California Power Outages Rise as High Winds Raise Fire Risk
The largest utility in Southern California cut power for more customers in the mountains near Los Angeles as strong winds raised the risk of wildfire, marking the second year in Continue Reading
Covid cases rise nationwide, causing ‘almost unmanageable strain’ in Michigan – The Washington Post
tSpectrum Health, a major health-care system here, officials spent part of last week debating whether to move to “red status” in a show of how strained hospitals had become. A Continue Reading
California Gasoline Price Hits Record on Thanksgiving
The average price for regular unleaded gasoline in California hit a new record. The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.709, Continue Reading
U.S. consumer spending surges in October; inflation heats up again
U.S. consumer spending increased more than expected in October as households bought motor vehicles and a range of other goods, showing no signs yet of holding back because of high Continue Reading
U.S. natgas rises to one-week high on cooler forecast
U.S. natural gas futures rose 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected. Continue Reading