Who Should Pay To Plug Abandoned Oil Wells?
The U.S. has battled with its abandoned oil well problem for years, with experts suggesting there are anywhere between 2 and 3.2 million abandoned wells across the country. Unplugged wells Continue Reading
Auto Sales Are Drying Up As Semiconductor Shortage Worsens
The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3. US auto sales slip in Q3 General Motors reported its third-quarter Continue Reading
Tesla to Move Headquarters From California to Texas, Elon Musk Says
Tesla Inc. TSLA 1.39% is moving its headquarters to Austin, Texas, cementing Chief Executive Elon Musk’s commitment to the Lone Star State and adding to a handful of Silicon Valley companies that have relocated there. Continue Reading
U.S. natgas volatility jumps to a record as prices soar worldwide
Volatility in U.S. natural gas futures jumped to a record on Tuesday on the back of an energy crunch in major world markets that has sent prices soaring globally. Natural Continue Reading
U.S. energy secretary: Tapping oil reserve a possible tool to calm prices-FT
U.S. Energy Secretary Jennifer Granholm said on Wednesday that tapping the country’s emergency oil stash is being mulled by the administration to cool gasoline prices that have hit seven-year highs Continue Reading
Source of California Oil Leak Confirmed
A Unified Command team has identified the source of the oil leak offshore California. A Unified Command team that includes the U.S. Coast Guard, the California Department of Fish and Continue Reading
Ship anchored near oil pipeline made unusual movements
A massive cargo ship made a series of unusual movements while anchored in the closest spot to a Southern California oil pipeline that ruptured and sent crude washing up on Continue Reading
California lawmakers aim to ban offshore drilling after spill
Democratic members of Congress from California seized on the oil spill off the state’s coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what Continue Reading
California Oil Spill Came From Pipeline Dragged More Than 100 Feet
State and federal officials will deploy hundreds of more people to help respond to the oil spill off the coast of Orange County, Calif., Gov. Gavin Newsom said Tuesday. Mr. Newsom, who Continue Reading
U.S. Wants New Trade Talks With China, but Will Keep Tariffs
The Biden administration began defining its China trade policy Monday, saying it aims to launch new talks with Beijing but will keep existing tariffs in place, while also restoring the Continue Reading