EIA’s June 2022 Oil Production Outlooks
A guest post by Ovi Each month the EIA produces four reports which project oil output for the US and the World. The Short Term Energy Outlook (STEO) forecasts oil Continue Reading
National Average Decreases as Crude Prices Decline
Since Monday, the national average for a gallon of regular gasoline has decreased by four cents to $4.94. The Energy Information Administration will not release gasoline demand/supply and domestic oil Continue Reading
Texas repeatedly raises pollution limits for Cheniere LNG plant
Cheniere, the largest U.S. exporter of liquefied natural gas, boasts that it’s helping to “improve local air quality in communities globally” because the cleaner burning fuel it ships displaces coal Continue Reading
US Economy Will ‘Narrowly Avoid’ Recession in 2022 and 2023, IMF Says
IMF Managing Director Kristalina Georgieva Photographer: Andrew Harrer/Bloomberg The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements Continue Reading
USA Energy Sec Leads Meeting with 7 Major Oil Companies
Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies. The U.S. Department of Energy (DOE) confirmed Thursday that Secretary of Energy Jennifer M. Granholm Continue Reading
U.S., European Economies Slow Sharply as Recession Risks Grow
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk of Continue Reading
U.S. to send $450 million in security aid to Ukraine in latest package
The United States will provide an additional $450 million in security assistance to Ukraine, including more long-range rocket systems, U.S. officials said on Thursday. Moscow’s forces are advancing in Ukraine’s Continue Reading
U.S. Senate’s no. 2 Republican says gas tax holiday ‘dead on arrival’
President Joe Biden’s request that Congress pass a three-month suspension of the federal gasoline tax “is dead on arrival,” U.S. Senator John Thune, the second-ranking Republican in the Senate, said Continue Reading
Fed Paper Finds Elevated Probability of Recession
The U.S. economy faces elevated risks of a recession over the next one to two years due to rising imbalances in markets for goods and services, including labor, according to Continue Reading
Jay Powell warns US recession is ‘certainly a possibility’
Jay Powell said a US recession is “certainly a possibility” and warned that avoiding a downturn now largely depends on factors outside the Federal Reserve’s control. In testimony to the Continue Reading