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"If they don't, they're going to pay a higher tax on their excess profits and face other restrictions," he said in remarks from the Roosevelt Room at the White House, flanked by Treasury Secretary Janet L. Yellen and Energy Secretary Jennifer M. Gran
US gasoline prices rose for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil's massive profits.
In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now.
The decision seemed natural at the time. An economic storm was looming once again. This one looked really bad.
HOW THE DIESEL CRISIS WILL IMPACT YOUR LIFE- 24 DAYS TO GO!
Extremely tight inventories are seen as the driving factor blowing out spreads with benchmark Gulf Coast market
U.S. diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow.
Fletcher Prouty Explains Invention and Use of Term "Fossil Fuels"
Calls for Biden to socialize industry have moved quickly from fringe to mainstream
The oil war between the United States and OPEC has begun. And unfortunately, there will likely be casualties in the form of our wallets being pinched again.
The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be "unacceptably low."
America's diesel inventory now stands at LESS THAN ONE MONTH thanks to Biden's disastrous policies
Both Northstream pipelines were just blown up, and they're not even hiding it.
"To hold foreign oil producers accountable for colluding to fix global oil prices..."
For all the drama surrounding Biden's latest Strategic Petroleum Reserve fiasco and his admin's ridiculous idea to "stimulate" US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he ma
Drain Even More From The SPR
Oil markets are drifting sideways this morning after the Biden administration plans to release 10-15 million barrels of crude...
Two subsea pipelines connecting Russia and Germany were blown up last month.
UNSW researchers have prototyped and tested a retrofit system that converts diesel engines to run on 90% hydrogen, radically reducing both carbon dioxide and nitrous oxide emissions while boosting efficiency by an impressive 26% in the process.
Intent, motive, and means: People serving life sentences in U.S. prisons have been convicted on weaker grounds than the circumstantial evidence against Washington for the attack on the Nord Stream pipelines...
As expected, OPEC aggressively slashed projections for both global demand and the amount of crude it will need to pump this quarter, making the case for the output cut announced last week which sent shockwaves across the Biden administration.
Russia expects to keep its production at 9.9 million barrels per day (bpd) in October, Russian Deputy Prime Minister Alexander Novak said on Wednesday, citing production volumes that are more than 1 million bpd below Russia's current target under t
Americans can expect a "return of some ugly inflation to freight, home comfort, and airfares"...
Angry Biden set to tank domestic energy production after OPEC+ tells him to take a hike over request to boost production
The world desperately needs energy and yet President Joe Biden is preventing sufficient quantities of oil and gas from being produced...
Boots on the Ground...Oct. 9th...Gas prices are rising again
Boots on the Ground...Oct. 9th...Gas prices are rising again
Shortages in France are forcing people to wait in lines for hours to get only a partial refill of fuel.
It looks like consumers are going to have to pay more at the pump after Saudi Arabia announced a 2-million barrel per day cut in oil production.
Germany's energy situation is dire, and the Nord Stream pipeline explosions have only worsened its geopolitical and economic outlook...
