Inflation expectations are also diminishing. On Thursday, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under $4 for the first time…
Read MoreEnergy
Senate Passes “Inflation Reduction Act”
$740 billion bill addresses social spending and taxes. In a session that convened on Saturday, the U.S. Senate spent the night and part of Sunday working its way…
Read More
Inflation Hits 40-Year High
Fuel costs have contributed to the newest numbers. The economic report for June shows that prices were up broadly. Core prices, a measure that does not include food…
Read MoreEnergy Secretary Supports Use of Defense Production Act on Gas
She also urges states to implement gas tax holidays. Secretary of Energy Jennifer Granholm said the Defense Production Act is a “tool” the president’s administration can use to…
Read More
White House Releases Steps to Speed Climate Transition
President outlines plan during energy and climate forum. The White House has announced a series of actions intended to help hasten the global transition from fossil fuels to…
Read More
President Calls on Oil Companies to Increase Gas Output
Sent a letter to CEOs with expectations. President Biden told the CEOs of the nation’s major oil companies in a letter that he is considering invoking emergency powers…
Read More
President Declares Two Year Solar Tariff Exemption
Unfreezes imports after federal investigation. President Joe Biden issued an executive order on Monday, declaring a 24-month tariff exemption for solar panels from Cambodia, Malaysia, Thailand, and Vietnam.…
Read More
President May Tap Strategic Diesel Reserve
Decline in diesel inventories causes concern. The next step for President Joe Biden in mitigating the damage of supply shortages and rampant inflation could be tapping into the…
Read More
DOE Requests Public Input on Transmission Program Budget
Allocation of $2.5 billion to invest in U.S. power grid. The Department of Energy issued a Request for Information (RFI) last week, asking for public feedback on how…
Read More
Administration Cancels Oil and Gas Drilling Leases
Gulf of Mexico and Alaska Coast are affected. President Biden’s administration canceled plans to auction drilling rights in three regions off the U.S. coastline later this year, adding…
Read More