Seeking executive input for oil price solutions. In the letter President Biden wrote to oil executives on Wednesday, he stated that they should begin working with Energy Secretary…
Read MoreOil and gas production
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…
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President Slated for Middle East Trip in July
Israel, West Bank, and Saudi Arabia are on the itinerary. President Joe Biden plans to travel to the Middle East next month, making stops in Israel, the West…
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Interior Department Investing in Orphaned Wells
Hundreds of wells to be addressed in parks, forests, and wildlife refuges. Department of the Interior’s Bureau of Land Management has announced that the agency will invest in…
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Oil Smuggling Network Designated by U.S. Treasury
Estimated to be funneling hundreds of millions to militant Islamic terrorists. Last month, the Office of Foreign Assets Control (OFAC) within the U.S. Treasury Department designated an international…
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White House Considers Waiving Smog Rules for Cheaper Gas
Governors urging smog waiver. The White House is considering combating rising gas prices by waiving summertime environmental gasoline regulations. Oil refiners and blenders sometimes mix low-cost, high carbon…
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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…
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National Average Gas Price Continues to Climb
Experts anticipate the cost to reach $6 per gallon by August. Analysts at JPMorgan-Chase predict another surge in gasoline prices this summer, saying drivers across the nation could…
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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 MoreInterior Distributes $252 Million to Oil State Coastal Restorations
Annual funding distributed through oil revenue-sharing model. The Department of the Interior recently distributed $252 million to Alabama, Louisiana, Mississippi, and Texas for coastal conservation projects. These four…
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