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…
Read MoreOil and gas production
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…
Read More
Administration Restores Environmental Policies
The measure could stall needed infrastructure projects. President Biden’s administration is reinstating stricter environmental standards for approving new pipelines, highways, power plants, and other construction projects, including requiring…
Read More
President to Reinstate Ethanol for Summer
Measure intended to lower gasoline prices. President Joe Biden has announced that the Environmental Protection Agency will reinstate the use of 15 percent ethanol blends in gasoline for…
Read More
Administration Sets Higher Level Vehicle Fuel Standards
Passenger cars and light trucks must get 49 mpg by 2026. The U.S. Transportation Department is heightening fuel standards for new vehicles in line with EPA guidance. The department…
Read More
Three Oil Companies Refuse to Testify Before House Committee
Upcoming hearing canceled due to deliberate absence. The House Natural Resources Committee requested that the CEOs of EOG Resources, Devon Energy Corporation, and Occidental Petroleum testify about the…
Read MorePresident Orders Strategic Petroleum Reserve Release
Size of release intended to lower gas prices and stem inflation. President Biden is ordering the release from the Strategic Petroleum Reserve of one million barrels per day…
Read More
President Biden Bans Russian Energy
Says the U.S. will not subsidize “Putin’s war.” From the White House on Tuesday, President Joe Biden announced that the U.S. is banning all oil, gas, and energy…
Read More
Congress Considering Russian Oil Import Ban
Speaker Pelosi said the move would isolate Russia from global economy. Speaker of the House of Representatives Nancy Pelosi said that the chamber is “exploring” legislation that would…
Read More