The shortage could disrupt supply chains National Economic Council Director Brian Deese described the 25 days of diesel supply as “unacceptably low.“ The advisor to President Biden stated that…
Read MoreOil and gas production
President Calls for Increased U.S. Oil Production
White House plans to restock emergency reserves. On Wednesday, President Biden announced a plan he claims will produce a “profit for taxpayers” and it includes increased production from…
Read More
President Plans More Strategic Oil Reserve Releases
Will give out 10 to 15 million barrels between now and midterms. Earlier this week, President Biden suggested he would announce new actions to address rising gas prices,…
Read More
Administration Reassessing Relationship with Saudi Arabia
OPEC’s oil supply reduction plays heavily in discussions. Last week, the Organisation of the Petroleum Exporting Countries (OPEC+) announced that they will be reducing their petroleum output by…
Read More
President Creates New National Monument in Colorado
Will honor veterans and indigenous people. President Joe Biden signed a proclamation Wednesday establishing a new national monument in North Central Colorado. The Camp-Hale-Continental Divide National Monument, his first…
Read More
OPEC+ is Reducing Oil Production
U.S. gas prices are expected to go up. OPEC+ announced plans to cut output of 2 million barrels per day beginning in November. The coalition, which includes OPEC,…
Read More
Treasury Department Sanctions Ties to Iranian Suppliers
International company network concealing origins of petroleum shipments. The Office of Foreign Assets Control (OFAC) at the Department of the Treasury has sanctioned an international group of countries…
Read More
Forest Service Opens Criminal Investigation into Mosquito Fire
Utility company’s equipment being analyzed in the probe. The U.S. Forest Service has opened a criminal investigation into the Mosquito Fire, California’s largest wildfire of 2022. The fire…
Read More
NATO Says Nord Stream Leak due to Sabotage
Various accusations are being made as to whom is responsible. NATO said that the leaks occurring on the Nord Stream pipelines between Russia and Europe were the result…
Read More
President Urges Gas Stations to Lower Prices
He asks the same of cell phone services and banks. On Monday, President Joe Biden urged companies running gas stations, banks, and cell phone services to lower costs…
Read More