The conflict in Ukraine has created hurdles regarding energy. Representatives from around the world are meeting for the United Nations climate summit, called COP27, which convened on Sunday…
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Vice President Announces Heating Bill Assistance
Low Income Home Energy Assistance Program to help with costs this winter. On Wednesday while in Boston, Vice President Kamala Harris introduced an initiative by President Biden’s administration…
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President Calls for Oil Companies to Reinvest Profits
He urged Congress to raise their taxes if production is not increased. President Joe Biden has urged Congress to increase taxes on oil and gas companies’ profits if…
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The U.S. Has 25 Days of Diesel Supply
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…
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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…
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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,…
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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…
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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…
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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,…
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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…
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