By Charles Kennedy – Jun 24, 2022, 11:00 AM CDT Biden puts on Thursday with industry leaders to boost offshore wind capacity. Oil refiners, in the meantime, were summoned to meet with Secretary Granholm. Granholm’s meeting with US refiners didn’t lead to any commitments from either side. US President Joe Biden met on Thursday with … Read more
An emergency meeting between Energy Secretary Jennifer Granholm and representatives of the oil industry ended with no firm commitments from either side, although the Energy Secretary signaled that the plan to ban fuel exports might be taken off the table. Per a readout released by the Department of Energy, Granholm seems to have reiterated to … Read more
Oil prices dipped by 6 percent early on Wednesday, with Brent slumping below $110 a barrel, as the market fears a looming recession would drive down global oil demand. As of 9:10 am EST on Wednesday, WTI Crude was down below the $105 a barrel mark and traded at $102.77, down by 6.24 percent on … Read more
China stated two weeks before Russia invaded Ukraine that “there is ‘no limit’ to how far Russian and Chinese friendship may go” and signed a swathe of huge oil and gas deals shortly thereafter that provided an additional layer of insulation to both countries from any US sanctions in the future. Only a day after … Read more
US President Joe Biden is helped by US Secret Service agents after he fell trying to get off his bike to greet a crowd on a trail at Gordons Pond in Rehoboth Beach, Del., Saturday, June 18, 2022.SARAH SILBIGER/The New York Times News Service US President Joe Biden fell when he tried to get off … Read more
Last Friday President Biden singled out ExxonMobil for reaping big profits as a result of high oil and gas prices. The President complained “Why don’t you tell them what Exxon’s profits were this year? This quarter? Exxon made more money than God this year. Exxon, start investing. Start paying your taxes.” Other prominent Democrats have … Read more
Former US president Donald Trump speaks during a rally in Delaware, Ohio, on April 23.GAELEN MORSE/Reuters As religious conservatives gathered this week at a sprawling resort near the Grand Ole Opry House, Nikki Haley pressed the Faith and Freedom Coalition’s “Road to Majority” crowd to look to the future. “It’s up to us to deliver … Read more
US President Joe Biden is open to using all reasonable tools the federal government has to boost fuel production and lower gasoline prices for Americans, including emergency Cold-War era acts such as the Defense Production Act, White House Press Secretary Karine Jean-Pierre said during a briefing. President Biden “is open to all reasonable uses of … Read more
Exxon has been investing more than it has been earning in the past five years, with the level of investments in new oil and gas supply double the level of profits, the supermajor said in an official response to accusations made by President Biden earlier this week. “We have been in regular contact with the … Read more
Faced with record-high prices at the pump, US President Joe Biden escalated the rhetoric against oil companies on Wednesday, telling them in a letter to produce more gasoline and lower gasoline bills for American consumers. “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable,” … Read more
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