A recent report from the U.S. Energy Information Administration revealed that Iran made $144 billion in illegal oil sales in the first three years of the Biden administration.
The Biden administration is reportedly planning to purchase up to 6 million barrels of oil for the Strategic Petroleum Reserve (SPR) to replenish supplies after a historic sale in 2022.
U.S. District Judge James Cain of the Western District of Louisiana issued an injunction against the Department of the Interior’s (DOI) efforts to reduce offshore oil drilling by an estimated 6 million acres.
“The Biden administration has repeatedly governed by executive overreach when it comes to energy and environmental regulations, ignoring the law and doing so without congressional approval."
Climate activists reacted with equal measures of anger and despair Sunday at the news oil giant Saudi Aramco achieved record profits totalling $161.1 billion last year.
When the Democrats finally passed the "Inflation Reduction Act" in 2022 (how's that going?), they included several tax hikes set to take effect on Jan. 1, 2023.
On Friday, Chinese leader Xi Jinping met Saudi Arabian leaders in that country, expressing his interest in using yuan to buy Persian Gulf generated gas and oil.
