Crude Oil

House Dems, GOP Unify to Block Biden from Selling U.S. Oil Reserves to China

House of Representatives passes legislation banning sale of oil from Strategic Petroleum Reserve to China with bipartisan support.

Here’s a List of Biden Tax Hikes Which Take Effect Jan. 1

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.

China Aims to Break US Petro-Dollar by Buying Oil in Yuan Currency

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.

Biden Admin Quietly Greenlights Plan to Build Huge Gulf Oil Terminal

The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to the president’s past comments on the consumption of fossil fuels and carbon emissions.

U.S. to Auction Almost 1 Million Acres off Alaskan Coast for Oil Drilling

Almost one million acres off the coast of Alaska will be auctioned off by the Biden administration next month for oil and gas drilling.

Saudi Arabia Strengthens Ties With China After Snubs, Begging From Biden

Leaders from Saudi Arabia and China said on Friday that the two nations will strengthen cooperation on energy after the Islamic kingdom’s falling out with the United States.

Biden Announces Release of More Oil From Strategic Reserve Ahead of Midterms

The White House announced on Tuesday that President Joe Biden would release 15 million barrels of oil from the Strategic Petroleum Reserve.

Hungary, Serbia Announce Plan to Build Russian Oil Pipeline to Belgrade

The governments of Hungary and Serbia have agreed to construct a pipeline that will carry oil from the Russian Urals to Belgrade.

Elon Musk: World Needs Oil, Gas or ‘Civilization Will Crumble’

Tech entrepreneur Elon Musk told reporters in Norway on Aug. 29 that, while sustainable energy sources should be developed, the world must continue to...

The ‘Inflation Reduction Act’: The Green New Deal’s New Look?

Although our legacy media have dutifully described the Chuck Schumer (D-N.Y.)/Joe Manchin (D-W.Va.) climate bill as the “Inflation Reduction Act,” it’s no stretch to call that a misnomer.

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