Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise.
Detroit's Big Three automakers plan to announce on Thursday that they aspire to have 40% to 50% of new vehicle sales by 2030 be electric models as they call for billions in U.S. government assistance to meet aggressive targets, sources briefed on the matter said.
America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.
A federal judge in Louisiana has blocked President Joe Biden’s suspension of new oil and gas leases on federal land and water, delivering a setback to the administration’s efforts to clamp down on fossil fuels.
The US oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems.
Special Presidential Envoy for Climate John Kerry owned shares of multiple oil and gas corporations prior to joining the White House, ethics filings show.
