Oil

Biden backtracks on oil drilling ban

US President Joe Biden will apparently allow new leasing of federal lands for oil and natural-gas exploration, though with new restrictions and higher fees on producers, rather than fulfill a campaign promise to halt drilling.

Biden Says Not Concerned About US Stock Market Plunge as He ‘Expected It’

US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant."I expected it," Biden told reporters when asked if he is worried about the stock market plunge.

Stocks, Oil Drop on Concerns Over New Covid-19 Variant

Treasury yields slide as investors shed riskier assets and pile into havens.

Comrade Down: Senate Forces Biden to Dump OCC Nominee, Lenin Scholar

Five Senate Democrats tell Biden they won't back Lenin scholarship winner Saule Omarova

Dow Jones Drops 900 Points on Opening Bell as New COVID-19 Variant Roils Markets

The Dow Jones fell over 900 points just after opening bell on Nov. 26, with other major Wall Street stock indexes—and risk assets more generally—also seeing sell-offs as news of a new COVID-19 variant spreading in South Africa seems to have sparked a broader risk-off sentiment among investors.

Bidenflation Blues: Rising Prices Plunge Consumer Sentiment to Decade Low

The Biden administration’s failure to tackle high and rising inflation pushed consumer sentiment this month to its lowest level in a decade.

Gas Prices Are Rising. Who Did That?

Slapped on a gas pump next to the digital meter display, the stickers tell a simple, powerful story: Today’s gasoline prices, the highest in years, are courtesy of the commander in chief.

Beto O’Rourke told to ‘get the hell out’ during Texas campaign stop as he doubles down on gun-grabbing promise

Failed Democratic presidential candidate Beto O'Rourke was met with jeers and demands that he "get the hell out" during a recent campaign stop in Houston, Texas.

Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising

The White House announced Tuesday that President Joe Biden would release 50 million barrels of oil from the Strategic Petroleum Reserve.

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