Petroleum

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.

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

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

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.

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.

DeSantis Pushes $1 Billion Cut in Gas, Fuel Taxes

Florida Gov. Ron DeSantis stated Nov. 22 that he would seek a $1 billion reduction in gas and fuel taxes during the next January...

Biden claims Americans aren’t clever enough to understand the supply chain crisis and concedes that his stimulus checks fueled spike in inflation

President Joe Biden said on Wednesday that most Americans cannot understand the problems faced by the United States' supply chains, adding that 'not a lot of people' have a clear grasp of the networks and their implications.

This city just recorded the U.S.’s highest-ever average gasoline price

Average gasoline prices in San Francisco rise to $4.75 a gallon: GasBuddy

Soaring fuel costs: United CEO warns prices for holiday flights will spike; gas prices hit 7-year high — soar to nearly $8 in California...

The CEO of United Airlines has warned that prices for flights during the busy holiday season will spike. United Airlines CEO Scott Kirby said surging fuel prices are to blame for the upcoming travel prices that are expected to balloon.

Insanity Wrap: The Biden-China-Oil Connection

Welcome to Insanity Wrap, your daily dose of the best of the worst. The Biden-China-Oil Connection is today’s big crazy.

Gas Prices Now Highest Since 2014 Amid Supply Concerns

Gas prices rose to the highest levels since 2014, amid increased demand and concerns about supply.

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