The United States announced that it will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated prices.
The Iran-backed Houthi insurgents in Yemen have announced so-called “sanctions” against 13 major American oil companies, including ExxonMobil, Chevron, ConocoPhillips, and Marathon Petroleum. The announcement was made Tuesday through the group’s “Humanitarian Operations Coordination Center,” a front used by the militants to issue threats under the guise of diplomatic language.
A New York Supreme Court judge dismissed New York City’s lawsuit against major energy companies on Tuesday, ruling that the city’s arguments were contradictory.
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.
USA Today ran the headlines, April 11, 2024: "Voters, fearful of World War III as Iran strikes Israel."
President Nixon, in his last official address, August 8,...
