Petroleum

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

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.

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.

First, you would surrender our prior energy independence.

Russian Deputy Prime Minister Alexander Novak on Tuesday said Russia and China are working to avoid the use of SWIFT.

Biden administration has been withdrawing huge amounts of oil as gas prices have spiked.

Remember the good ole days… way back in 2020… when the United States was an exporter of energy and the price of gas was $2.17 per gallon?

U.S. business activity contracted for the fourth straight month in October, and the economic downturn “gathered significant momentum,” S&P Global said on Monday, while the White House touted low unemployment rates and credited President Joe Biden’s economic agenda for a “historically strong” economic recovery.

An oil CEO said the White House put the United States in a “very precarious position” after another significant release of oil from U.S. reserves.

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.