Gov. Gavin Newsom unveiled his plan Dec. 5 to consider placing mandatory limits on oil refinery profits in California and add industry regulations and oversight as a way to clamp down on high gas prices. Oil industry experts say the regulations would result in higher gas prices for consumers and could push more refineries to…

The industry group representing America’s oil industry slammed President Joe Biden’s recent statements threatening windfall taxes and restrictions on oil companies. Biden attacked major U.S. oil companies at a White House press conference on Oct. 31, instructing them to invest more into boosting domestic oil production and to lower consumer prices—or else face possible restrictions….

Former Sen. Judd Gregg (R-N.H.) has called President Joe Biden’s upcoming visit to Saudi Arabia “ironic” in light of the president’s sharp criticism of America’s oil industry and what Gregg blasted as the Biden administration’s “green think” undermining U.S. investment in crude production. Gregg, who also served as governor of New Hampshire, made the remarks…

Jobs in the U.S. oil and coal industry fell in 2021 while employment expanded in the green energy sector, according to the latest data from the U.S. Department of Energy. The energy sector employed over 7.8 million Americans in 2021, a 4 percent increase from 2020, the Energy Department said in a report (pdf) released on June…

Commentary There’s an old proverb that says you should never bite the hand that feeds you. It’s a pithy way of saying that it’s never wise to attack your benefactors. This proverb originates with 18th-century political thinker Edmund Burke. Burke was cautious about change, and he often warned his readers about the dangers of unintended…

CARACAS—A tract of a gas pipeline in eastern Venezuela suffered an explosion on Saturday afternoon, according to a report from state oil company PDVSA seen by Reuters, an incident the country’s oil minister blamed on an attack. The explosion at the 36-inch pipeline providing natural gas to the Pigap II gas re-injection plant in northern…

Small investors are not happy after Robinhood halted trading of GameStop and some other stocks. NTD asks Lance Roberts why they are pushing back so hard. The SEC says it will look into the trading saga. Is there some kind of flaw in the market? NTD talks to an experienced trader to figure it out. Texas…