White House press secretary Jen Psaki on Tuesday outlined three steps that President Joe Biden is taking to address rising gas prices. This comes as consumers deal with increased costs at the pump. A year ago regular gas prices averaged $2.469 per gallon, while Americans were shelling out $3.469 as of Wednesday. Psaki said at…
Energy Department Approves Release of 2 Million Barrels of Crude to Exxon
January 2, 2022
admin
Business & EconomycommoditiesCompanieseconomyExecutive BranchExxon Mobil Corp.MarketsOil priceOPEC oilPoliticsStrategic Petroleum ReserveUSUS News
0 Comment
The U.S. Department of Energy has approved the release of two million barrels of crude oil to ExxonMobil from the Strategic Petroleum Reserve (SPR) on Dec. 30, as part of the initiative undertaken in November by the federal government to lower gasoline prices in the country. This is the third exchange of crude oil with…
GOP Demands More Domestic Energy Production to Refill Strategic Reserve
The GOP has put forward legislation to increase domestic oil and natural gas production in response to President Joe Biden’s decisions to pull from the Strategic Petroleum Reserve (SPR) to stabilize skyrocketing gas prices. After several prominent Democrats submitted a request that Biden pull from the SPR, the president obliged and announced his intention to…
Biden’s Crude Mistake
Commentary Recently, President Joe Biden and Chinese leader Xi Jinping held a virtual summit where they discussed the possibility of a joint release of crude oil from their respective country’s Strategic Petroleum Reserves in hopes of easing inflation. With inflationary effects already likely to ease, the simultaneous tapping of reserves could cause financial conditions to…
Biden Tapping Oil Reserves May Trigger OPEC War, Fail to Help Consumers: Strategists
President Joe Biden announced on Tuesday that he will be releasing 50 million barrels from the nation’s Strategic Petroleum Reserves (SPR) as part of coordination with several other advanced economies, including China, the United Kingdom, and India. The objective is to ease soaring energy prices by injecting more supply into global oil and gas markets….
Energy Boss Granholm Calls on Oil Companies to Increase Supply
November 24, 2021
admin
COVID-19Executive Branchoil pricesPoliticspresident joe bidenStrategic Petroleum ReserveThanksgivingUSUS News
0 Comment
Energy Secretary Jennifer Granholm called on United States’ oil companies to increase production to try to help bring down the elevated prices Americans are paying at the pump. Granholm’s comments came during a Nov. 23 White House press briefing, hours after President Joe Biden ordered 50 million barrels of oil released from the nation’s Strategic…
Biden Orders 50 Million Barrels of Oil Released from Strategic Reserve to Cool Surging Prices
November 23, 2021
admin
Business & Economyeconomic policieseconomyExecutive BranchinflationOilPoliticsStrategic Petroleum ReserveUSUS News
0 Comment
President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic petroleum reserve (SPR) to help cool surging energy costs and ease pain at the pump. “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are,…
Biden Orders 50 Million Barrels of Oil Released From Strategic Reserve In Bid to Cool Surging Prices
November 23, 2021
admin
Business & Economyeconomic policieseconomyExecutive BranchinflationOilPoliticsStrategic Petroleum ReserveUSUS News
0 Comment
President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic petroleum reserve (SPR) to help cool surging energy costs and ease pain at the pump. “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are,…
Schumer Encourages Biden to Tap Petroleum Reserves to Control Surging Fuel Prices
November 15, 2021
admin
Brent crude oilBusiness & EconomyChuck Schumer (D-NY)EconomieseconomyOPEC oilStrategic Petroleum ReserveUS
0 Comment
Senate Majority Leader Chuck Schumer (D-N.Y.) urged the Biden administration on Sunday to make use of the Strategic Petroleum Reserve in order to curb increasing gasoline prices as Americans enter the holiday season. “COVID’s wreaked havoc on our supply chains. No industry is spared but fuel, gasoline is the worst of all. When fuel is…
US Energy Secretary Says Tapping Emergency Oil Reserves a Possible ‘Tool’ to Tame Fuel Prices
October 6, 2021
admin
Biden adminEnergy SecretaryExecutive BranchgasolineJennifer Granholmoil pricesOPECPoliticsStrategic Petroleum ReserveUSUS News
0 Comment
Energy Secretary Jennifer Granholm on Wednesday said that the Biden administration is considering tapping the country’s emergency oil reserves to tame soaring gasoline prices, according to a Financial Times (FT) report. “It’s a tool that’s under consideration,” Granholm said at an FT energy transition summit when asked the possibility of the United States tapping into…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta