Oil prices have fallen by more than 20% since March. Gasoline prices, however, have not reflected the drop. The ongoing pain at the pump will likely continue. Recession fears took hold of oil markets this […]
Just a quick recap on the never-changing rules of the world. The three things that any functioning country must have an ample supply of are food, water and energy. Those are the fundamental necessities of life— […]
HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia […]
President Joe Biden is heading to Saudi Arabia to talk about the global energy crisis. Despite saying that his upcoming visit is not about oil, Biden does acknowledge that he would like for the Gulf […]
The United States is calling on Saudi Arabia to increase oil production. Saudi Arabia has maintained its OPEC+ output agreement, refusing to ramp up production. The Kingdom is still maintaining close ties with Russia despite […]
The Biden administration has cast a troubling cloud over the energy outlook for the Gulf of Mexico. New oil and gas lease sales in the Gulf of Mexico have been halted at a time when […]
(Bloomberg) — French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can. The UAE is […]
Source NPR: President Biden and Big Oil are at each other’s throats. At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies […]
ENB Publishers Note: If the government can regulate the refineries out of business, why would they want to give the profits back to everyone and not even have operating capital to upgrade equipment to improve […]
ENB Publishers Note: The result of bad energy policies has come home to roost on the White House doorstep. While this administration is making horrific energy decisions, there have been 20 years of world bad […]
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