Energy Department says unrestricted natural gas exports would spike prices
If the United States implements unlimited exports of liquefied natural gas (LNG), domestic energy prices will rise sharply, the Department of Energy has announced. The long-awaited report It was released on Tuesday. The report comes nearly a year after the Biden administration announced a moratorium on new LNG exports, which had soared after Russia invaded […]
Trump tariff plan threatens to drive up gas prices
President-elect Trump's proposed additional tariffs on Mexico and Canada are expected to drive up prices. Late last month, President Trump announced on his first day in office that he would impose 25% tariffs on all products from Canada and Mexico. Analysts say the two countries are major sources of oil imports for the United States, […]
US oil and gas producers pressure House to pass pivotal permitting bill and get America ‘back on track’
U.S. oil and gas producer groups are ramping up pressure on House Speaker Mike Johnson to pass a major permitting reform bill, urging Congress to move quickly to approve the bill in a letter Wednesday. emphasizes that this is an urgent need. Attract new investment in domestic oil and gas projects, strengthen the nation's energy […]
Biden admin report could slow Trump efforts to unleash US natural gas production
A Biden administration report on the environmental impact of increased liquefied natural gas (LNG) exports could further delay President-elect Trump's efforts to immediately approve new licenses for the fuel, experts say. Pointed out. Brad Crabtree, assistant secretary for the Office of Fossil Energy and Carbon Management at the Department of Energy (DOE), told lawmakers last […]
Gas prices hit 3-year low, AAA says
Patrick de Haan, GasBuddy's head of petroleum analysis, discusses whether average gasoline prices will fall below $2 a gallon under the Trump administration on “Berney & Company.” Drivers are filling up with confidence this week as the average price of a gallon of regular gasoline in the U.S. hit a three-year low. aaa tracker National […]
Gas prices fall below $3 a gallon for first time since 2021
On Monday, average U.S. gasoline prices fell below $3 a gallon for the first time in three years, continuing bargains for consumers facing soaring inflation in recent years. Fuel prices have been falling steadily since the end of the peak summer driving season, and prices of other goods and services rose in October, even as […]
Shell and Equinor to merge UK North Sea oil and gas assets | Shell
Shell and Equinor will combine their offshore oil and gas assets in the UK North Sea to form a new company with 1,300 employees. The Aberdeen-based company will become the North Sea's largest independent producer and is expected to produce more than 140,000 barrels of oil equivalent (BOE) per day next year. Shell said there […]
‘Climate bomb’ warning over $200bn wave of new gas projects | Gas
A $200 billion wave of new gas projects could lead to a “climate bomb” equivalent to emitting the annual emissions of all operating coal-fired power plants worldwide, according to a report. be. Big banks are investing $213 billion in plans to build terminals to import and export gas, which will be transported in refrigerated ocean […]
Russian Gas Deals a Necessity for German Industry that Helped Placate Moscow
Former German Chancellor Angela Merkel has defended her gas deal with Russia, supported German companies and maintained peace with Moscow, laying out her strategy in her memoir. freedomreleased in 30 languages on Tuesday. Chancellor Merkel has vigorously defended her actions and her central role in European geopolitics because she is clearly too soft on Russia […]
Alabama carries out nitrogen gas execution on inmate convicted in female hitchhiker’s 1994 killing
An Alabama inmate convicted of killing a female hitchhiker in 1994 taunted prison wardens and made obscene gestures with his hands Thursday evening, moments before his execution using nitrogen gas, the third such death in the nation. did. Carrie Dale Grayson, 50, was executed at the William C. Holman Correctional Facility in southern Alabama. He […]