Democrat probes 18 oil companies after FTC collusion accusations
Sen. Sheldon Whitehouse of Iowa is investigating 18 oil and gas companies after the Federal Trade Commission accused the former CEO of Pioneer Natural Resources last month of conspiring with foreign oil producers. Whitehouse, who chairs the Senate Budget Committee, asked the companies to turn over copies of any communications they had with foreign oil […]
Biden Admin Slow Rolls Oil Sanctions Against Russia, Iran In Bid To Keep Gas Prices Down Ahead Of Election
The Wall Street Journal reported that the Biden administration is hesitant to fully implement oil sanctions against Iran and Russia as it seeks to stabilize gasoline prices ahead of the U.S. presidential election in November. The administration regularly denounces Russian and Iranian malign actions against U.S. allies and has imposed several rounds of sanctions on […]
Barclays: It's Unrealistic for Banks to Ditch Oil and Gas Clients | OilPrice.com – OilPrice.com
The chief executive of banking giant Barclays says it is unrealistic for activists and investors to call for banks to stop lending to the oil and gas industry. Barclays Chief Executive CS Venkatakrishnan said banks “cannot completely stop” lending to the oil and gas sector. Bloomberg At the Bloomberg Sustainable Finance Forum in London on […]
CREW files bribery complaint against Trump over oil industry donations
The watchdog group Citizens for Responsibility and Ethics in Washington (CREW) has filed a bribery lawsuit calling on the Department of Justice to investigate former President Trump’s solicitation of campaign contributions from fossil fuel executives. The former president met with oil industry executives in April and asked for $1 billion in campaign contributions, The Hill […]
Is drinking castor oil for weight loss dangerous? Experts weigh in on risks
Castor oil has become popular on social media for a variety of uses, from hair growth to weight loss. There are millions of posts about the oil on TikTok, with many creators sharing how they use it to improve their health. More controversially, some creators apply castor oil directly to their belly buttons, and now […]
As GOP calls Biden’s oil reserve depletions election-year politics, figures show he’s sold off the most
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Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
Oil and Gas Brownstein Hyatt Farber Schreck Registered Lobby on the issue Related to the Federal Trade Commission Scott SheffieldFormer CEO of Pioneer Natural Resources. Regulators last month accused Sheffield of conspiring with the Organization of the Petroleum Exporting Countries (OPEC) to jack up prices, but the company said its actions “reflect a fundamental misunderstanding […]
Oceans group takes UK government to court over oil and gas licences | Oil and gas companies
Marine conservation groups have filed a lawsuit against the UK government, claiming that the Conservative government’s decision to issue North Sea oil and gas licenses without considering the environmental impact was unlawful. Oceana UKThe Arctic Oceans and Marine Authority, part of the International Nature Conservancy, said that in issuing the 82 licences, Energy and Security […]
President Joe Biden prepared to use oil reserves again to lower gas prices
President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during summer. This is the latest plan by the Biden administration to counter higher prices at the pumps and the more expensive prices on various goods due to inflation. A Biden administration energy advisor suggested that gas […]
DAVID BLACKMON: Why Policymakers Should Reject The IEA’s Silly Peak Oil Notions
OPEC Secretary-General Haitham Al-Ghaith said in a statement posted on the organization’s website on Thursday that the concept of “peak oil demand” is nowhere to be found in the organization’s forecasts of future global crude demand. “[A]Looking to the future, the versatility of oil is what ensures that peak oil demand is not likely to […]