New carbon capture technologies could help ‘Big Oil’ scale emissions cuts
Alex Epstein, author of The Moral Case for Fossil Fuels, discusses what’s behind the recent oil price hike in Kabuto: Coast to Coast. The results of four government-funded pilot projects are crucial for Big Oil to develop technology to reduce carbon emissions and support the Biden administration’s goal of achieving a net-zero emissions economy by […]
Gas prices creep up amid rising oil prices due to mounting tensions between Russia and Ukraine
Last week, gas prices rose by just 3 cents. (iStock) According to , the average gas price across the country rose just 3 cents last week and now stands at $3.56 per gallon. AAA Weekly Report. Spring is here and the demand for gas is increasing. Demand rose from 8.72 million barrels per day to […]
Biden Admin Abandons Latest Attempt To Refill Strategic Oil Reserves Due To High Prices
The Biden administration passed on an opportunity to buy oil to replenish the strategic petroleum reserve (SPR) on Tuesday, citing high prices. The Department of Energy (DOE) decided against purchasing up to 3 million barrels to replenish the SPR, which President Joe Biden drained ahead of the 2022 midterm elections as soaring gas prices caused a […]
Biden administration cancels buyback of 3 million barrels to replenish oil stockpile
The Biden administration has canceled two oil purchase plans to replenish the Strategic Petroleum Reserve (SPR), the Department of Energy confirmed Wednesday. The planned purchases were to secure 3 million barrels later this year as part of a broader goal to fully replenish SPR by the end of the year. The Department of Energy previously […]
AI needs a lot of electricity — oil and gas will help
Mark Avallone, president and founder of Potomac Wealth Advisors, elaborates on how investors expect artificial intelligence to boost corporate returns. With the growth of artificial intelligence, which requires large amounts of electricity, global energy demand is predicted to skyrocket in the coming years. The Wall Street Journal reported that big tech companies’ “obsession” with finding […]
Hawaii’s Big Oil suit a ‘stalking horse’ for Green New Deal push nationwide, experts say
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Dark money-fueled law firm joins Massachusetts climate suit against Big Oil
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Suburban Philadelphia county joins climate change suit against oil industry
A large suburban Philadelphia county has joined dozens of other local governments across the country in claiming that big oil producers are systematically deceiving the public about their role in accelerating global warming. He sued the oil industry. Bucks County’s lawsuit against six oil companies alleges more frequent and intense storms (including last summer’s that […]
Gold price up as USDX dips, crude oil gains – KITCO
(Kitco News) – Gold prices were firm in early U.S. trading on Monday, supported by a bullish daily “external market” that predicts a decline in the U.S. dollar index and a slight increase in oil prices. Silver prices have remained mostly stable. Precious metals’ gains are limited to some extent by a slight rise in […]
Trump Will Be ‘Selling Blessed Oil Before This Is Over’
MSNBC host Al Sharpton said Thursday on “The Readout” that former President Donald Trump plans to “sell blessed oil” to raise money to pay his legal judgment. Host Joy Reid said, “Donald Trump has declared bankruptcy before, I think he’s declared bankruptcy at least five times in the past, and he’s never been ashamed of […]