The emergency oil stockpile is at a 40-year low. U.S. Secretary of Energy Jennifer Granholm recently stated that the oil levels of the Strategic Petroleum Reserve (SPR) will…
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U.S. Navy Prevents Iran from Capturing 2 Oil Tankers
Both commercial vessels were near the Strait of Hormuz. The U.S. Navy reported that an attempt by Iranian forces to capture two oil tankers was foiled by an…
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Interior Department Bans New Oil Leases Around Chaco Canyon
The policy to be in effect for 20 years. The Department of the Interior announced that new oil and gas drilling leases will not be issued on public…
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Secretary Blinken Meets With Saudi Crown Prince
Saudi Arabia announced it would decrease oil output after a weekend meeting of OPEC+. On his second trip to Saudi Arabia, Secretary of State Antony Blinken met with…
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Iran Seizes Second Oil Tanker Bound for U.S.
U.S. Navy reports the second incident in a week. The United States Navy reported that a second oil tanker was seized in the Strait of Hormuz by the…
Read MoreIran Seizes Houston-Bound Oil Tanker
U.S. Navy reports the violation of international law. The U.S. Navy 5th Fleet reported that Iran has seized a foreign vessel in the Gulf of Oman. “The oil…
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Administration Offers Congress Reassurance on SPR
Legislators receive a letter from Energy Department. Congress received a letter from the Department of Energy earlier this month, offering the administration’s response to congressional concerns about the…
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Federal Contractors Converge to Clean Up Keystone Oil Spill
Third rupture to occur along the pipeline in five years. Federal contractors joined state and private contractors this week to clean up the Keystone Pipeline’s third oil spill…
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Appeals Court Vacates Block on Oil and Gas Leasing Pause
Executive order stands as district court addresses lack of specificity. In January 2021, President Joe Biden paused new leases for oil and gas extraction on federal land, in…
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American Oil Reserves Being Sent Overseas
Strategic Petroleum Reserve being reduced by 1 million barrels daily. Since March 31, the United States is releasing 1 million barrels of oil per day from its strategic…
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