Representative Mike Turner of Ohio said this is about U.S. allies. Senators Joe Manchin of West Virginia and Lisa Murkowski of Alaska introduced legislation calling for a declaration…
Read MoreOil and gas production
U.S. and Allies Release 60 Million Oil Barrels from Reserves
Covers deficiencies from cutting off the Russian oil trade. The White House and the International Energy Agency (IEA) announced on Tuesday that they would be dipping into global…
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Russian Invasion of Ukraine Impacts American Economy
White House adviser says the biggest concern is rising gas prices. Cecilia Rouse, the chair of the White House Council of Economic Advisers, stated that Russia’s invasion of…
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Bureau of Land Management to Raise Oil Lease Royalties
Accidentally released plans are currently in draft form. The Interior Department announced on Thursday that an unfinalized new royalty rate for oil and gas leases on federal lands…
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Energy Department Bolsters Fuel Supply
Approves 13.4 million barrels from reserve exchange. The Department of Energy approved additional exchanges of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) last…
Read MoreInterior Releases Gas and Oil Leasing Program Report
Calls for improvements to address climate change. The Department of the Interior released a new report last week that analyzed the oil and gas leasing programs within the…
Read MorePresident Biden Releases Oil from Strategic Reserve
50 million barrels released to ease rising gas prices around the country. On Tuesday, President Biden signed a new executive order releasing 50 million barrels of oil from…
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President Expected to Tap Strategic Petroleum Reserve
The goal is to reduce prices at the gas pump. President Joe Biden is expected to release oil from the Strategic Petroleum Reserve in the coming days. The U.S.…
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Interior Outlines Chaco Canyon Preservation Plan
President Biden prevents drilling within 20 miles of site. The Department of the Interior outlined its plan to protect the Chaco Canyon and surrounding landscape on Monday. Located…
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Senator Schumer Wants Relief at Gas Pumps
He is looking at the Strategic Petroleum Reserve. Senate Majority Leader Chuck Schumer said at a press conference he was calling on President Biden to tap into the…
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