Passenger cars and light trucks must get 49 mpg by 2026. The U.S. Transportation Department is heightening fuel standards for new vehicles in line with EPA guidance. The department…
Read MoreOil and gas production
Three Oil Companies Refuse to Testify Before House Committee
Upcoming hearing canceled due to deliberate absence. The House Natural Resources Committee requested that the CEOs of EOG Resources, Devon Energy Corporation, and Occidental Petroleum testify about the…
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President Orders Strategic Petroleum Reserve Release
Size of release intended to lower gas prices and stem inflation. President Biden is ordering the release from the Strategic Petroleum Reserve of one million barrels per day…
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President Biden Bans Russian Energy
Says the U.S. will not subsidize “Putin’s war.” From the White House on Tuesday, President Joe Biden announced that the U.S. is banning all oil, gas, and energy…
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Congress Considering Russian Oil Import Ban
Speaker Pelosi said the move would isolate Russia from global economy. Speaker of the House of Representatives Nancy Pelosi said that the chamber is “exploring” legislation that would…
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Department of Commerce Restricts Russian Oil Sector
Identifies 91 entities connected to Russian oil refinement. The Department of Commerce announced on Friday that it would be implementing new regulations against Russia, this time against its…
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Proposed Legislation Would Ban Russian Oil Imports
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…
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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…
Read MoreRussian 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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