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…
Read MoreOil and gas production
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…
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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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