She also urges states to implement gas tax holidays. Secretary of Energy Jennifer Granholm said the Defense Production Act is a “tool” the president’s administration can use to…
Read MoreOil and gas production
Secretary Yellen Says Gas Tax Holiday Worth Considering
National average price per gallon exceeds $5. Treasury Secretary Janet Yellen said a federal gas tax holiday to ameliorate the burden of rising gas prices across the country…
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Secretary Granholm to Meet with Oil Executives
Seeking executive input for oil price solutions. In the letter President Biden wrote to oil executives on Wednesday, he stated that they should begin working with Energy Secretary…
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President Calls on Oil Companies to Increase Gas Output
Sent a letter to CEOs with expectations. President Biden told the CEOs of the nation’s major oil companies in a letter that he is considering invoking emergency powers…
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President Slated for Middle East Trip in July
Israel, West Bank, and Saudi Arabia are on the itinerary. President Joe Biden plans to travel to the Middle East next month, making stops in Israel, the West…
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Interior Department Investing in Orphaned Wells
Hundreds of wells to be addressed in parks, forests, and wildlife refuges. Department of the Interior’s Bureau of Land Management has announced that the agency will invest in…
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Oil Smuggling Network Designated by U.S. Treasury
Estimated to be funneling hundreds of millions to militant Islamic terrorists. Last month, the Office of Foreign Assets Control (OFAC) within the U.S. Treasury Department designated an international…
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White House Considers Waiving Smog Rules for Cheaper Gas
Governors urging smog waiver. The White House is considering combating rising gas prices by waiving summertime environmental gasoline regulations. Oil refiners and blenders sometimes mix low-cost, high carbon…
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President May Tap Strategic Diesel Reserve
Decline in diesel inventories causes concern. The next step for President Joe Biden in mitigating the damage of supply shortages and rampant inflation could be tapping into the…
Read MoreNational Average Gas Price Continues to Climb
Experts anticipate the cost to reach $6 per gallon by August. Analysts at JPMorgan-Chase predict another surge in gasoline prices this summer, saying drivers across the nation could…
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