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The Energy Select Sector SPDR Fund (XLE), which tracks the performance of the largest oil and gas companies, is up more than 100% since Biden’s inauguration. The cash-rich industry has not shied ...
While Biden views his offshore drilling ban as a way to hasten the United States’ “transitio[n] to a clean energy economy,” his successor wants to maximize U.S. oil and gas production to ...
The Biden-Harris administration has taken every opportunity it could to make fossil-fuel-based energy production more expensive—knowing that high energy prices cause inflation and slow economic ...
Later, in February, the Biden administration suspended any further oil and gas leases on public lands. The decision came after a Trump-appointed judge reversed the social cost of carbon of $51 per ton—the figure established by Obama and restored by Biden—back to $7 per ton which had been Trump's cost estimate.
Many voters think of President Biden as a green energy champion who wants to put fossil fuels out of business. But if you look at the financial performance of oil and natural gas companies under ...
Federal offshore areas withdrawn from oil and gas leasing. The United States offshore drilling debate is an ongoing debate in the United States about whether, the extent to which, in which areas, and under what conditions, further offshore drilling should be allowed in U.S.-administered waters.
The U.S. is producing more oil than ever, and that's helping gas prices stay low. However, even amid inflation anxiety, the Biden administration isn't openly celebrating the increased output.
From Biden’s first day in office to Feb. 23, 2022, gas prices rose from $2.45 a gallon to about $3.60 a gallon. That’s a gain of $1.15 during a period of 13 months.