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“The impact of the SPR on gasoline prices tends to be modest,” Lutz Kilian, senior economic policy advisor at the Federal Reserve Bank of Dallas, told McClatchy News. “The SPR is not well ...
The future of oil and gas in the U.S. is a political flashpoint and source of tension, especially as companies and government agencies grapple with climate change and the transition to cleaner ...
The Federal government provided $11.2 billion in immediate assistance to the Government of New York City in September 2001, and $10.5 billion in early 2002 for economic development and infrastructure needs. [18] The 9/11 attacks had great impact on small businesses in Lower Manhattan, located near the World Trade Center.
The Department of Energy said it had bought 2.4 million barrels of oil for the reserve for delivery from April through May to the SPR's Bryan Mound, Texas site. The purchase depleted the ...
The quantity of undiscovered oil beneath Federal lands (excluding State and Native areas) is estimated to range between 5.9 and 13.2 BBO, with a mean value of 9.3 BBO. Most oil accumulations are expected to be of moderate size, on the order of 30 to 250 million barrels (40,000,000 m 3) each.
This article covers the effect of the Deepwater Horizon disaster and the resulting oil spill on global and national economies and the energy industry.. Weeks after the event, and while it was still in progress, the 2010 Deepwater Horizon oil spill was being discussed as a disaster with far reaching consequences sufficient to impact global economies, marketplaces and policies.
Positive Effects of Higher Oil Prices. Matt DiLallo, The Motley Fool. Updated July 14, 2016 at 9:53 PM. Oil prices have moved around quite a bit of late, and the price of U.S. benchmark crude oil ...
Second, it raised royalty rates from 12.5% to 16.7%, doubled rents and increased lease bond minimums by a factor of 15 on federal lands for oil and gas companies. [72] Third, the EPA finalized new standards for power plant carbon emissions, projecting cuts of 65,000 tons by 2028 and 1.38 billion tons by 2047. [73]