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The world is going to need fossil fuels far longer than President Biden seems to think.
In his first week in office, Biden canceled the Keystone XL pipeline and placed a ban on new federal oil and gas leasing, which remained in place until April 2022. While record gas prices in 2021 ...
In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop of ...
That's due to the sales of hundreds of millions of barrels authorized by President Joe Biden to try to lower gas prices ... and now that crude oil prices have fallen below the government's target ...
But the oil and gas industry in the United States has thrived under the current president, even as the Biden administration has touted its efforts to transition away from fossil fuels and towards ...
A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
Biden released about 230 million barrels of oil from the reserve in 2022 and 2023, after Russia's invasion of Ukraine sent prices soaring and gasoline peaked at $5 per gallon. The DOE began slowly ...
The Biden administration has bought back 59 million barrels after the 2022 sale at an average price of less than $76 a barrel, far lower than the $95 a barrel it sold oil in 2022.