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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.
Last year, gas prices spiked above $5 a gallon following Russia’s invasion of Ukraine, which set off a panic in the oil market. Biden urged US oil companies to pump more oil – exactly the ...
The energy industry’s recent profit windfall underscores the limited influence of any US president — whether in favor of fossil fuel or not — in the global oil and gas market. In Biden’s ...
With two weeks left in office, President Joe Biden is ending his presidency the same way he started it: halting oil production. On Monday, he announced a ban on offshore oil and natural gas ...
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 ...
Low gas prices are expected to persist through the election, easing economic worries for voters and boosting President Biden's reelection chances. The US hits record oil production levels under ...
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 ...
S&P forecasts that oil market share for the OPEC cartel will rise from 36% in 2020 to 42% by 2040, while the non-OPEC share, including the United States, drops from 64% to 58%.