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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 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.
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 ...
In Biden’s case, many of the dynamics that supercharged oil and gas industry profits during his presidency were not directly related to his administration’s policies: Russia’s invasion of ...
Aiming to combat high prices, Biden said he will invoke federal powers to increase domestic gas production. ‘Not acceptable’: Biden rips oil CEOs for raking in record profits as gasoline ...
Critics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set ...
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%.
Biden told Democrats that "the America of your dreams is calling you to get back up — that's the story of America for 240 years and counting. It's the story for all of us, not just some of us ...