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States Consider Slashing Fuel Taxes to Ease Pain at the Gas Pump
March 14, 2022
A surge in U.S. retail gasoline prices to record highs has prompted governors and lawmakers in several states to consider slashing their fuel taxes and to ramp up pressure on the federal government to do the same. The push reflects
Canada Looking at Boosting Oil Pipeline Flows to U.S.
March 11, 2022
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country’s natural resources minister said on Thursday. Pipeline operator Enbridge said in a statement it was in
NMA Releases Statement on U.S. Ban on Imports of Russian Oil, Natural Gas, and Coal
March 11, 2022
National Mining Association (NMA) President and CEO Rich Nolan issued this statement following an announcement from the White House banning imports of Russian oil, natural gas and coal to the United States. “Our hearts are with the Ukrainian people, and
Terry Jarrett: U.S. Must Learn from Europe’s Energy Crisis
March 11, 2022
As Russia’s invasion of Ukraine unfolds, Americans are witnessing the troubling global impacts. Oil has passed $100 a barrel, and the European Union remains beholden to Russia for almost 40 percent of its natural gas supplies. There’s a reasonable fear
U.S. Energy Secretary Urges Companies to Boost Oil, Gas Output
March 10, 2022
Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia’s invasion of Ukraine, U.S. Energy Secretary Jennifer Granholm said on Wednesday. Russia exports roughly 4 million to 5 million
House Passes Ban on Russian Oil, Natural Gas, and Coal
March 10, 2022
Russian coal, gas, and oil and other petroleum products would be illegal to import in the U.S. under a bill the House passed Wednesday in response to Russia’s invasion of Ukraine. Lawmakers voted 414-17 to pass the bill, which Rep.
Oil Prices Could Hit $240 if Russian Sanctions Continue
March 10, 2022
Oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll out sanctions on Russia’s oil exports en masse. That’s according to Rystad Energy’s head of oil markets, Bjørnar Tonhaugen, who made the statement
Biden Claims, ‘Can’t Do Much Right Now’ on Gas Prices: Blames ‘Russia,’ What About U.S. Productiion’
March 9, 2022
In response to a shouted questions from reporters on Tuesday, President Biden said gas prices are “going to go up.” Asked what he’s going to do about it, Biden claimed: “Can’t do much right now. Russia is responsible.” But there
PDC Energy to Acquire Great Western Petroleum in $1.3 Billion Deal
March 9, 2022
One of Denver’s largest oil producers is buying the largest privately-held oil and gas company in the Denver-Julesburg Basin, continuing the industry’s consolidation in a cash-and-stock deal valued at $1.3 billion. PDC Energy struck a deal announced Monday morning to
Prospector Resurfaces With Plans to Drill for Coalbed Methane Gas in Susitna Valley, Alaska
March 9, 2022
Robert Fowler made a push to drill for coalbed methane on a farm in Palmer a little over a decade ago, but no drill bit ever broke the ground. The unsuccessful effort seemed to mark the end of several years
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