Jacob Fischler, Idaho Capital Sun U.S. House Republicans passed a bill Friday to force the White House to make more federal land and waters available for oil and gas development if the president orders the withdrawal of more oil from the Strategic Petroleum Reserve. The bill, passed 221-205, mostly along …
Read More »House Passes Legislation Barring Sales Of Strategic Reserve Oil To China
Jacob Fischler, Georgia Recorder U.S. House Republicans wrapped up their first week in the majority Thursday by passing with bipartisan support a bill to prohibit the Energy Department from selling the nation’s stockpile of crude oil to China or affiliated entities. The bill, written by Energy and Commerce Committee Chairwoman Cathy …
Read More »In Attempt To Curb Gas Prices, Biden Will Release Oil From Emergency Reserve
Jacob Fischler, Georgia Recorder President Joe Biden will authorize the release of 15 million barrels of oil from the nation’s reserves on Wednesday, part of an effort to lower gas prices as polling shows concerns over inflation are likely to hurt Democrats in congressional elections next month. The release from …
Read More »Biden OKs Release Of 1 Million Barrels Of Oil A Day From Reserve
by Jacob Fischler, Idaho Capital Sun March 31, 2022 On Thursday, President Joe Biden said he would release 1 million barrels of oil from the Strategic Petroleum Reserve daily for the next six months and spur mining companies to increase their production of the materials used to power electric vehicles. …
Read More »National Average Price Of Gas Hits $4 For First Time Since 2008
The national average price of gas in the U.S. broke the all-time record Monday, at $4.104 per gallon. The average price rose 49.1 cents per gallon from a week ago, according to GasBuddy. The previous record of $4.103 per gallon was set in 2008. This is the 10th week in …
Read More »Biden To Tap Strategic Petroleum Reserve To Lower Gas Prices
On Tuesday, President Joe Biden announced that the Department of Energy would make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve, an emergency pool kept by the United States, in an effort to lower gas prices for Americans and address the mismatch between demand exiting the pandemic …
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