Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
2 years, 9 months ago

Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary

CNN  

New York CNN Business — Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices, though she concedes that even the most powerful person on the planet has limited influence to do that. “He’s obsessed with the fact that gas prices are so high and people are hurting,” Granholm told CNN on Tuesday following a rare tour of the Strategic Petroleum Reserve, the nation’s emergency oil stockpile. Granholm argued that by unleashing record amounts of emergency oil to ease strains caused by the war in Ukraine, Biden has already used the “biggest tool” at his disposal to address energy crises. Asked if the Biden administration is seriously considering additional action, such as banning US oil exports, Granholm said: “Everything is still on the table.” However, some industry experts have warned a ban on shipments of US crude abroad would only inflate world oil prices, which are what pump prices are based on. ‘Mind-blowing’ Gas prices initially retreated after Biden announced a record-setting release of 180 million barrels of oil from the SPR in late March following the disruptions caused by Russia’s invasion of Ukraine.

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History of this topic

Trump creates council for ‘energy dominance,’ boosts natural gas exports and offshore drilling
1 month, 1 week ago

Trump creates council for ‘energy dominance,’ boosts natural gas exports and offshore drilling

Associated Press  

WASHINGTON — President Donald Trump on Friday signed an executive order formally creating a National Energy Dominance Council and directed it to move quickly to drive up already record-setting domestic oil and gas production. Trump’s administration also announced it has granted conditional export authorization for a huge liquefied natural gas project in Louisiana, the first approval of new LNG exports …

Oil and gas advocate named by Trump to lead agency that manages federal lands
Trending News
1 month, 1 week ago

Oil and gas advocate named by Trump to lead agency that manages federal lands

Associated Press  

— President Donald Trump has nominated a longtime oil and gas industry representative to oversee an agency that manages a quarter-billion acres of public land concentrated in western states. An MIT graduate, Sgamma has been a leading voice for the fossil fuel industry, calling for fewer drilling restrictions on public lands that produce about 10% of U.S. oil and gas. …

Economists To Trump: Don’t Screw It Up
2 months ago

Economists To Trump: Don’t Screw It Up

Huff Post  

LOADING ERROR LOADING Forty-eight months and 21%. Trump successfully ran on the idea that the economy under Biden was uniquely terrible, and the public agreed: 68% of voters said the economy was either “not so good” or “poor.” Treasury Secretary Janet Yellen, in a prepared speech Wednesday in New York City, said the economy had performed “remarkably well” in the …

Trump plans to boost gas exports & oil drilling in 2nd term, say sources
3 months, 3 weeks ago

Trump plans to boost gas exports & oil drilling in 2nd term, say sources

Firstpost  

Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas projects and increase oil drilling off the US coast and on federal lands, according to two sources familiar with the plans. An early priority would be lifting President Joe Biden’s …

Trump picks Big Oil ally and drilling enthusiast Doug Burgum for Interior Secretary
4 months ago

Trump picks Big Oil ally and drilling enthusiast Doug Burgum for Interior Secretary

Raw Story  

President-elect Donald Trump announced Thursday that he has chosen billionaire North Dakota Gov. Burgum, a friend of oil billionaire Harold Hamm, served as a kind of middleman between Trump's presidential campaign and the fossil fuel industry during the 2024 race. The Washington Post reported that Burgum's selection as interior secretary will "give Hamm expansive influence over policy related to drilling …

How Trump set the Biden administration up for an economic disaster with a 2020 bargain
6 months, 1 week ago

How Trump set the Biden administration up for an economic disaster with a 2020 bargain

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Plunging oil prices were on track to devastate the energy economy of Texas — …

Opinion: Whatever Big Oil wants, Big Oil gets. As long as it bankrolls Trump
10 months ago

Opinion: Whatever Big Oil wants, Big Oil gets. As long as it bankrolls Trump

LA Times  

Then-President Trump points at Harold Hamm, head of North Dakota’s largest oil company, Continental Resources, at an event in 2019. What better sign could there be that we’re drowning in political outrage, that we’re inured to it, than this: A national newspaper scooped this month that Donald Trump gathered about two dozen oil industry executives for a chopped steak dinner …

'That's a mistake': Trump said to have given Joe Biden the gift of a winning attack line
10 months ago

'That's a mistake': Trump said to have given Joe Biden the gift of a winning attack line

Raw Story  

It's months away from Christmas, yet Donald Trump just gave Joe Biden a major gift, according to a MSNBC analyst. "Earlier this month, The Washington Post reported that Trump asked oil executives for $1 billion; in exchange he would prioritize reversing Biden-era regulations on the industry," Downie wrote Saturday. He said Biden should start by endorsing an effort by Democrats …

Trump turns to oil industry for $1bn towards campaign as they draft executive orders for him to sign
10 months, 1 week ago

Trump turns to oil industry for $1bn towards campaign as they draft executive orders for him to sign

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump solicited a $1bn donation from oil executives during a meeting at his Mar-a-Lago …

Trump asks oil executives for a billion dollars, as they write environmental policy for him
10 months, 1 week ago

Trump asks oil executives for a billion dollars, as they write environmental policy for him

Salon  

Donald Trump tried to shake down a group of top oil industry executives for a whopping $1 billion dollar donation, providing a glimpse into the cash-strapped nature of his 2024 campaign. Though the solicitation isn’t explicitly illegal, given that he reportedly didn’t tie the donation to exact policy actions, it raises major red flags into just how Trump would make …

‘Undisguised corruption’: critics slam Trump for ‘selling the White House’ to Big Oil
10 months, 1 week ago

‘Undisguised corruption’: critics slam Trump for ‘selling the White House’ to Big Oil

Raw Story  

Donald Trump is promising CEOs of oil and gas conglomerates he will dismantle the climate protections President Joe Biden has installed, and he will green light their policy wishlists including gutting support for electric vehicles if they donate $1 billion for his presidential campaign, according to reporting from Politico and The Washington Post. "You all are wealthy enough, he said, …

Trump Reportedly Asks Fossil Fuel CEOs For $1 Billion
10 months, 1 week ago

Trump Reportedly Asks Fossil Fuel CEOs For $1 Billion

Huff Post  

LOADING ERROR LOADING Former President Donald Trump is more than happy to fulfill the oil and gas industry’s wish list if he’s reelected — but he has an asking price. Trump reportedly solicited top oil and gas executives to give $1 billion for his campaign to return to the White House, vowing in return to undo many of President Joe …

'Everything has a price': Insiders say Trump secret offer left oil barons 'stunned'
10 months, 1 week ago

'Everything has a price': Insiders say Trump secret offer left oil barons 'stunned'

Raw Story  

Donald Trump made a transactional offer that reportedly "stunned" top oil executives at an event last month at his Mar-a-Lago resort. The presumptive Republican nominee has already asked the oil industry to help craft his environmental agenda for a possible second term that would roll back Biden's mandates on clean energy and electric vehicles, and Trump told attendees over chopped …

Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve
11 months ago

Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve

Associated Press  

JUNEAU, Alaska — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. “It’s more than a one-two punch to Alaska,” Alaska Sen. Lisa Murkowski said, “because when you take …

Biden moves to limit oil drilling and mineral mining in Alaska, in latest win for greens
11 months ago

Biden moves to limit oil drilling and mineral mining in Alaska, in latest win for greens

Politico  

Biden said in a statement he was “proud that my Administration is taking action to conserve more than 13 million acres in the Western Arctic and to honor the culture, history, and enduring wisdom of Alaska Natives who have lived on and stewarded these lands since time immemorial.” But Murkowski and other GOP senators held a press conference Thursday to …

US President Joe Biden, Federal Reserve can’t afford further rally in oil prices: Christopher Wood
11 months, 3 weeks ago

US President Joe Biden, Federal Reserve can’t afford further rally in oil prices: Christopher Wood

Live Mint  

In the past week, the prices of crude oil have risen on the backs of high demand and reduced supply forecast by the International Energy Agency in 2024. Last week, both Brent and WTI crude oil witnessed a 4% rally, and as per Christopher Wood, the Global Head of Equity Strategy at Jefferies, rising oil prices in the last thing …

Despite climate goals US oil boom shows, ‘World wants for more energy, not less’
1 year, 3 months ago

Despite climate goals US oil boom shows, ‘World wants for more energy, not less’

Hindustan Times  

The world may be pushing for renewable energy and climate change action, but guess what? - Bob McNally, President of Rapidan Energy Group Surpassing Trump-era records Last month, weekly US oil production hit 13.2 million barrels per day, just edging past the previous record set during the Trump era. Despite geopolitical tensions affecting energy prices globally, America's oil is trading …

Biden is gaslighting us about natural gas exports
1 year, 3 months ago

Biden is gaslighting us about natural gas exports

Salon  

Imagine you woke up one morning to find out that the government approved the construction of a giant “natural” gas processing facility in your backyard. That kind of gaslighting is the current reality for communities in Southern Louisiana, as President Biden’s Department of Energy considers granting a license to build a new “liquified natural gas” export terminal called Calcasieu Pass …

Biden delays plans to restock nation’s emergency oil reserve
1 year, 7 months ago

Biden delays plans to restock nation’s emergency oil reserve

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is …

Biden is eager to run on the economy — ‘Bidenomics’ — but voters have their doubts
1 year, 8 months ago

Biden is eager to run on the economy — ‘Bidenomics’ — but voters have their doubts

Associated Press  

WASHINGTON — President Joe Biden is eager to take full political ownership of the U.S. economy — a reflection of the White House belief that inflation is fading, job growth is solid and voters need to know about it. For him, there’s a happy confluence of the coming 2024 reelection campaign and a favorable turn in recent economic data, leading …

Biden touts US efforts as oil overshadows climate summit
1 year, 11 months ago

Biden touts US efforts as oil overshadows climate summit

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden touted “unprecedented” climate efforts by his administration …

What the Heck Is Joe Biden Thinking Lately?
1 year, 11 months ago

What the Heck Is Joe Biden Thinking Lately?

Slate  

In mid-March, the Biden administration formally approved the Willow oil drilling project on federally owned landed in Alaska’s National Petroleum Reserve. Biden “made no mention of his newfound support for the bill during a private meeting with House Democrats only the day before, nor had any White House officials offered preemptive warnings,” Politico reported. Politico, citing unnamed Biden aides, claims …

Can TikTokkers sway Biden on oil drilling? The #StopWillow campaign, explained
2 years ago

Can TikTokkers sway Biden on oil drilling? The #StopWillow campaign, explained

NPR  

Can TikTokkers sway Biden on oil drilling? The #StopWillow campaign, explained Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Any day now, the Biden administration is expected to decide whether to approve a controversial oil drilling project that's become a galvanizing issue for Gen Zers passionate about climate change. The Biden administration says boosting oil production could …

Biden’s oil comments spark debate over energy production
2 years, 1 month ago

Biden’s oil comments spark debate over energy production

Associated Press  

WASHINGTON — President Joe Biden sparked a firestorm in energy circles when he said in Tuesday’s State of the Union address that the United States will need oil “for at least another decade.″ Republicans in the House chamber laughed in derision at Biden’s off-the-cuff remark, which was not in his scripted speech. “We’re still going to need oil and gas …

Marjorie Taylor Greene's amendment to bar Biden from selling oil goes down in massive bipartisan defeat
2 years, 1 month ago

Marjorie Taylor Greene's amendment to bar Biden from selling oil goes down in massive bipartisan defeat

Raw Story  

For the last year, President Joe Biden has released a record amount of oil from America's petroleum reserves in order to increase oil supply and lower the price of gasoline that skyrocketed at the start of Russia's invasion of Ukraine. Some Republican lawmakers, however, have criticized Biden for selling so much oil, even though his administration has begun buying it …

Biden issues a warning as he accuses oil and gas companies of ‘war profiteering’ off Russia’s invasion of Ukraine
2 years, 4 months ago

Biden issues a warning as he accuses oil and gas companies of ‘war profiteering’ off Russia’s invasion of Ukraine

CNN  

CNN — President Joe Biden escalated weeks of sharp warnings to energy producers on Monday by floating a so-called “windfall” tax on their corporate profits, calling out major gas companies for racking up gains from a spike in prices he attributes to Russia’s war in Ukraine. The president called on oil companies to “act beyond their narrow self-interest,” arguing they …

Ahead of elections, Biden announces steps to reduce gas prices in U.S.
2 years, 5 months ago

Ahead of elections, Biden announces steps to reduce gas prices in U.S.

The Hindu  

Ahead of the crucial mid-term polls, U.S. President Joe Biden has announced a slew of measures to lower gas prices, which have been hurting the middle class. Mr. Biden, in a major policy speech, reiterated that Russian President Vladimir Putin was responsible for the hike in energy prices in the U.S. “When the price of gas goes up, other expenses …

Biden releasing 15 million barrels of oil from strategic reserve
2 years, 5 months ago

Biden releasing 15 million barrels of oil from strategic reserve

Al Jazeera  

Just weeks before US midterms, move completes a previously announced release of 180 million barrels amid war in Ukraine. US President Joe Biden has announced the release of 15 million barrels of oil from the United States strategic reserve, a move that follows contentious OPEC+ production cuts that have drawn scorn in Washington in advance of next month’s midterm elections. …

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile
2 years, 5 months ago

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile

Daily Mail  

Joe Biden is planning to release up to 15million barrels of oil from the US's emergency oil reserves as he tries to stem soaring gasoline prices. President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices The oil release would be the latest …

Joe Biden has ‘no plans’ to meet Saudi Arabia’s MBS at G20 summit
2 years, 5 months ago

Joe Biden has ‘no plans’ to meet Saudi Arabia’s MBS at G20 summit

Al Jazeera  

Saudi Arabia’s defence minister, meanwhile, said he is ‘astonished’ by accusations the kingdom is ‘standing with Russia in its war with Ukraine’. United States President Joe Biden has “no plans” to meet with Saudi Crown Prince Mohammed bin Salman at next month’s G20 summit in Indonesia, a senior US official says, as tensions over the OPEC+ decision to cut oil …

‘Slap in the face’: Biden’s fist bump with MBS fails to move the OPEC needle significantly
2 years, 7 months ago

‘Slap in the face’: Biden’s fist bump with MBS fails to move the OPEC needle significantly

CNN  

CNN — Candidate Joe Biden promised in 2019 to make Saudi Arabia a “pariah” over the kingdom’s human rights record. “It’s a purely symbolic gesture.” Others go even further, describing the OPEC+ move as an insult given Biden’s journey to Saudi Arabia, the de facto leader of the producer group. “Well, no it doesn’t,” White House senior energy adviser for …

Higher gas prices hurt pockets, make small dent in emissions
2 years, 8 months ago

Higher gas prices hurt pockets, make small dent in emissions

Associated Press  

As Congress and now the Supreme Court stymie the Biden administration’s efforts to curb climate change, one thing the president doesn’t want - sky high gas prices - actually is nibbling away at emissions of heat-trapping gas. “High fuel prices are a really difficult thing because they’re a double-edged sword,” said Samantha Gross, director of the energy security and climate …

Gas prices 'double-edged sword' hurts drivers, helps climate
2 years, 8 months ago

Gas prices 'double-edged sword' hurts drivers, helps climate

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “High fuel prices are a really difficult thing …

Oil industry says Granholm meeting sends ‘positive signal’
2 years, 8 months ago

Oil industry says Granholm meeting sends ‘positive signal’

Associated Press  

WASHINGTON — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday. In a joint statement, the American Petroleum Institute and the American Fuel & Petrochemical Manufacturers said the meeting with Granholm “should send a positive signal …

Oil industry says Granholm meeting sends 'positive signal'
2 years, 8 months ago

Oil industry says Granholm meeting sends 'positive signal'

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Biden tells oil refiners: Produce more gas, fewer profits
2 years, 9 months ago

Biden tells oil refiners: Produce more gas, fewer profits

Associated Press  

President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. “While we appreciate the opportunity to open increased dialogue with the White House, the administration’s misguided policy agenda shifting away …

Biden calls on oil refiners to produce more, cut profit margins
2 years, 9 months ago

Biden calls on oil refiners to produce more, cut profit margins

Al Jazeera  

United States President Joe Biden has called on oil refiners to produce more petrol and diesel, saying their high profit margins are hurting consumers. While he said the Russian invasion of Ukraine is “principally responsible” for the financial burden US residents are facing, “historically high refinery profit margins are worsening that pain”. “Your companies need to work with my Administration …

Biden is under pressure on gas prices. So he's putting pressure on oil companies
2 years, 9 months ago

Biden is under pressure on gas prices. So he's putting pressure on oil companies

NPR  

Biden is under pressure on gas prices. So he's putting pressure on oil companies Enlarge this image toggle caption Mario Tama/Getty Images Mario Tama/Getty Images Under intense political pressure to address soaring gasoline prices, President Biden is trying to push the nation's largest refiners to do more to boost supplies and lower prices. "My administration is prepared to use all …

News Analysis: Biden, who ran on competency and experience, is struggling to manage multiple crises
2 years, 9 months ago

News Analysis: Biden, who ran on competency and experience, is struggling to manage multiple crises

LA Times  

President Biden campaigned on a pledge to restore competency and stability to government. “You can’t control the hand you’re dealt, and this is one of the worst hands any president has ever been dealt,” said Chris Whipple, the author of a book on White House chiefs of staff and another on the Biden administration to be published later this year. …

White House says US prepared to handle economic storms as JPMorgan boss predicts ‘hurricane’ ahead
2 years, 9 months ago

White House says US prepared to handle economic storms as JPMorgan boss predicts ‘hurricane’ ahead

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The White House is pushing back on predictions of economic …

Biden administration launches plan to refill emergency oil reserve
2 years, 10 months ago

Biden administration launches plan to refill emergency oil reserve

CNN  

New York CNN Business — The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America’s emergency oil reserve, an Energy Department official told CNN. This would mark the first time since the early 2000s that the Energy Department has acquired large …

Debate fueled as Biden taps key petroleum stockpile
2 years, 11 months ago

Debate fueled as Biden taps key petroleum stockpile

China Daily  

Fuel prices are displayed at a gasoline station in San Francisco last month. DAVID PAUL MORRIS/BLOOMBERG/GETTY IMAGES Rising gasoline prices highlight US political divide In response to rising gasoline prices and amid political rumblings, United States President Joe Biden has tapped the nation's Strategic Petroleum Reserve to increase the available oil supply while promoting a transition from fossil fuels. The …

Debate fueled as Biden taps key petroleum stockpile
2 years, 11 months ago

Debate fueled as Biden taps key petroleum stockpile

China Daily  

Fuel prices are displayed at a gasoline station in San Francisco last month. DAVID PAUL MORRIS/BLOOMBERG/GETTY IMAGES Rising gasoline prices highlight US political divide In response to rising gasoline prices and amid political rumblings, United States President Joe Biden has tapped the nation's Strategic Petroleum Reserve to increase the available oil supply while promoting a transition from fossil fuels. The …

Debate fueled as Biden taps key petroleum stockpile
2 years, 11 months ago

Debate fueled as Biden taps key petroleum stockpile

China Daily  

Oil pumps operate last month in Los Angeles. "And it will save American families money in the immediate future－including more than $950 a year in gas savings from taking advantage of electric vehicles, and an additional $500 a year from using clean electricity like solar and heat pumps to power their homes." The White House said the DPA will "support …

Debate fueled as Biden taps key petroleum stockpile
2 years, 11 months ago

Debate fueled as Biden taps key petroleum stockpile

China Daily  

Fuel prices are displayed at a gasoline station in San Francisco last month. DAVID PAUL MORRIS/BLOOMBERG/GETTY IMAGES Rising gasoline prices highlight US political divide In response to rising gasoline prices and amid political rumblings, United States President Joe Biden has tapped the nation's Strategic Petroleum Reserve to increase the available oil supply while promoting a transition from fossil fuels. The …

Why Biden’s release of US oil reserves won’t end pain at the pump
2 years, 11 months ago

Why Biden’s release of US oil reserves won’t end pain at the pump

Al Jazeera  

Gas prices will keep rising amid Russian war in Ukraine as sanctions tighten and demand outstrips supply, experts say. Washington, DC – When Joe Biden announced that the United States would release more than 180 million barrels of oil from its strategic petroleum reserve over the next six months, the US president hailed it as an historic move that would …

Biden oil move aims to cut gas prices ‘fairly significantly’
2 years, 11 months ago

Biden oil move aims to cut gas prices ‘fairly significantly’

Associated Press  

WASHINGTON — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine. Biden said Thursday he expects gasoline prices could …

EXPLAINER: What is the Strategic Petroleum Reserve?
2 years, 11 months ago

EXPLAINER: What is the Strategic Petroleum Reserve?

Associated Press  

DALLAS — President Joe Biden is again dipping into the nation’s petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily release of 1 million barrels of oil from the strategic petroleum reserve for the next six months. Then, in his state of the union speech in March, Biden announced another …

Biden plans a major withdrawal from the country's oil reserves to control gas prices
2 years, 11 months ago

Biden plans a major withdrawal from the country's oil reserves to control gas prices

NPR  

Biden plans a major withdrawal from the country's oil reserves to control gas prices Enlarge this image toggle caption Demetrius Freeman/The Washington Post via Getty Images Demetrius Freeman/The Washington Post via Getty Images President Biden announced a plan Thursday to draw 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve — …

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