District of Columbia | October 7, 2021
Gas Prices Hit 7-Year High
District of Columbia | October 7, 2021
Gas prices have reached a seven-year high, skyrocketing nearly 50 percent over the last year. The national average price of gas on Wednesday hit $3.22, according to AAA, up from $2.18 just a year ago. The spike comes as oil prices have surged in recent weeks to their highest level since 2018. Analysts say the elevated energy prices can be attributed to a global shortage of natural gas, which has heightened demand for alternative fuel sources such as oil…. (Excerpts from Washington Free Beacon)
District of Columbia | August 20, 2021
Biden draws ire of GOP, progressives with call to boost OPEC output
District of Columbia | August 20, 2021
The Biden administration managed to draw criticism from both Republicans and progressives last week when it called on other countries to produce more oil amid high gasoline prices in the U.S.
Environmentalists rebuked the White House for encouraging the use of more fossil fuels at a time when the effects of climate change are intensifying, while Republicans responded by arguing President Biden’s energy policies have increased America’s reliance on foreign oil.
“The progressives see the hypocrisy in President Biden’s action just like we do,” House Republican Whip Steve Scalise (La.) said in an interview Tuesday.
“President Biden said he would be a uniter and I guess he has because he’s uniting conservatives and progressives who are all pointing out that his energy strategy is incredibly anti-American and foolish,” Scalise said… (Excerpts from the Hill)
District of Columbia | July 8, 2021
Oil Reaches Highest Price in Six Years Amid Low Supply, Output
District of Columbia | July 8, 2021
Oil prices climbed to a six-year high Tuesday as the Organization of the Petroleum Exporting Countries (OPEC) and Russia continue to tamp down on global output, The Wall Street Journal reported.
An OPEC meeting was called off Monday, the WSJ reported. It was the group’s third attempt to discuss surging prices and an increase in oil consumption amid an opening global economy.
July 4th gas prices were among the highest in almost seven years at a national average of $3 a gallon, the WSJ reported. The price and demand increase is causing concern among executives and OPEC leaders that higher prices could impact the economic recovery from the pandemic and ramp up inflation.
During the pandemic, OPEC agreed to keep crude oil in the ground to limit supply, the WSJ reported. The United Arab Emirates backed out of the meeting Monday because it didn’t want to agree to a Saudi-backed deal to boost output.
Oil jumps as OPEC+ fail to reach agreement https://t.co/LXkCDRZO5t pic.twitter.com/KU4x8c16xs
(Excerpts from the Tennessee Star)
District of Columbia | July 5, 2021
Keystone XL Pipeline Developer Seeks $15 Billion in Damages From US
District of Columbia | July 5, 2021
Energy company TC Energy has said it is seeking $15 billion in damages from the United States government over President Joe Biden’s decision to cancel the Keystone XL pipeline project. In a statement on Friday, the Canada-based company said it had filed a notice of intent with the State Department to begin a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada agreement. The company said it aims to “recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit,” adding that it suffered a loss of more than $15 billion “as a result of the U.S. Government’s breach of its NAFTA obligations.”
(Excerpts from Epoch Times)
District of Columbia | June 17, 2021
Federal Judge Orders Biden Administration to Halt Oil and Gas Leasing Ban
District of Columbia | June 17, 2021
A federal judge ordered the federal government to halt its ban on new oil and gas leases in a major setback for President Joe Biden’s administration.
Judge Terry Doughty, of the U.S. District Court for the Western District of Louisiana, granted a preliminary injunction that had been requested by a large coalition of Republican state attorneys general in an order released Tuesday evening. The Department of Interior is prohibited from enforcing the oil and gas leasing ban until the case is concluded, according to the order.
“This is a victory not only for the rule of law, but also for the thousands of workers who produce affordable energy for Americans,” Louisiana Attorney General Jeff Landry said in a statement shared with the Daily Caller News Foundation. “We appreciate that federal courts have recognized President Biden is completely outside his authority in his attempt to shut down oil and gas leases on federal lands.”
On Jan. 27, President Joe Biden signed the executive order banning new oil and gas leases on federal lands. The order was part of a series of executive actions that Biden signed shortly after taking office and were aimed at tackling climate change…
(Excerpt from the Virginia Star and Daily Caller)
District of Columbia, International | June 8, 2021
Ukraine’s President Says Biden Handed Putin a ‘Weapon’ By Caving On Pipeline
District of Columbia, International | June 8, 2021
Ukraine’s president accused the Biden administration of handing a “weapon” to the Kremlin by allowing the completion of the Nord Stream 2 pipeline, which Russian president Vladimir Putin hopes to use to build influence in Europe.
“This is a weapon, a real weapon … in the hands of the Russian Federation,” Volodymyr Zelensky said in an interview with Axios that aired Sunday. “It is not very understandable … that the bullets to this weapon can possibly be provided by such a great country as the United States.”
Zelensky told Axios that he learned through press reports last month that Biden had decided to waive sanctions against European companies helping build the pipeline. He said that Biden had previously given him indications that he would not allow the completion of the pipeline, which will transport gas directly from Russia to Germany.
U.S. and Ukrainian officials are concerned that Nord Stream 2, which is owned by Russian gas giant Gazprom, will give Putin more leverage over Ukraine and other Eastern European countries that the pipeline bypasses. Biden’s decision conflicts with his past claims to adamantly support Ukraine and oppose Putin. As vice president, Biden served as the Obama administration’s chief liaison to Ukraine following the ouster of Viktor Yanukovych, its pro-Russia leader…
(Excerpts from the Washington Free Beacon)