"If they don't, they're going to pay a higher tax on their excess profits and face other restrictions," he said in remarks from the Roosevelt Room at the White House, flanked by Treasury Secretary Janet L. Yellen and Energy Secretary Jennifer M. Gran
US gasoline prices rose for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil's massive profits.
For all the drama surrounding Biden's latest Strategic Petroleum Reserve fiasco and his admin's ridiculous idea to "stimulate" US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he ma
UNSW researchers have prototyped and tested a retrofit system that converts diesel engines to run on 90% hydrogen, radically reducing both carbon dioxide and nitrous oxide emissions while boosting efficiency by an impressive 26% in the process.
Intent, motive, and means: People serving life sentences in U.S. prisons have been convicted on weaker grounds than the circumstantial evidence against Washington for the attack on the Nord Stream pipelines...
As expected, OPEC aggressively slashed projections for both global demand and the amount of crude it will need to pump this quarter, making the case for the output cut announced last week which sent shockwaves across the Biden administration.
• https://www.zerohedge.com, By Tsvetana Paraskova
Russia expects to keep its production at 9.9 million barrels per day (bpd) in October, Russian Deputy Prime Minister Alexander Novak said on Wednesday, citing production volumes that are more than 1 million bpd below Russia's current target under t