oil prices - Page 4

Domestic energy production is being held back by taxes, ESG investing, Green New Deal policy threats, and bank regulations.

Happy Earth Day!

Some of the members of OPEC are near or already at production capacity, so even higher quotas will not add to global supply.

President Joe Biden is desperate to increase oil imports from Canada as the nation continues to struggle with high fuel prices — but is determined not to resurrect the Keystone XL pipeline, whose permit Biden canceled on his first day in office in 2021.

Still no sign of rising production.

President Joe Biden accused Russian President Vladimir Putin on Friday of being responsible for increasing food prices as well as rising oil prices during a White House speech celebrating the latest jobs numbers report.

House Democrats will hold hearings blaming oil and natural gas companies for the soaring gas prices under President Joe Biden.

Secretary of State Antony Blinken attempted to mend President Joe Biden’s increasingly strained relationship with Gulf states on Tuesday in a meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, following a conversation with Saudi Foreign Minister Prince Faisal bin Farhan.

CARACAS — The news that President Joe Biden sent a delegation to meet socialist dictator Nicolás Maduro took Venezuelans by surprise.

No sign of relief from the Russian supply shock.

Give up your car and start walking. That’s an order.  The International Energy Agency (IEA) on Friday directed global governments to urgently cut oil supply to domestic consumers and encourage compliance with its call for lowered consumption.

Just as soaring inflation has lifted gas prices at the pump under President Joe Biden, now its hitting domestic travel. Delta Air Lines CEO Ed Bastian warned Thursday the airlines’ U.S. ticket prices could increase between five and 10 percent in coming weeks as oil costs continue to climb.

Back up above $100 for Brent and WTI.

President Muhammadu Buhari apologized “to all sections of the society” in a statement Wednesday for Nigeria’s increasingly critical shortages of gasoline and other petroleum fuel products, as well as a rotting electric grid that collapsed twice this week, leaving the entire country in the dark.

Airlines in Nigeria warned this week that they were days away from running out of jet fuel, and business groups demanded the government act to stabilize petroleum product availability nationwide, Nigeria’s Vanguard reported on Wednesday, as Africa’s largest oil producer struggles to refine any of its supply.

This week’s drop in the price of oil appears to be related to news that China’s economy may be slowing down due to rising coronavirus infections.

The White House on Thursday claimed drillers have enough “tools” to produce more oil, while banks have cut oil drilling funds. 

The global bank of Credit Suisse in the last two years has defunded the oil, gas, and coal industries by 41 percent due to Democrat-pushed theories of global warming. 

Former Speaker of the House Newt Gingrich blasted President Biden’s failed energy policies Wednesday, placing the blame for skyrocketing oil prices squarely on Biden’s shoulders.

Leaders from Saudi Arabia and the United Arab Emirates (UAE) have reportedly refused to take phone calls from President Joe Biden during the Ukraine crisis, after he snubbed them repeatedly during the first year of his administration.

In 2020, Trump notably predicted that gas prices under Biden would reach $7.00 per gallon, which came true this week.

The average price of gas on Tuesday jumped 11 cents in one day, surpassing 2008’s former record high of $4.103 per gallon.

Multiple news outlets reported that a ban on Russian oil and natural gas is expected as soon as Tuesday.

Rising gasoline prices are also driving up expectations for broader inflation.

Nine out of the top ten states with the most expensive cost of gas per gallon are led by Democrats, according to the report.

Sen. Marco Rubio (R-FL) on Monday slammed the Biden administration’s secret oil meeting with Venezuelan President Nicolás Maduro as a “huge PR boost” for the socialist regime. 

Oh, and guess what… By a margin of 55 to 27 percent, Democrats — Democrats! — want to see domestic energy production encouraged.

Multiple major corporate media outlets in America reported this weekend that President Joe Biden sent a delegation to Venezuela to meet socialist dictator Nicolás Maduro, reportedly to discuss buying Venezuelan oil.

Oil prices surged higher on fears of sanctions against Russian energy.

An effective American president would increase U.S. energy, thereby reducing the funds Putin is using to kill Ukrainians. But while Russia is waging a hot war in Ukraine, the Democrats are more interested in waging World War E.

Hey Joe: What did you say about cutting our costs?

Gas prices have spiked again and may continue as the national average hit $3.72 and President Joe Biden’s stance regarding fossil fuels drives surging oil costs. 

Still stung by the last boom and bust cycle, and wary of Green New Deal-style anti-fossil fuel rules, U.S. oil producers remain hesitant to expand production.

The international coordinated release of strategic reserves last year failed to keep prices down. But President Biden wants to do it again anyway.

It’s like someone has put a neon sign flashing #BIDENFLATION on the White House lawn and the Biden’s are scrambling to pull the plug.

OPEC and allied oil producers agreed to increase production in February because they see demand remaining strong.