Joe Biden Drains Strategic Petroleum Reserve to 40 Year Low
President Joe Biden will have drained the Strategic Petroleum Reserve (SPR) to a 40 year low at the end of October, according to industry experts.
Oil - Page 11
WH’s Hochstein: I Didn’t Think We’d Have This OPEC Cut after Meeting with Saudis Two Weeks Ago
During an interview with Bloomberg on Thursday, Special Presidential Coordinator for Energy Security Amos Hochstein said that he did not leave his meeting with Saudi Crown Prince Mohammed bin Salman around two weeks ago where energy was one of the topics
Biden’s Anti-Drilling Policies Have Cut Oil Supplies as Much as OPEC+ Decision
President Joe Biden’s anti-drilling policies have cut oil supplies as much as the decision Wednesday by OPEC+ to slash two million barrels of oil production, an analysis by the Committee to Unleash Prosperity shows.
Report: Biden Readies Sanctions Cut Granting Socialist Venezuela Oil Windfall
The Biden administration is preparing to ease oil sanctions on the socialist regime of Venezuela that would allow California-based Chevron to resume oil production there, potentially opening a path for the return of Venezuelan oil exports into U.S. and European markets, according to a report published by the Wall Street Journal on Wednesday.
Nigeria Discovers Pirate Pipeline That Stole Oil from Major Terminal for Nine Years
Nigeria’s state oil company, NNPC Ltd, on Wednesday announced the discovery of a secret pipeline plugged into the Forcados export terminal.
Khanna: We Should Ban Oil Exports Like Biden’s China SPR Sale
On Thursday’s broadcast of CNBC’s “Squawk Box,” Rep. Ro Khanna (D-CA) called for a ban, with exceptions for exports to our allies on oil exports, to forbid things like the Biden administration selling oil from the Strategic Petroleum Reserve to
Antony Blinken Uses Latin America Tour to Pressure Venezuelans into Talks with Socialist Dictator Maduro
Secretary of State Antony Blinken continued his ongoing tour of Latin America, landing in Peru on Thursday, where the Organization of American States (OAS) will be holding its annual General Assembly.
Taliban Inks Major Russian Fuel Deal – but Leaves Unclear How It Will Pay
The Taliban terrorist organization, operating as the de facto government of Afghanistan, signed a major agreement with Russia last week that would significantly reduce pressure on the country’s fuel supply — but at an unclear price, the American outlet Radio Free Europe/Radio Liberty (RFE/RL) noted on Wednesday.
Cotton: ‘At a Minimum,’ GOP Majority Can Use Budget Power to Force Biden to Change Energy Policies
On Wednesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Sen. Tom Cotton (R-AR) stated that if Republicans take back the Senate in the 2022 midterm elections, they can use the power of the purse to force the Biden administration
White House Accuses OPEC+ of Siding with Russia After Biden Failure to Get Saudis to Pump More Oil
The White House on Wednesday accused the Organization of the Petroleum Exporting Countries (OPEC+) of siding with Russia by deciding to cut oil production.
WH Econ Adviser Won’t Endorse Additional Gulf Oil Leases, Says Energy Companies Charging Too Much for Gas
On Wednesday’s broadcast of CNBC’s “Power Lunch,” White House National Economic Council Director Brian Deese said that “We want to see companies, energy companies bring prices down at the pump to reflect the wholesale price that they’re paying” while also
Blackburn: ‘We Have No Leverage with OPEC’ Due to Biden Policies, Debt Holdings by OPEC
On Tuesday’s broadcast of the Fox News Channel’s “Fox News @ Night,” Sen. Marsha Blackburn (R-TN) argued that because of the Biden administration’s energy policies, and the large amount of American debt that is held by OPEC member nations, the
GOP Sen. Hoeven: OPEC Sees We Have to Replenish SPR and They’re Going to Make Biden ‘Buy it Back at a Higher Price’
On Tuesday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. John Hoeven (R-ND) stated that OPEC sees the Biden administration draining the Strategic Petroleum Reserve and OPEC cutting production is “like jiu-jitsu.” And “They’re going to make the administration” buy
WH Spox Kirby: We Need to Lessen Dependence on OPEC, That’s Why Biden Issued Drilling Leases, and Is ‘Working So Hard on Clean Energy’
On Wednesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” White House NSC Coordinator for Strategic Communications John Kirby said that the United States needs to be less dependent on foreign oil and that’s why President Biden “has issued more
WH Spox Kirby: OPEC+ Cut ‘Gets Them’ ‘More in Line with Actual Production’ — They’ve Been Overstating Production
On Wednesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” White House NSC Coordinator for Strategic Communications John Kirby defended President Biden’s Saudi trip as “not about oil.” And reacted to announced production cuts by OPEC+ by stating that OPEC+ has
OPEC+ Energy Ministers Agree to 2 Million Barrel Cut to Oil Production
A stinging rebuke to the Biden administration.
CNN: Biden WH ‘Panicking’ and Making ‘Furious, Last-Ditch’ Effort to Convince OPEC Not to Cut Production
On Tuesday’s broadcast of CNN’s “The Lead,” CNN Senior National Security Correspondent Alex Marquardt reported that the White House is “panicking” over the prospect that OPEC will cut oil production and is engaging in a “furious, last-ditch, wide-scale effort” to
Report: OPEC Considers 1 Million Barrel per Day Production Cut
Oil prices rose by almost $4 per barrel on Monday with news that OPEC+, the expanded Organization of Petroleum Exporting Countries that includes Russia, could announce its largest production cut in years during its meeting this week.
GOP Sen. Cramer on Native Leaders Criticizing Biden Energy Policies: He’s Throwing out Justice, Equity to Keep ‘Oil in the Ground’
On Monday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. Kevin Cramer (R-ND) weighed in on Native American leaders criticizing the Biden administration for its policies toward oil, gas, and coal development on tribal lands by stating that the tribes
‘Just Stop Oil’ Climate Protesters Blockade Downing Street
Climate extremist group Just Stop Oil has blockaded Downing Street, site of the Prime Minister’s official residence, and say they will not leave “until their demands are met”.
GOP Rep. Burgess: Congress Must Ensure SPR Doesn’t Turn into Slush Fund, We Wanted to Fill it When Oil Was Cheap
On Friday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Rep. Michael Burgess (R-TX) said that Congress needs to ensure that money the government has gotten from selling oil from the Strategic Petroleum Reserve is used to re-stock the
Satire as Confession: Director Adam McKay Produces Fake Chevron Ad Condemning Needless Flights (Like 5,000-Mile Trips to His House in Ireland)
Woke Hollywood producer, “Vice” and “Don’t Look Up” director Adam McKay created a fake Chevron ad in an attempt to skewer the company and push his far-left global warming agenda, even as McKay — with his estimated $60 million net worth — enjoys flying thousands of carbon-spewing miles to his various homes around the world.
China Proposes Selling Oil to Europe to Replace Nord Stream Gas
The Chinese government-run newspaper Global Times speculated on Thursday that China has the capacity to export refined oil to Europe as a means of replacing the lost natural gas that would have come in from the broken Nord Stream pipelines in the Baltic.
GOP Rep. Brady: Dems Want to Turn Petroleum Reserve into ‘Slush Fund for the Green New Deal’ after Biden Drained It
On Wednesday’s broadcast of the Fox Business Network’s “Fox Business Tonight,” Rep. Kevin Brady (R-TX) discussed the Buy Low and Sell High Act introduced by House Democrats and stated that after President Joe Biden drained the Strategic Petroleum Reserve to a
Germany’s Lockdown Loving Chancellor Tests Positive for Coronavirus
German Chancellor Olaf Scholz has tested positive for the coronavirus, his spokesman told the news agency dpa on Monday.
India Says It Takes No Sides in Ukraine Conflict at U.N., Despite Purchasing Russian Oil
Indian Minister of External Affairs Subrahmanyam Jaishankar said at the United Nations on Saturday that his nation would not take sides in the Ukraine conflict following months of criticism for purchasing large amounts of Russian oil.
‘Just Good Common Sense’: UK Confirms it Will Lift Fracking Ban in England
The UK government has removed a ban on the use of fracking in England, with the country’s Energy Secretary telling the house of commons that the move is “just good common sense”.
Jamie Dimon Says Stopping Oil and Gas Funding Would Be ‘Road to Hell for America’
Finally, a financial executive pushes back against the left’s demands to blackball fossil fuel producers.
Libya at the U.N.: A Divided Nation Struggles Through ‘a Decade of Suffering and Hope’
Mohamed Yunus al-Menfi, head of the Presidency Council that administers the internationally-recognized LIbyan government, told the U.N. General Assembly on Wednesday that his country remains fractured a decade after former U.S. President Barack Obama’s invasion, with constant threats of factional violence.
Colombia’s Ex-Guerrilla President Offers Passionate Defense of Cocaine at U.N.
Colombian President Gustavo Petro devoted much of his speech to the U.N. General Assembly on Tuesday to call for an end to the United States’s “war on drugs” while denouncing the consumption of “poisonous” coal and oil.
Exclusive: Washington Republican Tiffany Smiley Calls for Energy Independence, Forest Management
Republican Washington state U.S. Senate candidate Tiffany Smiley is calling for a return to American energy independence, according to her energy and environment policy proposal obtained exclusively by Breitbart News.
OPEC Head Praises Dictator Maduro’s ‘Inspiring Leadership’ on Venezuela Trip
The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, traveled to Venezuela on Tuesday to meet with socialist dictator Nicolás Maduro, touting the “key role” of Venezuelan oil in the international market.
Huff: Iraq’s Political Crisis Threatens Further Chaos for Global Oil Prices
IRAQ – For President Joe Biden, a renewed Middle East crisis lurks just as the Afghan withdrawal debacle enters the rearview mirror and record-high gas prices continue to retreat.
Exclusive Rep. Jeff Duncan Ad — GOP Can’t Let the Leftist Globalists Divide Us on Energy Policy
Republicans cannot allow Democrats to divide them on important issues such as energy policy, Jeff Duncan exhorted in an exclusive ad released Tuesday, reminding his colleagues that the right side has the “winning strategy.”
Dem Rep. Sherman: You Still Have 8-Hour Window to Charge EVs — CA Gas Car Ban Means We Can Export Oil ‘if We Produce’ It
On Friday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Brad Sherman (D-CA) said that electric vehicles in California can still be charged for eight hours a day and argued California’s recent ban on the sale of new gas-powered vehicles by 2035
NBC’s Velshi: ‘Russia Can Continue to Survive’ as Long as China, India Buy Their Fuel
On Thursday’s edition of NPR’s “Here and Now,” MSNBC host and NBC Business Correspondent Ali Velshi discussed price caps on Russian oil and said that regardless of whether there’s a cap, if China and India keep buying fuel from Russia,
Coronavirus Lockdowns Extended in China, Stoking Global Recession Fears
The Chinese mega-city of Chengdu extended its week-long coronavirus lockdown on Thursday, trapping some 16 million of the city’s residents in quarantine indefinitely. Many other Chinese cities remain under lockdown or travel restrictions, making prospects grim for this weekend’s Mid-Autumn Festival, which is usually one of China’s biggest travel, tourism, and shopping holidays.
New UK PM Truss Announces Energy Bill Price Freeze, End of Fracking Ban, New Oil Drilling Licences
Prime Minister Liz Truss has announced a freeze on energy bills, an end to the ban on fracking for shale gas, and new licences to drill oil in the North Sea.
Deputy Treasury Sec’y: Oil Price Cap Puts China ‘in a Better Position to Negotiate Lower Prices’ for Russian Oil
On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” Deputy Treasury Secretary Wally Adeyemo stated that the price cap on Russian oil will help countries like China that are still buying Russian oil and not taking part in the price cap
Russian Oil Exec Critical of Ukraine Invasion Dies After ‘Falling from Hospital Window’
67-year old Ravil Maganov, vice-president of Russia’s second-largest oil company Lukoil, reportedly died on Thursday morning after falling out of a sixth-floor hospital window in Moscow.
