Energy
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Energy Department to loan out million of barrels of oil from reserves to help bring down oil prices
Oil exchanges, as they are called, allow the DOE to loan out oil to companies who later pay back to the oil with extra barrels, which functions like interest on a loan.
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Trump says temporarily suspending federal gasoline tax 'a great idea'
The federal government's excise tax is about 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel, which generates approximately $500 million per week for construction and repair of roadways, as well as other transit projects.
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Oil prices rise after Trump rejects Iran's proposal to end conflict, as markets seesaw over events
Latest price hike reflects energy prices either going decreased up or down depending upons events that suggest the war will continue or end.
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China directs companies to disregard Trump oil sanctions on Iran, testing US resolve to enforce them
The refineries are in the position of either complying with the Chinese Communist Party's order or complying with U.S. sanctions.
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Scientific review of whale species may deprive activists of weapon against Gulf oil production
The Rice's whales have been a cudgel anti-fossil fuel activists have used to impede oil and gas development in the Gulf of America ever since the whales were identified as a distinct species in 2021. New research suggests they're not a distinct species, meaning that if they're not, they are not part of an endangered population.
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Oil prices plunge amid report US, Iran conflict will end soon
The sudden change comes after gas prices rose Monday to a national average of nearly $4.50 a gallon.
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Chevron CEO forecasts oil-supply shortages that will begin constracting economies worldwide
Wirth said economies will begin shrinking, starting with Asia and then Europe would follow, as demand responds to rising prices. The U.S. would be shielded from the worst of it, he said, but not entirely.
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U.S.-Canada pipeline reviving Keystone XL secures nearly all commitments needed to start building
The companies building the pipeline have secured commitments for nearly 80% of the pipeline's capacity, which is typically the target pipeline companies try to hit before beginning construction.
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Separatist in Alberta, Canada, say they collected enough signatures for vote on secession
Stay Free Canada said it formally submitted 302,000 signatures of the 178,000 names it needs for the measure to get on the ballot. If passed, Alberta would become independent of Canada.
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Average gas prices near $4.50 a gallon as oil prices climb
The American oil price shot up from nearly $102 per barrel on Friday to over $105 per barrel on Monday, despite a plan to help ships traverse the Strait of Hormuz with help from U.S. forces.
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D.C. to install EV charging stations on city lamp posts, utility polls
Voltpost will build the Level 2 chargers, which add about 20 to 30 miles of range per hour of charging, on utility poles and lamp posts near city-owned locations
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UAE exit from OPEC just latest blow to cartel, whose global might was already undermined by US oil
The United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries (OPEC) is part of a decade-long exodus from the cartel as it loses its control over global energy prices.
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New York risks blackouts this summer as climate-focused grid struggles, state grid operator says
The state's reliability margin has declined almost 80% since 2022. In 2019, the state committed to powering its full grid primarily with intermittent generators by 2040.