• The higher price of oil is helping tank the price of natural gas

    Stay with us here — think about chicken parts. Higher demand for white breast meat means an excess of chicken legs.

  • Former Biden Chief of Staff Ron Klain Says Biden Taking Victory Lap While Grocery Prices Are Too High

    President Joe Biden's former chief of staff Ron Klain complained during a recent event that the president was too focused on taking victory laps on infrastructure projects and not doing enough to address voters' immediate concerns, such as the price of groceries, according to a report.

  • Biden administration limits gas and oil drilling in Alaska

    The Interior Department released a new regulation Friday that will affect 13 million acres in Alaska, prohibiting drilling for oil on the land. The Management and Protection of the National Petroleum Reserve in Alaska rule will affect 40% of Alaska’s reserve, as 10.6 million acres will be completely protected by the Bureau of Land Management […]

    • KSBW

    Here's why gas prices are so high in California right now, and when they could come down

    Prices have gone up over the past few weeks as California switches to the summer blend

  • AAA Texas: State gas prices jump 7 cents, Amarillo gas prices fall 3 cents citywide

    Drivers in Texas saw a 7-cent increase in gas prices with an average of $3.29/gallon of regular unleaded fuel however the increase marked a 7-cent decrease when compared to this day last year on Thursday, according to the AAA Texas Weekend Gas Watch.

  • Biden administration moves to restrict oil and gas leases on 13m acres in Alaska

    Environmentalists celebrate new rules but Alaska politicians call it an ‘illegal’ attack on state’s livelihood and predict lawsuitsThe Biden administration said on Friday it will restrict new oil and gas leasing on 13m acres (5.3m hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm.The decision – part of an ongoing, years-long fight over whether and how to develop the vast oil resources in the state –...

  • Ruhle Claims High Gas Prices Are a Russo-Saudi Plot to Elect Trump

    With gas prices on the rise, MSNBC’s Stephanie Ruhle did what comes naturally to her: defending President Joe Biden. On Wednesday’s The 11th Hour Ruhle not only claimed that Biden has nothing to do with high gas prices, but he is being undermined by the Russians and the Saudis who are trying to get Donald Trump elected. Ruhle kicked off the segment by declaring, “We know that inflation is driving Americans crazy. If you are unsure, just call your mother. For many, it is their biggest complaint...

  • Ruhle Claims High Gas Prices Are a Russo-Saudi Plot to Elect Trump

    With gas prices on the rise, MSNBC’s Stephanie Ruhle did what comes naturally to her: defending President Joe Biden. On Wednesday’s The 11th Hour Ruhle not only claimed that Biden has nothing to do with high gas prices, but he is being undermined by the Russians and the Saudis who are trying to get Donald Trump elected. Ruhle kicked off the segment by declaring, “We know that inflation is driving Americans crazy. If you are unsure, just call your mother. For many, it is their biggest complaint...

  • Texas Nat Gas Prices Turn Negative As Drillers Chase Oil Sales

    Texas Nat Gas Prices Turn Negative As Drillers Chase Oil Sales Nat gas prices at the Waha hub in the Permian basin in Texas slumped to a negative price of -$2.00 per million British thermal units (MMBtu) this week as the recent rise in oil prices prompts producers to bring drilled but uncompleted wells online, OilPrice reported. As the U.S. benchmark oil price, West Texas Intermediate, hit $85 per barrel—the highest level in nearly six months, Texas producers keep pumping crude,...

  • Biden ‘doesn’t have the authority’ to limit oil and gas leasing in Alaska: Dan Sullivan

    President Joe Biden “doesn’t have the authority” to restrict new oil and gas leasing on federal petroleum reserves in Alaska, Sen. Dan Sullivan (R-AK) said Sunday in response to the Democratic administration’s environmental protection plan. “Leaders of the North Slope of Alaska were unanimous in opposition to this,” Sullivan said Sunday, adding that Biden was […]

  • Oil and gas firms must pay more to drill on public lands under new Biden rule

    Rule adds stronger requirements for cleaning up wells but does not ban leasing on public lands, as called for by environmentalistsOil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued on Friday by the Biden administration.The interior department’s rule raises royalty rates for oil drilling by one-third, to 16.67%, in accordance with the sweeping 2002 climate law approved by...

  • In Latest Humiliation For Biden Admin, Russian Oil Is Trading Above The G7 Price Cap Everywhere

    In Latest Humiliation For Biden Admin, Russian Oil Is Trading Above The G7 Price Cap Everywhere Back in late 2022, when "Western democracies" bombastically unveiled theatrical sanctions against Putin, capping the price at which imports of Russian oil were permitted to no higher than $60, we said that this was one of the biggest farces in modern history, not only because it was an optical play that was made entirely for public consumption (as nobody in the west actually wanted to...