The Biden administration lacks an understanding of how the energy industry works, and its recent statement regarding 9,000 approved drilling permits reflects as such, said Rep. Garret Graves (R-La.). According to White House press secretary Jen Psaki in a March 7 press briefing, it’s inaccurate to say the Biden administration is not allowing companies to drill….
Drilling Permits Don’t Equal Oil Production: Rep. Garret Graves
March 12, 2022
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Alberta to Halt Fuel Tax Collection, Offer $150 Electricity Rebate
March 8, 2022
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Alberta Premier Jason KenneyBusiness & EconomyCanadacarbon taxelectricity billsgas priceinflationWorld
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The Alberta government will suspend fuel tax collection in April and grant a rebate of $150 on Albertans’ electricity bills as energy costs continue to climb. In a press conference on March 7, Premier Jason Kenney attributed rising energy costs to uncertainty caused by Russia’s invasion of Ukraine, and skyrocketing inflation spurred by Prime Minister…
Gas Prices Skyrocket in Los Angeles
The price of gasoline in Los Angeles County rose to a record average price of $5.42 on March 7, according to the Automobile Club of Southern California. As the conflict between Russia and Ukraine continues, crude prices rose to record highs in the United States, making California the nation’s most expensive market for gasoline, followed…
To Reduce Rocketing Gas Prices, Suspend the Jones Act
Commentary You’ve probably never heard of something as innocent-sounding as the century-old protectionist law called the Jones Act. It was passed as a national security measure in 1920 and prohibits foreign ships from transporting goods and services in American waters. The world’s a lot different place today than it was 100 years ago, and the…
America’s Emerging Energy Crisis
March 4, 2022
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Commentary The warning signs are everywhere. We are stumbling toward an energy crisis that is likely to be far more severe and long-lasting than the upheavals of the 1970s. And no, this isn’t about Russia or Ukraine. This is about the perilous state of the U.S. electricity grid. If action isn’t taken soon to address the unraveling…
European Gas Prices Touch New Highs as Russia Supply Fears Grow
LONDON—European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said EU sanctions against Russia could target gas shipments, while some cargos of Russian liquefied gas changed course. Britain on Monday ordered Russian-associated vessels be blocked from its ports while officials from some European Union countries have said…
California Should Take Action to Reduce Gas Prices
February 25, 2022
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Commentary Ouch. I just filled up my creaking 2010 Camry for $4.54 a gallon at an Arco in Orange. The 14.89 gallons came to $67.60. I keep track of my gas expenses on an Excel spreadsheet. Looking back to January 2021, a week before Joe Biden was inaugurated as president, I paid $2.84 a gallon…
Capitol Report (Nov. 24): Thanksgiving Is a Time to Reflect on Life’s Blessings
Thanksgiving is just one day away, and President Joe Biden and the first lady are ready for the holidays! With the holiday season and Thanksgiving upon us, we go beyond the turkey and the football games to remember what the holiday of Thanksgiving is truly about. We also get some advice on how to handle…
NTD Business Full Broadcast (Nov. 23)
President Biden, releasing oil reserves — in a bid to lower gas prices. What are Republicans suggesting? We have analysis. Thanksgiving is coming soon. If you have trouble to find your favorite wine or spirit, lack of glass bottles may be the reason. Apple and Amazon fined by Italy for hundreds of million of dollars,…
Average LA County Gas Price One-Tenth of a Cent From Record High
November 22, 2021
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LOS ANGELES—The average price of a gallon of self-serve regular gasoline in Los Angeles County moved within one-tenth of a cent of its record high Nov. 22, increasing three-tenths of a cent to $4.704. The record price is $4.705, set Oct. 9, 2012. The average price has increased 13 consecutive days and 15 of the…
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