Larry Summers, a former Treasury Secretary under President Bill Clinton, warns that the U.S. government has made a mistake by taking a hostile approach toward fossil fuels. “We made a mistake by canceling the Keystone pipeline. We made a mistake by slowing down all kinds of permitting activity. We made a mistake by being hostile…
Ex-Treasury Secretary Blasts ‘Hostile’ Fossil Fuel Policies: ‘We Made a Mistake’
October 10, 2022
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In Canada’s Oilpatch, Minimal Drilling Despite High Prices
Although companies and provincial royalties are poised to break records, high oil prices have inspired only moderate enthusiasm in Canada’s oilpatch, and new drilling will be minimal. ARC Energy Research Institute estimates that for the Edmonton Par oil benchmark, the average price of a barrel will be $122.64 this year—nearly twice the average price of…
Get ‘Original Glazed Doughnuts’ for the Price of a ‘Gallon of Gas’ at Krispy Kreme
April 13, 2022
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Multinational doughnut company and coffeehouse chain Krispy Kreme has announced a new offer where a dozen Original Glazed Doughnuts in the United States will be priced equivalent to the price of a gallon of gasoline. The offer, which begins on April 13 and ends May 4, will be available on Wednesdays at participating stores. The…
Oil Reserve Release ‘A Drop in the Ocean,’ Symbolic Gesture Has Minimal Effect on Price: Goldman Sachs
November 24, 2021
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A coordinated global release of oil reserves led by the United States, resulting in 70–80 million barrels of additional crude supply, fell short of the amount markets were pricing in, and according to Goldman Sachs has turned out to be little more than a symbolic gesture as global oil prices rebounded to a one-week high…
Biden Policies Will Cause Cost of Heating to Spike, Republicans Warn
October 28, 2021
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House Republican Whip Steve Scalise (R-La.) said Democrats’ energy policies, including the proposed natural gas tax, will add to the already rising cost of energy, which will be especially obvious in increased heating costs this winter. Scalise led a discussion about the “Heat Your Home” tax, or the methane/natural gas tax, and the Clean Electricity…
68 GOP House Members Urge Biden to Reinstate Sanctions on Russian Nord Stream 2 Pipeline
June 8, 2021
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A top Republican member of the House Energy and Commerce Committee led 67 GOP colleagues to communicate their opposition to President Joe Biden’s waiving sanctions on the Russian pipeline project at the expense of U.S. energy. Rep. Cathy McMorris Rodgers (R-Wash.), Select Climate Committee Ranking Member Garret Graves (R-La), and Rep. Andy Barr (R-Ky.) sent a letter to…
U.S. Oil Comprised 77 Percent of Canada’s Foreign Oil Imports Last Year: Regulator
WASHINGTON—Canada is growing ever more reliant on imported American oil, a new report from the country’s energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence. The United States provided nearly four out of every five barrels of imported crude in 2020, a year when global demand for…
South Dakota Governor Calls Biden’s Abrupt Termination of Keystone Pipeline ‘Dangerous’
February 17, 2021
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South Dakota Gov. Kristi Noem said that President Joe Biden’s recent executive decision to end the Keystone XL Pipeline project has not only hurt her state’s economy but is dangerous for America’s energy independence, adding that she would like to see the Biden administration prioritize all-of-the-above energy policy. “I’ve always been a supporter of diversified…
Republican Senator: Cancelling Keystone Means Oil Goes to China, Other Countries, or Less Safe Rail
Sen. Mike Rounds (R-S.D.) criticized President Joe Biden’s revocation of the permit for the Keystone XL pipeline in an interview aired on Saturday, saying that the oil which would have traveled through the pipeline will go to China or another country or be shipped to the United States by rail, which Rounds said is less…
Republican Senator: Canceling Keystone XL Means Oil Goes to China, Other Countries, or Less Safe Rail
Sen. Mike Rounds (R-S.D.) criticized President Joe Biden’s revocation of the permit for the Keystone XL pipeline, saying the oil that would have traveled through the pipeline will go to China or another country or be shipped to the United States by rail, which Rounds said is less safe. “Look, they’re going to pump the…
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