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Keyword: energyprices

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  • Smaller Oil And Gas Producers Blast Biden’s Blame Game On High Energy Prices

    03/23/2022 10:13:28 AM PDT · by george76 · 7 replies
    The Federalist. ^ | MARCH 23, 2022 | Tristan Justice
    Earlier this month, already high gas prices sustained throughout the resident’s 14-month tenure reached a new peak at $4.33 a gallon. A coalition of 10 oil and natural gas trade associations representing small- to mid-size producers blasted resident Joe Biden last week for blaming the industry for high energy prices. “Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans,” Biden wrote in a Twitter post highlighting the disconnect between crude oil prices and the price of gasoline, dismissing complexities in the supply chain that cause those prices to come down slower than the cost of...
  • Clueless Biden Considers Killing Another US Pipeline as Oil Crisis Continues

    11/06/2021 9:01:48 PM PDT · by SeekAndFind · 22 replies
    Red State ^ | 11/06/2021 | Mike Miller
    As gas prices continue to skyrocket and the feckless President of the United States continues to blame Russia and OPEC for the U.S. oil shortage he and he alone created — on purpose — on day one of his installation in the Oval Office, by killing the Keystone XL Pipeline.Joe Biden is weighing shutting down another oil pipeline, which would all but guarantee further increased fuel prices in the affected region.Two days ahead of the OPEC+ virtual meeting, US President Joe Biden is pointing fingers: “If you take a look at gas prices and you take a look at oil...
  • White House Putting Pressure on OPEC to Increase Oil Production Amid ‘Supply Issues,’ Rising Energy Prices [ PATHETIC! ]

    10/28/2021 8:21:24 AM PDT · by SeekAndFind · 25 replies
    Epoch Times ^ | 10/27/2021 | Katabella Roberts
    The White House on Tuesday promised to put pressure on members of the Organization of the Petroleum Exporting Countries (OPEC) to increase production amid declining supplies and rising energy prices. Press secretary Jen Psaki told reports at a press briefing that the president is “mindful” of the increased prices consumers are facing when it comes to their energy bills and that he “reserves a range of options,” to combat the situation. Psaki said the administration is focusing on raising its concern with “supply issues as it relates to oil” on the international stage. “There’s a power of the president of...
  • $80 oil is sending the market toward demand destruction, Morgan Stanley says

    10/01/2021 2:06:58 PM PDT · by cutty · 37 replies
    CNBC ^ | SEP 29 2021 | Natasha Turak
    With winter ahead and a gas crunch in Europe, the demand picture appears promising. But demand destruction could be imminent as prices climb higher, some experts are warning. Higher energy prices will also fuel even higher inflation, which poses a significant threat to demand. The current energy market picture is looking good for oil bulls. International benchmark Brent crude passed the long-anticipated threshold of $80 per barrel on Tuesday, though it’s since slipped back down to trade at $78.47 as of Wednesday at 10:30 a.m. in London. West Texas Intermediate was trading at $74.73 per barrel around the same time....
  • Soaring Energy Costs Push Eurozone Inflation to Highest Level in 13 Years

    10/01/2021 11:31:58 AM PDT · by MNJohnnie · 5 replies
    The Epoch Times ^ | 10-01-21 | Tom Ozimek
    Inflation in the 19 European countries that share the euro hit a 13-year high, challenging the European Central Bank’s (ECB) view that price pressures are largely benign and will soon fade. Consumer price inflation in the eurozone accelerated to 3.4 percent over the year in September, up from 3 percent a month earlier and 2.2 percent the month before that, according to Oct. 1 data (pdf) from Eurostat, the European Union’s statisics agency. That’s the highest reading since September 2008 and slightly ahead of analyst forecasts of 3.3 percent. A surge in energy costs was behind the bulk of the...
  • Europe’s Natural Gas Shortage Could See Rest of World Paying Larger Heating Bills This Winter: Experts

    09/14/2021 9:23:10 PM PDT · by SeekAndFind · 24 replies
    Epoch Times ^ | 09/14/2021 | Katabella Roberts
    Europe’s record low supply of natural gas could see the rest of the world paying larger heating bills in an effort to stay warm this winter, experts warn.Natural gas prices have risen more than 35 percent in the past month amid lower supplies and a surge in demand as pandemic-hit economies around the world reopen, prompting fears that there is simply not enough gas stored up for the winter if temperatures were to be particularly cold in the northern hemisphere.Some experts are now pointing to Europe, where supply is at 16 percent below the five-year average, a record low for...
  • Europe’s High Energy Prices Are Just The Beginning

    09/09/2021 1:08:06 PM PDT · by george76 · 9 replies
    Oil price ^ | Sep 06, 2021, | Julianne Geiger -
    European energy prices might be at record levels, but there is still room for prices to run... Of course, natural gas prices are soaring everywhere—not just in Europe. The U.S. benchmark price for natural gas has nearly doubled over the last year, ... U.S. gas exports are soaring more, hitting all-time records. ... Germany is battling the highest inflation since 2008, thanks to higher energy prices. Typically, demand for natural gas this time of year is still low. Today’s high prices, at a time when demand is typically low, are worrisome for Europe, which is now looking at a difficult...
  • California's Energy Regulations Hurt the Poor, While 'Green' Subsidies Benefit the Rich

    07/10/2020 11:04:29 AM PDT · by george76 · 5 replies
    Reason Foundation ^ | July.10., 2020 | STEVEN GREENHUT
    Incentive programs for electric cars and solar panels mostly benefit those who can afford those things, while regulations that drive up the cost of energy hurt those who can't afford much to begin with. ... a growing rift on in the environmental world between those who favor the state's far-reaching "green" policies—and those who want to hector us to use less energy. "Wealth is a prominent driver of demand for residential energy, ... a constant theme from the environmental community when it comes to every resource-related policy debate, from electricity production to fossil fuels to water availability. Activists talk about...
  • Obama’s Energy nominee: We need carbon tax to double or triple energy cost

    03/25/2013 2:34:34 PM PDT · by Nachum · 36 replies
    Examiner ^ | 3/25/13 | Joel Gehrke
    President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most. “Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few...
  • New England electricity prices 47% higher last month than national average

    03/06/2017 12:36:45 PM PST · by george76 · 28 replies
    Mass Live ^ | January 18, 2017 | Jim Kinney
    Households in New England paid electricity prices last month that were 47 percent higher than the national average.. Consumer energy information released by the Bureau of Labor Statistics for its Boston region showed the area's households paid an average of 19.5 cents per kilowatt hour for electricity, compared to the national average of 13.3 cents. The region includes Hampden and Worcester counties as well as Greater Boston and parts of New Hampshire, Connecticut and Maine. The figures came out one day after energy utility Eversource proposed a 10 percent increase in its electricity distribution rates beginning early next year. The...
  • Obama to Crush Middle Class-New Program Will Force Energy Prices To Necessarily SkyRocket (VIDEO)

    08/02/2015 7:31:45 AM PDT · by conservativejoy · 41 replies
    http://www.thegatewaypundit.com ^ | 8/2/2015 | Jim Hoft
    We were warned… In January 2008 Barack Obama told the San Francisco Chronicle: “ “Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.” He promised that his plan would cause electricity rates to skyrocket. He wasn’t kidding. Now this… Obama announced his new energy plan on Saturday that will squeeze energy companies and force consumer prices to necessarily skyrocket. Energy prices have risen 38 percent so far since 2001 thanks to Barack Obama’s progressive and anti-business agenda....
  • As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry

    04/04/2015 8:28:04 AM PDT · by rktman · 63 replies
    nytimes.com ^ | 4/3/2015 | RICHARD A. OPPEL Jr. and MICHAEL WINES
    Many scientists disagree. They say those quakes, and thousands of others before and since, are mainly the work of humans, caused by wells used to bury vast amounts of wastewater from oil and gas exploration deep in the earth near fault zones. And they warn that continuing to entomb such huge quantities risks more dangerous tremors — if not here, then elsewhere in the state’s sprawling well fields.
  • EPA Rules To Force 85 Coal-Fired Generators To Close By The End Of This Year

    03/13/2015 2:41:44 AM PDT · by lowbridge · 45 replies
    dailycaller.com ^ | march 10, 2015 | Michael Bastasch
    Energy companies are preparing to shut down nearly 16 gigawatts of power by the end of this year as the deadline for compliance with new federal environmental regulations looms. In total, some 85 coal-fired generating units at 36 locations are expected to close in the coming months in part because of Environmental Protection Agency regulations. The largest set of retirements is set for June, when electricity demand starts to peak as Americans turn on their air conditioners for the summer. Most of these retirements will come from coal-fired power plants in Appalachia. “We are currently showing nearly 300 GW of...
  • Here's one campaign promise that Obama has (unfortunately) kept

    10/23/2014 4:46:42 AM PDT · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 10/22/2014 | IBD Staff
    In early 2008, candidate Obama told the San Francisco Chronicle that "under my plan ... electricity rates would necessarily skyrocket." Obama was referring to his plan to cap greenhouse-gas emissions, which would, among other things, effectively choke off coal as an energy source. He was just as fond of high gasoline prices, telling CNBC in June 2008 — as gas prices shot up to $4 a gallon — that he "would have preferred a gradual adjustment." Six years later, and Obama has succeeded.
  • Survey: 1 in 3 Seniors Went Without Medical Care Due to High Energy Prices

    10/10/2014 7:45:40 PM PDT · by Olog-hai · 29 replies
    Cybercast News Service ^ | October 10, 2014 - 11:39 AM | Ali Meyer
    More than one in three low-income seniors, or 41 percent, has already gone without medical or dental care because of high energy bills, according to a survey included in a newly released report. And things will only get worse for seniors, says the 60 Plus Association, as states scramble to comply with the Environmental Protection Agency's carbon-reduction rules. […] For example, because of high energy prices, 41 percent of seniors went without medical or dental care, 30 percent of seniors went without food for at least a day, 33 percent did not fill a prescription or took less than their...
  • Egypt premier defends steep rise in energy prices

    07/05/2014 11:00:50 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Jul 5, 2014 12:34 PM EDT | Mariam Rizk
    Egypt’s prime minister on Saturday defended his government’s decision to introduce a steep rise in fuel prices, saying energy subsidies have over the past decade cost the treasury a staggering E£687 billion (nearly $100 billion) that could have been used to bolster essential services. The fuel price hikes of up to 80 percent came into force early on Saturday and follow promises to cut subsidies that eat up nearly a quarter of the state budget. They also come after an increase in electricity prices that were put in effect at the start of July. Prime Minister Ibrahim Mahlab, addressing a...
  • Obama Set To Announce Historic Climate Change Plan, With New Regulation Of Power Plants

    06/25/2013 5:58:50 AM PDT · by GlockThe Vote · 73 replies
    BI ^ | 6/25/2013 | Josh Lederman
    WASHINGTON (AP) — Taking climate change efforts into his own hands, President Barack Obama is proposing sweeping steps to limit heat-trapping pollution from coal-fired power plants and to boost renewable energy production on federal property. Obama, in a speech Tuesday at Georgetown University, was to announce he's issuing a presidential memorandum to launch the first-ever federal regulations on carbon dioxide emitted by existing power plants, moving to curb the gases blamed for global warming despite adamant opposition from Republicans and some energy producers.
  • EPA Planning Scorched Earth Assault on Coal

    11/05/2012 6:00:29 AM PST · by varmintman · 43 replies
    The Examiner ^ | Conn Carroll
    President Obama’s Environmental Protection Agency has devoted an unprecedented number of bureaucrats to finalizing new anti-coal regulations that are set to be released at the end of November, according to a source inside the EPA. More than 50 EPA staff are now crashing to finish greenhouse gas emission standards that would essentially ban all construction of new coal-fired power plants. Never before have so many EPA resources been devoted to a single regulation. The independent and non-partisan Manhattan Institute estimates that the EPA’s greenhouse gas coal regulation will cost the U.S. economy $700 billion. The rush is a major sign...
  • EPA holds 12-hour hearings with environmentalists to slow coal production

    05/24/2012 8:58:33 PM PDT · by Nachum · 16 replies
    The Daily Caller ^ | 5/24/12 | Josh Peterson
    The Environmental Protection Agency held 12 hours of stacked hearings in Washington, D.C. and Chicago on Thursday in favor of a regulation that analysts have concluded would kill the building of new conventional coal plants in the U.S. Among the participants scheduled to testify in consecutive five minute blocks throughout the day were multiple representatives from the National Association for the Advancement of Colored People and environmental activists from the Sierra Club, the Environmental Defense Fund, the Natural Resources Defense Council and Greenpeace. The proposed rule, reported by The Washington Post in March, limits the amount of greenhouse gases emitted...
  • Most Albertson's In Central Fla. To Close

    04/13/2012 10:42:17 AM PDT · by sheikdetailfeather · 28 replies
    ORLANDO, Fla. -- A Central Florida supermarket chain is about to close almost all of its local stores. It's part of a move by Albertson's to end the majority of its operations in the state. For the last year or so, Albertson's has been shrinking the number of stores it operates in Florida. In Central Florida, six more stores are going to close in the next few weeks. Only a store in Altamonte Springs will remain open. Albertson's says the Florida market is not good for it, and with fuel and utility costs being what they are, it's closing all...