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Energy Secretary Jennifer Granholm was asked what the Biden administration plan was to increase U.S. oil production. Her response is exactly what you might believe it would be from a thoroughly incompetent ideological administration. So what can a U.S. President and administration specifically do? We have abundant U.S. energy resources. Quite literally the strongest in the entire world. * Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized. * Finish the Dakota access pipeline. * Reapprove the preexisting energy leases in New Mexico, Arizona, NE Atlantic...

Duke Energy Corporation warned Thursday that coal and natural gas supplies would be tight this winter, resulting in higher power prices for customers. Duke operates a diverse mix of power plants – including coal, hydro, natural gas, nuclear, solar, and wind – and battery storage facilities across several regions and states, including the Carolinas, Florida, and Midwest. Duke Energy CFO Steve Young said coal and natural gas prices are the highest since 2014, and these two essential commodities are in short supply. "It's been a while," since we've seen commodity prices like this."The winter of 2014, we had a very...

In the world we live in today, energy is required for almost everything. From powering your car to keeping the lights on in your home, energy is needed not only for your daily needs but also for producing everything that humans consume. As the population soars unsustainably, so does the energy demand. The demand in global energy consumption is expected to grow significantly in the coming decades, let’s look at some figures. With the global population expected to increase by 2 billion in the next two decades, electricity generation is estimated to increase by almost 49 per cent by the...

Cuomo fires back at sheriff, AG James over criminal charges 'At 38,000 feet, we are all you have' - flight attendants are fed up with a growing… President Biden said during a meeting with top German leaders on Saturday that Russia cannot be able to manipulate natural gas for political purposes. iden met with German Chancellor Angela Merkel and Vice Chancellor Olaf Scholz at the Group of 20 summit in Rome on Saturday and emphasized the importance of working to implement the U.S.-Germany Joint Statement on Support for Ukraine and European Energy Security in an effort to "ensure that Russia...

The Biden administration’s policies are hindering U.S. oil and gas companies from producing energy commodities, driving up the price which in turn results in consumers paying more, according to Jerry Simmons, the president of the Domestic Energy Producer Alliance (DEPA). DEPA is a nationwide collaboration of 39 coalition associations representing individuals and companies who engage in domestic onshore oil and natural gas exploration and production. The coalition represents 80 percent of businesses in the United States that are not multi-national and aims to find common-sense solutions to issues that face the industry—including its relationship with the federal government—particularly in light...

The energy shortage is severe enough that it could cause a lot of unhappiness and social unrest, said Blackstone CEO, Stephen Schwarzman. Benchmark US oil futures are around $85 a barrel after surging about 75% year-to-date. Oil could rise to $100 a barrel, said BlackRock CEO Larry Fink. The global energy crisis is severe enough that it could fuel social unrest, said the CEO of asset management company Blackstone on Monday. Stephen Schwarzman was speaking at the Future Investment Initiative conference in Saudi Arabia. Schwarzman, who is also co-founder of the investment firm, said: "We're going to end up with...

Greenhouse gases in the atmosphere hit a record high last year despite temporary declines during the pandemic. Greenhouse gas concentrations grew at a faster pace than the annual average from 2011 through 2020, according to the World Meteorological Organization's (WMO) Greenhouse Gas Bulletin published Monday. Specifically, levels of carbon dioxide, the most important greenhouse gas, surged to 149 percent of the pre-industrial level or the levels before 1750, when humans “started disrupting Earth’s natural equilibrium.”

A local news station reports that regular unleaded gasoline costs $7.59 per gallon, while premium gas costs $8.50 per gallon. A s prices for commodities continue to increase across the country, one California town is seeing gas prices above $7 per gallon. According to KFSN, the only gas station in the remote central coast town of Gorda boasts the nation's highest gas prices. The local news station reports that regular unleaded gasoline costs $7.59 per gallon, while premium gas costs $8.50 per gallon. This town has been home to the nation's highest gas prices for quite some time, and the...

I wrote earlier about rising prices concerning most Americans. 87% are worried about it, according to a new Fox survey, a significant number.One of the things that people are most worried about is rising gas prices. A massive number — 84% — say that’s a problem for their families, with 50% saying it’s a “major” problem. Virtually everyone — 94% — thought such rising gas prices a problem for the country’s economy including 67% calling it a “major” problem.Prices are up all over the country, but today they hit a truly unbelievable number in Gorda, California — $7.59 for a...

GORDA, Calif. (KABC) -- Gas keeps getting more and more expensive, especially in California. But perhaps nowhere is it pricier than the remote central coast community of Gorda. The town's only gas station is offering regular unleaded for $7.59. Premium is nearly $8.50. BUSINESS Gas hits $7.59 a gallon in CA town Thursday, October 21, 2021 1:29PM EMBED <>MORE VIDEOS A former Marine took matters into his own hands when he disarmed a robber at a gas station in Arizona and even helped detain him until deputies got to the scene. GORDA, Calif. (KABC) -- Gas keeps getting more and...

Democrats plan 'raft of taxes, charges, and levies' on energy industry In late 1973, an Arab-led oil embargo on several Western countries sent gas prices soaring, forcing Americans to ration their time behind the wheel. To conserve gasoline, a newly minted senator from Delaware voted in favor of capping the nation’s speed limit at 55 mph. Almost 50 years later, Joe Biden is overseeing a petroleum price crisis of his own making through his self-proclaimed “clean energy revolution.” As consumers face soaring gas prices, President Biden needs to pump the breaks on his punishing policies. According to the AAA, the...

The Producer Price Index (PPI) – which measures prices that businesses receive for their goods and services – surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.

White House officials have reportedly been in touch with representatives from major U.S. oil and gas companies about how to bring down prices in the U.S., Reuters reported Wednesday. The Biden administration has been in touch with industry representatives after crude oil hit a seven-year high of $80 this week, according to Reuters, citing two sources with knowledge of the conversations. The reported conversations occurred days after oil prices in the U.S. hit $81.50 a barrel, the first time since October 2014 that U.S. crude closed at more than $80.

The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter. Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation’s peak reached in 2019. “We are closely monitoring the cost of oil and...

Russian President Vladimir Putin on Wednesday said the U.S. is partly to blame for the gas shortages Europe is currently facing. Putin, during an interview with CNBC at the annual Russian Energy Week, said that while European countries bear part of the blame for the gas shortages, the U.S.’s decrease in supplies has been “the cause of panic.” “You see the problem does not consist in us, it consists in the European side, because, first, we know that the wind farms did not work during summer because of the weather, everyone knows that. Moreover, the Europeans did not pump enough...

* U.S. natural gas prices do have more room to rise, but they are unlikely to follow the skyrocketing rallies of the European and UK gas prices. * The United States has a fairly adequate natural gas supply in storage ahead of the winter. * The United States simply has not had to rely on the rest of the world to provide its energy supply, and that’s really what Europe’s problem has been. Join Our CommunityU.S. natural gas prices hit a 13-year high last week as the energy crunch in Europe and Asia pushed the prices in these two regions...

More industry leaders have warned that factories could close this winter as soaring energy costs eat into profitability. They said the production of items and materials ranging from toys, clothes, chocolate, paper, glass, lime, cement, ceramics and chemicals is on the line. A worst-case scenario could see steel plants close for good. The business secretary Kwasi Kwarteng met with representatives of energy-intensive trades who said electricity costs were up five times on normal levels. Taking aim afterwards, UK Steel’s Gareth Stace said the government has done ‘nothing’ to alleviate the crisis. By contrast, he claimed several European governments were investing...

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped 6 cents over the past two weeks, to $3.31 per gallon. That’s $1.07 more than a year ago. Industry analyst Trilby Lundberg said Sunday the rise comes as the cost of crude oil increases and demand goes up in Europe, where refineries are switching from burning gas to oil-based fuels. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.55 per gallon. The lowest average is in Houston, at $2.77 per gallon. According to the survey, the average price of diesel...

California will outlaw the sale of new gas-powered lawnmowers, leaf blowers and chainsaws as early as 2024 under a new law signed by Gov. Gavin Newsom on Saturday. The law requires all newly sold small-motor equipment primarily used for landscaping to be zero-emissions — essentially to be battery operated or plug-in - by that target date or as soon as the California Air Resources Board determined it is feasible. New portable gas-powered generators also must be zero-emissions by 2028, which also could be delayed at the discretion of the state agency. Machinery with so-called small off-road engines also includes chainsaws,...

The White House said Thursday that the Biden administration is not taking action at this time in response to gasoline prices hitting seven-year highs and elevated crude oil and natural gas prices, adopting a wait-and-see approach while insisting “all tools in the toolbox” remain at the ready. White House Deputy Press Secretary Karine Jean-Pierre made the remarks at an Oct. 7 briefing in response to a question about what steps the administration was taking to keep rising gasoline, natural gas, and oil prices in check. “We continue to monitor global energy market supply, and we’ll work with our agency partners...