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U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies and asked the Federal Trade Commission to dig deeper into possible anti-competitive or “illegal conduct” in the market. Biden in August already asked the FTC to investigate possible illegal conduct causing the spike in gas prices, but said further action was needed since prices had continued to rise at the pump. “I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,” Biden said in a letter to FTC Chair Lina Khan on Wednesday....

It brings to 21 the number of UK suppliers that have gone bust since the start of September after the price of buying gas on the wholesale market surged. More than two million customers have been affected. The gas market spike has left companies, some of whom did not "hedge" or insure themselves against such fluctuations, having to buy energy at elevated levels while being contracted to sell it much more cheaply to their customers.

Fuel prices are one of the major causes of the Biden inflation surge that is reducing the spending power of Americans. The price of crude oil has surged 104% over the past year, and gasoline prices have increased by over 60%. This means that people are not only paying more for their personal fuel needs, but also for other items they need to buy that require energy to manufacture and/or transport—which is basically everything.The Biden Administration has been begging OPEC+ nations to up their oil production, hoping they will increase the market supply and lower prices. But the oil-producing cartel...

If you look at the prices, they're rising across the board. I'm especially concerned about the energy price increases, the price of coal, the price of natural gas, the price of gasoline at the pump and oil are rising. We're, I think, about $84 a barrel now on oil. And I've got to tell your audience this is not some kind of natural event – this is a specific policy designed by the Biden administration to produce less oil and gas. … When you reduce the supply of something like we're doing because we're reducing production – we're 2 million...

Germany's energy regulator said Tuesday it was temporarily halting the approval process for the controversial Nord Stream 2 gas pipeline between Russia and Germany, saying the operating company first needs to become compliant with German law.

The Biden administration is preparing to sell off more than 80 million acres of the Gulf of Mexico to oil and gas drilling companies in the largest federal offshore drilling auction in U.S. history—less than a week after the UN climate change conference COP26, where nearly 200 nations promised to reduce fossil fuel emissions. The annual Gulf of Mexico lease sale is planned for November 17 in New Orleans. The 80 million acres on sale is expected to produce around 1.12 billion barrels of oil and 4.2 cubic feet of natural gas over the next 50 years. The controversial auction...

Retired Lt. Gen. Ben Hodges, who led U.S. Army Europe until 2017, said he believes Russia's actions over the last year, including the troop buildup along the Ukrainian border in March and alleged involvement in fostering a migrant crisis at the Polish-Belarusian border, are strategic in nature."This is part of an ongoing process to undermine Ukrainian government, to present Ukraine to the West as a failed state so that there is no further effort to integrate Ukraine into the West, into the EU ... or NATO," Hodges said.Russia is being further emboldened by the European Union's failure to apply more...

On Saturday’s broadcast of MSNBC’s “Velshi,” Sen. Mazie Hirono (D-HI) said she agrees with the notion that people don’t care about gas prices if they can’t afford child care so they can work. Guest host Maria Teresa Kumar said, “One of the things that we saw was a historic infrastructure bill that passed that’s going to alleviate, not just our roads and clean water, but has implications for a brighter future when it comes to climate energy and so on and so forth. However, now, the second part of this plan, the human infrastructure, the one that will build back...

Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible. Major petrochemicals—including ethylene, propylene, acetylene, benzene, and toluene, as well as natural gas constituents like methane, propane, and ethane—are the feedstock chemicals for the production of many of the items we use and depend on every day. Modern life relies on the availability of these products that are made in the United States and across the globe. We zero in on some of these common household and commercial products below. The list may surprise you!

Video has emerged of President Joe Biden's nominee to lead the Office of the Comptroller of the Currency, Saule Omarova, saying she wants oil and gas companies to go 'bankrupt.' 'We want them to go bankrupt if we want to tackle climate change, right?' the Soviet-born Omarova said in a clip that was shared online by the conservative-leaning American Accountability Foundation. She made the comments in February when appearing at the Jain Family Institute's Social Wealth Seminar, where she was making the case for a National Investment Authority, which would pull resources from the Treasury Department and the Federal Reserve...

SNIP “Because of the strength of our economic recovery, American families have been able to buy more products. And – but guess what? They’re not going out to dinner and lunch, and going to local bars because of Covid. So what are they doing? They’re staying home and ordering online or buying product. Well, what more people with money buying product and less product to buy, what happens? The supply chain’s the reason. The answer is you guys, and I’ll get to that in a minute, but what happens? Prices go up,” the president said. “People have a little more...

World leaders are currently meeting at the 2021 United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland to review the progress that has been made since the 2015 Paris Climate Accords and negotiate new, more ambitious goals for the future. On Wednesday, six major automakers—including Ford, General Motors, and Mercedes-Benz—and 30 national governments signed a pledge to stop sales of new gas and diesel vehicles by 2040 globally, and by 2035 in “leading markets.” However, the governments of three of the most significant car markets—the United States, China, and Japan—refrained from joining the pledge, as did major...

Yes, our coal, gas, oil and electrical industries are our core energy infrastructure and along with transportation are absolutely vital to our economy and our national security. Yet we have an entire political party of corrupt Marxist globalists who are actively and openly planning the deliberate sabotage, destruction and ultimate bankruptcy of the entire sector. Hell, they brag about it. The out of control lawless federal government has no business trying to deliberately sabotage and deprive the operators and investors in these long established and critically necessary industries of their constitutional rights to operate in a free market economy. And...

President Joe Biden marveled at the high cost of gas on Wednesday, without offering any solutions for lowering prices. “Did you ever think you’d be paying this much for a gallon of gas?” Biden said. “In some parts of California, they’re paying $4.50 a gallon.”

The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) is issuing a final rule that expands federal pipeline safety oversight to all onshore gas gathering pipelines. The rule, initiated over 10 years ago, expands the definition of a “regulated” gas gathering pipeline that is more than 50 years old. It will — for the first time — apply federal pipeline safety regulations to tens of thousands of miles of unregulated gas gathering pipelines. The final rule will require pipeline operators to report safety information for all gas gathering lines, representing more than 425,000 additional miles covered by...

The White House has no plans to shut down a disputed Great Lakes pipeline that brings some 500,000 barrels of crude oil from Canada into the U.S. each day, a spokeswoman said Nov. 9.Michigan Gov. Gretchen Whitmer ordered the Line 5 pipeline to be shut down last year.She said the Calgary-based company that operates it, Enbridge, violated an easement granted decades ago to run a section along state-owned land below the straits of Mackinac.Enbridge sued claiming the pipeline is a federal matter.On Oct. 4, Canada backed Enbridge by invoking a 1977 transit pipelines treaty to stall the litigation.White House deputy...

"The Five" slammed the Biden administration Tuesday for being "clueless" and ignoring and downplaying the needs of the American people on rising costs of food, oil, and other necessities due to worsening supply chain bottlenecks and rising inflation. [cut] Geraldo Rivera concluded that the Afghanistan debacle was indicative of a wider trend of the Biden White House – getting things done "a-- backward." "I think Afghanistan is very instructive because in Afghanistan, they had good intentions and they did it a---backward," Rivera said. "Instead of evacuating the civilians first, they evacuated the military [and] civilians [got] stuck … The same...

If you ever needed any proof for your left-wing friends that the current administration or, for that matter, progressives in general care nothing for anyone but themselves, look no further than the latest potential move by the Biden administration to rob Americans of their ability to heat their homes or run their cars this coming winter. The administration (and I use that term loosely) is mulling shutting down an oil pipeline in Michigan as the Midwest moves into the coldest time of the year. I grew up in Ohio and did my undergrad work in Michigan and I can tell...

The national embarrassment in the Oval Office finds new ways to make a mockery of the United States every time he talks to someone. This week, that “someone” happened to be the Duchess of Cornwall. Camilla apparently can’t stop talking about Biden “breaking wind” during a reception on Monday. He is supposed to be committed to reducing emissions – but when President Joe Biden produced a little natural gas of his own at the COP26 summit, it was audible enough to make the Duchess of Cornwall blush. An informed source has told The Mail on Sunday that Camilla was taken...

Biden’s Energy Secretary Jennifer Granholm on Friday laughed when asked about Joe Biden’s plans to bring gas prices down.Biden’s first order of business was to shut down the Keystone XL pipeline.Thousands of pipeline workers lost their jobs and America became a slave to OPEC.Joe Biden has been reduced to publicly begging OPEC to pump more oil.On Friday, Granholm laughed out loud when asked about the Biden Regime’s plans to lower gas prices.“Ha ha ha! That is hilarious,” she said.VIDEO:https://www.youtube.com/watch?v=eUy6amOIh9s