Free Republic

Joe Biden’s reckless energy policies, including a relentless war on US oil, have now seriously undercut national security. To wit, the US Energy Information Agency just pegged the nation’s supply of emergency oil in the Strategic Petroleum Reserve at just 351 million barrels — about half its capacity. ... That’s the lowest the SPR has been in 40 years, providing enough to last only 17 days in a national emergency. What a time to run low! The Middle East may erupt any day, threatening oil exports from the region; Russian oil remains banned as its war in Ukraine rages on....

The Alaska Industrial Development and Export Authority is asking a federal judge to reverse a decision by the Biden administration to cancel oil and drilling leases in the Alaska National Wildlife Refuge area. The leases were approved by the Trump administration in January 2021 and canceled by the Biden administration last month. The AIDEA said in its lawsuit the cancellation of the seven leases is unlawful for several reasons. The leases are legal and Congressionally mandated, the agency said. The lawsuit said the Department of Interior did not allow AIDEA to correct any issues to keep the leases. "DOI’s unilateral...

A week ago the Biden administration announced that it had approved an expansion of the license to Chevron so they could resume oil production in Venezuela. This was a surprise given the administration’s hostility to fossil fuels in general and oil from Venezuela in particular. ... That Biden would allow oil to flow from a socialist dictator like Nicolás Maduro isn’t shocking. The administration has made a nasty habit of dealing with dictators while leaving our friends high and dry. Such is the case with tiny Guyana, which was recently discovered to be sitting on an ocean of crude oil....

President Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies, as his administration aims to combat high gas prices just days before the midterm elections. The White House said Biden will deliver remarks to respond ”to reports over recent days of major oil companies making record-setting profits even as they refuse to help lower prices at the pump for the American people." A person familiar with the matter said Biden will float imposing a tax on the profits of energy companies, as he seeks to pressure them to lower prices for consumers. The...

Why are global elites demanding poor nations make energy expensive? Over the last decade, the World Economic Forum (WEF), the United Nations’ International Monetary Fund (IMF), and the World Bank have all urged poor nations to stop subsidizing fossil fuels. “End fossil fuel subsidies and reset the economy for a better world,” read the headline of a June 2020 WEF article about the launch of its “Great Reset” initiative. -SNIP- And, it’s not just Haiti. Over 40 nations since 2005 have triggered riots after cutting fuel subsidies or otherwise raising energy prices. It happened earlier this year in Kazakhstan, Ecuador...

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas prices again. The coalition, which includes the 13 OPEC nations and 11 non-members including Russia, made the announcement at its Vienna meeting, the first in-person summit since the beginning of the COVID-19 pandemic. The announced cut is roughly equivalent to 2 percent of global supplies. In July, President Biden visited Saudi Arabia to directly appeal to its leaders to increase oil production, despite...

A group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help the global economy.

Democrats can never make the situation so awful that they will not deliberately make it worse. Their control of the federal government means skyrocketing gas prices because of the Biden Regime’s War on Oil. Their tighter control of California means that, pricey as gas is in the country as a whole (currently $4.61), it is pricier still in the Land of Fruits and Nuts (currently $5.99). The price will climb even higher after Democrats make the product scarcer by forbidding the construction of new gas stations: Last year, Petaluma Councilwoman D’Lynda Fischer led the way to prohibiting new gas stations...

Former Michigan governor Jennifer Granholm, President Joe Biden's pick for energy secretary, could pocket up to $5 million for stepping down from a prominent position with a Silicon Valley energy company. Granholm will relinquish her spot on the board of Proterra, Inc., an electric-vehicles manufacturer, if she is confirmed by Congress. She will also sell off all stocks in the company, resulting in a windfall. Disclosure forms show that Granholm's stock in Proterra is valued between $1 and $5 million. She will also divest from other energy companies, including First Solar, a solar-panel company, and Duke Energy, an electric company....

Two recent studies have shown that electric vehicles have more quality issues than gas-powered ones and are not better for the environment. Many people believe electric vehicles are higher quality than gas-powered vehicles and are emissions-free, which makes them much better for the environment. But two recent studies have shown that electric cars have more quality issues than gas-powered ones and are not better for the environment. J.D. Power has produced the annual U.S. Initial Quality Study for 36 years, which measures the quality of new vehicles based on feedback from owners. The most recent study, which included Tesla in...

HOUSTON, July 5 (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos. About 1 million barrels per day...

@POTUS My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.

President Joe Biden called on U.S. oil refiners to produce more gasoline and diesel Wednesday, warning because they are not doing so their profits have tripled as Americans struggle with record high gas prices. But the federal government that Biden heads reported that refineries are already running at capacity and face other limits following the coronavirus pandemic.

A man who was trying to steal gas from a parked up box truck accidentally set himself ablaze in the process as fuel prices continue to soar. The shocking incident was all caught on surveillance camera footage as the man could be seen attempting to siphon fuel from the tank of a vehicle next to which he had parked his own white pickup in Salt Lake City. Authorities believe the man was using a drill in order to access the gas tank during which a spark ignited the flammable liquid. Static electricity, or sparks caused by the friction from the...

Members of California’s Air Resources Board today questioned the practicalities of their staff’s proposal to ban gas-powered vehicles, raising concerns over challenges in buying and charging electric cars.

Brent crude, the international oil benchmark, has surpassed $120 a barrel, reaching a two-month high as gasoline and diesel fuel prices continue to rise. The U.S. oil benchmark, West Texas Intermediate, also rose, reaching more than $116 a barrel. The price spike comes at a time when demand in the United States is expected to rise with the start of the summer driving season and European leaders are trying to reach agreement on a Russian oil embargo.

President Biden on Tuesday is set to announce that the Environmental Protection Agency will allow E15 gasoline—gasoline that uses a 15% ethanol blend—to be sold in the United States this summer in an effort to expand Americans’ access to affordable fuel supply amid the surge in gas prices across the nation. The EPA is set to issue a national, emergency waiver. Without the action, the White House said E15 cannot be used in most of the country from June 1 to September 15. The EPA is expected to take final action to issue the emergency waiver closer to June 1.

BRUSSELS/LONDON (Reuters) -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more. European Union officials held talks in Vienna with representatives of the Organization of the Petroleum Exporting Countries amid calls for the group to increase output and as the EU considers potential sanctions on Russian oil. "We could potentially see the loss of more than 7 million barrels per day (bpd) of Russian oil and other liquids exports, resulting...

A Pennsylvania man fed up with rising gas prices was arrested after he put stickers on fuel pumps featuring a finger-pointing Joe Biden that say 'I did that!' in a protest gaining traction around the country.

Musk's tweet calling for more fossil fuel production was retweeted roughly 20,000 times in 30 minutes Tesla co-founder and CEO Elon Musk called on the United States to increase its domestic oil output in response to Russia’s invasion of Ukraine, while also acknowledging that his electric car company would be negatively affected by that move. "Hate to say it, but we need to increase oil & gas output immediately," Musk tweeted Friday. "Extraordinary times demand extraordinary measures."