U.S. News President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that fighting climate change will create
World Oil (WO) – Energy Workforce & Technology Council President Tim Tarpley released the following statement regarding President Biden’s fiscal 2024 budget proposal: “President Biden is again targeting America’s oil and gas producers in his fiscal 2024 budget proposal. This budget request if enacted, would increase American’s energy costs, and further deplete our nation’s energy security and that of
Oil Price The Biden administration is planning to release another 10 to 15 million barrels of crude from the strategic petroleum reserve, Bloomberg reported today, citing unnamed sources in the know. This release would be the latest in the government’s 180-million-barrel program that was announced in March. The SPR release plan will soon come to an end, but U.S. fuel prices are
Chevron Dear Mr. President: Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand imbalances aggravated by Russia’s invasion of Ukraine. Addressing this situation requires thoughtful action and a willingness to work together, not
World Oil Last night, American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring
Yahoo Finance IRVING, Texas, June 15, 2022–(BUSINESS WIRE)–ExxonMobil today released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in
Reuters NEW YORK – Environmentalists and labor unions that threw their support behind U.S. President Joseph Biden now find themselves on the opposite sides of a battle over the construction of big pipeline projects between Canada and the United States. The United States is the world’s largest producer of oil and gas. Biden’s administration aims to transition the U.S. economy
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