White House – Oil & Gas 360

White House moves to protect US solar manufacturers from Chinese competition

May 16, 2024

Yahoo Finance The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy for using American-made products. The moves come as President Joe Biden touts his economic policies ahead of a November election against his predecessor, former

The White House does not expect Arab states to weaponize oil

November 20, 2023

Oil Price The United States is confident that the Arab states will not use oil supply as a weapon as they have done in the past, White House energy security adviser Amos Hochstein told the Financial Times in an interview published this weekend. “Oil has been weaponised from time-to-time since it became a traded commodity, so we’re always worried about that, working

White House, GOP reach compromise on energy disputes as part of debt-limit deal

May 30, 2023

World Oil (Bloomberg) –President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending as part of their debt-limit deal. They must now sell the agreement to lawmakers from both parties. Here’s a look at the most contentious and economically consequential provisions of the legislation they unveiled on Sunday, just days before the Treasury is

White House backs faster energy project permits, joining Republicans

May 10, 2023

Yahoo News WASHINGTON – The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects in a potential bet that the bipartisan measure may help end a standoff on the debt ceiling. The renewed push on permitting reform comes the day after President Joe Biden met with top

White House announces $13 bln in funding to modernize power grids

November 18, 2022

Nasdaq Nov 18 – The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the bipartisan infrastructure bill for the expansion and modernization of the U.S. electric grid. The $1.2 trillion infrastructure law, passed last year, provides $10.5 billion to harden power systems against growing threats

White House asks Congress for $500 mln to modernize oil reserve

November 17, 2022

Investing WASHINGTON – The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows. If approved by Congress, the request, issued by the White House on Tuesday, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the Texas and Louisiana coasts. President

White House considers curbs on fuel exports amid diesel squeeze

November 16, 2022

Oil Price President Biden may order fuel distributors to keep greater inventories at home in a bid to ensure an adequate supply of heating oil for the Northeast, Energy Secretary Jennifer Granholm has said, as quoted by Bloomberg. The reason is a looming shortage of diesel and heating oil, especially in the Northeast, which the White House is worried may compromise

OPEC+ cuts or not, White House wants to refill SPR

October 6, 2022

Oil Price The United States is still planning on replenishing the nation’s crude oil emergency stockpiles when the price of oil goes down, White House energy advisor Amos Hochstein said on Thursday. The White House energy advisor’s comments come as a million barrels of crude oil continue to leave the nation’s Strategic Petroleum Reserves every day—and as OPEC+ prepares

White House weighing oil profits tax to fund consumer rebate, official says

June 2, 2022

BOE Report The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday. Bharat Ramamurti, the deputy director of President Joe Biden’s National Economic Council, said the administration has been examining U.S. Senate and House of Representative proposals

What the House passage of Biden’s $2T tax and spending bill means for U.S. energy

November 19, 2021

World Oil WASHINGTON (Bloomberg) –The House on Friday passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped. The legislation will likely undergo several

White House says Saudi deputy defense minister meeting U.S. officials

July 6, 2021

Reuters WASHINGTON – Saudi Arabia’s deputy defense minister was in Washington on Tuesday meeting with senior U.S. officials including White House national security adviser Jake Sullivan, the White House said. White House spokeswoman Jen Psaki said the death in 2018 of Washington Post columnist Jamal Khashoggi would likely come up in talks with Prince Khalid bin Salman, the son of

White House touts EVs, but not backing gasoline-powered phase-out date

April 23, 2021

Reuters WASHINGTON – The Biden administration wants to spend $174 billion to boost electric vehicles and charging stations but its 2030 climate emissions reduction pledge released on Thursday does not include a firm date to phase out gasoline-powered vehicles. “These autos are coming. We know it. It is the future,” White House climate adviser Gina McCarthy said of EVs at

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