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A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
The Biden administration released a draft report on Tuesday warning of potentially negative impacts to Americans should the president's moratorium on liquefied natural gas (LNG) exports be lifted.
“The Biden Administration’s pause on American LNG exports was a mistake that resulted in uncertainty for the market, for investors, and for America’s allies around the world,” said ...
In February 2022, this amounted to close to two years' worth of net oil imports held in IEA member states' strategic petroleum reserves. [2] The U.S. Strategic Petroleum Reserve has consistently held the largest strategic reserve. [1] [3] Some non-IEA countries have started work on their own strategic petroleum reserves.
Biden delivered $27 billion from the Greenhouse Gas Reduction Fund (which is funded by the Inflation Reduction Act) to 8 environmental Non-governmental organizations. The Fund's investments are supposed to reduce the CO 2 emissions of the US by 40 million tonnes per year, while delivering 70% of the benefits to low income communities.
Cantarell Field is the largest oil field in Mexico and one of the largest in the world producing. As of Jan 2001, Mexico has approximately 10.42 billion barrels (1.657 × 10 ^ 9 m 3) in proven oil reserves. [49] In November 2006, Pemex reported that Cantarell has produced 11.492 billion barrels (1.8271 × 10 ^ 9 m 3) of oil. [50]
Mexican officials announced Tuesday what they claimed was $20 billion in new foreign direct investment in Mexico, but much of that was neither new, nor completely certain. Investor confidence in ...
The next October, the DOE announced that four projects in Maine, Oklahoma, New Mexico, and between Texas and Mississippi, were being awarded a total of $1.5 billion under the TFP; the DOE also released its first ever National Transmission Planning Study to follow up on the Needs Study, forecasting a needed national transmission capacity ...