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According to Biden, the environmental dangers of new offshore oil and gas drilling — and the knock-on effects for the fishing, recreation and tourism industries — outweigh the potential energy ...
The price of natural gas began to rise amid tensions in Russia in 2022 but reached a record high in the U.S. after the country invaded and sparked a yearslong war with its neighboring country ...
The ban does not affect areas where oil and gas development is currently underway, nor are there immediate plans for major drilling projects in the affected areas. Biden is set to discuss the move ...
The reason is simple: Biden was scared of the political fall-out from higher oil prices. After all, record-setting $5 per gallon gas in June 2022 caused one of the biggest hits to Biden’s ...
Biden released about 230 million barrels of oil from the reserve in 2022 and 2023, after Russia's invasion of Ukraine sent prices soaring and gasoline peaked at $5 per gallon. The DOE began slowly ...
The ban will affect 625 million acres (253 million hectares) of ocean. Biden said the move was aligned with both his climate change agenda and his goal to conserve 30% of U.S. lands and waters by ...
RACHELLE AKUFFO: Oil prices retreating today as the Biden administration reportedly plans to release 10 to 15 million barrels of oil from the Strategic Petroleum Reserve. Well, joining us now is ...
From Biden’s first day in office to Feb. 23, 2022, gas prices rose from $2.45 a gallon to about $3.60 a gallon. That’s a gain of $1.15 during a period of 13 months.