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On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
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The highest subsidy price that was still awarded was 6.00 ct/kWh. [111] In a bid for onshore wind farm projects, an average payment of 5.71 ct/kWh was achieved, and 4.29 ct/kWh in a second bidding round. In 2019, there were bids for new offshore wind farms in the United Kingdom, with costs as low as 3.96 pence per kWh (4.47 ct). [112]
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In April 2020, for the first time in history, due to the global health/economic crisis situation, the price of West Texas Intermediate benchmark crude oil for May delivery contracts turned negative, with a barrel of oil at -$37.63 a barrel, a one-day drop of $55.90, or 306%, according to Dow Jones Market Data. "Negative prices means someone ...
In 1968, Sun Oil merged with Tulsa, Oklahoma–based Sunray DX Oil Company, which refined and marketed fuel under the DX brand in several midwestern states, and included several refineries. [16] Its Tulsa refinery was operated by the company until its sale in June 2009 to Holly Corporation of Dallas. [ 17 ]
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