A new Trump rule in regards to the Clean Water Act limits the power states have to block pipeline projects. According to The Hill: The Trump administration gutted a key portion of the Clean Water Act on Monday, limiting states’ ability to block controversial pipeline projects that cross their waterways. The final rule from the
Joe Biden has released a pledge that experts say will cost thousands of jobs if he gets his way. According to The Washington Free Beacon: Joe Biden will kill the Keystone XL pipeline project if elected, his campaign said Monday, a move that would likely cost thousands of jobs and millions in local tax revenue.
A federal judge has ruled against the Keystone XL pipeline by blocking a permit for the controversial pipeline President Trump supports. According to The Hill: A district judge in Montana reportedly ruled Wednesday against the Keystone XL pipeline, canceling a key permit necessary for the project’s construction. According to The Associated Press, Judge Brian Morris
The Trump administration is working to rent storage space for about 27 million barrels of oil to oil companies with a surplus of oil due to dwindling demand. According to The Hill: The Department of Energy (DOE) is moving ahead with its plan to rent storage capacity to struggling oil companies that are running out
President Trump recently struck a deal with OPEC and other allies to cut global oil production as demand dwindles. Some are saying this could be his biggest and best deal ever. According to CNBC: As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil
President Trump has announced that a deal has been reached that will see Saudi Arabia and Russia reduce their oil production to stabilize world markets. According to The Hill: President Trump on Thursday said global oil production could drop by 10 million to 15 million barrels in light of talks between Russia and Saudi Arabia. Russia, however, is reportedly denying
The Trump administration plans to buy millions of barrels of oil as the oil industry continues to slump amid supply and demand issues. According to The Hill: The U.S. government will buy 30 million barrels of oil from producers amid a financial downturn for the industry. The Department of Energy (DOE) announced Thursday it would
The price of oil is at the lowest point it has been since 2003 according to new reports. According to The Hill: U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1
By 1600 Staff It’s summer, which means demand for gas is peaking for the year. As Russia and OPEC play the same old games with oil output to increase the price, President Trump is working behind the scenes to increase oil production, but until then, he may opt to open up reserves. According to OilPrice.com
U.S. Will Be the World’s Largest Oil Producer by 2023, Says IEA By Sarah Kent and Timothy Puko The Wall Street Journal March 5, 2018 The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday.