With gasoline prices up more than $1 a gallon over the past year, the Biden administration took heat Wednesday over a statement from National Security Advisor Jake Sullivan pressuring OPEC nations to increase oil production.
“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic,” Sullivan said. “While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022. At a critical moment in the global recovery, this is simply not enough.”
After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.
TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.
In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment.
A Native American tribe in Utah said a Biden administration order blocking new permits to drill for oil and gas on federal lands is a “direct attack” on its economy and sovereignty.
The Ute Indian Tribe is seeking a waiver from Order 3395, which Scott de la Vega, the acting secretary of the interior, implemented on Jan. 21.
President Donald Trump on Friday issued a new presidential permit for the project — two years after he first approved it and more than a decade after it was first proposed. Trump said the permit issued Friday replaces one granted in March 2017. The order is intended to speed up…
by Jason Hopkins People who spent their time protesting the Dakota Access Pipeline are now nearly 1,000 miles away protesting the operation of an entirely different pipeline. Resistance to the Dakota Access Pipeline attracted a massive amount of people. Thousands of protesters in 2016 congregated at the Standing Rock…