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“#Inflation would rise if Russia invaded Ukraine” US inflation — already stuck at a 40-year high of 7.5% — could spike to 10% or higher if Russia invades Ukraine, according to a new analysis. That’s because oil prices could rise to well over $100 a barrel if Russia — a major oil producer — has…
“#How two 23-year-olds became millionaires by mining bitcoin” A pair of recent college grads made $4 million before their 24th birthdays by using flare gas from Texas oil fields to mine bitcoin. Brent Whitehead and Matt Lohstroh are Texas A&M University alums who co-founded Giga Energy Solutions, a company that uses stranded natural gas that…
“#Biden acts much more like Putin’s puppet than Trump ever did” Back in 2017, Walter Russell Mead wrote: If Donald Trump “were the Manchurian candidate that people keep wanting to believe that he is, here are some of the things he’d be doing: Limiting fracking as much as he possibly could Blocking oil and gas…
“#SoCal oil spill killing wildlife, may close beaches for months” A massive crude oil spill off the coast of southern California — believed to be at least 126,000 gallons — has reached the shores of Huntington Beach, damaging local wildlife and possibly closing miles of beaches for months at the popular surf destination. The pipeline…
“#Letters to the Editor — Aug. 15, 2021” China syndromeIt is amazing how the almighty dollar, greed and financial recklessness can create strange bedfellows (“China’s US Data Threat,” Aug. 10). Many technological and other goods in the United States and Europe are imported from Communist China, a persecutor and suppressor of freedom and human rights,…
“#’Future does not lie in oil’” Potentially oil-rich Greenland has vowed to end excavation for fossil fuels, its socialist government announced on Thursday. International environmental groups including Greenpeace are cheering the decision, asking “Who’s next?” on social media. Greenland’s leaders called the decision a “natural step” as the Arctic nation “takes the climate crisis seriously,”…
“#Susan Rice to sell $2.7M stake in oil pipeline company after project upheld” President Biden’s adviser Susan Rice is being ordered to sell a $2.7 million stake in the oil pipeline company Enbridge — after the Biden administration decided to allow the firm’s Line 3 pipeline project. The Office of Government Ethics ordered Rice to divest…
“#US drilling approvals increase despite Biden climate pledge” BILLINGS, Mont. — Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W. Bush was president, underscoring President Joe Biden’s reluctance to more forcefully curb petroleum production in the face of…
“#Gas prices hits record $3.15 a gallon amid oil price surge” Americans are paying an average of $3.15 per gallon for gas — the most in seven years — as the economy reopens and people hit the road in droves. At $3.147 a gallon, the average national price of regular unleaded gasoline is now nearly…
“#US oil prices at six-year high after OPEC fails to reach deal” US oil prices jumped to six-year highs Tuesday after OPEC failed to reach a deal on oil production — raising concerns that output could fail to keep up with surging demand. Futures for West Texas Intermediate, the main US oil benchmark, advanced 1.3…