Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
Iraq stopped oil production from two southern fields with a combined capacity of almost half...
Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day.
The shutdowns curtail the ability of OPEC’s second-largest member to pump crude just as Russia’s invasion of Ukraine and tight supplies globally send prices soaring.
The outages come as many OPEC members, including Iraq, struggle to reach their production quotas, causing global energy markets to tighten as demand recovers from the coronavirus pandemic.
Britain: Fracking was ended on a ‘false pretext’ and should be resumed with ‘vigour’, MPs say
Fracking was ended in Britain ...
Fracking was ended in Britain on a "false pretext" and should be resumed with "the vigor of a national war effort", Conservative MPs said last night, as an official report cast doubt on the evidence cited by ministers to justify the ban.
Days after Boris Johnson warned that Europe was "addicted" to Russian oil and gas, it has emerged that a report commissioned by a UK regulator described some of the tremors used to justify the moratorium on shale gas exploration in Britain as "almost imperceptible".
From Twitter: Thousands around the world "Stand With Ukraine"
Hundreds of people gather for a "Stand...
Hundreds of people gather for a "Stand With Ukraine" rally in Times Square on Saturday. Ukrainians, Ukrainian Americans and allies gathered to show support for Ukraine and protest against the Russian invasion. https://t.co/PLTXijReLj
SLO County has the most expensive gas in the entire United States — again
San Luis Obispo drivers are paying the highest gas prices in the entire country...
San Luis Obispo drivers are paying the highest gas prices in the entire country as of Friday, according to both GasBuddy.com and AAA, which monitor fuel prices.
According to GasBuddy’s data, San Luis Obispo County had the most expensive gas of any metropolitan statistical area on Friday, with the average cost of a gallon of gas costing $4.92. This put us just ahead of the San Francisco and Napa MSAs, which had average fuel prices of $4.919 and $4.91 for a gallon, according to GasBuddy.
Meanwhile, AAA reported that SLO County’s gas prices, which it estimated at an average of $4.974 per gallon, were the most expensive in California — and California’s gas prices were the most expensive in the nation. The national average for a gallon of regular gas has increased by a penny since Monday, clocking in at $3.54.
Will Biden's Freezing Of Oil And Gas Leases Exacerbate The Energy Crisis?
As oil prices continue to rocket, now further helped along by Russia's invasion of Ukraine, the Biden...
As oil prices continue to rocket, now further helped along by Russia's invasion of Ukraine, the Biden administration is still fighting tooth and nail to freeze new oil and gas drilling leases - even after a court ruled against the administration for using a metric to estimate "the societal cost of carbon emissions" to justify their move.
Despite the court's ruling, Biden's administration has stopped new leases and permits for federal oil and gas drilling, MSN reported this week.
