Democrats to Go After ‘Big Oil’ in Gas Price Legislation
Democrats in Congress, accusing oil companies of gouging and profiteering that has raised gasoline prices,...
Democrats in Congress, accusing oil companies of gouging and profiteering that has raised gasoline prices, on April 28 promised legislation to allow the U.S. Federal Trade Commission (FTC) and state attorneys general to go after them.
“It would give the FTC and the state AG’s increased authority, including civil penalty authority, to go after oil companies and retailers that are gouging their customers and would cover both wholesale and retail sales,” House Energy and Commerce Committee Chairman Frank Pallone told reporters.
Coronavirus Update: Mask mandate returns to San Francisco region's BART system
San Francisco’s Bay Area Rapid Transit system is reinstating a face-mask mandate for riders, making...
San Francisco’s Bay Area Rapid Transit system is reinstating a face-mask mandate for riders, making it the only big transit system in the region to do so, as it moves to protect at-risk individuals including children.
The agency’s board made the decision at a Thursday meeting, the BART said in a statement, and said it would be effective until July 18.
US Shale Producer Pioneer Increases Production Cost Forecast
Shale producer Pioneer Natural Resources Co. said on April 28 it anticipated production...
Shale producer Pioneer Natural Resources Co. said on April 28 it anticipated production costs to come in above first-quarter guidance, according to a filing with the U.S. Securities and Exchange Commission.
Pioneer said it would maintain its 2022 production and capital guidance program, but that well costs were higher due to gathering, processing and transportation charges, as well as production and ad valorem taxes. It did not disclose the change in guidance.
The Irving, Texas-based company said first-quarter production averaged 355,000 bbl/d of oil and 638,000 boe/d compared with 281,000 bbl/d of oil and 474,000 boe/d, a year earlier.
Shell, Archaea consider Pa. for carbon dioxide storage
The Pennsylvania Department of Energy met with Shell and Archaea Energy to discuss possible plans to...
The Pennsylvania Department of Energy met with Shell and Archaea Energy to discuss possible plans to develop the state's first wells to store carbon dioxide. The Class VI wells that the companies are considering are rare in the US, but are part of a larger push to cut carbon dioxide emissions.
Crude oil in the US is on track for the fifth straight month of gains, with US West Texas Intermediate...
Crude oil in the US is on track for the fifth straight month of gains, with US West Texas Intermediate crude was up $2.53 $107.89 per barrelon Friday at @10:54 AM ET, while Brent was up $2.65 at $109.85 per barrel. The prices are rising due to the strengthening likelihood that Germany will join with other European Union members in the embargo on Russian oil.
