Tag: Oil (Petroleum) and Gasoline

Israel and Iran Broaden Cyberwar to Attack Civilian Targets

Millions of ordinary people in Iran and Israel recently found themselves caught in the crossfire of a cyberwar between their countries. In Tehran, a dentist drove around for hours in search of gasoline, waiting in long lines at four gas stations only to come away empty. In Tel Aviv, a well-known broadcaster panicked as the […]

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Interior Dept. Report on Drilling Is Mostly Silent on Climate Change

The royalties are still a major source of revenue: the federal government has so far collected $9.6 billion this year from drilling on public land and in federal waters, up from $8 billion last year. As one way to raise revenue for the $2.2 trillion spending bill, Democrats included provisions in the legislation that would […]

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Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices

WASHINGTON — Working in concert with five other countries, President Biden on Tuesday ordered the release of oil from the nation’s emergency stockpile as Americans face rising gas prices amid a jump in inflation ahead of the holiday season, according to senior administration officials. The administration will tap into 50 million barrels of crude in […]

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Inflation Batters Pakistan and Puts Pressure on Imran Khan

Muhammad Nazir canceled his daughter’s wedding. He parks his motorcycle at home and walks to his shop. Many of his shelves are empty because he can’t afford to stock the same supply of candy, soft drinks and cookies that he once did. A growing number of his customers can’t buy his snacks anyway. The global […]

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High Gas Prices Force Sacrifices, Like Travel and Dining Out

A driver in Belleville, N.J., cut his cable and downsized his apartment to save money for gas. A retiree in Vallejo, Calif., said he had stopped driving to go fishing because the miles cost too much in fuel. An auto repairman in Toms River, N.J., doesn’t go to restaurants as often. And an Uber Eats […]

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As Gas Prices Surge, Biden Tells F.T.C. to Investigate

WASHINGTON — President Biden asked the Federal Trade Commission on Wednesday to consider whether “illegal conduct” by large oil and gas companies is pushing up gasoline prices for American consumers, the latest effort by the administration to target concentration in the energy industry in a bid to bring down prices at the pump. The move […]

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Gas Prices Are Up in the U.S. Don’t Blame the President.

“Democracy,” Winston Churchill declared, “is the worst form of government except for all those other forms that have been tried from time to time.” But how bad is it? Looking at public opinion right now, it’s hard to escape the impression that it’s very bad indeed. In principle, voters should judge politicians by their actions; […]

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Oil Output Is Increasing, Possibly Easing Prices, a Report Says

The International Energy Agency said Tuesday that oil supplies were catching up with demand, potentially easing upward pressure on prices. The agency, which is based in Paris, said that the oil market remained “tight by all measures, but a reprieve from the price rally could be on the horizon.” A drop in oil prices would […]

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With Gas Prices High, Calls Grow to Tap Strategic Oil Reserve

As gasoline prices and inflationary pressures have climbed in recent weeks, calls have been growing in Congress for the Biden administration to tap into the nation’s Strategic Petroleum Reserve. The Senate majority leader, Chuck Schumer, added his voice over the weekend. “We need immediate relief at the gas pump, and the place to look is […]

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Biden Plans to Bar New Drilling Around a Major Native American Cultural Site

WASHINGTON — President Biden will announce on Monday that his administration is moving to block new federal oil and gas leasing within a 10-mile radius around Chaco Canyon in New Mexico, one of the nation’s oldest and most culturally significant Native American sites, according to White House officials. The announcement is to come as Mr. […]

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Shell Plans Shift to Britain, and Dropping ‘Royal Dutch’

Shell, Europe’s largest energy company, said Monday that it was proposing to move its headquarters to Britain from the Netherlands and make major changes in its share ownership and tax status. The moves are designed to make the company, whose share price has lagged rivals, more appealing to investors, and they come less than a […]

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How to Save Money on Your Winter Heating Bills

Apartments with radiators can consider heat “reflectors,” foil or metal sheets that fit behind the radiator and direct heat away from the wall and into the room. When should I consider replacing my heating system? Heating systems typically last about 12 to 20 years, depending on the type. But people often wait until the systems […]

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Winter Heating Bills Loom as the Next Inflation Threat

Last week, the Biden administration released 90 percent of the $3.75 billion in funds dedicated to the Low Income Home Energy Assistance Program, which provided an average of $439 to more than five million families the year before the pandemic. It received $4.5 billion in additional emergency grants this year. Usually, funding for the program […]

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Tanker Truck Explodes in Sierra Leone, Killing at Least 98

At least 98 people were killed when a tanker truck exploded on Friday night after a crash in the capital of Sierra Leone. Many of the victims were motorcycle riders and taxi drivers who had been trying to collect leaked fuel at the time of the blast, in the Wellington area of the capital, Freetown, […]

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Cambo, a Proposed Oil Field, Is Drawing Controversy in U.K.

LONDON — A once-unremarkable patch of ocean floor in deep waters northwest of Scotland’s Shetland Islands has become a crucial test case for the British government, environmental groups and the oil industry. An energy company says there is valuable oil and gas to be extracted from the site, but it needs the government’s approval. Environmental […]

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OPEC and Russia Will Ponder Oil Output Under Pressure From Biden.

With further climate pressures looming, the OPEC countries may prefer to reap high revenue, build their financial reserves and raise funds for investment in solar and wind power and other businesses that may eventually replace oil. OPEC and its allies may also have less room to increase production than is believed. The group is falling […]

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Iran Seizes an Oil Tanker, but Whose Tanker Is Disputed

American and Iranian officials both said Wednesday that Iran had seized an oil tanker in the Sea of Oman last month after an encounter with the U.S. Navy, but the two sides gave widely differing accounts of whose tanker it was and what, exactly, had happened. Iranian officials said the United States had seized a […]

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Biden Administration Moves to Limit Methane, a Potent Greenhouse Gas

GLASGOW — The Biden administration planned to announce on Tuesday that it would heavily regulate methane, a potent greenhouse gas that spews from oil and natural gas operations and can warm the atmosphere 80 times as fast as carbon dioxide in the short term. For the first time, the Environmental Protection Agency intends to limit […]

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Even as Biden Pushes Clean Energy, He Seeks More Oil Production

GLASGOW — President Biden told a global climate summit on Monday that “we only have a brief window before us” to reduce the emissions from burning oil, gas and coal that pose an “existential threat” to humanity. But only days earlier, he was urging the world’s largest oil producers to pump more of the fossil […]

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At Climate Talks, Biden Will Try to Sell American Leadership to Skeptics

GLASGOW — President Biden will walk into a riverside event space on Monday to try to convince a gathering of world leaders that the United States, which has pumped more greenhouse gases into the atmosphere than any other nation, is finally serious about addressing climate change and that others should follow its lead. But Mr. […]

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U.A.E., an Oil Giant, Aims to Burnish Climate Credentials

He is the chief executive of a major polluter, but Sultan Al Jaber is likely to be well received and maybe even congratulated when he arrives at the COP26 climate summit in Glasgow, which starts this weekend. Mr. Al Jaber, who heads Abu Dhabi’s national oil company, which provides about 3 percent of the world’s […]

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An Electricity Crisis Complicates the Climate Crisis in Europe

BERLIN — The soaring price of electricity represents a Rorschach test for Europe’s politicians. Depending on their leanings, it is either a reason to wean the continent from fossil fuels more swiftly — or more slowly. The timing is crucial. European Union leaders have cast themselves as the vanguard of a global green transition at […]

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Oil Executives Testify on Industry’s Role in Climate Disinformation

House Democrats have begun questioning the executives of some of the world’s biggest oil and gas companies — Exxon Mobil, Chevron, BP and Shell — over allegations that the companies for years spread disinformation about the role played by fossil fuels in global warming in order to slow action on climate change. “This is a […]

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Oil Executives to Face Congress on Climate Disinformation

Executives of some of the world’s biggest oil and gas companies — Exxon Mobil, Chevron, BP and Shell — are set to appear before a congressional committee Thursday to address accusations that the industry spent millions of dollars to wage a decades-long disinformation campaign to cast doubt on the science of climate change and to […]

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At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

As world leaders prepare to meet in Glasgow next week to address the devastating impact of wildfires, floods and extreme weather caused by rising greenhouse gases, a revolt has been brewing inside the world’s most influential consulting firm, McKinsey & Company, over its support of the planet’s biggest polluters. More than 1,100 employees and counting […]

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Latest National Climate Plans Still Fall Far Short, U.N. Report Warns

If those targets are met, the U.N. report found, that could nudge down expected future emissions further, though the world would remain sharply off track from its Paris agreement goals. Environmentalists have called on China to do far more to rein in its appetite for coal, the dirtiest of all fossil fuels. The new report […]

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Divestment Is Pushing Money Away From Fossil Fuels

And by this point, divestment has spread way beyond colleges and universities. Enormous pension funds serving New York City and state employees have announced that they will sell stocks; earlier this year, the Maine legislature ordered the state’s retirement fund to divest; and just last month, Quebec’s big pension fund joined the tide. We’ve seen […]

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Sudan Rocked by Protests Amid Warnings of a Coup

NAIROBI, Kenya — Sudanese protesters took to the streets of the capital early on Monday, injecting another note of instability in the northeast African nation’s fragile transition to democracy. The demonstrations come about one month after the authorities said they had thwarted a coup attempt by loyalists of the deposed dictator Omar Hassan al-Bashir. The […]

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The Lummi Nation’s Secret to Saving Fragile Ecosystems

One afternoon this August, I boarded the Salish Sea, a crabbing boat named after the inland ocean that gives the Washington State coastline its defining divot. Dana Culaxten Wilson, one of the most prolific fishers in the Lummi Nation, and his crew of two were on their final outing of a 30-hour “crab opening,” a […]

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Fossil Fuel Drilling Plans Undermine Climate Pledges, U.N. Report Warns

WASHINGTON — Even as world leaders vow to take stronger action on climate change, many countries are still planning to dramatically increase their production of oil, gas and coal in the decades ahead, potentially undermining those lofty pledges, according to a United Nations-backed report released Tuesday. The report looked at future mining and drilling plans […]

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