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  • July 2021
    High Natural Gas Prices Increase Electricity Prices...

    Natural gas prices in Asia and Europe have escalated due to scarce supplies. Hampering supply are China’s strong demand for LNG, a...

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  • July 2021
    Biden Administration Calls for More Oil Production—As...

    Last week OPEC+ talks on oil production quotas for member nations stalled and, as a result, oil prices rose. The Biden administration...

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  • July 2021
    U.S. Closes Refineries; China Increases Its Refining...

    As of April, 2021, the United States had 18.1 million barrels per day of petroleum refining capacity (i.e., operable atmospheric crude oil...

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  • June 2021
    Gas Tax Increases Remain Off-Limits

    “Biden objects to raising gas tax to pay for infrastructure,” a June 18 AP headline read. The White House, the article explains,...

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  • June 2021
    Gasoline Prices Highest in Six Years; California’s...

    Gasoline prices have hit their highest national average in six years with an average price of $3.076 per gallon on June 15,...

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  • June 2021
    Keystone XL Pipeline Canceled

    The sponsor of the Keystone XL crude oil pipeline has canceled the project after Canadian officials failed to persuade President Joe Biden...

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