Energy in America

Climate policies aimed at transitioning the U.S. from fossil fuels to renewable power will lead to higher prices, federal energy officials told Fox News Digital.

Oil prices fell further on Thursday following a 3% drop in the previous session on concerns higher interest rates will slow the economy and put a dent in fuel demand.

Energy Sec. Granholm advised that projections indicate the gas price will drop to $4.27 a gallon in the third quarter, but global events could raise it again.

U.S. Energy Secretary Jennifer Granholm on Wednesday said the U.S. would be subject to price shocks so long as it continued its reliance on fossil fuels.

President Biden is questioning his Republican critics on whether they would have preferred his administration allow Russian President Vladimir Putin to rule in Ukraine in order to keep gas prices low in the United States.

President Biden and his administration waived tariffs on solar panel imports from countries in Southeast Asia last week. This will strengthen China and hurt the U.S.

Demand for air cargo continues to increase as shipping disruptions persist, industry executives tell FOX Business, adding that ocean shipping companies are becoming airlines as well.

Chevron CEO & Chairman Mike Wirth on Tuesday urged President Biden to take a different approach to the oil industry to help combat rising fuel prices.

Republican Senate candidate Dr. Mehmet Oz said his first duty in office would be restarting the state's oil industry to tackle "the single biggest driver of inflation."

Oil analyst Stephen Schork argued on Tuesday that gas prices are at “unprecedented” levels that Americans “simply cannot afford” and that he believes a recession is inevitable.

Russia on Monday threatened retaliation against Lithuania after it banned goods in transit to Kaliningrad, the Russian exclave located along the Baltic Sea.

Netherlands is joining Germany, Austria, and Italy in lifting bans on coal production in a bid to offset the energy crisis provoked by the Ukraine war.

Russia has overtaken Saudi Arabia as the top exporter of crude to China as western buyers continue to shun Russian oil over the invasion of Ukraine.

The average price for a gallon of gasoline moved lower again on Monday remaining below the $5 threshold

In a Sunday interview, Treasury Secretary Janet Yellen said she does not believe that record-high gas prices are a result of the Biden administration's policies.

Germany announced new measures to restart coal-fired power plants and curb natural gas usage after Russia cut gas supplies to Europe last week amid the war on Ukraine.

The average price for a gallon of gasoline moved lower again on Sunday remaining below the $5 threshold

Two Virginia thieves stolen fuel from a gas station over several days using an unspecified device in an effort to resell the gas through an app, cops say

Former Trump chief of staff Mick Mulvaney slams Biden trying to "wave a magic wand" to produce more oil when the administration can make regulatory changes "now."