Energy in America

President Biden detailed the state of negotiations with moderate Sen. Joe Manchin on the climate-related portion of his spending bill on Thursday, asserting the West Virginia senator is open to the possibility of tax incentives for clean energy practices.

Exxon Mobil Corp.'s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape

Rep. Pramila Jayapal said progressives would press for alternative policies aimed at addressing carbon emissions in President Biden’s spending bill if moderate Sen. Joe Manchin succeeds in blocking the administration’s proposed Clean Electricity Performance Program.

Sen. Joe Manchin, D-W.Va., said Tuesday that he would not support the inclusion of a so-called “carbon tax” in President Biden’s social spending bill, presenting another potential roadblock for Democratic leaders scrambling for an agreement on the administration’s signature legislation.

Ads were funded by the political action committee of Dominion Energy, a company Democrat candidate Terry McAuliffe said he would not take money from and which gave $200,000 to the Accountability Virginia PAC.

FOX Business' Stuart Varney said the Biden administration’s approach to climate change will get the U.S. into another crisis.

Oil cruised past the $83-per-barrel level, threatening to slow the post-pandemic economic recovery.

Rep. Sean Casten, D-Ill., took the jab against the Mountain State in a statement to Politico on Monday while pushing the progressive Democrats’ Clean Electricity Performance Program (CEPP).

Currently, the national average sits at about $3.303 per gallon, according to GasBuddy analyst Patrick De Haan, who projected that relief won't be in the near future.

Bulltick Capital Markets chief strategist Kathryn Rooney Vera provides insight into oil market.

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year.

Iranian naval forces intervened on Saturday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, Iran's state media reported.