Energy in America

Oil prices rose on Friday, pulling up from three-month lows, but they were still on track for a weekly loss of over 5% as new lockdowns in countries facing surging cases of the Delta variant dampened the outlook for fuel demand.

Afghanistan, while a poor nation, is sitting on trillions in natural resources, and China and Iran want a piece of the pie.

A federal judge on Wednesday reversed the U.S. government's approval of ConocoPhillips' planned $6 billion Willow oil development in Alaska, citing problems with its environmental analysis, according to court documents.

Republicans are urging President Biden to reverse his decision to ask the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil. 

More than 14,000 Floridians were left without power overnight after now Tropical Depression Fred made landfall.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned on Tuesday that inflation is causing an “attack on America,” especially the poor and middle classes.

Montana Gov. Greg Gianforte blasted President Biden on Monday for his energy policies and for the “horrendous” move to ask the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil.

Stephen Moore argued that President Biden recently had “one of the worst weeks” in office so far.

Hydrogen, the most abundant element in the universe, is increasingly viewed, along with electric vehicles, as one way to slow the environmentally destructive impact of the planet’s 1.2 billion vehicles, most of which burn gasoline and diesel fuel. Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward. So are makers of planes, trains and passenger vehicles.

Germany is forecast to slip back below the threshold it had set for cutting greenhouse gases by 2020, amid a post-pandemic recovery and unfavorable conditions for renewable energy, according to a report by an environmental think tank Sunday.

The Consumer Price Index rose 5.4% in July, matching the prior month's gain as the fastest since August 2008, while prices at the producer level jumped 7.8%, the most on record, according to the U.S. Bureau of Labor Statistics.