Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
Tag: Energy Department
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U.S. to Release Millions More Barrels of Oil to Contain Gas Prices
The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
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Expansion of Clean Energy Loans Is ‘Sleeping Giant’ of Climate Bill
The bill President Biden signed into law recently will greatly expand government loans and loan guarantees for clean energy and automotive projects and businesses.
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Subsidies in the Climate Bill Keep Oil and Gas Alive
A big winner is carbon capture technology. Subsidies will lock in fossil fuel use.