The U.S. Energy Information Administration (EIA) today forecasted U.S. households will spend more money on energy this winter than last year, especially those that heat with propane or heating oil. EIA explains: Forecast expenditures are based on our expectations of high retail energy prices—many are already at multiyear highs—and of slightly more energy consumption per […]

U.S. Energy Secretary Jennifer Granholm yesterday announced the Biden administration is considering releasing crude oil from the strategic petroleum reserve in an effort to curb rising gasoline prices. Tapping into the crude reserves is extremely rare, with the last significant release occurring in June 2011 when President Obama directed a sale of 30 million barrels […]

This week, the Wall Street Journal featured a piece by Benoit Falcon and Summer Said outlining OPEC’s decision to not increase production at the levels world leaders like President Biden have been begging for. This strategic move by foreign competitors coupled with the Biden administration’s anti-American energy policies have pushed U.S. crude prices to their […]