October 13, 2021 | Blog

EIA expects U.S. households to spend more on energy this winter

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 […]

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October 7, 2021 | Press Releases

GAIN Statement on Releasing Crude Oil from U.S. Strategic Petroleum Reserve

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 […]

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October 6, 2021 | Blog

OPEC Opts Against Big Output Boost, Pushing Oil Prices to Seven-Year High

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 […]

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September 29, 2021 | Press Releases

GAIN Applauds Enbridge for Completing Line 3 Upgrade Project

Enbridge announced today that construction on the upgrade of its Line 3 crude oil pipeline across Minnesota is “substantially complete” and will be operational on Friday. The project will help ensure reliable delivery of crude to U.S. refineries, and was necessary to replace an aging line originally built in the 1960s which could only operate […]

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September 29, 2021 | Blog

Despite Promise of Carbon Capture Projects, Activists Oppose Critical Investment

Last week, Politico featured a piece discussing the backlash Democratic leadership is facing regarding the massive buildout of carbon capture, utilization and sequestration infrastructure wrapped in the proposed infrastructure bill.  $2 billion in the bipartisan infrastructure bill has been earmarked to develop new infrastructure to capture and carry carbon dioxide from industrial emitters to underground storage sites […]

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