(Bloomberg) –Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia next week, it may do little to drive down the high fuel prices roiling the global economy. The US president’s visit to a country he once vowed to isolate represents a significant thawing of relations, but the Saudis and […]
Read More(Bloomberg) — President Joe Biden is considering forgiving at least $10,000 in student loans per borrower, a promise he made on the campaign trail, through executive action. Here are key data points: $1.75 trillion — the total amount of outstanding student-loan debt in U.S., according to the Federal Reserve. About 92% of that debt — […]
Read More(Bloomberg) — Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week. Individually the extra production is small, but if the other dozens of public and private operators across the […]
Read More(Bloomberg) — The U.S. is set to give the mining industry a key tool to boost domestic production of metals behind the energy transition — but nothing that speeds up efforts to dig ore out of the ground. President Joe Biden is poised to add battery metals to the list of items covered by the […]
Read More(Bloomberg) — Oil prices may have eased, but gasoline at the pump hasn’t — a familiar problem for the Biden administration grappling with elevated inflation in the U.S. West Texas Intermediate crude futures, the U.S. benchmark, have dropped from multi-year highs above $120 a barrel touched after Russia’s invasion of Ukraine, but the national average […]
Read More(Bloomberg) — Oil industry executives are meeting with U.S. officials this week as surging energy prices and mounting national security concerns bring together two groups that have had a distant relationship since President Joe Biden’s inauguration. Department of Energy officials including Secretary Jennifer Granholm will meet with representatives from Exxon Mobil Corp., Shell Plc and […]
Read More(Bloomberg) — The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale. The Biden administration, which has made climate one of its policy pillars, has more than once asked OPEC+ to raise crude production to tame energy prices […]
Read More(Bloomberg) — The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to top $4 per gallon amid the Russia-Ukraine conflict. The Interior Department warned of delays in new drilling permits after a Louisiana-based federal district […]
Read More3 ways to reduce student loan debt before Biden’s payments freeze ends Americans who were worried about federal student loan payments resuming in October stopped sweating after President Joe Biden’s administration decided to extend the freeze on payments and interest for an additional four months. That means the roughly 42 million federal student loan borrowers […]
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