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Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check

By Timothy Puko Photo: Adrees Latif, Reuters

The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this winter—as it tries to head off the potential for more market shocks and high prices, according to senior administration officials.
President Biden plans to address the nation on gasoline prices Wednesday as midterm elections near and the clock runs down on previously planned releases of government reserves that have helped temper prices at the pump.


Big oil companies are spending millions to appear ‘green.’ Their investments tell a different story, report shows

By Lauren Kent

Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don’t live up to their planet-friendly claims, according to a new report.


Big Oil, flush with cash, is failing on climate pledges

By Allison Morrow

In the peak of 2020 lockdowns, giant oil companies had a wake-up call. Demand had cratered, sapping profits, and it wasn’t clear when it would end. That gave environmentally minded investors an in. The pitch: Get on the clean and green path or perish.


How the oil and gas industry is trying to hold US public schools hostage

By Leanna First-Arai Composite: Getty Images

The oil and gas industry wants to play a word-and-picture association game with you. Think of four images: a brightly colored backpack stuffed with pencils, a smiling teacher with a tablet tucked under her arm, a pair of glasses resting on a stack of pastel notebooks, and a gleaming school bus welcoming a young student onboard.


Interior Department to resume oil and gas leasing, charge higher fees

By Anna Phillips Photo: Eli Hartman/AP

As pressure increases on the Biden administration to lower the price of fuel, the Interior Department announced on Friday plans to hold its first onshore oil and gas lease sales since President Biden took office.


New York shows the challenges of phasing out fossil fuels

By Maxine Joselow Photo: Hans Pennink/Associated Press

In December, when the New York City Council voted to ban natural gas use in new buildings, environmentalists in the Big Apple barely stopped to celebrate.


Why aren’t U.S. oil companies increasing production faster?

Illustration: Sarah Grillo/Axios

Gas prices have of $4.318 per gallon as of Thursday morning (not ), with the prospect of going even higher.


AP Source: Biden to ban Russian oil imports over Ukraine war

By Zeke Miller, Mike Balsamo, and Josh Boak Photo: AP Photo/Andrew Harnik

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.


Swap Russian gas for renewables, EU tells member states

By Joe Lo Photo: Paul Langrock , Greenpeace

The EU is urging its 27 member states to use taxes on energy firms and polluters to fund a transition from Russian gas to clean energy sources for heating, cooking and electricity.


The Truth About Russia’s War: Our Addiction To Oil Gives Putin Power

By Mark Brownstein Photo: Adam Berry , Getty Images

Russia’s invasion of Ukraine is alarming and wrong — recognized by governments across the political spectrum as a dangerous assault on peace and stability.