Fears of a global energy shortage are rising amid new revelations about damage inflicted last week on a key oil pipeline in Saudi Arabia. According to a Monday report in The Associated Press, Saudi Arabia’s East-West Pipeline, which is used to transport oil to the Red Sea, will be shut down for weeks after being hit last Thursday by a drone strike. Anonymous officials in the region told…
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A new analysis suggests that Supreme Court Justice Samuel Alito gained as much as $2.9 million in assets from growth in stocks relating to the oil and gas industry over the course of the past two decades. The analysis from the nonprofit watchdog group Court Accountability found that Alito’s assets (not including his personal housing properties) expanded by between $3.4 million and as much as…
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The U.S. Environmental Protection Agency announced proposed changes Monday that would allow gas power plants, data centers and factories to begin construction on non-polluting components such as piping, wiring, cement pads and other support structures before obtaining air-emission permits. EPA Administrator Lee Zeldin said in a news release that the “proposal works to provide solutions to…
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U.S. President Donald Trump’s unprovoked war of choice in Iran has been a goldmine for the fossil fuels industry, which is earning massive windfall profits thanks to the rise in the price of petroleum. An analysis published by The Guardian on Wednesday estimated that the 100 biggest oil and gas companies have collectively raked in an extra $30 million per hour since Trump launched his war…
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The deadly war launched by the United States and Israel against Iran has led to serious military and economic impacts across the region that produces much of the world’s oil and gas. A global spike in fuel prices could further inflame an affordability crisis that President Donald Trump has repeatedly called a “hoax” created by Democrats. However, higher oil and gas prices would be a boon for…
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A separation movement in the Canadian province of Alberta claims to be gaining steam, and its leaders say they now have a meeting booked with U.S. Treasury Department officials. They will be asking for a line of credit worth $500 billion in U.S. currency to help transition Alberta from a Canadian province into a U.S. state. Led by businessman Mitch Sylvestre, the Alberta Prosperity Project…
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