December 5, 2023 archive

Energy department admits nation’s oil reserve can’t be refilled quickly

  The number two official in the Energy Department admits the Biden administration might not be able to take a total advantage of falling oil prices in a move to refill the nation’s Strategic Petroleum Reserve. Deputy Energy Secretary David Turk told Bloomberg TV that maintenance and physical constraints of the underground caverns where oil …

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Senators attempt to restore tax relief for oil and gas producers

  A bill that would give tax relief to small and mid-sized oil and gas producers in Oklahoma has been introduced by Oklahoma U.S. Sen. James Lankford and Senators from Wyoming, Montana and South Carolina. It was a move designed to counter Democrats and their effort to increase taxes on the oil and gas industry …

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