** The U.S. government reported a modest weekly fall in domestic crude supplies, but said gasoline inventories climbed by more than three million barrels on the back of a decline in implied demand for the fuel. ** EVs are about to get more expensive. Toyota has sold too many electric and hybrid vehicles to qualify for …
Category: EPA
Other headlines
** The United States wants to end its “undue dependence” on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said. ** President Joe Biden on Friday blocked a freight railroad strike for at least 60 days …
Other energy headlines
** Berkshire Hathaway Inc, run by billionaire Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp, giving it a 19.2% stake in the oil company. ** Partisan debate erupts over the Biden administration’s draft offshore drilling plan, with Senate Democrats saying it doesn’t do enough to fight climate change and Republicans arguing …
Energy news in brief around the US and world
** Democratic lawmakers on Tuesday asked U.S. customs officials to explain why three major Chinese solar energy companies were excluded from a list of importers whose products are banned under a new law aimed at cracking down on forced labor. ** White House sources say the Biden administration is opening the door to approving major fossil fuel projects — …
Headlines of more energy stories
** According to a recent Reuters report, the U.S. sent more than five million barrels of oil from its SPR to Europe and Asia last month. Reuters reported that Phillips 66 shipped around 470,000 barrels of crude oil from a storage site in Texas to Italy. ** The global price of oil could surge by 40% to around …
Headlines of other energy stories
** Secretary of State Antony Blinken on Monday said the U.S. supported Canada for its decision to help Germany import natural gas from Russia despite global sanctions aimed at bankrupting the Kremlin over its war in Ukraine. ** Vietnamese automaker VinFast will open six U.S. dealerships this week and 30 by the end of 2022, all in …
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** An Energy Transfer natural gas transmission pipeline exploded on Thursday, setting off a two-hour fire in a rural area on the west edge of Houston, according to state and local officials. The blaze was extinguished at about 12:10 p.m. CDT , according to the Texas Railroad Commission, which regulates oil and natural gas drilling and …
Headlines of other energy news stories
** The Department of Energy is opening up funding to states and tribes to strengthen their power grids against extreme weather events. ** A growing number of consumers are eager to buy a battery electric vehicle, especially if certain concerns related to EV ownership are addressed, such as creating greater access to charging, extending vehicle range, and lowering purchase prices, according …
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** Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its first-quarter earnings. ** Ring Energy Inc. agreed on July 5 to acquire Stronghold Energy, a privately held E&P with a position in the Permian Basin’s Central Basin Platform, in an …
Supreme Court ruling impacts central Texas power plants
Central Texas power plants are among those directly affected by the U.S. Supreme Court ruling that limits the authority of the Environmental Protection Agency. The ruling put the brakes on the EPA’s attempted control of power plants that contributed to global warming reported KVUE TV in Texas. Click here for KVUE TV