Tag: Oil

WASHINGTON (AP) — The Biden administration on Friday recommended an overhaul of the nation's oil and gas leasing program to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water.

President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America's strategic reserve, aiming to bring down gasoline and other costs, in coordination with other major energy consuming nations including India, the United Kingdom and China.

The days when oil companies could credibly deny they gouge California drivers in fairly regular cycles should now be over. Just three years ago, reports from the Consumer Watchdog advocacy group...