The Department of the Interior stated on Friday that onshore oil and gas lease sales on federal land would resume, with a higher royalty rate for corporations to pay to the government. On Monday, the Bureau of Land Management will publish notices of upcoming oil and gas projects for sale. The lease auction had been…
The White House announced Thursday that the US will release 1 million barrels of oil per day from its strategic reserves to help down gas prices and combat inflation across the country. According to a fact sheet provided by the Biden administration, President Joe Biden plans to utilise the nation’s Strategic Petroleum Reserve over the…
There are more than 1.8 million truck drivers in the US, yet all things considered, it’s insufficient. On Tuesday, the National Tank Truck Carriers raised the alert, cautioning that if more individuals don’t begin driving trucks soon, the country may encounter fuel deficiencies and cost increments. In a more typical year, maybe 10% of the…