oil
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PublishedOctober 28, 2022
Oil giants rake in steep profits amid high energy prices
Gasoline eased somewhat towards the end of the quarter, but customers were still paying more than $3.79 a gallon of regular, on average, in late September.
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PublishedOctober 19, 2022
What is the strategic oil reserve, and can it lower gas prices?
With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.
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PublishedOctober 18, 2022
Biden to release 15 million barrels from oil reserve, more possible
President Biden will also open the door to additional oil reserve releases this winter in an effort to bring prices down.
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PublishedOctober 11, 2022
Biden vows ‘consequences’ for Saudis after OPEC+ cuts output
It remains to be seen how far President Biden is willing to go in showing his displeasure with Saudi Arabia, a vital but complicated ally in the Middle East.
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PublishedOctober 9, 2022
Climate bill positions big oil and gas companies to cash in
Billions of dollars of new subsidies for carbon capture technology are a signature component of the $370 billion climate package President Biden signed into law last month.
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PublishedOctober 8, 2022
The U.S. is the world’s largest oil producer. You’ll still pay more for gas.
When supply in the market contracts slightly – as it will with OPEC Plus's decision last week to cut production – that can affect prices in the U.S.
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PublishedOctober 5, 2022
OPEC+ makes big cut to oil production to increase prices
The Saudi oil minister rejects the implication that OPEC was assisting Russia, saying the discussion was in a nonpolitical 'silo' where the focus was prudent management of oil markets.
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PublishedSeptember 7, 2022
Maine Voices: The next American climate disaster can be averted
A huge oil drilling project known as Willow is set for the North Slope of Alaska. The plan makes a mockery of U.S. climate commitments.
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PublishedAugust 21, 2022
Our View: Use obscene oil profits to heat homes this winter
People in Maine and elsewhere shouldn’t struggle to buy essentials while multinational corporations make record profits.
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PublishedAugust 3, 2022
UN chief criticizes ‘grotesque greed’ of oil, gas companies
Antonio Guterres calls it 'immoral' that the largest of them made nearly $100 billion in profits in the 1st quarter.