Stay updated with breaking news from United statesgas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Biden officially announced the U.S. will again tap its strategic oil reserve — this time, to the tune of one million barrels per day for six months. ....
By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog After over a decade of the much-hyped U.S. fracking miracle, the U.S. oil and gas industry is having to deal with years of losses and falling asset values which has dealt the industry a serious financial blow. This is despite the fracking revolution delivering record oil and gas production for the past decade, peaking in 2019. While the pandemic has hurt the industry, companies have also benefited from excessive bailouts from pandemic relief programs but these bailouts are a stop gap financial band-aid for the struggling industry. ....