for Oil and Gas
The United States is hooked on oil for transportation and Virginians are paying the price. We are the world’s largest consumer of petroleum, accounting for one-fifth of the world’s daily supply.
The U.S. recently jumped into the top spot as the world’s largest exporter of liquefied natural gas, overtaking Qatar and Australia.
The emergence of the Omicron variant in late November ended the year-long oil price rally, but analysts are still trying to gauge the full impact.
The oil and gas industry has tried to pin extreme market volatility on the clean energy transition and higher prices on government policies restricting fossil fuel production
A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide.
The U.S. government announced that it would release oil from the strategic petroleum reserve in coordination with a handful of other countries in an effort to tame oil prices.
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.
Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe.
The global spike in commodity prices has resulted in expensive gasoline, which is always a political headache for whichever political party is in power.
There’s no denying the salience of gasoline prices in domestic American politics.