oil and gas
Germany’s Largest Residential Landlord to Impose Heating Rationing For Tenants
Germany’s largest residential landlord which owns around 490,000 properties is set to impose energy rationing that will cut heating to tenants at night in response to falling gas imports from Russia.
Vonovia “will cut the heating output between 11 p.m. and 6 a.m. to 17 degrees Celsius,” reports Reuters, adding that the company hopes the measures will save up to 8% of heating costs.
Residents have already been informed that they will face huge spikes in heating bills as a result of Germany being forced to respond to Russia restricting supplies via the Nord Stream 1 pipeline.
How Banning Alberta Oil Benefits Saudi Arabia, And Possibly Justin Trudeau
As federal Canadian politicians pat themselves on the back regarding climate change leadership, tanker-loads of foreign oil are delivered regularly to Eastern Canadian refineries, including increasing volumes from Saudi Arabia.
As published by the Financial Post, the Saudis have conducted a “not-so-subtle campaign of economic warfare against Canada and others to permanently cripple their respective oil industries.”
“Strangely enough, Canada is helping them do it.”
Is The Global Climate Agenda Dead? G7 Turns To Fossil Fuels Amid Energy Crisis
The war in Ukraine is heavily restricting fuel imports, with Russia cutting off European access to the Nord Stream pipeline and the US imposing a fuel embargo on Putin. As a result, the U.S. and European countries are abandoning their climate agenda to return to fossil fuels.
Embarrassing: Biden’s Grand Energy Plan Just Got Blown Up…By the French President
Biden’s energy plan is toast. It got blown up. It shows Biden being outmaneuvered by our allies. The way it was done also shows that Europe knows this presidency needs to be pushed along—a lot. It was the clearest sign of the weakness exhibited by Biden. The gross incompetence is pervasive. Within earshot of reporters, you can see French President Emmanuel Macron telling Biden that the United Arab Emirates is already at capacity with oil production and that Saudi Arabia cannot produce much more either.
Gas prices could reach ‘apocalyptic’ levels during hurricane season, oil expert warns
Gas prices could climb well above their current near-record levels to “apocalyptic” heights if hurricane season results in significant disruptions for US oil refiners, an industry expert warned Friday.
The national average gas price was hovering at roughly $4.93 as of Friday or about nine cents lower than its all-time high reached on June 14. Oil prices have also ticked slightly lower, holding at about $107 per barrel after trading near $120 earlier in the month.
But positive trends and efforts to lower prices could be “overwhelmed if we have an active tropical season” that impacts domestic refining efforts in the Gulf of Mexico, OPIS energy analysis global head Tom Kloza told Fox Business Network on Friday.
Biden is proposing a federal gas tax holiday. Here’s how much it would save drivers.
If approved by Congress, the proposal would suspend the 18-cent-per-gallon federal tax on gas. Drivers of sedans, with an average tank size of 15 gallons, would save almost $3 on full fuel-ups, an NBC News estimate found. And drivers of 36-gallon-tank trucks would save almost $6.50 every time they filled up their tanks.
So I would pay $72 instead of $75. Thanks Joe, that really helps!
Biden Administration Quietly Raised Amount of Ethanol Required in Summer Blend Gasoline from Ten Percent to Fifteen, Three Predictable Problems Will Surface Soon
Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply. The previous amount of 10% (summer blend) was raised to a year-round 15% (waiver) by the Environmental Protection Agency (EPA). This is likely to lead to two sets of bigger issues, less food and higher gas prices.
Biden desperately needs more oil, so why is he canceling leases?
In multiple recent appearances, President Joe Biden has knowingly repeated an untruthful statement about the amount of oil being produced in the United States at this time. Over and over again, he has said either that the U.S. is producing record amounts of oil per day or that it is “approaching” record levels of production.
ESG Energy Crisis: U.S. Rig Count Drops Despite Soaring Oil Prices
The decline appears to be due to a fall in the number of offshore Louisiana rigs. The rig count in Louisianna, counting both natural gas and oil, fell by three. Texas and Oklahoma added one rig each, although it is not clear in the data if these were oil or natural gas.
Canada added total of 15 oil rigs in the week.
Ontario Liberal candidate says there is a “silver lining” to rising gas prices
Ontario Liberal candidate Granville Anderson has said there is a “silver lining” to record high gas prices – namely, that it may “take…pollutants off the road” and force people to find alternate modes of transportation.
Rising Gas Prices Could Lead to Rationing, Expert Warns
Gas prices have continued to rise in recent days. This week in California it reached a new record average of $6.02 per gallon, leaving the other states behind and affecting the national average, which already exceeds $4.5 per gallon.
According to the American Automobile Association (AAA), California fuel prices two days ago were between $5.72 and $6.76 per gallon in that state. According to AAA data, all states have now averaged above $4.00 per gallon. The increase is mainly due to the high cost of oil, which is around $110 per barrel.
Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends average price soaring to $4.57 – almost twice the $2.41 during Trump’s final month
A spokesperson for ’76’ gas stations confirmed that the national chain has begun reconfiguring its pumps to ‘make room’ for the possibility of double-digit prices, The Post Millennial reported.
The spokesperson for ’76’ did not comment on whether the company is expecting prices to reach $10.00-a-gallon, The Post Millennial said.
Meanwhile, other gas stations in the state have begun running out of gas as supplies become crunched, with reports saying at least 10 stations have run dry.
RUNNING ON EMPTY: America’s Diesel Stockpiles Are Rapidly Dwindling, Fuel Rationing On The Horizon
The U.S. stockpile of diesel fuel, which is vital for the transportation sector and economy at large, hit a nearly two-decade low as fuel prices hit a record high Wednesday.
The nationwide stockpile of distillate fuel oil — a category that includes diesel and fuel oil — declined to about 104 million barrels, the lowest level since May 2005, the Energy Information Administration (EIA) reported Wednesday. East Coast inventories declined to 21.3 million barrels of diesel fuel or about two weeks worth of supply, the lowest level since data was first recorded in 1990.