US gas prices could hit $5 a gallon or more after Russia’s Ukraine invasion Soaring US gas prices are likely to get even worse after Russia launched a full-fledged invasion of Ukraine — with some experts warning that costs could climb to $5 per gallon or higher in the coming months. As crude oil prices continue to surge, the national average of a [...]
One issue more than any other will dominate airtime and influence policy in 2022: energy. Americans are seeing the highest prices at the pump in seven years. Since Biden took office, average gas prices are up by more than $1 a gallon. In November, gas prices in Mono County, California hit more than $6 per gallon, forcing some residents to drive to Nevada (where gas taxes are lower) to buy fuel.
While most Americans have never heard of it, the Interior Department’s five-year plan for offshore energy development is essential to maintaining our basic standard of living and keeping the prices for thousands of everyday goods and services low. At a time of record inflation and sky-high energy costs, it is critical that the Biden Administration show its energy and environmental leadership by moving forward with this offshore energy plan.
We wouldn’t worry about natural gas and coal being phased out just yet. A stink load of electricity generation will be required to retire natural gas and coal. You need batteries to provide power when the sun isn’t shining and the wind isn’t blowing.
Engine No. 1 expects more bold proposals from shareholders after the high-profile success of the activist impact investor’s campaign that changed the board at oil and gas giant ExxonMobil.
Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter.
