Warren Buffett Shuns ESG, Invests in Fossil Fuels
Warren Buffett has been busy gobbling up shares of oil-producer Chevron. Berkshire Hathaway currently holds close to $26 billion in Chevron stock. Why is that?
Oil
Are There Any Adults in the White House?
We have previously noted that the oil production cut by OPEC+ was primarily engineered by Russia and Saudi Arabia, and that President Biden’s statements condemning Saudi Crown Prince Mohammed bin Salman, the country’s de facto ruler, might not have exactly persuaded that nation to work charitably with the United States. Now, from Business Insider: The …
US Oil Industry Trade Groups Mock Biden After OPEC+ Decision to Cut Production
After members of OPEC+ gave President Joe Biden the double-barreled middle finger on Wednesday by announcing they would be cutting oil production by 2 million barrels per day, U.S. oil industry trade groups couldn’t resist the temptation to mess with him a little over the snub. In one post, the U.S. Oil & Gas Association …
Biden Administration Sold 950,000 Barrels of Oil from Strategic Reserves to Chinese Company Tied to Hunter
With energy prices putting the squeeze on household budgets throughout the country, the Biden Administration announced plans in April to tap into the U.S. Strategic Petroleum Reserve to lower gas prices. At the time, a Department of Energy news release said this action would “address the pain Americans are feeling at the pump as a result …
Drilling 101, by Citizen Writer: Greg Beck
President Biden and his team have acknowledged in recent weeks that there is not much he can do to address soaring gas prices and inflation, and the actions he has taken so far, such as a record-breaking release of oil from the country’s strategic reserves, have not worked. This past Tuesday he continued his denigration …
It’s The Oil Stupid!
The Biden Administration is clueless on why Putin is invading Ukraine and worse, why it is important to these United States.