President Muhammadu Buhari apologized “to all sections of the society” in a statement Wednesday for Nigeria’s increasingly critical shortages of gasoline and other petroleum fuel products, as well as a rotting electric grid that collapsed twice this week, leaving the entire country in the dark.
Airlines in Nigeria warned this week that they were days away from running out of jet fuel, and business groups demanded the government act to stabilize petroleum product availability nationwide, Nigeria’s Vanguard reported on Wednesday, as Africa’s largest oil producer struggles to refine any of its supply.
This week’s drop in the price of oil appears to be related to news that China’s economy may be slowing down due to rising coronavirus infections.
The White House on Thursday claimed drillers have enough “tools” to produce more oil, while banks have cut oil drilling funds.
The global bank of Credit Suisse in the last two years has defunded the oil, gas, and coal industries by 41 percent due to Democrat-pushed theories of global warming.
Former Speaker of the House Newt Gingrich blasted President Biden’s failed energy policies Wednesday, placing the blame for skyrocketing oil prices squarely on Biden’s shoulders.
Leaders from Saudi Arabia and the United Arab Emirates (UAE) have reportedly refused to take phone calls from President Joe Biden during the Ukraine crisis, after he snubbed them repeatedly during the first year of his administration.
In 2020, Trump notably predicted that gas prices under Biden would reach $7.00 per gallon, which came true this week.
The average price of gas on Tuesday jumped 11 cents in one day, surpassing 2008’s former record high of $4.103 per gallon.
Multiple news outlets reported that a ban on Russian oil and natural gas is expected as soon as Tuesday.
Rising gasoline prices are also driving up expectations for broader inflation.
Nine out of the top ten states with the most expensive cost of gas per gallon are led by Democrats, according to the report.
Sen. Marco Rubio (R-FL) on Monday slammed the Biden administration’s secret oil meeting with Venezuelan President Nicolás Maduro as a “huge PR boost” for the socialist regime.
Oh, and guess what… By a margin of 55 to 27 percent, Democrats — Democrats! — want to see domestic energy production encouraged.
Multiple major corporate media outlets in America reported this weekend that President Joe Biden sent a delegation to Venezuela to meet socialist dictator Nicolás Maduro, reportedly to discuss buying Venezuelan oil.
Oil prices surged higher on fears of sanctions against Russian energy.
An effective American president would increase U.S. energy, thereby reducing the funds Putin is using to kill Ukrainians. But while Russia is waging a hot war in Ukraine, the Democrats are more interested in waging World War E.
Hey Joe: What did you say about cutting our costs?
Gas prices have spiked again and may continue as the national average hit $3.72 and President Joe Biden’s stance regarding fossil fuels drives surging oil costs.
Still stung by the last boom and bust cycle, and wary of Green New Deal-style anti-fossil fuel rules, U.S. oil producers remain hesitant to expand production.
The international coordinated release of strategic reserves last year failed to keep prices down. But President Biden wants to do it again anyway.
It’s like someone has put a neon sign flashing #BIDENFLATION on the White House lawn and the Biden’s are scrambling to pull the plug.
OPEC and allied oil producers agreed to increase production in February because they see demand remaining strong.
During my vice presidential debate against Biden in 2008, he had no solutions to the problem of high gas prices then; and 13 years later, he remains as clueless.
Biden tries to pass the buck for inflation to gas stations. The data do not support his claim.
Oil prices rose above $82 a barrel on Tuesday morning after the Biden administration announced the U.S. and other nations would release tens of millions of barrels of oil from reserves in a ploy to lower prices.
A cold winter would send natural gas prices up 46 percent and heating oil prices up 54 percent, according to the Department of Energy.
A recent report from CNBC indicated Americans are paying the highest prices for gas in the last seven years, and some cities have gas prices as high as $5 per gallon.
His Fraudulency Joe Biden is blaming high energy prices on people of color instead of himself, even though he’s worked overtime to increase prices on everything, most especially energy.
K.T. McFarland noted how the Biden administration’s energy policies benefit Russia by driving up the price of oil in an interview on Friday’s edition of SiriusXM’s Breitbart News Daily with special guest host Joel Pollak.
The Suez Canal blockage, affecting global oil shipping, is a reminder of how important U.S. energy independence remains.
The MV Ever Given clogged one of the most vital shipping routes in the world, after its route traced a familiar shape in the Red Sea.
Venezuelan dictator Nicolás Maduro appointed senior official Tareck El Aissami – wanted by ICE for drug trafficking and widely believed to be Maduro’s primary link to Hezbollah – the country’s oil minister on Monday.
Many nations in Africa face potential devastation by the recent collapse of oil prices due to the Chinese coronavirus pandemic, and reports this week indicate the damage has already begun.
President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.
The global oil price collapse is a historic “opportunity” to “bottom out” Chinese energy assets and increase reserves, the communist country’s state media reported on Tuesday.
Gov. Jim Justice praised President Donald Trump’s handling of the coronavirus outbreak while warning of a looming “full-fledged depression.”
The June futures contract price for WTI has plunged below $12.
The lowest prices and steepest decline ever recorded.
Prices for futures contracts expiring tomorow are down nearly 40 percent Monday mornning.
