Oil Archives - Slay News

Biden Bans Mining in Minnesota’s Iron Range as State Democrats Pass Bill Banning Coal, Oil & Gas

President Joe Biden has banned mining in Minnesota's Iron Range at the same time as the state's Democrat lawmakers have passed a bill banning the use of coal, oil, and gas. The historic legislation passed in the Minnesota House of Representatives on Thursday, despite the state being one of the…

House Votes to Limit Strategic Petroleum Reserve Release, against Biden Admin’s Wishes

The Republican-controlled House of Representatives has passed a bill to limit the ability of President Joe Biden's administration to release America's oil stockpile. After a lengthy debate over numerous amendments, the House passed the bill on Friday, against the Biden admin's wishes. The move to protect the Strategic Petroleum Reserve…

Oil Executives Say Biden Is ‘Holding Us Back,’ Dallas Federal Reserve Survey Shows

American oil company executives argue that President Joe Biden's policies are restricting the energy industry, a new survey has revealed. The third quarter Federal Reserve Bank of Dallas Energy Survey suggests that U.S. oil and gas sector activity advanced at a strong pace, although the rate of expansion decelerated in…

Biden Snaps at Voter, Vows ‘No More Oil Drilling!’

Democrat President Joe Biden snapped at a voter during an event over the weekend and vowed that there will be "no more [oil] drilling!" On Sunday, Biden hosted a political rally at Sarah Lawrence College in New York for Democrat gubernatorial candidate Kathy Hochul. During Biden's address at the event,…

Saudi Arabia Hands GOP Evidence to Impeach Biden, Dooms Democrats

Saudi Arabia issued a devastating rebuke of Democrat President Joe Biden and handed Republicans their first article of impeachment when they take back the House of Representatives. A report has surfaced claiming Biden and his team asked the Saudis to wait until after the midterm elections before the Organization of…

Europe Facing ‘Worst Energy Crisis in Decades’ without Russian Oil

Experts are warning that Europe is now facing the "worst energy crisis in decades" without the flow of cheap Russian oil. In December, a European ban on most crude imports from Russia will come into effect. EU leaders are now tasked with finding new sources of crude oil ahead of…

Gas Prices Continue to Rise, Diesel Back Above $5 as ‘Ugly Inflation’ Returns

Gas prices are on the rise again in the United States as “ugly” inflation returns. While gas prices are rising, diesel is now back up over $5. The hikes come after months of volatility and are expected to increase further over the next few weeks, industry experts have said. In…

Biden Releases More Oil after OPEC Slashes Output

The Biden administration has moved to release more domestic oil after the Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC) and its allies surprised global energy markets on Wednesday by agreeing to slash crude production by 2 million barrels per day (BPD). The oil cartel thought it was necessary…

US Oil Industry Fires Back at Biden after OPEC Snub: ‘WH Has One Option Left’

The U.S. Oil & Gas Association has fired back at Joe Biden after the Democrat president was snubbed by the Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC). As Slay News reported Wednesday, OPEC will slash oil production despite the Biden administration begging the group to ramp it up.…

Biden Suffers Massive Defeat as Saudi-Led OPEC Slashes Oil Output

Democrat President Joe Biden has just suffered a huge defeat after the Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC) confirmed it will slash oil output. The move will hit Americans hard as global oil prices are now expected to soar even higher. As Slay News reported, Biden went…