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Mar 25 2020
This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:
THE QUICK FACTSSaudi Arabia and Russia are locked in an oil price war that has dropped the price of crude oil from about $45/barrel to about $23/barrel. With the American shale oil industry in peril, many now look to the United Abridge News
Dec 04 2023
Gas prices have steadily fallen for months. Will this trend continue?
Details: The average national price for a gallon of gas currently sits at $3.24, a 26 cent drop from less than a year ago. Texas, Oklahoma, and Mississippi are experiencing the lowest prices, with costs per gallon sitting roughly around $2.75.
Why? The declining prices are being attributed partly to decreasedNew York Times (News) MarketWatch Fox Business
Jun 10 2022
Inflation accelerated to 8.6% in May, spurred by rising gas, food and transportation prices. What can be done to stop this trend and prevent a recession?
Speaking at the Port of Los Angeles on Friday, President Joe Biden framed inflation as a global problem exacerbated by “Putin’s price hike.” Inflation is indeed global — India is facing 7.79% inflation, and the U.K.’s central bank isNewsweek National Review (News) CNBC
Apr 17 2023
Foreign ministers from G7 countries committed to accelerate their transition to renewable energy and to unite against “coercion” from China in the first days of a summit in Japan.
Renewables: On Sunday, the group committed to reaching net-zero greenhouse gas emissions by 2050. However, many news sources noted the absence of an agreement on limiting the use of coal.
China:The Epoch Times Associated Press The Japan Times
Oct 12 2022
Key Facts: The Biden administration is working on plans to allow Venezuelans with financial sponsors to enter the U.S. under a humanitarian parole program similar to the one used for Ukrainian refugees, officials told multiple outlets.
Key Quote: An internal DHS memo obtained by The Daily Caller (Right bias) in September attributed Venezuelans’ increased desire to come to the U.S. to “Associated Press The Daily Caller Wall Street Journal (News)
Jun 22 2022
President Joe Biden called on Congress and state governments to suspend taxes on gas and diesel for three months.
While Biden has faced strong pressure to do something about high gas prices, leaders from both parties in Congress have expressed skepticism or outright opposition to a gas tax holiday. Addressing these concerns, Biden said he understood that “the gas tax holiday alone isThe Hill New York Times (News) The Daily Wire
Mar 20 2022
The International Energy Agency has proposed a 10-point plan to cut oil use amid the emerging global energy crisis "triggered by" Putin's invasion of Ukraine.
Most of the advised measures in the IEA's 10-point plan will "require changes in the behavior of consumers, supported by government measures." If fully implemented, the Paris-based organization estimates that "advanced economies"Financial Times The Daily Caller CNN Business