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Mar 31 2022
News
Ukraine Live Updates: Biden to Tap U.S. Oil Reserves as War Enters 6th Week
The price of oil, which has been surging since the war began, dropped. With shelling around Kyiv continuing, the U.S. and its allies remained skeptical of Moscow’s pledge to scale back its offensive.
With the war in Ukraine and the network of sanctions against Russia’s energy industry disrupting global fuel supplies, President Biden will announce on Thursday a plan to release up to 180
New York Times (News)
Oct 27 2022
News
Saudi Minister: Using Emergency Oil Reserves ‘May Become Painful in the Months to Come’
As the Biden administration ponders the path ahead in its strained relationship with Riyadh over oil production cuts, the Saudi energy minister has warned that decisions by some to use emergency oil stocks “may become painful in the months to come.”
Abdulaziz bin Salman said that “people” were using emergency oil reserves to manipulate markets rather than their intended purpose of
CNBC
Mar 09 2020
News
The oil market meltdown and its global impact
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States.
The spat between these vital oil suppliers comes at a critical moment; the coronavirus outbreak is squeezing economies around the
Associated Press
Aug 02 2022
Analysis
Weeks After Biden Fist-Bumps Saudi Prince, US OKs $5 Billion in Gulf Arms Deals
Peace campaigners on Tuesday decried the Biden administration's approval of more than $5 billion in missile sales to Saudi Arabia and the United Arab Emirates, a move that came weeks after U.S. President Joe Biden visited the leaders of both countries despite pleas from human rights defenders.
The U.S. Department of Defense said the U.S. State Department approved the $3.05 billion sale
Common Dreams
Oct 20 2022
Perspectives Blog
Amid International Tension and Gas Prices Creeping Higher, Biden Taps Oil Reserves
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President Joe Biden announced the sale of more U.S. oil from reserves this week and signaled a willingness to sell more, in an attempt to calm oil market uncertainty and keep U.S. gas prices from rising more. "With my
AllSides Staff
Jul 18 2022
News
Biden Secures No Immediate Oil Output Boost Pledges, But US Officials Hopeful ‘in the Coming Weeks’
While the administration is not expecting Saudi Arabia to boost oil output immediately as a result of President Biden’s Mideast trip, officials are voicing confidence that the weeks ahead may see Gulf producers increase production.
They are also looking to the next meeting of the Organization of Petroleum Exporting Countries and allied producers (OPEC+) in a little over a fortnight’s
CNSNews.com
Oct 18 2022
News
Biden admin officials considering trying to discourage American companies from expanding business ties with Saudi Arabia
Biden administration officials are considering trying to discourage American companies from expanding business ties with Saudi Arabia as part of a U.S. response to a recent Saudi-led push by oil-producing countries to cut global production, said three current and former U.S. officials familiar with the discussions.
The administration also will not send any U.S. official to Saudi Arabia
NBC News Digital
Nov 23 2021
Fact Check
Are Donald Trump's California Gas Price Claims Accurate?
Rising fuel costs have become a major talking point for Republicans, who blame the Biden administration's energy policies. Donald Trump has weighed in on the debate, contending that under President Joe Biden California has seen gas prices surge to $7.50 a gallon, noting that people are paying four times more than when he was president.
That's up from "$1.87 a year ago," Trump told Fox
Newsweek
Sep 28 2012
Candidate Stances
Pro-jobs, pro-market, pro-American
An affordable, reliable energy supply is fundamental to a prosperous and growing economy. With the right policies in place, America can become an energy superpower – and we can end our expensive and dangerous dependence on OPEC.
Mitt Romney
Jun 11 2022
Analysis
Biden Is Still Worried About Poking the Russian Bear
Russia’s full-scale invasion of Ukraine is more than 100 days old, and despite providing enough U.S. military aid during that time to nearly double Kyiv’s defense budget, the Biden administration remains concerned about provoking Russia into a wider war, a stance that has frustrated many in Washington and Eastern Europe.
Even after U.S. President Joe Biden signed off on providing the
Foreign Policy