House GOP leader: Oil from Iran, Venezuela to offset Russia would just pay other dictators
“We could be energy independent, but we could be energy dominant,” Rep. Kevin McCarthy told CNBC Wednesday.
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Analysts warn of recession if oil prices continue to surge further into 'uncharted territory'
The U.S. ban on Russian oil could exacerbate already-spiking oil and food prices, analysts warned, and that could set off a recession if escalated further.
CEO of a major oil company: Even if we start drilling today, we won't have oil for a year
“We've got to make sure the capital we spend generates an adequate return for our shareholders,” ConocoPhillips CEO Ryan Lance told CNBC.
This is why spiking oil prices and $5 gasoline may not lead to a recession
Much higher oil and gasoline prices increase the chances for a recession, but economists say the U.S. economy is resilient and should dodge one for now.
This is why spiking oil prices and $5 gasoline may not lead to a recession Read More »
Hess CEO says oil is in the 'intensive care unit' — U.S., other nations need to act
The International Energy Agency should release 240 million barrels of oil from strategic petroleum reserves, Hess Corp. CEO John Hess said.
Hess CEO says oil is in the 'intensive care unit' — U.S., other nations need to act Read More »
EU pledges to cut Russian gas imports by two-thirds before the end of the year
The 27-member bloc has been heavily criticized for being too reliant on Russia for energy, especially in the wake of Russia's unprovoked attack on Ukraine.
EU pledges to cut Russian gas imports by two-thirds before the end of the year Read More »
Americans are paying the most at the pump on record amid a surge in energy prices
Gas prices are at a new record as Russia's war on Ukraine disrupts global energy markets.
Americans are paying the most at the pump on record amid a surge in energy prices Read More »
JetBlue founder's start-up Breeze Airways plans to nearly double routes, add cross-country flights
Breeze Airways expects to take delivery of one Airbus A220 jetliner a month.
Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports
The U.S. has been considering whether to impose a ban on Russia's oil and gas exports as a way of punishing Moscow.
Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports Read More »
'There's just no way': Analysts say alternative supplies wouldn't be able to fully replace Russian oil
While there are alternatives to Russian oil, they would be insufficient or difficult logistically if the U.S. and its allies were to ban Russian energy imports, analysts said Tuesday.
