Energy
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Trump hesitates to commit to gasoline tax holiday a couple weeks after calling it 'a great idea'
"Well, it's something we might talk about. We'll see what happens in the next week or two weeks," Trump told reporters.
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Dow Jones hits new record as oil prices continue to decline to below $90 per barrel
West Texas Intermediate oil prices, the American benchmark, dropped below $90 per barrel on Wednesday afternoon, a drop from $105.42 on May 15.
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Appeals court hears states' case to end Energy Dept's emergency order to keep open aging coal plants
The case is being brought by Michigan, Minnesota, Illinois and nine nonprofit groups.
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Honda posts first losses in 70 years following its costly bet on electric vehicles
The automaker reported a net loss of $2.7 billion for the fiscal year ended March 31.
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Trucking, construction trade groups voice opposition to Trump's proposed gas tax holiday
The industries rely on transportation infrastructure, which is funded by the federal taxes on gasoline and diesel.
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Microsoft is losing ground on climate ambitions as hunger for AI demands more power
While the company has touted its ambitious climate goals over the years, the hunger for energy, driven by the development of artificial intelligence, is pushing those goals to the back seat.
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Energy Department to loan out million of barrels of oil from reserves to help bring down oil prices
Oil exchanges, as they are called, allow the DOE to loan out oil to companies who later pay back to the oil with extra barrels, which functions like interest on a loan.
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Trump says temporarily suspending federal gasoline tax 'a great idea'
The federal government's excise tax is about 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel, which generates approximately $500 million per week for construction and repair of roadways, as well as other transit projects.
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Oil prices rise after Trump rejects Iran's proposal to end conflict, as markets seesaw over events
Latest price hike reflects energy prices either going decreased up or down depending upons events that suggest the war will continue or end.
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China directs companies to disregard Trump oil sanctions on Iran, testing US resolve to enforce them
The refineries are in the position of either complying with the Chinese Communist Party's order or complying with U.S. sanctions.
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Scientific review of whale species may deprive activists of weapon against Gulf oil production
The Rice's whales have been a cudgel anti-fossil fuel activists have used to impede oil and gas development in the Gulf of America ever since the whales were identified as a distinct species in 2021. New research suggests they're not a distinct species, meaning that if they're not, they are not part of an endangered population.
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Oil prices plunge amid report US, Iran conflict will end soon
The sudden change comes after gas prices rose Monday to a national average of nearly $4.50 a gallon.