An attack in the Mideast led to an oil embargo in the West, and Mainers learned just how precarious their energy situation could be. The repercussions remain.
oil
Posted inBusiness, Nation / World, News, Politics
What is the strategic oil reserve, and can it lower gas prices?
With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.
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Posted inNation / World, News
Biden to release 15 million barrels from oil reserve, more possible
President Biden will also open the door to additional oil reserve releases this winter in an effort to bring prices down.
Posted inBusiness, Nation / World, News
The U.S. is the world’s largest oil producer. You’ll still pay more for gas.
When supply in the market contracts slightly – as it will with OPEC Plus’s decision last week to cut production – that can affect prices in the U.S.
Posted inBusiness, Maine
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
Posted inBusiness, Maine
Home heating oil prices in southern Maine hit nearly $6 per gallon
With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.
Posted inBusiness, Maine, News, Politics
Mills signs bill requiring state to alert communities to federal air quality violations
The new law comes after South Portland residents complained they were not notified of air quality violations from a petroleum tank farm along the Fore River.
Posted inNation / World, sj-web
U.S. says conserving oil no longer an economic imperative
WASHINGTON (AP) — Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs. The position was outlined in a memo released last month in support of the administration’s proposal […]
Posted inNation / World, sj-web
Donald Trump pressed aides on Venezuela invasion, U.S. official says
BOGOTA, Colombia (AP) — As a meeting last August in the Oval Office to discuss sanctions on Venezuela was concluding, President Donald Trump turned to his top aides and asked an unsettling question: With a fast unraveling Venezuela threatening regional security, why can’t the U.S. just simply invade the troubled country? The suggestion stunned those […]
Posted inLewiston-Auburn, sj-web
Local company’s free oil pumps up Valentine’s Day heat
Gilman Dube stood in his front doorway early Wednesday, his face revealing a look of utter surprise. He knew he had not ordered heating oil, but the familiar faces of his oil delivery men were at his door. One of the delivery men was holding flowers and a box of chocolates. “We’re here to wish you […]