Oil Reserves

U.S. Energy Secretary Jennifer Granholm reportedly said on Monday that President Joe Biden will veto the HR21 Bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve if it passes Congress. “So I’ll be very clear: If Congress were to pass HR21, the...

Anatole Kaletsky, an economist and journalist wrote an op-ed in The Guardian which argued that western oil firms must "innovate or die." According to Kaletsky, western oil companies have already announced investment reductions of around $200 billion throughout 2015 amid low oil prices...