The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.
Category: Energy Department
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US Approves Aid to Extend Life of California Nuclear Plant
The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Ahead of the Midterms, Energy Lobbyists Plan for a Republican House
The oil and gas industry is already setting priorities for at least partial G.O.P. control in Congress, with a particular focus on undercutting a Biden administration program to shift away from gas for home heating.
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U.S. to Release Millions More Barrels of Oil to Contain Gas Prices
The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
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Charles W. Duncan Jr., Energy Secretary in Oil Crisis, Is Dead at 96
Heir to a Houston coffee fortune and a former president of Coca-Cola, he joined President Jimmy Carter’s cabinet in 1979 as oil shortages roiled the nation.