oil consumption

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Republicans seize on gasoline prices, but the U.S. is pumping oil faster than ever

GOP presidential candidates are blaming pump prices on President Joe Biden’s clean energy policies, even though the U.S. is churning out record amounts of oil.
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Biden gives Chevron permit to restart Venezuelan oil sales

Biden gives Chevron permit to restart Venezuelan oil sales

The move could help ease global oil prices and speed the declines in U.S. gasoline prices.
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Bill McKibben: America’s car culture and the road not taken

Bill McKibben: America’s car culture and the road not taken

With its highways and suburbs, modern America was built around the automobile and powered by fossil fuels. The oil crises of the 1970s provided an opportunity to change course and move to renewable energy, but momentum proved to be very short-lived.

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Biden has 'only bad options' for bringing down oil prices

Biden has 'only bad options' for bringing down oil prices

The president’s trip to Saudi Arabia is unlikely to reduce oil and gasoline prices, and it is not clear that anything else he might do would work, either.
Chevron posts best quarter since 2014, as oil industry rebounds

Chevron posts best quarter since 2014, as oil industry rebounds

The company recorded a profit of $5.1 billion as global prices rose.
U.S. to see wave of coal power retirements, while oil output ramps up

U.S. to see wave of coal power retirements, while oil output ramps up

Coal plants will account for 85 percent of power capacity being retired in the U.S. this year, consistent with a long-term downward trend in coal burning, while U.S. oil output is expected to increase in 2022 and hit a new high in 2023.

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Amid troubles for fossil fuels, has the era of 'peak oil' arrived?
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Amid troubles for fossil fuels, has the era of 'peak oil' arrived?

For years, analysts have predicted that world oil consumption would peak and start declining in the coming decades. But with recent setbacks for big oil companies and the rapid advance of electric vehicles, some now say that “peak oil" is already here.

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