A huge oil drilling project known as Willow is set for the North Slope of Alaska. The plan makes a mockery of U.S. climate commitments.
oil
Posted inEditorials, Opinion
Our View: Use obscene oil profits to heat homes this winter
People in Maine and elsewhere shouldn’t struggle to buy essentials while multinational corporations make record profits.
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Posted inNews
UN chief criticizes ‘grotesque greed’ of oil, gas companies
Antonio Guterres calls it ‘immoral’ that the largest of them made nearly $100 billion in profits in the 1st quarter.
Posted inMaine, News
Gov. Mills seeks more federal aid for heating assistance
With 60 percent of homes relying on oil heat, Gov. Janet Mills said residents are ‘distinctly vulnerable’ to high oil prices this winter and more funding is needed for the Low Income Home Energy Assistance Program.
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, Nation & World
Oil prices surge, gas hits new high after EU cracks down on Russia
The U.S. average for a gallon of gasoline now stands at $4.62.
Posted inBusiness, Nation & World
Europeans weigh costs of cutting Russian energy over Ukraine
European Union countries import 40 percent of gas and 25 percent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years.
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, Nation & World
Biden shrinks U.S. land open for new oil and gas drilling
Oil industry advocates argue the U.S. can’t afford to restrict oil and gas development on federal lands and waters that provide nearly a quarter of the nation’s crude production.