# Oil
New Missile Attack on Erbil Highlights The Continual Rise of Tension Between the United States and Iran
The conflict between the United States and Iran has heightened for several years. Iranian forces have initiated and continued attacks by armed suicide drones and missile attacks on US bases purportedly. Much of the aggression is attributed to the killing of Qasem Soleimani, a high-ranking Iranian general of the Iranian Revolutionary Guard Corps. Soleimani was killed by US forces in an airstrike. Following the death of the Iranian general, multiple attacks on US bases, purportedly by Iranian forces, were initiated and continued over the years. [i]
Energy Dept. Says It Will Release 40 Million More Barrels from the Strategic Petroleum Reserve
On April 21, the U.S. Dept. of Energy (DOE) announced it will release an additional 40 million more barrels of oil from the Strategic Petroleum Reserve (SPR). This is on top of the 50 million it has already sold. The new release will be sold on May 24 on a bid-basis for delivery in June.
The Dystopian Movie "Don't Look Up" Comes To Life As Climate Activist Clashes With Interviewers
The wildly popular movie with stars like Meryl Streep, Leonardo DiCaprio, and Jennifer Lawrence depicted a "fictional" future of an apocalyptic event that destroys humanity as we know it.
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Your Unclaimed Property Helps Pay Utility Expenses for Struggling Households
The NJ Department of Treasury’s unclaimed property contributes $3.9 million to help pay for the utilities of NJ households struggling to make payments. The Department of Treasury’s Unclaimed Property Administration (UPA) accumulated a record of $3.9 million worth of unclaimed property, from financial accounts and other items of value never claimed by an owner, in 2021.
Biden's Historic Release of Oil Could Alleviate Gas Crisis
The United States is the largest producer of oil on the globe.(Gerasimov174/iStock) A statement from the White House was released today. United States President Joe Biden will be combatting inflated petrol prices by removing an estimated one hundred eighty million of the [current] five hundred sixty-eight million barrels of oil from the United States Strategic Petroleum Reserve.
The End Of The Dollar Hegemony
The future of oil lays in the hands of Saudi Arabia as the dollar grows more volatile.(William Potter/iStock) This week there has been more tension than usual around conversations regarding Saudi Arabia selling oil to China in Chinese yuan instead of American dollars. This wouldn’t be the first time China has offered to buy oil using yuan, but this would be the first time their offer is being seriously entertained. According to the Wall Street Journal this week, Saudi Arabia has been weighing the logistics of making the sale to China in yuan since the value of the dollar has been more erratic lately than ever before.
Don't Worry About Gas prices just think about the things made from Oil that will affect us in the long run.
There are many uses of oil and objects made from oil. Everyone is just worried about gas prices, but just look around your house. Everything made from plastic is made from oil, from your TV, coffee maker, to your computer, plastic bags, to linoleum flooring, and even varnish is used on wood floors and furniture.
Crisis At The Pump: Maryland Citizens Struggle With Costly Gas Prices
Gas prices in Maryland have reached the highest rates ever witnessed in the state's recent history, with figures over $4 per gallon at many stations. "I bought gas less than two weeks ago and it was like $3.35 and it’s $4.09 today...it will probably be $4.15 tomorrow." - Peggy Winfield, Maryland resident.
US gas prices are up $.50 from last week -- how high do experts expect them to go?
Ronira/Getty Images (Canva Pro license.) Americans across the country were shocked as they watched the cost of gas has soared this week. Currently, the national average price per gallon of gas hovers around $4.07, an increase of nearly fifty cents from last week.
Colorado residential natural gas prices close in on 2006 record
Natural gas flame burning on a stove. Natural gas is a key source of energy throughout the world.Diverse Stock Photos/Flickr. (Across Colorado) Colorado residents last year paid the most for natural gas since the record was set in 2006, new data from the U.S. Energy Information Administration showed Monday.
Why Russia's Ukraine invasion will make Coloradans pay more for food, energy
People react standing behind the cordoned off area around the remains of a shell in Kyiv on Feb. 24.(Photo by Sergei Supinsky / AFP) (Across Colorado) Russia’s invasion of Ukraine stoked fears of disruptions in the global oil, natural gas and wheat markets, raising prices for those commodities and increasing the likelihood that Coloradans will pay more for energy and food when inflation is already high.