IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Oil prices surge after attacks on energy sites 02:43 UP NEXT One dead after gondola crash at Swiss ski resort 01:16 U.S. college student goes missing in Spain 01:27 Potentially record-setting heat wave scorches western United States 01:46 … Read more
President Trump is temporarily waiving a 100-year-old law to try to ease rising energy costs. He issued a 60-day waiver of the Jones Act, which requires that all goods traveling between U.S. ports be U.S.-built, crewed and flagged. CBS News MoneyWatch reporter Megan Cerullo has more. Source link
FRANKFURT, Germany — Iran’s state media said Wednesday that Israel attacked its South Pars gas field — the largest in the world and one that is shared with Qatar to the south across the Persian Gulf. Facilities associated with the gas field near Asaluyeh on Iran’s Gulf coastline were on fire on Wednesday, state media … Read more
President Trump on Wednesday issued a 60-day waiver of the Jones Act, a move aimed at lowering energy prices by letting foreign ships move fuel between U.S. ports. The 100-year-old law requires goods shipped between American ports to be carried on ships that are U.S.-built, -flagged and -crewed, and also limits the number of tankers … Read more
Officials in Cuba reported an island-wide blackout Monday in the country of some 11 million people as its energy and economic crises deepen. Cuba has blamed its woes on a U.S. energy blockade after President Trump in January warned of tariffs on any country that sells or provides oil to it. The Ministry of Energy … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Why gas prices have risen despite record U.S. oil production 01:48 Now Playing Chris Wright addresses concerns over surging energy prices 00:56 UP NEXT Energy secretary: Strait of … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Energy secretary: Strait of Hormuz not safe for shipping 01:42 UP NEXT Trump says there’s been ‘total obliteration’ of Iran militarily 01:55 Protesters in Cuba attack Communist Party office 00:32 High winds tear roof off of Ohio building … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Energy Sec. Wright says ‘good chance’ but ‘no guarantees’ of cheaper gas soon: Full interview 13:06 UP NEXT Adam Schiff says war with Iran is ‘simply unsustainable’: Full interview 10:49 Thomas Friedman explains Iran’s ‘strategy of out-crazy’ against … Read more
U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off Southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore Corp.’s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a … Read more
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their … Read more