Big oil claimed boosting fossil fuel exports would be a boon to U.S. consumers, but researchers say the “economic instability and damage to local communities and the planet created by this rapid export expansion are only now becoming clear.” In 2015, fossil fuel industry executives and lobbyists adamantly claimed that lifting a 40-year-old ban on U.S. oil exports […]
WASHINGTON — The U.S. is considering a series of steps to prevent global oil prices from rising following a decision by oil exporting and producing countries to slash production despite intensive lobbying by the Biden administration. The grouping known as OPEC+, which includes members of OPEC and allies, including Russia, said earlier this week it would […]
“President Biden should make it clear that we will stop supplying the Saudis with weapons and air parts if they fleece the American people and strengthen Putin by making drastic production cuts.” U.S. Rep. Ro Khanna on Wednesday urged the Biden administration to cut off sales of weaponry and crucial plane parts to Saudi Arabia as […]
A leading economist urged policymakers to “address corporate profiteering as a driver of inflation by reining in megacorporations and addressing the unsustainably high prices facing families around the country.” Progressive demands for congressional action to curb corporate monopoly power were renewed Friday after federal data confirmed that certain heavily consolidated industries are continuing to rake in […]