An oil lease auction in the Arctic National Wildlife Refuge concluded with limited interest. Only about 10 percent of the land was claimed for development. Former President Trump’s predictions of an economic boom through drilling in this area fell flat. The auction generated approximately $3.7 million. Nearly half of this amount came from Alaska’s state-owned […]
The U.S. government plans to allocate over $800 million to boost coal power, as the industry faces challenges in the current market. President Donald Trump announced at a White House event that these funds will support the establishment of new coal-fired power plants in Alaska and West Virginia. Additionally, they aim to sustain over a […]
The United States is witnessing a rapid decline in oil stockpiles. U.S. crude inventories have seen consecutive weekly decreases, with exports on the rise. The nation is also utilizing its emergency reserves to counteract the global energy market impact caused by the conflict with Iran. Recently released data from the U.S. Energy Information Administration (EIA) […]