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Fake It Till You Make It? Biden Energy Secretary Fumbles Two Simple Questions In One Day Energy Secretary Jennifer Granholm on Tuesday biffed two simple questions that anyone in her position should have been able to answer. Granholm - the former Democratic Governor of Michigan who has zero experience in the energy sector - was asked how many barrels of oil the US consumes in a day , to which she replied "I don''t have that number in front of me. Sorry." REPORTER: "How many barrels of oil does the U.S. consume per day?" Energy Sec. Granholm: "I don''t have that number in front of me. I''m sorry." pic.twitter.com/lToOjsLNLu Townhall.com (@townhallcom) November 23, 2021 Next, Granholm couldn''t provide an answer as to when Americans can expect gas prices to drop , and how long she might expect a drop to last, to which she replied: "Yeah, I''m not going to make a prediction about how much and how long." Reporter: "Bottom line, how soon will Americans see prices at the pump drop, and how long do you expect that to last?" Energy @SecGranholm : "Yeah, I''m not going to make a prediction about how much and how long." pic.twitter.com/KYrqwmmOyF The Hill (@thehill) November 24, 2021 hey, remember when you all pretended Rick Perry, the longest-serving chief executive of a gas- and oil-rich state, was in over his head at the department of energy? that was fun. https://t.co/RSlff4MZfw tsar becket adams (@BecketAdams) November 24, 2021 Nothing like faking it till you make it (or don''t)

WTI down 19-cents to $78.31 Today''s trading was a bit like a hangover in the oil market after yesterday''s SPR drama but price action was somewhat instructive. By Adam Button

The world’s third largest oil importer, India, has decided to release 5 million barrels of crude oil from its strategic reserves in a concerted effort with other major oil-consuming nations such as the US, Britain, Japan, China and South Korea, to bring down global crude oil prices, which breached $85 a barrel mark last month. […]

By Laura Sanicola Nov 22 (Reuters) Supply chain snags are threatening to hamper deliveries of ethanol needed for blending with gasoline ahead of the Thanksgiving weekend, according to ethanol traders and producers. Unlike crude oil and other refined products, which can be transported by pipeline, ethanol is shipped primarily by train from various Corn [] The post Logistics woes threaten ethanol supply needed for gasoline appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Coming up on today''s show: Timothy Gardner , climate and energy correspondent at Reuters, breaks down why the price of oil is so high and what, if anything, the Biden administration can do to fix it while also meeting climate goals. George Joseph , investigative reporter for WNYC''s Public Safety Unit, talks about his latest reporting on Rikers Island. Kenneth C. Davis , author of Don''t Know Much About History and Don''t Know Much About Mythology , talks about the myths and realities of the 1621 first Thanksgiving. Listeners who work in retail share their thoughts ahead of a busy, complicated Black Friday on which some have planned to strike.

Minister of State Petroleum Resources Chief Timipre Sylva, on Wednesday, undertook an on-the-spots assessment of the oil spill site of Aiteo Eastern Exploration Company, in Basambri, Bayelsa State. The post Buhari laments Bayelsa oil spill, says itll be speedily addressed appeared first on Vanguard News .

Gas prices are up ahead of the holidays. President Joe Biden is trying to offer some relief at the pump. We have analysis on his release of oil reserves. U.S. airlines and airports prepare for a surge of travelers ahead of Thanksgiving. As vaccination rates have risen, many Americans are traveling for the holidays. Transportation officials are beginning to see new funding from Bidens infrastructure bill. A new plan is on the horizon for the city of Baltimore, and it''s boosted by a grant of $22 million.

Minister of State Petroleum Resources Chief Timipre Sylva, on Wednesday undertook an on the spots assessment of the oil spill site of Aiteo Eastern Exploration The post Buhari laments oil spill in Bayelsa, says problem will be speedily addressed appeared first on Vanguard News .

The union government of India has decided to hit the Strategic Petroleum of the country for the first time, hence the prices for petrol and diesel can drop marginally for common Indians. The center is going to release 5 million (50

The price of oil may stage a large rebound over the coming days as it carves a series of higher highs and lows after defending the October low ($74.23).

Matthew Martin and Javier Blas, Bloomberg, quote Jason Bordoff, here Saudi Arabia is in a strong position, said Jason Bordoff, dean of the Columbia Climate School and a former senior White House energy official under President Barack Obama. Oil demand is going up, not down; U.S. shale is not what used to be, and for [] The post Jason Bordoff quote on the Saudis Bloomberg appeared first on Commodity Research Group .

Oil futures were little changed Wednesday, with the U.S. benchmark flipping between small gains and losses after government data showed U.S. crude inventories rose by around 1 million barrels in the week ended Nov. 19. West Texas Intermediate crude for January delivery was down 4 cents, or 0.1%, at $75.46 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Sandeep Dikshit Tribune News Service New Delhi, November 24 The dip in international crude prices soon after US President Joe Biden''s announcement to release oil from American strategic reserves in concert with other countries, including India, China and Japan, proved short-lived. Crude prices began inching up soon after it became clear that China was ambiguous and the expected releases from South Korea, Japan, UK and South Korea will not be high. The market expects the cumulative release of 80 million barrels to be the benchmark for sending a strong signal to OPEC + countries. So far, substantial amounts announced are 50 million barrels by the US and 5 million barrels by India. South Korea has not announced the volume but if the last experience during the Libyan crisis in 2011 is a guide, it could release about 3.5 million barrels. Japan''s law on strategic reserves does not allow withdrawals to lower oil prices. Hence, it may release just over 4 million barrels by other means. The UK may contribute 1.5 million barrels if privately held reserves heed the call of 10 Downing Street.

With millions on the move for Thanksgiving and the cost of gas higher, President Biden has ordered the release of millions of barrels of oil from the strategic reserve in a move to bring down prices at the pump.