oil and gas

W.H.’s McCarthy on Regulation Increasing Oil and Gas Prices: ‘We’re Going to Use’ Regulation

On Thursday’s broadcast of MSNBC’s “Hallie Jackson Reports,” White House National Climate Adviser Gina McCarthy responded to concerns that increased regulations will cause increased gas and oil prices by stating “There’s a place for” regulation and “We’re going to use it.” McCarthy also touted hearings with oil executives on Capitol Hill as “a day of reckoning” for the oil and gas industry.

Gina McCarthy

Saudi Aramco Confirms Data Leak amid Cyber Ransom Reports

Saudi Aramco confirmed on Wednesday that a “limited amount” of its company data held by third-party contractors was recently leaked amid reports that an unidentified extortionist is holding a terabyte of the Saudi Arabian oil giant’s data hostage and demanding a $50 million ransom for its deletion, the Associated Press (AP) reported.

Amin Nasser, president and chief executive officer of Saudi Aramco, speaks during the fourth edition of the Future Investment Initiative (FII) conference at the capital Riyadh's Ritz-Carlton hotel on January 27, 2021. - Saudi Arabia opened a two-day Davos-style investment forum, with dozens of global policy makers and business tycoons …

Spencer McGowan: Trump Should Tariff Saudi Arabia for Dumping Oil

President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.

Oil rigs extract petroleum as the price of crude oil rises to nearly $120 per barrel, prompting oil companies to reopen numerous wells across the nation that were considered tapped out and unprofitable decades ago when oil sold for one-fifth the price or less, on April 25, 2008 in the …