It is time for Secretary Wilbur Ross and the Department of Commerce to step up and launch a Section 232 investigation into Saudi Arabia and Russia dumping crude oil on the world market while also selling their crude below market value. This action was undertaken during the current Coronavirus Pandemic and resulted in a collapse of world crude oil prices.…
TULSA, OK – Today, the Domestic Energy Producers Alliance (“DEPA”) announced the association’s support for an American anti-dumping action petition to be filed with the United States Department of Commerce and the United States International Trade Commission requesting the initiation of an antidumping and/or countervailing duty investigation regarding crude oil price manipulation by Saudi Arabia, Russia, and perhaps others. The…
Shale billionaire Harold Hamm intends to file a complaint with the U.S. Department of Commerce against Saudi Arabia for “illegal” dumping of crude that sent oil prices into a tailspin earlier this week. The Continental Resources Inc. founder will begin an investigation with an industry trade group, the Domestic Energy Producers’ Alliance, he said in an interview with Bloomberg TV. The…
WASHINGTON – The Department of the Interior announced today that over one billion barrels of oil were produced in Fiscal Year (FY) 2019 from leases on federal and American Indian-owned lands and offshore areas – a historic milestone. This is greater than a 29 percent increase in production compared to the end of the previous Administration, which totaled 808.7 million barrels…
(Reuters) – A U.S. appeals court has ruled that the Environmental Protection Agency must reconsider three of the biofuel waivers it recently granted to small oil refineries, arguing the agency’s justification for approving the exemptions was flawed. The decision here from the U.S. Court of Appeals for the 10th Circuit dated Jan. 24 came after a coalition of biofuel industry groups…