One proposal would lower the cost of the bonds that fossil fuel companies must pay the Interior Department before they start drilling or mining on public lands.
Smaller U.S. oil producers are starting to drill more wells, but big companies like Exxon Mobil and Chevron have said they are not changing their plans as a result of the war with Iran.
The preliminary U.S.-Iran deal temporarily waives restrictions that have limited the country’s oil sales and how much money it has been able to make from those exports.
It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.
It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.
A talk on rising energy costs on Capitol Hill hosted by Democrats, from left, Sen. Martin Heinrich of New Mexico, Senate Minority Leader Chuck Schumer and Sen. Sheldon Whitehouse of Rhode Island, in March.
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.
An oil refinery in Carson, Calif. The possibility of continued fighting has raised concerns about how long the world’s stockpiles of oil and fuels will last if the Strait of Hormuz does not reopen.
An oil drilling site in Wyoming. The S.E.C. rule would have required companies to disclose their contributions to climate change and the risks they faced from a warming planet.
The U.S. oil giant is negotiating a deal to pump oil in Venezuela, ending a standoff with its socialist rulers and marking a victory for President Trump.
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