Goldman Sachs expects crude oil prices to reach US$80 per barrel this summer.
President Joe Biden’s Administration began with radical actions against the oil and gas industry, in line with his goal of achieving net-zero emissions by no later than 2050. However, a progressive advance towards clean energy that does not directly impact the economy of the general population, particularly that of minorities and lower income segments, has yet to be considered.
Biden’s policies thus far have demonstrated a negative impact on domestic oil and natural gas production, placing U.S. energy security at risk, in terms of supply and … Read More >>