Thursday, February 6, 2025

Congressional Budget Office News

Alaska sues Biden Administration over ANWR Leases

© Kyle T. Perry/AdobeStock

The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the…

Senate Panel Set to Advance Quest for Oil in Alaska Refuge

(Photo: USFWS)

Oil drilling in a vast Alaskan wildlife refuge could move a step closer to reality on Wednesday as a Senate panel votes to open part of the reserve coveted by conservationists.

Big Oil Seen in Strong Position as Trump Tackles Tax Reform

Donald Trump (Photo: Gage Skidmore)

Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded…

Oil in Strong Position as Trump Tackles Tax Reform

Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded…

Allowing US Oil Export Could Push Crude Prices Higher -CBO

Lifting the ban on U.S. crude exports could push the price of domestic oil up roughly $2.50 a barrel in the coming decade, a report from the Congressional Budget Office said on Wednesday.

As Coal Wanes, Consumers Key for U.S. Rails

Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending.

Congressional Study Questions Embargo-Era Oil Policies

Lifting restrictions on U.S. crude oil exports could actually lower fuel prices for U.S. motorists and other consumers by contributing to a drop in world oil prices, according…

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