Tag: energy crisis

While Americans confront the highest fuel prices in years after the U.S.-Israel war on Iran disrupted global oil markets, fossil fuel giants are reporting surging profits, expanding stock buybacks, and prioritizing shareholder payouts over increased production.

Analysis finds oil and gas price spikes linked to the conflict have shifted massive wealth from households and businesses to major energy companies while lawmakers propose taxing windfall profits.

Internal layoffs removed the very officials who would have modeled oil supply disruptions, coordinated with Gulf energy partners, and prepared for retaliatory strikes as war with Iran drove gas and crude prices sharply higher.

Lawmakers and advocacy groups propose taxing fossil fuel windfalls as war-driven price spikes hit American households and deepen inequality.

Oil cutoff threats intensify blackouts and humanitarian alarms as AOC warns collective punishment is becoming normalized.

Oil spill in North Dakota raises environmental and economic concerns as safety record of “safest pipeline in the world” comes under renewed scrutiny.

In the shadow of ongoing conflict, sanctuaries for the displaced come under fire.

"We are sleepwalking into a life-or-death winter for so many people, but the government refuses to listen to us."

“I do want to accept responsibility and say sorry for the mistakes that have been made. I wanted to act to help people with their energy bills to deal with the issue of high taxes, but we went too far and too fast.”