Under Trump, an 'all of the above' energy policy is poised for a comeback
Trump promised to "drill, baby, drill." What does that actually mean for the U.S. oil and gas industry – and other types of energy, too?
oil
Tensions are rising in the Middle East, but the rise in oil prices is muted – so far
Crude oil prices have risen as Iran and Israel trade attacks, but not as much as you might expect. One reason? OPEC+ could pump a lot more oil if it wanted to.
Gas prices are down. We could be headed for lows not seen since 2021
Pump prices having been falling all summer, and as Labor Day approaches, they're 47 cents lower than this time last year. Some analysts see $3 gasoline in our future.
Oil gluts, Russian bucks, and Starbucks
Indicators of the Week is back! This week, we've got indicators about oil gluts, big bucks for Ukraine and fewer bucks at Starbucks. (Apologies for the slurping.)
Related episodes:
How to get Russia to pay Ukraine
An oil boom, a property slump and dental deflation
ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Related episodes:
How to get Russia to pay Ukraine
An oil boom, a property slump and dental deflation
ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
The U.S. renews oil sanctions on Venezuela citing a failure to allow fair elections
The Biden administration will reinstate sanctions on Venezuela's oil and gas sector, accusing the government President Nicolás Maduro of failing to commit to "an inclusive and competitive election."
Biden has to decide soon whether to sanction Venezuela. Here's what to know
Venezuelan President Nicolás Maduro's government faces a deadline this week — to commit to holding free and fair elections or face renewed U.S. oil sanctions.
Russia has amassed a shadow fleet to ship its oil around sanctions
Russia would have to use tankers willing to get around sanctions to ship its crude to Asia. It's known in the oil industry as a "shadow fleet."
OPEC keeps oil targets the same amid uncertainty on Russian sanctions
The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia's oil earnings in response to its invasion of Ukraine.
What to know about the West's new efforts to slash Russia's oil revenue
Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.
As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up
Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.