Team Biden is doing damage control ahead of the election by hastily refilling the Strategic Petroleum Reserve (SPR). Alas, it is coming at a cost for American taxpayers as the administration is purchasing crude at twice the historic average, Just the News says.
Chevron Hess Buyout: US energy giant Chevron will buy its rival Hess for USD 53 billion in an all-stock deal, the companies announced in a joint statement on Monday. Chevron s deal values Hess s equity at USD 53 billion, while the total enterprise value of the transaction, including debt, is USD 60 billion, according to the statement.