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U.S. oil refiners are now profiting from renewable fuels due to increased demand driven by government biofuel mandates and rising diesel prices, marking a turnaround from previous losses, although the future of expanded production capacity remains uncertain amid fluctuating market conditions. #RenewableEnergy #Biofuels #EnergyIndustry #US #IL #IN #AL #IR

As U.S. gas prices hit a four-year high fueled by the war in Iran, European finance ministers and some U.S. Democrats are advocating for windfall taxes on oil and gas companies' war-related profits, yet previous efforts for similar taxes have struggled to generate expected revenues due to companies' profit-shifting practices to tax havens. #OilPrices #WindfallTax #EnergyIndustry #US #IR #FR #DE #IT #E #GB #IN #RU #MU #MO #MT