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US Oil & Gas Association

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uuid00sqg51

Namestring
US Oil & Gas Association
Legal namestring
US Oil & Gas Association
Websiteurl
usoga.org
Company typeenum
Private
Founded yearint
1917
Descriptiontext

US Oil & Gas Association (USOGA) is a Washington, D.C.-based trade association founded in October 1917 that advocates for domestic oil and natural gas producers on federal and state public policy issues. The organization represents over 5,000 members ranging from the smallest producers to the largest public companies, including individual and family-owned businesses. USOGA operates as a member-driven nonprofit with a small staff (1-10 employees) and is governed by a Board of Directors comprising senior representatives from major industry companies including Halliburton, EOG Resources, Chord Energy, Mewbourne Oil, Murphy Oil, and Coterra Energy.

USOGA's core offering is membership services providing direct advocacy representation before Congress, the Executive Branch, and federal regulators, with stated focus on pro-development legislation, tax reform, and defense against unreasonable regulations. The association maintains four affiliated state-level associations (Texas Oil & Gas Association, The Petroleum Alliance of Oklahoma, Southeast Oil & Gas Association, and Louisiana Mid-Continent Oil & Gas Association) to coordinate regional and federal policy efforts. Its leadership includes President Tim Stewart, who brings 20 years of Washington legislative experience including prior service as Chief of Staff for the House Committee on Natural Resources and as top aide to Senator Robert Bennett.

The business model is membership-based recurring revenue, with annual membership investments that vary by company size. USOGA supplements its advocacy work with public-facing educational content on gas prices, oil taxes, price controls, and capital allocation, and maintains an active presence in earned media through President Stewart's commentary in outlets such as NY Post and Fox Business. The association avoids technology-based differentiation, positioning itself as a lean, nimble advocacy operation with established 'through the side door' access to key decision makers.

Short descriptiontext

US Oil & Gas Association is a Washington, D.C.-based trade association founded in 1917 that advocates for domestic oil and natural gas producers before Congress and federal regulators. It represents over 5,000 members ranging from small producers to large public companies, coordinated through four affiliated state associations.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersS Central Washington Co, United States
HQ citystring
S Central Washington Co
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil gas advocacy, energy policy lobbying, trade association services, industry representation, regulatory advocacy
SIC code1 code
  • Services-Membership Organizations8600
Product category
Industry Advocacy Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Membership Dues and Fees
TypeSubscription Recurring
Description

USOGA generates revenue through membership fees from oil and natural gas producers. The association states 'USOGA's membership, dollar-for-dollar, is the best single return on investment you will find in any trade association.' For the cost of a single part-time employee, USOGA members gain a seat at the table for industry-defining issues including tax, legislative, and regulatory reform efforts.

usoga.org
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
Pricing details1 tier
1Membership investment varies by company size and type
ModelSubscriptionBilling cadenceAnnual
Notes

Membership investment provides ROI through regulatory cost savings, reduced tax burdens, and benefits from pro-growth legislation. Specific fee tiers not publicly disclosed.

usoga.org
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

USOGA is a private trade association that advocates for domestic oil and natural gas producers on federal and state public policy issues. It provides member companies with representation before Congress and the Executive Branch, advocates for pro-development legislation, defends against unreasonable regulations, and offers peer networking among industry leaders. Founded in 1917, it represents over 5,000 members ranging from the smallest producers to the largest public companies and family-owned operations.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Members achieve significant cost savings through reduced regulatory costs and tax burdens plus benefits from pro-growth legislation, with payback results 'over time, in millions (for larger companies billions) of dollars in savings to your company.'
Product overview1 text field

US Oil & Gas Association (USOGA) is a trade association formed in October 1917, serving as the voice of domestic oil and natural gas producers with federal legislators and regulators. The organization offers membership services focused on advocacy before Congress and the Executive Branch, pro-development legislation support, and regulatory defense. USOGA provides educational resources including Gas Price FAQs, Gas Prices Explained, Price Controls and Price Gouging information, Oil Taxes education, and Stock Buybacks and Dividends content. The association represents over 5,000 members ranging from small producers to large public companies and is headquartered in Washington, D.C.

Product and service1 record
1USOGA Membership Services
CategoryTrade Association Membership
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership10 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on1917-01-01
Description

Affiliated association headquartered in Austin, Texas. USOGA members include representation from this regional association, with shared advocacy goals for the domestic oil and gas industry.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on1917-01-01
Description

Affiliated association headquartered in Oklahoma City, Oklahoma. Cooperates under common by-laws established in 1917, representing oil and gas industry interests in the region.

3Southeast Oil & Gas Association
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on1917-01-01
Description

Affiliated association headquartered in Jackson, Mississippi. Cooperates under common by-laws established in 1917, representing southeastern oil and gas industry interests.

usoga.org
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on1917-01-01
Description

Affiliated association headquartered in Baton Rouge, Louisiana. Cooperates under common by-laws established in 1917, representing mid-continent oil and gas industry interests in the region.

Strategic tierMinorTypeOthers
Description

Halliburton representatives serve on USOGA's Board of Directors, including Todd Ennenga (USOGA Chair, Halliburton Director of Government Affairs) and Mark Richard (President, Western Hemisphere).

Strategic tierMinorTypeOthers
Description

EOG Resources is represented on USOGA's Board of Directors through Pamela Roth, Vice President of Government Relations.

Strategic tierMinorTypeOthers
Description

Chord Energy is represented on USOGA's Board of Directors through Daniel Brown, President & CEO.

Strategic tierMinorTypeOthers
Description

Mewbourne Oil Company is represented on USOGA's Board of Directors through J. Roe Buckley, Chairman and CFO.

Strategic tierMinorTypeOthers
Description

Murphy Oil Corporation is represented on USOGA's Board of Directors through Francisco 'Frank' Garcia, Senior Vice President.

Strategic tierMinorTypeOthers
Description

Coterra Energy is represented on USOGA's Board of Directors through Stephen Flaherty, VP of Government Affairs.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Western Energy Alliance is a Denver-based trade association representing oil and gas producers in the U.S. West. It is directly comparable to USOGA in mission, advocacy focus, and federal policy work.

TypeRegional player
Description

PAW is a state-level oil and gas trade association in Wyoming with similar advocacy functions to USOGA. It is comparable as a peer trade association but operates only within Wyoming and does not compete in USOGA's federal advocacy lane.

TypeDirect peer
Description

The Petroleum Alliance of Oklahoma is USOGA's affiliated state association headquartered in Oklahoma City. It represents Oklahoma producers and cooperates with USOGA under common 1917 by-laws, providing a near-perfect functional peer.

TypeBroad incumbent
Description

API is the largest U.S. oil and natural gas trade association, representing every segment of the industry including producers, refiners, and pipelines. It is directly comparable to USOGA as a federal advocacy body for oil and gas, but operates at much greater scale and scope.

TypeDirect peer
Description

IPAA is a national trade association representing independent oil and natural gas producers in Washington, D.C. It is one of USOGA's closest direct peers, addressing overlapping membership segments and federal advocacy issues with comparable scope.

TypeDirect peer
Description

LMOGA is USOGA's affiliated state association headquartered in Baton Rouge, Louisiana. It represents mid-continent producers and shares USOGA's advocacy framework under the common 1917 by-laws.

TypeRegional player
Description

NOIA is a trade association representing the U.S. offshore oil, gas, and renewable energy industries. It shares USOGA's advocacy model and Washington, D.C. base, but focuses on offshore rather than onshore producers.

TypeDirect peer
Description

AXPC is a national trade association whose members are large U.S. independent oil and natural gas E&P companies. It pursues federal advocacy on regulatory and legislative issues closely overlapping with USOGA's agenda.

TypeDirect peer
Description

TXOGA is USOGA's affiliated state association headquartered in Austin, Texas. It directly represents Texas oil and gas producers and cooperates with USOGA under the common 1917 by-laws, sharing advocacy priorities for domestic production.

10Southeast Oil and Gas Association (SEOGA)
TypeDirect peer
Description

SEOGA is USOGA's affiliated state association headquartered in Jackson, Mississippi. It represents southeastern U.S. producers and operates under the same 1917 by-laws as USOGA.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

US Oil & Gas Association

Industry Advocacy Servicesusoga.org

US Oil & Gas Association is a Washington, D.C.-based trade association founded in 1917 that advocates for domestic oil and natural gas producers before Congress and federal regulators. It represents over 5,000 members ranging from small producers to large public companies, coordinated through four affiliated state associations.

What US Oil & Gas Association does

US Oil & Gas Association (USOGA) is a Washington, D.C.-based trade association founded in October 1917 that advocates for domestic oil and natural gas producers on federal and state public policy issues. The organization represents over 5,000 members ranging from the smallest producers to the largest public companies, including individual and family-owned businesses. USOGA operates as a member-driven nonprofit with a small staff (1-10 employees) and is governed by a Board of Directors comprising senior representatives from major industry companies including Halliburton, EOG Resources, Chord Energy, Mewbourne Oil, Murphy Oil, and Coterra Energy.

USOGA's core offering is membership services providing direct advocacy representation before Congress, the Executive Branch, and federal regulators, with stated focus on pro-development legislation, tax reform, and defense against unreasonable regulations. The association maintains four affiliated state-level associations (Texas Oil & Gas Association, The Petroleum Alliance of Oklahoma, Southeast Oil & Gas Association, and Louisiana Mid-Continent Oil & Gas Association) to coordinate regional and federal policy efforts. Its leadership includes President Tim Stewart, who brings 20 years of Washington legislative experience including prior service as Chief of Staff for the House Committee on Natural Resources and as top aide to Senator Robert Bennett.

The business model is membership-based recurring revenue, with annual membership investments that vary by company size. USOGA supplements its advocacy work with public-facing educational content on gas prices, oil taxes, price controls, and capital allocation, and maintains an active presence in earned media through President Stewart's commentary in outlets such as NY Post and Fox Business. The association avoids technology-based differentiation, positioning itself as a lean, nimble advocacy operation with established 'through the side door' access to key decision makers.

US Oil & Gas Association firmographics

Firmographics
Name
US Oil & Gas Association
Legal name
US Oil & Gas Association
Website
https://usoga.org
Company type
Private
Founded year
1917
Operating status
Operating
Headcount range
1–10 employees
Short description
US Oil & Gas Association is a Washington, D.C.-based trade association founded in 1917 that advocates for domestic oil and natural gas producers before Congress and federal regulators. It represents over 5,000 members ranging from small producers to large public companies, coordinated through four affiliated state associations.
Ownership category
akta.pro rank

Where US Oil & Gas Association is headquartered

Location

Headquarters

HQ city
S Central Washington Co
HQ country
United States
HQ region
North America

Offices5 records

Markets served

US Oil & Gas Association business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Membership Dues and Fees: USOGA generates revenue through membership fees from oil and natural gas producers. The association states 'USOGA's membership, dollar-for-dollar, is the best single return on investment you will find in any trade association.' For the cost of a single part-time employee, USOGA members gain a seat at the table for industry-defining issues including tax, legislative, and regulatory reform efforts.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualMembership investment varies by company size and type

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

US Oil & Gas Association product offering

Product offering

Core offering

USOGA is a private trade association that advocates for domestic oil and natural gas producers on federal and state public policy issues. It provides member companies with representation before Congress and the Executive Branch, advocates for pro-development legislation, defends against unreasonable regulations, and offers peer networking among industry leaders. Founded in 1917, it represents over 5,000 members ranging from the smallest producers to the largest public companies and family-owned operations.

Product overview

US Oil & Gas Association (USOGA) is a trade association formed in October 1917, serving as the voice of domestic oil and natural gas producers with federal legislators and regulators. The organization offers membership services focused on advocacy before Congress and the Executive Branch, pro-development legislation support, and regulatory defense. USOGA provides educational resources including Gas Price FAQs, Gas Prices Explained, Price Controls and Price Gouging information, Oil Taxes education, and Stock Buybacks and Dividends content. The association represents over 5,000 members ranging from small producers to large public companies and is headquartered in Washington, D.C.

Differentiator

Problem solved

Functional benefit

Products and services

  • USOGA Membership Services

Quantifiable outcome

  • Members achieve significant cost savings through reduced regulatory costs and tax burdens plus benefits from pro-growth legislation, with payback results 'over time, in millions (for larger companies billions) of dollars in savings to your company.'

Companies that use US Oil & Gas Association

Customer profile

Segments1 record

Ideal customer profiles1 record

US Oil & Gas Association technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

US Oil & Gas Association partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered core and minor.

  • Texas Oil & Gas AssociationcoreStrategic or Co-development Partner · 1 January 1917Affiliated association headquartered in Austin, Texas. USOGA members include representation from this regional association, with shared advocacy goals for the domestic oil and gas industry.
  • The Petroleum Alliance of OklahomacoreStrategic or Co-development Partner · 1 January 1917Affiliated association headquartered in Oklahoma City, Oklahoma. Cooperates under common by-laws established in 1917, representing oil and gas industry interests in the region.
  • Southeast Oil & Gas AssociationcoreStrategic or Co-development Partner · 1 January 1917Affiliated association headquartered in Jackson, Mississippi. Cooperates under common by-laws established in 1917, representing southeastern oil and gas industry interests.
  • Louisiana Mid-Continent Oil & Gas AssociationcoreStrategic or Co-development Partner · 1 January 1917Affiliated association headquartered in Baton Rouge, Louisiana. Cooperates under common by-laws established in 1917, representing mid-continent oil and gas industry interests in the region.
  • HalliburtonminorOthersHalliburton representatives serve on USOGA's Board of Directors, including Todd Ennenga (USOGA Chair, Halliburton Director of Government Affairs) and Mark Richard (President, Western Hemisphere).
  • EOG ResourcesminorOthersEOG Resources is represented on USOGA's Board of Directors through Pamela Roth, Vice President of Government Relations.
  • Chord EnergyminorOthersChord Energy is represented on USOGA's Board of Directors through Daniel Brown, President & CEO.
  • Mewbourne Oil CompanyminorOthersMewbourne Oil Company is represented on USOGA's Board of Directors through J. Roe Buckley, Chairman and CFO.
  • Murphy Oil CorporationminorOthersMurphy Oil Corporation is represented on USOGA's Board of Directors through Francisco 'Frank' Garcia, Senior Vice President.
  • Coterra EnergyminorOthersCoterra Energy is represented on USOGA's Board of Directors through Stephen Flaherty, VP of Government Affairs.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

US Oil & Gas Association competitors and assessment

Company assessment

Direct peers

  • Western Energy Alliance: Western Energy Alliance is a Denver-based trade association representing oil and gas producers in the U.S. West. It is directly comparable to USOGA in mission, advocacy focus, and federal policy work.
  • The Petroleum Alliance of Oklahoma: The Petroleum Alliance of Oklahoma is USOGA's affiliated state association headquartered in Oklahoma City. It represents Oklahoma producers and cooperates with USOGA under common 1917 by-laws, providing a near-perfect functional peer.
  • Independent Petroleum Association of America (IPAA): IPAA is a national trade association representing independent oil and natural gas producers in Washington, D.C. It is one of USOGA's closest direct peers, addressing overlapping membership segments and federal advocacy issues with comparable scope.
  • Louisiana Mid-Continent Oil and Gas Association (LMOGA): LMOGA is USOGA's affiliated state association headquartered in Baton Rouge, Louisiana. It represents mid-continent producers and shares USOGA's advocacy framework under the common 1917 by-laws.
  • American Exploration & Production Council (AXPC): AXPC is a national trade association whose members are large U.S. independent oil and natural gas E&P companies. It pursues federal advocacy on regulatory and legislative issues closely overlapping with USOGA's agenda.
  • Texas Oil & Gas Association (TXOGA): TXOGA is USOGA's affiliated state association headquartered in Austin, Texas. It directly represents Texas oil and gas producers and cooperates with USOGA under the common 1917 by-laws, sharing advocacy priorities for domestic production.
  • Southeast Oil and Gas Association (SEOGA): SEOGA is USOGA's affiliated state association headquartered in Jackson, Mississippi. It represents southeastern U.S. producers and operates under the same 1917 by-laws as USOGA.

Regional players

  • Petroleum Association of Wyoming (PAW): PAW is a state-level oil and gas trade association in Wyoming with similar advocacy functions to USOGA. It is comparable as a peer trade association but operates only within Wyoming and does not compete in USOGA's federal advocacy lane.
  • National Ocean Industries Association (NOIA): NOIA is a trade association representing the U.S. offshore oil, gas, and renewable energy industries. It shares USOGA's advocacy model and Washington, D.C. base, but focuses on offshore rather than onshore producers.

Broad incumbents

  • American Petroleum Institute (API): API is the largest U.S. oil and natural gas trade association, representing every segment of the industry including producers, refiners, and pipelines. It is directly comparable to USOGA as a federal advocacy body for oil and gas, but operates at much greater scale and scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

US Oil & Gas Association social profiles

Digital presence

US Oil & Gas Association financial estimates

Financial estimate

Revenue estimate

Valuation estimate

US Oil & Gas Association leadership team

Management profile

Number of profiles

Profiles2 records

US Oil & Gas Association funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

US Oil & Gas Association M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about US Oil & Gas Association

What does US Oil & Gas Association do?

USOGA is a private trade association that advocates for domestic oil and natural gas producers on federal and state public policy issues. It provides member companies with representation before Congress and the Executive Branch, advocates for pro-development legislation, defends against unreasonable regulations, and offers peer networking among industry leaders. Founded in 1917, it represents over 5,000 members ranging from the smallest producers to the largest public companies and family-owned operations.

Is US Oil & Gas Association a public or private company?

US Oil & Gas Association is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was US Oil & Gas Association founded?

US Oil & Gas Association was founded in 1917. It employs 1 to 10 people.

Where is US Oil & Gas Association based?

US Oil & Gas Association is headquartered in S Central Washington Co, United States, in the North America region.

How does US Oil & Gas Association make money?

One revenue line is on record: membership Dues and Fees.

Who are US Oil & Gas Association's main competitors?

Direct peers on record are Western Energy Alliance, The Petroleum Alliance of Oklahoma, Independent Petroleum Association of America (IPAA), Louisiana Mid-Continent Oil and Gas Association (LMOGA), American Exploration & Production Council (AXPC), Texas Oil & Gas Association (TXOGA) and Southeast Oil and Gas Association (SEOGA). Regional players are Petroleum Association of Wyoming (PAW) and National Ocean Industries Association (NOIA). American Petroleum Institute (API) is listed as a broad incumbent.

Does US Oil & Gas Association have an API?

No public API is recorded for US Oil & Gas Association.

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Live signals
New York PostGavin Newsom has no clue about gas and energy, and it it showsTim Stewart, president of the US Oil & Gas Association, argues that California Governor Gavin Newsom's energy policies are largely responsible for the state's high gas prices, which have reached $6 per gallon and above this Memorial Day weekend. Chevron station owners recently posted signs on pumps attributing high prices to Sacramento policy, prompting Governor Newsom's office to call for a boycott of Chevron over "unbranded gasoline." Stewart contends that California's restrictive regulations, blocked drilling, and strict fuel standards have eroded refining capacity and driven up costs regardless of fuel brand, and warns that these policies could eventually impact other states.New York PostOil titans shred Kamala Harris video whining about gas pricesThe US Oil & Gas Association publicly criticized former Vice President Kamala Harris after she posted a video in North Carolina expressing concern about rising gas prices, accusing her of hypocrisy for flying across the country using jet fuel while complaining about fuel costs. The association cited her past support for anti-fossil fuel policies, including her 2020 statement favoring a fracking ban and her Green New Deal cosponsorship, arguing these positions contributed to current high gas prices. US gas prices have climbed past $4 per gallon—the highest since 2022—after the Iran conflict pushed oil above $100 a barrel.Fox BusinessBessent warns gas stations that Treasury Dept will keep them 'honest' after spike in pricesTreasury Secretary Scott Bessent warned gas stations at a CNBC forum that the Treasury Department will monitor retail gasoline prices to ensure they come down as global oil supply concerns ease, adding that President Trump will call out anyone acting as a "bad actor." The article notes that Trump and Bessent have emphasized the U.S. is a net exporter of oil with ample supply, arguing that local gas stations raising prices based on fears of global shortages were speculating unnecessarily. The U.S. Oil & Gas Association separately rebutted California Democrats' claims linking regional gas prices to the conflict with Iran.New York PostMajor oil group demands Dems rise up against Gavin Newsom over his extreme green crusadeThe US Oil & Gas Association publicly called on California Democrats to oppose Governor Gavin Newsom's environmental policies, pushing back against Rep. Ro Khanna's proposed windfall profits tax on oil companies. The association argued that California's green tax policies and regulations add $1.00 to $1.78 per gallon to gas prices above the national average. US Energy Secretary Chris Wright also weighed in, urging California to increase domestic oil and gas production.Fox BusinessOil producers org shreds California Dem for blaming Iran war for his district's gas pricesThe U.S. Oil & Gas Association (USOGA) responded on Saturday to Rep. Ro Khanna, D-Calif., who had blamed Trump's Iran policy for gas prices near his Santa Clara district reaching nearly $6 per gallon. USOGA President Tim Stewart argued that California's high gas prices stem from state-level taxes, cap-and-trade regulations, the Low Carbon Fuel Standard, and geographic isolation rather than federal policy, citing additional costs of $1.00–$1.78 over the national average. Stewart also rejected Khanna's proposed Big Oil Windfall Profits Tax Act, citing the 1980 federal windfall profits tax as historical evidence that such policies reduce domestic production and increase imports.FutunnPalm oil extended its decline for a second week, hitting a low point amid the dual pressures of weak crude oil prices and Malaysia's declining exports.Palm oil prices continued to decline for a second week, driven by weak crude oil prices and Malaysia's declining exports. The article also mentions U.S. military operations in Venezuela and American oil companies' involvement amid ongoing oil embargoes.Business InsiderThe Twitter drama among powerful people over high gas prices revealed a lot about who gets what and why — and Americans are still waiting on a solutionPresident Biden's tweet urging Big Oil to lower gas prices sparked a Twitter exchange with Jeff Bezos and the US Oil & Gas Association. The article argues that high prices reflect corporate greed, citing that corporate profits rose to over 12% of GDP. It notes Congress is considering a bill to tax Big Oil's profits and return revenue to Americans.