Africa Energy Bank to Fun Oil and Gas

Daily Standup Top Stories Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility June 4, 2024 Mariel Alumit Rye Development will receive $81 million in funding from the Department of Energy (DOE) to convert former coal mine land in Bell County, Kentucky, into a closed-loop, 287 MW pumped storage hydropower (PSH) […]

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Oil Prices DROP 4%

Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […] Saudi […]

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Larry Fink All In on AI

Daily Standup Top Stories Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” June 1, 2024 Stu Turley At the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s […]

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Big Tech Helped Bring On An Energy Crisis

Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British […]

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Vietnam Shifting Back To Coal

Daily Standup Top Stories Vietnam’s shift back to coal is under EU scrutiny May 28, 2024 Mariel Alumit A heat wave in Vietnam in May and June of last year led to major power shortages across the north of the country. Factories owned by some of the world’s largest tech firms, including South Korean tech giant […] “Big Oil” companies […]

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US Data Center Energy Train Wreck

Daily Standup Top Stories The U.S. Data Center Energy Train Wreck May 26, 2024 Stu Turley ENB Pub Note: I had the pleasure of interviewing Ron Miller on the podcast, and here is one of his outstanding articles. I highly recommend following him on Linkedin. The U.S. and the world are […] US Power Demand Surge Spurs […]

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Texas Flags Endangered Lizard

Daily Standup Top Stories Texas Oil Regulator Flags Endangered Species Designation May 22, 2024 Mariel Alumit In a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and Wildlife Services (USFWS) announced that it would be listing the Dune Sagebrush Lizard (DSL) as an endangered […] EIA Warns Severe Hurricane Season […]

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EV Market Cooling?

Daily Standup Top Stories What’s Going on with Electric Vehicles? May 21, 2024 Mariel Alumit 2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, and EVs have been caught in the political crosshairs. The future of transportation may […] Oil falls 1% as US inflation […]

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