Greece Exposes the Hypocrisy and Limits of Europe’s Russia Energy Sanctions

Greece has once again highlighted the practical and commercial limits of the European Union’s sanctions regime against Russian energy. As the world’s leading maritime nation, Athens successfully pressed for exemptions on restrictions targeting the shipping of Russian LNG to third countries in the latest (21st) sanctions package. Greek officials argued that broader bans would primarily […]

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Texas ERCOT Grid Holds Beyond 91 Gigawatts in Heat Wave – At What Cost?

On Wednesday, July 22, 2026, extreme Texas heat drove air-conditioning demand that pushed the Electric Reliability Council of Texas (ERCOT) grid past 91 gigawatts for the first time. Unofficial real-time figures from ERCOT’s website showed a peak around 91,300 megawatts near 5 p.m. CT, with system-wide demand data indicating highs near 91,089 MW. This shattered […]

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GE Vernova Raises 2026 Outlook on Surging AI-Driven Power Demand While Advancing Venezuela

GE Vernova Inc. (NYSE: GEV) delivered a strong second-quarter 2026 performance today, beating expectations with robust revenue growth, record orders, and an upward revision to its full-year outlook. The gains are fueled primarily by explosive demand for gas turbines, grid equipment, and power infrastructure tied to the AI boom and data center expansion. In parallel, […]

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Oil up to $94 with Geopolitical Choke Points Under Stress

Global oil markets are navigating heightened volatility as geopolitical tensions, ongoing conflicts, militant attacks, environmental constraints, and regulatory hurdles converge on several of the world’s most critical maritime and pipeline chokepoints. Brent crude prices have shown sharp swings, with peaks well above $90 during periods of acute disruption (including levels around or exceeding $94 in […]

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Fossil Fuels Still Generate 57% of the World’s Electricity — But We Remain Deeply Dependent on Them for Transportation, Manufacturing, and Building the “Renewables” Themselves

Recent data confirms that fossil fuels (coal, natural gas, and oil) still supply 57% of global electricity generation. Wind and solar together reached about 17% of electricity in 2025, according to Ember’s Global Electricity Review. This marks progress from a decade ago, yet it tells only part of the story. Electricity represents a minority slice […]

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Data Center Growth on Track to Absorb a Fifth of US Power Use by 2035: Nuclear Had Better Be Implemented Before We Get There

The explosive growth of data centers, driven primarily by artificial intelligence, is reshaping America’s electricity landscape. High-end projections now show data centers potentially consuming up to 20% of total U.S. electricity by 2035 in aggressive scenarios—roughly a four- to five-fold increase from today’s ~4-5% share. Even as AI model developers announce efficiency gains, the underlying […]

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