Category: Finance

World’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025. The Iran War will escalate exploration and production, pipelines, and energy security spending and financing.

Clark Savage226

In a striking confirmation of the enduring role of fossil fuels in global finance, the world’s 65 largest banks committed a record $906 billion to oil, natural gas, and coal companies in 2025 — an 8% jump from $869 billion the year before. This marks the second straight year of rising fossil fuel financing after […]

Continue Reading

The Iran Closure on the Strait of Hormuz Could Last to Labor Day: What It Means for Global Markets, Oil Prices, and the Physical vs. Paper Disconnect

Clark Savage451

The Strait of Hormuz — the narrow waterway through which roughly one-fifth of global oil and significant LNG volumes flow — has remained effectively closed since early March 2026 following the escalation of the U.S.-Israel-Iran conflict. Iran has suspended talks and signaled the blockade could become permanent absent major concessions. In a wide-ranging interview with […]

Continue Reading

President Trump Signs the Defense Production Act for Coal Plants Nationwide

Clark Savage296

In a major boost for America’s energy security and domestic coal industry, President Donald J. Trump today invoked the Defense Production Act (DPA) to direct nearly $700 million in federal support for coal-fired power plants, new construction, restarts, and critical export infrastructure. The announcement, made during an Oval Office event focused on “Beautiful, Clean Coal,” […]

Continue Reading

The Inola Aluminum Smelter Project: What It Is and Potential Impacts for Investors and Consumers

Clark Savage298

A major industrial proposal is advancing in northeast Oklahoma at the Tulsa Port of Inola along the Verdigris River. The Inola Aluminum Smelter—formally known as the Oklahoma Primary Aluminum project—represents the first new primary aluminum smelter in the United States since 1980 and would become the largest ever built in the country. What Is the […]

Continue Reading

Delfin Takes FID on First FLNG

Clark Savage238

In a major step forward for U.S. floating LNG technology, Delfin Midstream has reached a Final Investment Decision (FID) on its first FLNG project offshore Louisiana. The 4.4 million tonnes per annum (mtpa) facility will become the first floating liquefaction unit in the United States and the world’s largest FLNG vessel. Samsung Heavy Industries secured […]

Continue Reading