Storage Archives - Page 2 of 5

Cushing, Oklahoma Oil Storage Hits Tank Bottom: Implications for Energy Markets, Consumers, and Investors

June 17, 2026 Clark Savage4414

Cushing, Oklahoma — often called the “Pipeline Crossroads of the World” — is facing critically low crude oil storage levels, with inventories hovering near operational “tank bottoms.” As of the week ending June 5, 2026, Cushing held approximately 21.64 million barrels of crude oil (excluding the Strategic Petroleum Reserve), according to U.S. Energy Information Administration […]

With Wind and Solar Subsidies Ending, How Will the Energy Mix End Up?

June 13, 2026 Clark Savage553

The U.S. wind and solar industries are facing a sharp policy reversal. The Trump administration’s One Big Beautiful Bill Act (signed July 4, 2025) and follow-on Executive Order have effectively ended the generous federal tax credits (Production Tax Credit under Section 45Y and Investment Tax Credit under Section 48E) that fueled much of the recent […]

US Oil Levels Down Again This Week: Inventories Tighten Amid Geopolitical Strain and Looming Futures Rollover

June 13, 2026June 13, 2026 Clark Savage3143

U.S. commercial crude oil inventories fell for the seventh consecutive week, according to the latest U.S. Energy Information Administration (EIA) Weekly Petroleum Status Report for the week ending June 5, 2026. Commercial crude stocks (excluding the Strategic Petroleum Reserve) dropped by 7.2 million barrels to 426.5 million barrels — now about 5% below the five-year […]

SPR Draw Down at Critical Levels and May Surpass the Biden Abuse

June 3, 2026 Clark Savage3183

The U.S. Strategic Petroleum Reserve (SPR) is being drained at a record pace under the current administration, with projections showing it could hit operational minimum levels as early as August 2026—faster than the Biden-era releases of 2022. At the same time, California is staring down a severe refined-product crunch, with jet fuel and diesel inventories […]

Canada’s Economic and Industrial Collapse under Mark J Carney

May 14, 2026 Clark Savage1101

Canada’s manufacturing and industrial base is in freefall under Prime Minister Mark J. Carney’s leadership. A viral X post from @wealthmoose on May 14, 2026, lays out the stark reality with receipts: over $50 billion in planned investments have been canceled, moved, or evaporated in key auto, battery, and manufacturing projects across Ontario and Quebec. […]

EU Energy Management Decisions Will Cost Them, and They Just Bought Historic Levels of Russian LNG

April 28, 2026 Clark Savage760

The European Union’s energy policymakers have spent years touting their “REPowerEU” strategy as a masterstroke of independence from Russian fossil fuels. Yet in March 2026—mere weeks after the EU began rolling out its formal ban on short-term Russian LNG purchases—the bloc imported more Russian liquefied natural gas than in any month on record. According to […]

Tesla’s Battery Business Stalls, but Don’t Count Them Out

April 22, 2026 Clark Savage4651

Tesla’s energy storage division—once a quiet, high-margin moneymaker that outpaced the company’s slowing EV sales—has hit an unexpected bump. Bloomberg’s latest report highlights how the battery business, which fueled rapid revenue growth amid softening auto demand, suddenly stalled in early 2026. In Q1 2026, Tesla deployed just 8.8 GWh of energy storage products—down about 15% […]

Eni Says It Is Time to Suspend the Ban on Russian Gas

April 16, 2026 Clark Savage1291

In a striking intervention that challenges Europe’s long-standing energy decoupling strategy, Claudio Descalzi, CEO of Italy’s state-backed energy giant Eni, has publicly urged the European Union to suspend its upcoming ban on Russian liquefied natural gas (LNG). Speaking at a political event organized by Italy’s Lega party, Descalzi stated: “I think that it is necessary […]

Big Solar Comes for My Home County

April 5, 2026 Clark Savage521

ENB Pub Note: The Energy Bad Boys are one of my favorite Substack authors out there, and I am sending them a note to get them on the podcast. This is an outstanding article, and will be covered on the Energy News Beat Stand up later today. We highly recommend subscribing to their Substack as […]

EIA: US Crude Inventories Drawn Down as Demand Increases

February 19, 2026 Clark Savage284

The latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA), released on February 19, 2026, reveals a significant drawdown in U.S. crude oil inventories for the week ending February 13, 2026. Commercial crude oil stocks fell by 9.0 million barrels to 419.8 million barrels, a stark reversal from the previous week\’s […]

Category: Storage

Cushing, Oklahoma Oil Storage Hits Tank Bottom: Implications for Energy Markets, Consumers, and Investors

With Wind and Solar Subsidies Ending, How Will the Energy Mix End Up?

US Oil Levels Down Again This Week: Inventories Tighten Amid Geopolitical Strain and Looming Futures Rollover

SPR Draw Down at Critical Levels and May Surpass the Biden Abuse

Canada’s Economic and Industrial Collapse under Mark J Carney

EU Energy Management Decisions Will Cost Them, and They Just Bought Historic Levels of Russian LNG

Tesla’s Battery Business Stalls, but Don’t Count Them Out

Eni Says It Is Time to Suspend the Ban on Russian Gas

Big Solar Comes for My Home County

EIA: US Crude Inventories Drawn Down as Demand Increases

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