This was originally posted on American Bazaar Online. By Phil Cruver As AI data centers face rising power demands, abandoned oil wells are being repurposed into long-duration energy storage systems that could stabilize electric grids and create new economic value. The recent analysis “The Borehole Battery: From Liability to Long Duration Storage Asset” by Gilles Chaspierre, […]
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The global oil market is experiencing sharp volatility, shifting rapidly from fears of an impending glut to renewed geopolitical risks centered on the Strait of Hormuz. This comes amid escalating U.S.-Iran tensions, highlighted by Washington’s revocation of a key license allowing Iranian oil sales and Tehran’s persistent efforts to impose fees or tolls on shipping […]
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In a major overnight operation, Ukrainian drone forces struck eight Russian “shadow fleet” tankers in the Sea of Azov that were delivering fuel to occupied Crimea. The attack, described by Ukrainian commanders as achieving “industrial-scale results,” marks the latest and most concentrated blow in Kyiv’s sustained campaign to disrupt Russia’s energy exports and logistics supporting […]
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A fresh Iranian missile strike on a Qatari LNG tanker in the Strait of Hormuz has dealt a significant setback to UK and French plans to begin limited de-mining operations in the waterway’s southern route. The incident, reported on July 7, 2026, comes just days after Oman granted permission for European forces to assist in […]
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The UK is staring down a £500 billion ($667 billion) price tag to hit its net-zero and clean power targets. This eye-watering sum, mostly front-loaded capital expenditure on renewables, grid upgrades, and transmission infrastructure, is set to hammer businesses and household bills for at least the next decade. According to the Energy Industries Council (EIC), […]
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The 2026 Strait of Hormuz crisis has exposed a critical vulnerability in global energy markets: Iran’s ability to weaponize the narrow waterway through which up to 20–21 million barrels per day (bpd) of oil — roughly one-third of seaborne global trade — and about one-fifth of the world’s LNG normally flow. Following the U.S./Israeli military […]
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Doomberg stops by and drops some truth bombs around the cage. We cover his article for tomorrow and Friday and tee up his book. You can read all of Doomberg’s articles on Doomberg A lateral-thinking approach to energy, finance, and geopolitics | Subscribe below for free previews of new articles | Click through to our […]
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The AI-driven data center boom is reshaping U.S. energy demand, with hyperscalers (Microsoft, Meta, Google, Amazon, Oracle, and others) pouring hundreds of billions into new facilities that require massive, reliable, 24/7 power. Natural gas—via pipelines, turbines, onsite generation, and supporting equipment—is emerging as a critical bridge fuel due to its dispatchability, speed of deployment, and […]
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The era of ultra-cheap U.S. natural gas appears to be ending. A combination of explosive demand growth from LNG exports and AI-driven data centers, paired with maturing supply dynamics, is poised to push Henry Hub prices higher while potentially flattening the traditional seasonal price swings that have defined the market for decades. Traditional Seasonality Under […]
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Middle East oil producers are grappling with significant challenges in selling their crude, even as global benchmark prices (Brent and WTI) have surprisingly softened below or near pre-conflict levels. This comes despite a major supply shock from disruptions in the Strait of Hormuz following the early 2026 Iran conflict (U.S./Israeli strikes on Iran). The market […]
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