As the Strait of Hormuz remains effectively closed following the escalation of the U.S.-Israel-Iran conflict in late February 2026, the world is witnessing what energy experts are calling the largest supply shock in history. Traffic through the strait has plummeted by over 95%, choking off roughly 20% of global oil and LNG flows, along with […]
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ENB Pub Note: This article ran on David Blackmon’s Substack, and we highly recommend subscribing. Even as U.S. gasoline prices rise again amid ongoing Strait of Hormuz tensions, American drivers are still paying less than half what Europeans and Asians endure at the pump. The reason is simple: America chose lower taxes and genuine energy […]
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The standard Levelized Cost of Energy (LCOE) has dominated energy policy discussions for years. Policymakers, media, and even some industry reports cite it to claim that wind and solar are now the “cheapest” forms of new electricity generation. But as Germany’s Energiewende and certain U.S. states demonstrate, this metric is dangerously incomplete. It ignores the […]
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In an era of global energy volatility—exemplified by the 2026 Strait of Hormuz crisis and surging U.S. oil and LNG exports—true energy security isn’t just about drilling and producing at home. It’s about controlling the vessels that carry American energy to the world. President Donald J. Trump’s administration has made this crystal clear: Energy dominance […]
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In a clear signal of renewed optimism for the upstream sector, Baker Hughes CEO Lorenzo Simonelli stated that investment in oil and gas production is set to rise. Disruptions from the Iran war are spurring a global push for energy security, according to the head of one of the world’s largest oilfield service providers. Simonelli, […]
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New York and California have long positioned themselves as national leaders—some might say the “gold standard”—in aggressive climate legislation. Laws like New York’s Climate Leadership and Community Protection Act (CLCPA, 2019) and California’s AB 32 (2006), SB 32 (2016), and SB 100 (2018) set ambitious targets for greenhouse gas reductions, renewable energy mandates, and electrification. […]
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In a landmark moment for the advanced nuclear sector, X-Energy, Inc. (NASDAQ: XE) has completed its initial public offering, raising approximately $1.02 billion in gross proceeds. The Maryland-based developer of small modular reactors (SMRs) and advanced nuclear fuel priced its upsized offering of roughly 44.3 million Class A shares at $23 per share—well above the […]
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Golden Pass LNG, a major joint venture between QatarEnergy (70%) and ExxonMobil (30%), has reached a historic milestone. On April 22, 2026, the company announced that its first liquefied natural gas (LNG) export cargo has departed from its Sabine Pass terminal in Texas. The 174,000-cubic-meter QatarEnergy-owned carrier Al Qaiyyah loaded the inaugural cargo at the […]
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California’s energy system is teetering on the edge of collapse. Decades of aggressive refinery closures, strict CARB fuel specifications, and heavy reliance on long-haul imports have left the state uniquely vulnerable. The ongoing disruption in the Strait of Hormuz—triggered by the U.S.-Israeli war on Iran—has now turned that vulnerability into an imminent crisis. Refined product […]
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Tokyo-based Japan Petroleum Exploration Co., Ltd. (JAPEX) today unveiled its ambitious “JAPEX Management Plan 2026-2035,” a decade-long strategy designed to quadruple its oil and gas production and position the company as a more resilient global energy player. The plan places heavy emphasis on U.S. expansion, building on the company’s recent $1.26 billion acquisition of operated […]
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