Weekly Daily Standup Top Stories 3 offshore wind projects nixed in New York April 19, 2024 Stu Turley New York canceled power contracts for three offshore wind projects Friday, citing a turbine maker’s plans to scrap its biggest machines. The news is a heavy blow to the U.S. offshore wind industry and a […] Biden administration considers […]
Continue ReadingDaily Standup Top Stories OPEC to increase oil production from July, International Monetary Fund predicts April 24, 2024 Mariel Alumit (Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing […] Reuters […]
Continue ReadingDaily Standup Top Stories States are acting to prevent their own electricity crisis April 16, 2024 Stu Turley The Wall Street Journal editorial board warned recently that the Biden Administration’s climate agenda is forcing the retirement of fossil-fueled power plants that supply almost 60 percent of U.S. electricity. These power plants are essential to satisfy America’s rapidly […] Top Indian Refiner […]
Continue ReadingDaily Standup Top Stories Big oil and gas firms deepen investment in carbon capture April 10, 2024 Mariel Alumit Carbon capture companies find themselves in an odd position. They exist because of the threat of climate change, a problem created largely by fossil fuels. At the same time, the firms that extract and […] BRICS helping […]
Continue ReadingDaily Standup Top Stories Dimon Calls Push to Stop All Oil and Gas Enormously Naïve April 8, 2024 Mariel Alumit Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to pacify those who believe oil and gas projects should simply be stopped — a position he calls “wrong” and “enormously […] Environmentalists […]
Continue ReadingDaily Standup Top Stories Buttigieg rejects critics of EV future: Like people in 2000s saying we could have landlines forever April 3, 2024 Mariel Alumit Transportation Secretary Pete Buttigieg rejected criticism of the Biden administration’s push for America to embrace a future where electric vehicles (EVs) overtake internal combustion engines, comparing the dynamic to that of landline phone […]
Continue ReadingDaily Standup Top Stories BlackRock hit with ‘cease and desist’ after allegedly misleading investors about ESG practices April 1, 2024 Mariel Alumit Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of State’s Office have issued a “Cease and Desist Order” against asset manager BlackRock, alleging deceptive practices regarding the company’s Environmental, […]
Continue ReadingDaily Standup Top Stories Colorado lawmakers adopt cuts, hard choices as state faces $170 million budget shortfall March 27, 2024 Mariel Alumit Between March 15 and March 21, the six members of the Joint Budget Committee — the group of lawmakers in charge of drafting Colorado’s spending plan — found themselves with a problem. With just over […]
Continue ReadingDaily Standup Top Stories Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude March 25, 2024 Mariel Alumit The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident […] Don’t let California […]
Continue ReadingDaily Standup Top Stories CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITION March 19, 2024 Mariel Alumit HOUSTON, March 18 (Reuters) – Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost […] Up […]
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