Finance
THE END OF THE SILICON VALLEY DREAM
It is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable center of technology, but also the embodiment of the spirit […]
US Energy News
Big Oil Companies
ExxonMobil will be “picky” over potential acquisitions
(Bloomberg) – Exxon Mobil Corp. has a high bar for potential acquisitions and will only pursue a large transaction if it finds unique ways of extracting value from a deal, said Chief Financial Officer Kathy […]
Electric Vehicles
California might require bidirectional charging capability in EVs
The California legislature has introduced a bill that would mandate bidirectional charging capability for all new EVs sold in the state beginning in 2027. First spotted by Charged EVs, SB 233 has passed the California Senate Energy Committee […]
Big Oil Companies
Energy ‘better positioned’ for any kind of recession, analyst says
Wells Fargo Analyst Roger Read joins Yahoo Finance Live to discuss quarterly earnings for Chevron and ExxonMobil, falling gas prices, the expectations for a hard landing, and the outlook for oil. – Despite concerns from investors […]
Geopolitical
Russia Sanctions U.S. Energy Secretary
The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Foreign Ministry updated its blacklist to include […]
Coal
Mental health, roofing and job training: Illinois ‘just transition’ grants roll out – what it means to coal and oil workers
Southern Illinois can be a mental health care desert, with residents forced to drive hours to seek care for mental health and substance abuse issues. But that is changing thanks in part to state […]
Crude Oil News
Valero takes Venezuelan crude in February
Valero takes Venezuelan crude in February Houston, 28 April (Argus) — US independent refiner Valero received crude from Venezuela in February, adding to the list of US refineries that are absorbing volumes from the South […]
CCUS
Oxy holds groundbreaking ceremony for carbon capture plant
Oxy’s carbon capture plant, Stratos, will be considered the world’s largest direct air capture plant once it’s complete. ODESSA, Texas — Oxy and its subsidiary, 1PointFive, held a groundbreaking ceremony Friday for their planned carbon […]
Electrical Generation / Utilities
Nuclear Waste Is Misunderstood
On a visit to the site of the Fukushima nuclear plant meltdown in Japan in February, Representative Alexandria Ocasio-Cortez of New York did something refreshing: She discussed radiation exposure and nuclear waste without fanning fear. The radiation […]
Big Oil Companies
Chevron And Exxon Mobil Beat Earnings Estimates Even As Revenue Slips From 2022 Levels
Energy giants Chevron (CVX) and Exxon Mobil (XOM) topped Wall Street estimates for first-quarter financials Friday. However both company’s saw revenue slip compared to a year ago, as the two U.S. majors come off booming […]