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HomeUS Energy News

US Energy News

Climate Crisis

Biden Administration Ready To Unleash A $27 Billion Green Slush Fund

February 12, 2023 Mariel Alumit

Authored by Mike Shedlock via MishTalk.com, Biden slush fund money is now looking for a home. A battle is on over who gets to waste it… Biden’s $27 Billion Clean Energy Catalyzer Slush Fund Competition […]

EnergyNews

U.S. Drillers Cut the Most ‘Gas’ Rigs in a Week Since 2017

February 11, 2023 Mariel Alumit

​U.S. energy firms cut the number of natural gas rigs by the most in a week since October 2017, while adding the most oil rigs in a week since June, energy services firm Baker Hughes […]

Crude Oil News

U.S. rig count outlook cut by Raymond James on low natural gas prices

February 11, 2023 Mariel Alumit

​ Raymond James trims its 2023 U.S. rig count forecast to 750 from 813 on lower natural gas prices; lowers PT of some of the oilfield services companies. U.S. natural gas futures fell by 40% […]

Energy Policy

Republican senators seek to reverse U.S. heavy-duty truck emissions rule

February 11, 2023 Mariel Alumit

Semi-trucks line up near Pier J to retrieve shipping containers from China-based ship at the Port of Long Beach, in Long Beach, California, U.S., April 4, 2018. REUTERS/Bob Riha Jr./File Photo WASHINGTON, Feb 9 (Reuters) […]

Big Oil Companies

ESG Investing Failure and Major Setback: Exxon Retreats From Major Climate Effort to Make Biofuels From Algae –

February 11, 2023 Mariel Alumit

​After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.  Exxon has slashed its support for Viridos Inc., […]

Biden
Crude Oil News

Biden’s Demagoguery is an Existential Threat to Climate Progress

February 10, 2023 Mariel Alumit

President Biden’s promise to be a “unity” president took another step backward when he used his State of the Union address to turn progressive demagoguery up to 11. Biden declared, “Instead of making the wealthy […]

Electric
Electrical Generation / Utilities

The Latest Market Data Show that the Potential Savings of New Electric Transmission was Higher Last Year than at Any Point in the Last Decade

February 10, 2023 Mariel Alumit

In 2022, additional transmission could have reduced electric system costs by more than in any year from 2012 through 2021. Generally high electricity prices coupled with extreme weather events and other factors helped drive the […]

GOP
Coal

GOP-Led House Panels Shift Gears, Goes Full Throttle For Domestic Energy Production

February 10, 2023 Mariel Alumit

Authored by John Haughey via The Epoch Times (emphasis ours), Oil is pumped and natural gas is flared off on an oilfield near Watford City, N.D., on June 12, 2014. (Charles Rex Arbogast/AP Photo) It […]

Oil
Crude Oil News

US Real Yields Pose Risks To Oil Rally

February 10, 2023 Mariel Alumit

By Nour Al Ali, Bloomberg Markets Live reporter and strategist While there are many reasons to be bullish on oil, a contrarian view signals prices may fall in coming months so long as real interest […]

Los Angeles
Hydrogen

L.A. is shutting down its largest gas plant — and replacing it with an unproven hydrogen project

February 9, 2023 Mariel Alumit

The Los Angeles City Council voted unanimously Wednesday to move forward with an $800-million plan to convert the city’s largest gas-fired power plant to green hydrogen — a first-of-its-kind project that was hailed by supporters […]

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