In March, The New York Times declared to its readers that a “single bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days”. The […]
Proponents of fossil fuel production hit back against efforts to tackle the climate crisis by urgently phasing out the burning of hydrocarbons, as the Russian invasion of Ukraine severely disrupts energy supplies. A series of […]
In our Annual Energy Outlook 2022 (AEO2022), Issues in Focus: Exploration of the No Interstate Natural Gas Pipeline Builds, we analyze the effects on the energy market if no additional U.S. natural gas pipeline capacity […]
Getting to carbon net-zero will require using fossil fuels until technology can make renewables cost-effective. The biggest negative to oil and gas is the methane leaks from the storage tanks and the tank batteries. What […]
Tokyo, April 1 (Reuters) – U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s invasion of Ukraine, Japan’s industry ministry said, a day after […]
Ukraine takes back more territory near Kyiv Huge fire in Russian logistics hub as peace talks resume Gas still flowing to Europe despite Putin threat Red Cross convoy again fails to reach besieged Mariupol Workers […]
(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included […]
(Bloomberg) — Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people […]
For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what […]
Gas flows from Russia to Europe were uninterrupted on Friday morning. The Kremlin signaled on Friday that it would not cut off the supply immediately. Concerns could intensify later this month because payments from customers […]
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