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Home2022November

Month: November 2022

Economy
Climate Crisis

Guest Feature: Energy *IS* the Economy

November 15, 2022 Mariel Alumit

Energy *IS* the Economy Introduction Sustainability is a myth. Our global economy uses energy to process limited natural resources into high entropy waste and heat. Entropy represents dispersed mass and energy unavailable to create physical […]

Pakistan
Industry Insights

BBC Admit Their Pakistan Floods Claim Was False

November 15, 2022 Mariel Alumit

​ From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h/t Tim There’s been an interesting follow up to this story about the Pakistan floods at the end of August: https://www.bbc.co.uk/news/world-europe-62712301 Readers will […]

Istanbul
Aljazeera International

Deadly Istanbul bombing sparks fear and defiance in Turkey

November 15, 2022 Mariel Alumit

Istanbul, Turkey – Crowds have begun returning to Istiklal Avenue, the busy pedestrian street in central Istanbul where a bombing on Sunday killed six people and wounded 81. Locals expressed shock and defiance after the […]

Palestinian
Aljazeera International

UN agency for Palestinians needs $50-80m to ‘keep running’

November 15, 2022 Mariel Alumit

The head of the United Nations agency for Palestinian refugees said on Monday that the agency’s “assets have become obsolete”, and that it needs $50-80m to keep services running until the end of the year. […]

Arabia
Crude Oil News

Washington’s Oil Supply Spat With Saudi Arabia Could Backfire

November 15, 2022 Mariel Alumit

Three weeks ago, President Joe Biden threatened Saudi Arabia with “consequences” after OPEC+ decided to cut production. Turkey’s Foreign Minister Mevlut Cavusoglu, for instance, called Biden’s behavior towards Riyadh “bullying”. Saudi Foreign Minister Al-Jubeir has […]

Oil Markets
Crude Oil News

Why Demand Destruction Is More Worrying Than A Supply Crunch In Oil Markets

November 15, 2022 Mariel Alumit

The two main narratives in oil markets today revolve around a supply crunch sending prices higher and the global economic slowdown destroying demand. While there are both supply and demand issues, it seems that the […]

EU
LNG

The EU looks to speed up renewable energy projects: What you need to know about the global energy crisis this week

November 15, 2022 Mariel Alumit

This weekly round-up brings you the latest on developments in the global energy sector. Top energy stories: EU proposes emergency measures to speed up renewable energy projects; Increased gas use is threatening climate goals; More […]

Energy
Finance

Energy & Sustainability M&A Activity — November 2022

November 15, 2022 Mariel Alumit

September 29, 2022: Safari Energy, a subsidiary of PPL (NYS: PPL), reached a definitive agreement to be acquired by Aspen Power Partners for an undisclosed amount on September 29, 2022. Safari Energy is a provider of solar energy […]

Russia
Geopolitical

Russia destroying gas to punish opposing European nations: EU

November 15, 2022 Mariel Alumit

European Commission President Ursula von der Leyen, on Tuesday, accused Russia of using its gas as a weapon and destroying it instead of selling it. She made the accusation at the G20 summit as she […]

Diamondback
Earnings

Diamondback Energy: The Pending Firebird’s Acquisition Is A Positive

November 15, 2022 Mariel Alumit

Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]

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