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News Ticker
  • [ June 4, 2023 ] AI’s Influence On The Workforce – And How Much More Energy Will Be Required? AI
  • [ June 4, 2023 ] Biden signs debt ceiling bill, pulling US from brink of default – or will the trillions of “printed” money push U.S. over the brink? Bankruptcy
  • [ June 4, 2023 ] Stock Market Rally Shows Character Change With Tesla, Apple In Focus; Here’s What To Do Now Finance
  • [ June 3, 2023 ] Could BRICS challenge US dominance in the global economy? Finance
  • [ June 3, 2023 ] Why Is China Digging 33,000 Feet Into The Earth’s Crust? Critical Minerals
  • [ June 3, 2023 ] Exxon And Chevron Close To Signing Gas Exploration Deals In Algeria Big Oil Companies
  • [ June 3, 2023 ] Senior UAE official defends Big Oil’s role at UN climate summit, as they can help pay for the Energy Transition Big Oil Companies
  • [ June 3, 2023 ] Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes? Crypto
  • [ June 3, 2023 ] Israel is leading an energy industry revolution fueled by natural gas Crude Oil News
  • [ June 3, 2023 ] Eyeing a Shift to Renewables, Worley Sells Its Refinery … Downstream
Home2023May

Month: May 2023

Supreme
CCUS

US Supreme Court rulings darken forecast for EPA powers

May 31, 2023 Mariel Alumit

May 31 (Reuters) – In a span of 11 months, the U.S. Supreme Court has delivered a one-two punch against the Environmental Protection Agency’s ability to combat air and water pollution in twin rulings that […]

energy
Energy Policy

Clean energy dodges a bullet in the Texas legislature

May 31, 2023 Mariel Alumit

The best thing that Doug Lewin, president of Texas-based energy consultancy Stoic Energy, can say about the just-concluded Texas legislative session is that it could have been much, much worse. Lawmakers failed to pass bills that […]

Russia
Downstream

Drones Target Southern Russia Oil Refineries

May 31, 2023 Mariel Alumit

A fire erupted at an oil refinery in southern Russia’s Krasnodar region on Wednesday after a likely drone attack, its governor said as local officials reported a downed drone near another refinery. Governor Venyamin Kondratyev wrote on […]

oil
Earnings

‘Best-In-Class’ EV Charging Stock ChargePoint Has Earnings Due

May 31, 2023 Mariel Alumit

ChargePoint (CHPT) earned an upgrade Tuesday as a “best-in-class way” to play the EV charging space. CHPT stock eased Wednesday after rocketing the prior session, with ChargePoint earnings due late Thursday. “The reason for our […]

Bankruptcy

How does US debt rank compared with the rest of the world?

May 31, 2023 Allen Santos

Global debt currently stands at $305 trillion, $45 trillion higher than before the COVID-19 pandemic, according to the Institute of International Finance (IIF) – a global association of the financial industry. Global debt is the […]

EnergyNews

Commentary: New York’s race to clean its grid starts at the home

May 31, 2023 Allen Santos

​ The following commentary was written by Karl R. Rábago. Rábago provides consulting advice on clean energy issues across the U.S. from his home in Denver, Colorado. For more than five years, he led the […]

oil
EIA News

U.S. residential electricity bills increased 5% in 2022, after adjusting for inflation

May 31, 2023 Allen Santos

May 31, 2023 Data source: U.S. Energy Information Administration, Monthly Electric Power Industry Report and Annual Electric Power Industry Report Note: Real prices are adjusted for inflation. In nominal terms, the average monthly electricity bill […]

Finance

Goldman Sachs Prepares For Third Round Of Layoffs As M&A Activity Slumps

May 31, 2023 Allen Santos

As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve’s ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, […]

Finance

Central Banks Are Buying Gold At Record Pace, What Does That Mean For Inflation?

May 31, 2023 Allen Santos

Authored by Mike Shedlock via MishTalk.com, A reader wanted to know if central bank buying gold at a record pace adds to inflation. Let’s crunch the numbers then look at the true meaning of the […]

oil
Investments

Tech Roars Back As MSFT, ASML, AMAT, ORCL Lead Industry Charge

May 31, 2023 Allen Santos

Stock market history shows that the best stocks to buy and watch often hail from the top-ranked industry groups. As last year’s bear market ravaged the tech sector, bellwether names like Microsoft (MSFT), Adobe[ticker symb=ADBE], […]

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Is Bidens controversial Bitcoin mining tax dead or set to rise from the ashes
Crypto

Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

June 3, 2023

Bitcoin (BTC) miners in the United States  can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass. The Digital Assets […]

Electric Vehicles

California State Assembly Votes To Ban Driverless Trucks

June 3, 2023

By Alan Adler of FreightWaves, The California State Assembly voted Wednesday to ban driverless trucks from the state’s roadways, requiring a safety driver be present. If passed by the Senate, it would leave the state […]

Hawaii
Energy Storage

Can’t Help Falling In Love – Hawaii Finds The Move Away From Fossil Fuels Is Easier Said Than Done

June 2, 2023

It has become abundantly clear over the past couple of years that energy transition isn’t going to be a straight line leading directly to abundant carbon-free power and a net-zero world. All sorts of obstacles […]

Shell
E&P

Shell takes Stena Drilling’s newest drillship for work in Gulf of Mexico

June 1, 2023

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico. This assignment will be undertaken by the newest addition […]

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