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Home2023May

Month: May 2023

Biden
Energy Policy

Why AOC and Biden may get the last laugh on oil and gas

May 23, 2023 Mariel Alumit

The tensions between the providers of fossil fuel and renewable energy are increasing.  And the president has not helped. Since taking office, President Biden has bent over backwards to accommodate the aggressive agenda set by […]

Renewable
Energy Policy

Renewable advocacy groups ask Congress for transmission permitting reforms

May 23, 2023 Mariel Alumit

With permitting reform discussions occurring in Congress this week and debt ceiling negotiations continuing, major national renewable energy organizations sent a letter to House and Senate leadership urging the enactment of bipartisan transmission permitting legislation that builds […]

GAZPROM
Exploration and Production

GAZPROM 2022 NET PROFIT FALLS 40% ON TAX HIKE, FULL-YEAR DIVIDEND SCRAPPED

May 23, 2023 Mariel Alumit

MOSCOW, May 23 (Reuters) – Gazprom’s net profit fell more than 40% to 1.226 trillion roubles ($15.77 billion) last year due to a tax hike in the second half of the year, the Russian energy […]

Mexico
Energy Transition

Why Is Mexico’s President So Hostile To Solar Energy Investment?

May 23, 2023 Mariel Alumit

Mexico is one of the best potential locations for solar energy generation in the world. It has great sun with minimal seasonal variability. On paper at least, Mexico is well-positioned to produce competitively priced solar-generated electricity. Over […]

EU
Electrical Generation / Utilities

EU risks losing energy transition race, Volvo and Vattenfall warn

May 23, 2023 Mariel Alumit

BRUSSELS, May 23 (Reuters) – Europe risks being left behind on green energy innovation and investment if various pieces of legislation are not aligned and simplified, the CEOs of Volvo Group and Vattenfall said. Sweden’s […]

Liquefied
Crude Oil News

Issues in Focus: Effects of Liquefied Natural Gas Exports on the U.S. Natural Gas Market

May 23, 2023 Mariel Alumit

Executive Summary To explore the effects of future U.S. liquefied natural gas (LNG) export volumes on domestic natural gas prices, we examined a range of potential LNG price and investment drivers using the same model […]

Saudi Arabia
Energy Transition

Can the oil industry help address climate change? Saudi Arabia says yes.

May 23, 2023 Mariel Alumit

A bulldozer and a crane lift barren earth from the ground at breakneck speed as six men in white thobe gowns tied around their waists carefully stack 100-pound slabs of rock in a long, neat row. A […]

Price
Investments

Top-Ranked Homebuilders Suddenly See Cracks Appear. D.R. Horton, Lennar Sell Off.

May 23, 2023 Mariel Alumit

The top-ranked homebuilders group continued to break down Tuesday, even as new home sales jumped to a 13-month high in April. Housing giants D.R. Horton (DHI) and Lennar (LEN) sold off sharply in today’s stock […]

Price
Investments

The Important — And Overlooked — Caveat Behind Pfizer’s Rival To Novo Nordisk In Diabetes

May 23, 2023 Mariel Alumit

It’s the heyday for a specific class of diabetes drugs, an analyst said Tuesday after Pfizer (PFE) stock surged on the results of its study in patients with diabetes. On Monday, a paper from the […]

Price
Investments

Microchip Technology Stock Shows Market Leadership With Jump To 81 RS Rating

May 23, 2023 Mariel Alumit

On Tuesday, Microchip Technology (MCHP) stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 76 the day before. When looking […]

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