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Home2023August

Month: August 2023

China
Exports

The War On Fossil Fuels Empowers China

August 4, 2023 Mariel Alumit

The implications are enormous, for global commerce, and especially for America. China straddles both worlds. It’s the world’s largest coal producer and consumer – and the second-largest fossil fuels consumer after the USA. Although the […]

Nigeria
Fossil

Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal

August 4, 2023 Mariel Alumit

LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use […]

Louisiana
CCUS

Louisiana residents ask state to halt next phase of carbon capture project

August 4, 2023 Mariel Alumit

​ This article first appeared in the Louisiana Illuminator, an independent, nonprofit, nonpartisan news organization with a mission to cast light on how decisions in Baton Rouge are made and how they affect the lives […]

gold
Finance

9 Reasons Why Gold Will Soon Replace Treasuries As The Ultimate Store-Of-Value Asset

August 4, 2023 Mariel Alumit

Authored by Nick Giambruno via InternationalMan.com, In the age of fiat currency, the distinct concepts of saving and investing have become conflated and confused.   Saving is producing more than you consume and then setting […]

Finance

Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of ‘Bidenomics’

August 4, 2023 Mariel Alumit

As inflation and economic uncertainty crush American households, only 46% of adults have emergency savings to cover a $400 expense in the third quarter. That is two percentage points lower than survey results from the […]

ENB Daily Standup

Daily Energy Standup Episode #180 – Weekly Recap: America’s Energy Transition Under Siege: From Silent Threats to Permanent Climate Lockdowns and Burning Ships

August 4, 2023 Andy Del Prado

Daily Standup Weekly Top Stories A Silent Threat To The Energy Transition: America’s Broken Infrastructure Policy July 30, 2023 Allen Santos Authroed by Joshua Trott via RealClear Wire, On paper, the Inflation Reduction Act was a […]

Alberta
International News

Alberta to pause new solar and wind power projects for six months amid review of end-of-life rules

August 3, 2023 Mariel Alumit

Alberta is pausing all approvals for new wind and solar power projects larger than one megawatt for the next six months, as it reviews where they can be built, how the surge in renewables affects […]

Marathon
Downstream

Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins

August 3, 2023 Mariel Alumit

(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]

CHENIERE
Earnings

CHENIERE TOPS EARNINGS ESTIMATES DESPITE WEAKER LNG PRICES

August 3, 2023 Mariel Alumit

HOUSTON, Aug 3 (Reuters) – Top U.S. liquefied natural gas exporter Cheniere Energy Inc on Thursday reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook. The better-than-expected results came despite […]

Energy
Downstream

5 Energy Stocks to Buy on Oil Price Surge

August 3, 2023 Mariel Alumit

After lagging for most of this year, the energy sector made a strong comeback on oil price surge. Oil price logged in the best month since January 2022 with crude oil rising more than 15% […]

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