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Home2024May

Month: May 2024

California
Energy Policy

California Gas Regulators Ensure Prices Might Never Go Down With Hidden 50 Cent Annual Tax Increase

May 14, 2024 Mariel Alumit

A little-known longstanding fossil fuels reduction program that was put in place by the California Air Resources Board (CARB) could very well lead to a 50-cent per gallon cost increase for gasoline and diesel fuel sold in […]

Core Business
Big Oil Companies

Profits Over ESG as Supermajors Pivot Back to Their Core Business

May 14, 2024 Mariel Alumit

Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […]

Bloomberg
Crude Oil News

New Bloomberg Study Warns of $150 Oil

May 14, 2024 Mariel Alumit

A recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg Economics (BE), “an escalation to a direct war between Israel and Iran could result […]

NO Climate Crisis
Climate Crisis

‘NO Climate Crisis’ Says Coalition of 1,600 Actual Scientists

May 14, 2024 Mariel Alumit

“There is ‘NO Climate Crisis’ says a coalition of 1,600 actual scientists” in a recent letter to the California Air Resources Board. In fact, the scientists find that “California is in no danger of unusual […]

Trump
Energy Policy

Trump Vows Day One Executive Order Targeting Offshore Wind

May 14, 2024 Mariel Alumit

Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president, making his most explicit threat yet toward the growing industry. The presumptive Republican nominee derided […]

Germany
Energy Crisis

Indefinite Weekend Driving Ban in Germany?

May 14, 2024 Mariel Alumit

Germany is moving full speed ahead to reach their asinine climate targets. The citizens who are in essence the very carbon they wish to destroy must be punished for not sacrificing enough to uphold Angela […]

Saudi Aramco CEO
AI

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

May 14, 2024 Mariel Alumit

HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]

Gazprom
Geopolitical

Gazprom using FSRU Marshal Vasilevskiy as LNG tanker, LSEG data shows

May 14, 2024 Mariel Alumit

MOSCOW, May 13 (Reuters) – Russia’s Gazprom (GAZP.MM),  is using a floating storage and regasification unit (FSRU) as a tanker to export liquefied natural gas (LNG) from its Portovaya LNG plant in the Baltic Sea, LSEG […]

U.S.
Finance

A recession could trigger a U.S. debt crisis, Wall Street economists warn

May 14, 2024 Mariel Alumit

As Congress prepares to debate whether to extend the 2017 Trump tax cuts, the unsustainability of the U.S. fiscal position is coming into focus. The ratio of federal debt to the size of the U.S. […]

Biden
Climate Crisis

Biden is slapping tariffs on China. Will the climate suffer?

May 14, 2024 Mariel Alumit

Are tariffs good for fighting climate change? It’s a question at the center of President Joe Biden’s move to hike duties on a host of Chinese-made green goods. Biden will announce Tuesday that he’s imposing […]

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