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Home2024August

Month: August 2024

Crude Oil News

Oil tycoon Emmanuel Fritz Paret acquires 150 wells, 140 million barrels of oil in Kentucky reserve deal

August 24, 2024 Stu Turley

(WO) — Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition includes 150 wells and an estimated 140 million barrels of […]

Fossil Fuels
Climate Crisis

Why Fossil Fuels Beat Renewables On Costs, Reliability, And Economic Impact

August 24, 2024 Stu Turley

We are often told that wind and solar, if not cheaper, are at least cost-competitive with fossil fuels. Nothing could be more wrong. ​We are often told that wind and solar, if not cheaper, are […]

Climate
Climate Crisis

‘Third Rail:’ Why Kamala And The Dems Stopped Peddling Climate Doom This Election

August 24, 2024 Stu Turley

Harris is trying to broaden her appeal to more moderate voters and then govern as a climate hardliner once in office. Sound familiar? ​Vice President Kamala Harris has been tight-lipped about her record on climate […]

UK
Energy Crisis

October energy bill hike to push 400k more homes into fuel poverty

August 24, 2024 Stu Turley

From 1st October, around six million UK households are expected to be in fuel poverty, according to figures from National Energy Action. This marks an increase from 5.6 million households currently affected. The new price […]

China
Critical Minerals

China Tightens Its Grip on Yet Another Critical Mineral

August 24, 2024 Stu Turley

And for now, the United States has few other options. More than a year after China rattled the West by imposing export controls on gallium and germanium, two powerful chipmaking inputs, Beijing flexed its muscles […]

DNC
Geopolitical

What Harris’s DNC Speech Reveals About Her Foreign Policy

August 24, 2024 Stu Turley

An FP Live discussion with Anne-Marie Slaughter and Matt Duss. From Oprah Winfrey to the Clintons and the Obamas, a star-studded Democratic National Convention (DNC) came to a close on Thursday night in Chicago with […]

Crude Oil News

Abandoned suezmax off Yemen risks becoming fifth-largest tanker spill in history

August 24, 2024 Stu Turley

MarineTraffic / Sakis Antoniou The Sounion suezmax, badly damaged and abandoned following multiple attacks by the Houthis on Wednesday, risks spilling four times as much oil as the Exxon Valdez, arguably tanker shipping’s most famous […]

Climate Crisis

Week Recap: Nuclear Revival, Wind Power Issues, and LNG Growth

August 24, 2024 Andy Del Prado

Weekly Daily Standup Top Stories A New Era for Nuclear Power in the U.S. August 17, 2024 Stu Turley The US government is supporting the reopening of the Palisades nuclear power plant, the first such effort […]

Inventory
Finance

Inventory of New Completed Houses Surges to Highest since 2009, Triple from 2 Years Ago, Exactly What’s Needed to Bring Down Prices across the Housing Market

August 23, 2024 Stu Turley

Sales of new houses jumped, fueled by lower prices, big incentives, and mortgage-rate buydowns. Homebuilders are taking share from homeowners. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped to 99,000 houses in July, the […]

Coal Reserves
Coal

Russia’s Coal Reserves to Last Over a Century Despite Market Pressures

August 23, 2024 Mariel Alumit

Russia has announced that it possesses more than a century’s worth of coal reserves, signaling its enduring role as a key player in the global energy landscape despite facing Western sanctions. According to Alexander Kozlov, […]

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