The real cause of unreliable power is government-dictated ‘green energy’ policies that punish reliable fossil fuels and nuclear. Don’t blame the climate for unreliable power, blame climate policies that shut down reliable power. In recent […]
Daily Standup Top Stories When will the world hit peak oil? Elon Musk’s Grok 2.0 is becoming a useful tool, and funny. Stu Turley First, I want to let you know that I am very […]
HOUSTON, Aug 14 (Reuters) – Oil prices slipped on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could threaten production in one of the world’s […]
By Wolf Richter for WOLF STREET. On a month-to-month basis, the Consumer Price Index (CPI) and Core CPI accelerated in July. Inflation in core services, which accounts for 65% of total CPI, bounced back from the outlier and […]
Recent developments in ultra-high-pressure drilling technology like the one U.S. supermajor Chevron uses at its new Gulf of Mexico project could unlock more than 5 billion barrels of known but previously inaccessible oil deposits globally, […]
Nearly 40% of the announced clean energy projects under Biden’s IRA, worth $84 billion, are facing delays or indefinite pauses. Factors contributing to these delays include falling solar panel prices, rising costs, high interest rates, […]
After an optimistic start to the summer that sent jet fuel demand soaring, analysts now caution that global jet fuel demand is set for a slowdown in tandem with consumer spending, with the potential to […]
Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]
People living in low income households in the UK are more likely to pay higher energy costs than those in wealthier households. That’s according to research, published in the journal Energy Economics, which found that […]
Cheniere is the largest LNG exporter in the US. The company’s Sabine Pass facility in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, and its three-train […]
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