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Home2024August

Month: August 2024

Crude Oil News

U.S. Oil Industry Pumps Record Volumes with Fewer Workers

August 11, 2024 Stu Turley

The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the […]

Stocks
Finance

Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole

August 10, 2024 Stu Turley

By Wolf Richter for WOLF STREET. The S&P 500 ended where it had started out, and if you were away from the internet for those five days, you would have missed all the drama that had started out […]

Climate
Climate Crisis

Lomborg: From Polar Bears To Coral Reefs, Climate Disinfo Refuses To Die

August 10, 2024 Stu Turley

Activists’ tales of doom never pan out, but they leave us poorly informed and lead to bad policy. Whatever happened to polar bears? They used to be all that climate campaigners could talk about, but […]

Climate Crisis

Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher

August 10, 2024 Stu Turley

The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is to make it unaffordable or illegal. Any politician who supports the “net zero” agenda is working to make gasoline prices much […]

Solar Panels
Climate Crisis

Biden-Harris’s $1B Plan To Bring Solar Panels To Power-Hungry Puerto Rico Has Been A Debacle

August 10, 2024 Stu Turley

A $1 billion program to install thousands of solar panels has yielded only a tiny handful amid blackouts and ever-increasing residential electric rates. The Biden-Harris administration has, for years, vowed to deploy thousands of solar […]

AI

Week Recap: Chevron’s Texas Move & Global Power Demand Surge

August 10, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I […]

Delinquency Rates
Finance

Credit Card “Delinquency Rates” Drop for 4th Month despite Confusion over NY Fed’s “Transition into Delinquency Rates”

August 9, 2024 Stu Turley

Measuring a level at month-end versus a flow over the past 12 months: Descend with us into delinquency geekdom. By Wolf Richter for WOLF STREET. There are different ways to look at the issue of delinquency with the […]

ENB Podcast

ENB #213 Ronald Stein on the Realities of Clean Energy and Oil Dependency

August 9, 2024 Stu Turley

In the Conversation in Energy with Stuart Turley interviews Ronald Stein, co-author of “Clean Energy Exploitations,” to discuss the critical and often overlooked role of crude oil in modern society. They explore the challenges and […]

Iran
Crude Oil News

Iran Finds New Buyers of Its Oil

August 9, 2024 Mariel Alumit

Iranian oil cargoes are being diverted to Oman and Bangladesh. Iran’s oil production has been recently estimated to have hit its highest level since 2018. Last month, Iran’s Petroleum Minister Javad Owji claimed that Tehran […]

Biomass
Biofuel

Biomass power station produced four times emissions of UK coal plant, says report

August 9, 2024 Mariel Alumit

The Drax power station was responsible for four times more carbon emissions than the UK’s last remaining coal-fired plant last year, despite taking more than £0.5bn in clean-energy subsidies in 2023, according to a report. The North Yorkshire power […]

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