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Home2024

Year: 2024

Russian LNG
Energy Crisis

EU pressures European importers to cut down Russian LNG purchases in 2024

March 16, 2024 Stu Turley

The EU is increasing pressure on European buyers to limit purchases of Russian liquified natural gas (LNG) in 2024, Bloomberg reported on March 16, citing EU Energy Commissioner Kadri Simson. Western countries imposed extensive sanctions against […]

BRICS

BRICS: Treasury Secretary Predicts Fall of US Dollar As Reserve Currency

March 16, 2024 Stu Turley

The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]

Electric Grid
AI

America’s Electric Grid Is Not Ready for the Demand Explosion to Come

March 16, 2024 Stu Turley

Key Takeaways: 1: The Biden Administration is pushing to increase electricity demand by forcing the electrification of everything. 2: New demand is also coming from industries ranging from AI to bitcoin mining to data centers. […]

Somali
Geopolitical

Abducted bulk carrier tipped as new mothership for Somali pirates

March 16, 2024 Mariel Alumit

A Navibulgar bulk carrier, abducted by Somalis in December, could be being used now as a mothership as pirates ramp up their activities off the Horn of Africa. UK maritime security consultants Ambrey warned yesterday […]

AI

Daily Energy Standup Episode #330 – Weekly Recap: Grid Exploitation, Banking Woes, Solar Ethics, AI Demands, OPEC-IEA Divide, and California’s Price Surge

March 16, 2024 Andy Del Prado

Daily Standup Top Stories Green-Plating™ the Grid: How Utilities Exploit the “Energy Transition” to Rake In Record Profits March 10, 2024 Stu Turley ENB Pub Note: This article is from the Energy Bad Boys Substack! I […]

Rate
Finance

Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper Hand

March 15, 2024 Mariel Alumit

From mid-October through the end of January, the 6-month Treasury yield had dropped by about 43 basis points, from around 5.58% to 5.15% (green box in the chart below). This means roughly, that at the […]

Electric Transmission
Coal

Electric Transmission Buildout Could Cost Americans Trillions of Dollars

March 15, 2024 Mariel Alumit

Though windmills and solar panels get the headlines, the big energy topic in Washington is electric transmission. Whether it is Congress’s newfound interest in permitting reform, the U.S. Department of Energy’s new Grid Deployment Office, […]

hydrogen
Energy Tech

Cost advantage of natural hydrogen sparks energy companies’ interest – report

March 15, 2024 Mariel Alumit

At the end of 2023, 40 companies were searching for natural hydrogen deposits, up from just 10 in 2020, new research by Rystad Energy shows. According to the Oslo-based business intelligence company, exploration efforts are […]

Pennsylvania
Electrical Generation / Utilities

Pennsylvania lowers CO2 emissions, ranks as nation’s top power exporter, says new update

March 15, 2024 Mariel Alumit

The latest data shows that Pennsylvania remained the top electricity export state and reached a new low for CO2 emissions from electricity generation in 2023, according to the state’s Independent Fiscal Office (IFO).  “In PA, […]

Nuclear Reactors
Modular Reactors

The U.S. Is Betting Big on Small Nuclear Reactors

March 15, 2024 Mariel Alumit

The U.S. is set to accelerate the rollout of new nuclear power plants and reactors following the passing of new legislation this month. This follows a movement away from nuclear power for several decades due […]

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