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Home2024

Year: 2024

Electrical Generation / Utilities

Wind Farms Are Overstating Their Output — And Consumers Are Paying For It

February 3, 2024 Stu Turley

Dozens of British wind farms run by some of Europe’s largest energy companies have routinely overestimated how much power they’ll produce, adding millions of pounds a year to consumers’ electricity bills, according to market records […]

FID
Electrical Generation / Utilities

Ofgem to investigate claims of wind farms overcharging billpayers millions

February 3, 2024 Stu Turley

Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018. A Bloomberg report found that 40 out of 121 studied projects overstated their output by […]

Chevron
Big Oil Companies

Chevron Beats U.S. Permian Production Estimates, Signals Upside

February 3, 2024 Stu Turley

HOUSTON, Feb 2 (Reuters) – After a year marked by oil and gas production setbacks, Chevron Corp  on Friday delivered a better-than-expected 10.7% annual gain from the Permian Basin, its top shale-producing region. The company delivered […]

US
Finance

Eyepopping Factory Construction Boom in the US: Chip Makers on Forefront, but CHIPS Act Funds Not Even Released Yet

February 3, 2024 Stu Turley

Supply-chain chaos, edgy US-China relations, and scary dependence on China triggered a rethink, now showing up as investments in manufacturing plants. By Wolf Richter for WOLF STREET. In December, companies plowed $18.4 billion into the construction of manufacturing […]

ENB Podcast

ENB #181 Ron Miller stops by and talks about the diversified energy approach. Calculations, physics, and the economy matter! Sustainable means you will never have to say your sorry for printing money.

February 3, 2024 Stu Turley

Ron Miller stops by and talks about the diversified energy approach. Calculations, physics, and the economy matter! Ron and I had a blast visiting his research and the Colorado School of Mines. His big event […]

Ethiopia
Electric Vehicles

It begins: Ethiopia set to become first country to ban internal combustion cars

February 3, 2024 Stu Turley

Ethiopia spent nearly $6 billion to import fossil fuels last year — with more than half of that spending going to fuel vehicles. In response, Ethiopia’s Transport and Logistics Ministries have announced that automobiles cannot enter […]

QatarEnergy
Climate Crisis

Congress Should Demote the DOE and Unleash LNG Exports

February 3, 2024 Stu Turley

Last Friday’s Department of Energy (DOE) move to temporarily pause pending requests to export liquefied natural gas (LNG) outside the United States has elicited not only a firestorm of criticism (including from us), but also proposals in Congress […]

gold
Finance

Central-bank buying spree driving demand for gold – report

February 3, 2024 Mariel Alumit

  Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said Total gold demand hit the highest level on record last year of 4,899 tons amid global uncertainty and […]

US strikes
Crude Oil News

US strikes in Middle East are ‘strategic mistake’ – Iran

February 3, 2024 Mariel Alumit

Tehran’s foreign ministry has commented on recent operations targeting militia groups in Syria and Iraq The US has made a huge blunder by attacking targets in Iraq and Syria, as it will only further inflame […]

Climate Crisis

Daily Energy Standup Episode #300 – Weekly Recap: Net Zero Cost Concerns, LNG Export Halt, Turbine Explosions, and Africa’s Energy Vision

February 3, 2024 Andy Del Prado

Daily Standup Weekly Top Stories Energy Bills Set to Soar as Report Finds Almost All Major Studies on Net Zero Grossly Underestimate Cost January 28, 2024 Stu Turley ENB Pub Note: I have just interviewed data […]

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