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HomeAuthorsClark Savage

Articles by Clark Savage

Puerto Rico
Electrical Generation / Utilities

US territory plunges into darkness on New Year’s eve

January 1, 2025 Clark Savage

A widespread outage has affected 90% of Puerto Rico residents, disrupting essential services A sweeping blackout hit nearly all of Puerto Rico on New Year’s Eve, leaving over 1.3 million households in the dark as […]

U.S. Treasury Department
Cyber Terrorism

U.S. Treasury Department Says Chinese Hackers Breached Systems

January 1, 2025 Clark Savage

The incident closes a year that has seen an uptick in high-profile cyberattacks on the United States. A ‘Major’ Breach The U.S. Treasury Department said on Monday that Chinese state-sponsored actors had hacked into some […]

crypto mining
Crypto

Ten Russian regions ban crypto mining

January 1, 2025 Clark Savage

  Crypto mining in ten Russian regions is limited or completely banned starting Wednesday. The restrictions introduced in areas facing electricity shortages will remain in force until March 15, 2031. The list of regions affected […]

gas transit
Energy Crisis

Russia-Ukraine gas transit deal ends: Why it matters

January 1, 2025 Clark Savage

Kiev has refused to prolong its five-year contract with Moscow despite appeals from EU states whose energy security is now in jeopardy Russia has officially stopped supplying gas to the EU through Ukraine as of […]

Crude Oil News

Oil Prices Remain Rangebound as 2024 Draws to a Close

December 31, 2024 Clark Savage

Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts. US oil demand hit a new record […]

Geopolitical

High Gas Prices Spell Tough Start to 2025 for European Consumers

December 30, 2024 Clark Savage

End of Russia-Ukraine transit will add strain to tight market Higher prices set to last longer with futures showing premium European gas prices are up about 45% this year, adding to the burden on households […]

Geopolitical

Ukraine To Quadruple Gas Transport Fees After Russia Deal Expires

December 30, 2024 Clark Savage

Ukraine will quadruple its domestic gas transmission tariffs for consumers from Jan. 1. Previously, Russia said it’s willing to continue supplying gas to Europe via Ukraine. The EU has warned member countries to prepare for […]

Coal

Texas coal plant to switch to solar + storage by 2027

December 30, 2024 Clark Savage

A coal plant in Texas will soon transition into a solar + storage facility to provide clean renewable energy to 47 rural South Texas counties. Electric Cooperative Inc. (SMECI) has been awarded a more than $1.4 billion investment by […]

Natural Gas prices through the roof - created by Grok on X
Natural Gas

U.S. Natural Gas Futures Soar Ahead of Historic Cold Front

December 30, 2024 Clark Savage

US natural gas futures spiked due to forecasts of an arctic blast and polar vortex expected to hit the eastern US in mid-January. The extreme cold weather is predicted to last for weeks and significantly […]

Energy Crisis

Ukraine-Russia Gas Transit Deal At Critical Moment of Truth

December 29, 2024 Clark Savage

A deal allowing Russian gas to transit to EU ends on Dec. 31 Slovakia is stepping up pressure for flows to continue The future of gas transit through Ukraine is at a turning point. If […]

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