Clark Savage, Author at Energy News Beat

Reality Just Slammed into Nissan: They Ditch EVs and Redirect Focus to Trucks, SUVs in Mississippi

May 4, 2026 Clark Savage1104

Nissan has officially scrapped its ambitious plans to convert its massive Canton, Mississippi, assembly plant into an electric-vehicle (EV) manufacturing hub. Instead, the Japanese automaker is redirecting operations — and a $500 million investment originally earmarked for EVs — toward gas-powered and hybrid trucks and SUVs that American consumers actually want to buy. This isn’t […]

Fujairah confirms FOIZ fire after drone strike, and Gulf States may prepare a response

May 4, 2026 Clark Savage2253

Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]

Italy Looks for Closer Ties with Azerbaijan in An Energy Push

May 4, 2026 Clark Savage1815

Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas imports and 17% […]

CAT has positive earnings and a path for growth

May 4, 2026May 4, 2026 Clark Savage855

Caterpillar Inc. (NYSE: CAT) delivered a standout first-quarter 2026 performance, beating expectations and signaling strong momentum heading into the rest of the year. On April 30, 2026, the company reported sales and revenues of $17.4 billion, a robust 22% increase year-over-year from $14.2 billion in Q1 2025. Adjusted profit per share rose 30% to $5.54, […]

Understanding California Refineries: The ‘Turnaround’

May 4, 2026May 4, 2026 Clark Savage1094

ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC […]

Energy Realities Podcast Round Table

May 4, 2026 Clark Savage615

Irina Slav did a great job today leading the discussion, and it was interesting with the great comments from the live audience. Irina had a great point about the new Ford’s ability to shut down or allow you to use your own car due to heightened stress. This is not good, and I will not […]

UAE Leaving OPEC and Talking with US about Currency Swap: What Does That Mean?

May 4, 2026May 4, 2026 Clark Savage2632

In a one-two punch that is sending shockwaves through global energy markets, the United Arab Emirates has exited OPEC and OPEC+ — and is now openly discussing a currency swap line with the United States. The moves come at a moment of historic turmoil: an ongoing Iran war has disrupted oil flows through the Strait […]

Russian Oil Arrives in Japan Amid Supply Strains

May 4, 2026 Clark Savage1781

A Russian tanker carrying crude oil from the Sakhalin-2 project is set to arrive in Japan today, marking a notable development in the country’s efforts to secure energy supplies amid ongoing disruptions in the Middle East. The cargo is destined for Taiyo Oil’s refinery in Ehime Prefecture and represents the latest step by Japan to […]

U.S. Military Supports Launch of Project Freedom in Strait of Hormuz

May 4, 2026 Clark Savage2952

TAMPA, Fla. — U.S. Central Command (CENTCOM) announced that its forces will begin supporting Project Freedom on May 4, 2026, to restore freedom of navigation for commercial shipping through the Strait of Hormuz. The mission, directed by the President, aims to support merchant vessels seeking safe transit through this vital international trade corridor. A quarter […]

Levelised Cost of Energy Models Are Junk – And Subsidies are driving the prices of Energy Up

May 3, 2026 Clark Savage723

David Turver, an Energy Analyst from the UK, stops by the Energy News Beat Podcast. With the spotlight on the world stage around the price of oil, the world is bifurcating into two camps. Those going after Energy Security Starts at home, and the other camp is tripling down on Green Energy and Deindustrialization. I […]

Author: Clark Savage

Reality Just Slammed into Nissan: They Ditch EVs and Redirect Focus to Trucks, SUVs in Mississippi

Fujairah confirms FOIZ fire after drone strike, and Gulf States may prepare a response

Italy Looks for Closer Ties with Azerbaijan in An Energy Push

CAT has positive earnings and a path for growth

Understanding California Refineries: The ‘Turnaround’

Energy Realities Podcast Round Table

UAE Leaving OPEC and Talking with US about Currency Swap: What Does That Mean?

Russian Oil Arrives in Japan Amid Supply Strains

U.S. Military Supports Launch of Project Freedom in Strait of Hormuz

Levelised Cost of Energy Models Are Junk – And Subsidies are driving the prices of Energy Up

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