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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Tesla's Price Cuts
Electric Vehicles

Tesla’s Price Cuts Spark Surge in Used Electric Vehicle Sales

August 28, 2024 Mariel Alumit

Tesla’s price cuts have led to a 70% increase in used EV sales in the first half of 2024. The average price of a used EV has dropped below $30,000, making them more affordable than […]

Oil prices
Finance

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses

August 28, 2024 Mariel Alumit

Aug 28 (Reuters) – Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the […]

Generac
Electrical Generation / Utilities

What’s Good For Generac Is Bad For America. We Bought One Anyway

August 28, 2024 Mariel Alumit

If you are in the business of selling standby home generators, hurricanes, severe weather, and blackouts are good for business. And as the frequency of blackouts across the country increases, companies like Generac are making […]

Zero Energy Poverty
Energy Policy

How Trump Can Win On Energy: Zero Energy Poverty

August 28, 2024 Mariel Alumit

Kamala Harris and her new running mate, Tim Walz, will impoverish America. That’s the best way to understand one of their most important – yet least-known – policy pipe dreams. As vice president, Harris has backed so-called […]

US shale producers
Political

Baltimore alleges in lawsuit that US shale producers fixed fuel prices

August 28, 2024 Mariel Alumit

The city of Baltimore accused major US shale oil producers of conspiring to lower production and boost petroleum product prices in a proposed federal class action lawsuit. The suit was filed Aug. 24 in the […]

Texas Pacific Land Corporation
Finance

Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

August 28, 2024 Mariel Alumit

Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns DALLAS, Aug. 27 /BusinessWire/ — Texas Pacific Land Corporation (NYSE:TPL) (the “Company” or “TPL”) today announced the closing of two acquisitions for oil and […]

PetroChina
Earnings

PetroChina Sees 3.9 Percent Increase in H1 Profit despite Weaker Demand

August 28, 2024 Mariel Alumit

PetroChina Co. Ltd.’s net income for the first half (H1) of 2024 rose 3.9 percent year-on-year to RMB 88.61 billion ($12.4 billion) as operating results broke company records for the period for the third consecutive […]

Equinor
Crude Oil News

Equinor Boosts Norwegian Economy with $12.7B in 2023

August 28, 2024 Mariel Alumit

Equinor ASA said it is boosting the local economy, as its activities in Norway were measured as costing over $12.72 billion (NOK 134 billion) last year, of which 94 percent was transacted with Norwegian suppliers. […]

power plant
Imports

First LNG power plant launched in Sri Lanka

August 28, 2024 Mariel Alumit

The Sobadhanavi 350 MW combined cycle power plant in Kerawalapitya was launched during a ceremony on Wednesday, attended by officials from the government, LTL, Sobadhanavi, Lakdhanavi, and others. LTL’s Sobadhanavi owns the power plant built […]

Refrigeration
Climate Crisis

A Chilling Reality: ‘Climate Nags’ Now Targeting Refrigeration

August 28, 2024 Mariel Alumit

The latest climate scare is aimed at refrigeration as activists claim it causes ‘wide-ranging climate implications.’ Who cares about spoilt food? We’ve noticed over the last couple of decades a repeating cycle in which finger-wagging […]

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