The world is once again staring down the barrel of an energy crisis. With the Strait of Hormuz effectively closed amid escalating tensions from the Iran conflict, global markets are in panic mode over potential disruptions to oil and liquefied natural gas (LNG) supplies. Prices are spiking, supply chains are under threat, and governments are […]
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Europe is entering the critical summer injection season with dangerously depleted natural gas storage, leaving the continent vulnerable to even moderate supply disruptions. A recent analysis from OilPrice.com highlights stark warnings from senior Equinor executives: if disruptions through the Strait of Hormuz persist for another 1–3 months, Europe risks a critical shortfall in gas stocks […]
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$6 gas and refinery fears collide with California’s climate ambitions By Alejandro Lazo, CalMatters The Chevron refinery in Richmond is located behind a nearby neighborhood on Feb. 21, 2024. Photo by Loren Elliott for CalMatters This story was originally published by CalMatters. Sign up for their newsletters. California is considering handing oil refineries and other […]
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The European Commission has just proposed handing out billions more in free carbon emission permits to European industry under its flagship Emissions Trading System (ETS). According to Bloomberg, the updated benchmark values for 2026–2030 would deliver roughly €4 billion ($4.7 billion) worth of additional free allowances to manufacturers covered by the cap-and-trade program. The official […]
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Maryland ratepayers are staring down an estimated $1.6 billion hit to their electric bills over the next decade—roughly $345 per household—to fund transmission upgrades driven largely by data centers in Northern Virginia. The state’s Office of People’s Counsel (OPC) has filed a formal complaint with the Federal Energy Regulatory Commission (FERC), arguing that PJM Interconnection’s […]
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ENB Pub Note: This article was originally run on David Blackmon’s Substack, and we highly recommend subscribing. Ethonal needs to go away and have an organized move out of the market. This needs to be shut down, as it is worse for the environment, and ruins cars and shortens their useful life. Unless you are […]
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In a move signaling a renewed focus on its core oil and gas operations, BP announced on May 7, 2026, that it plans to sell portions of its equity stakes in two flagship UK carbon capture and storage (CCS) projects in Northern England. The decision comes as both projects—Net Zero Teesside (NZT) Power and the […]
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As Virginia prepares to rejoin the Regional Greenhouse Gas Initiative (RGGI) this summer under Democratic Gov. Abigail Spanberger, ratepayers are facing yet another round of higher electricity bills. Proponents frame the move as a smart climate policy that will somehow deliver affordability amid surging data-center demand. But the reality, backed by years of data from […]
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ENB Pubnote: This article was run on David Blackmon’s Energy Additions Substack, and we highly recommend subscribing. This morning on Mornings with Maria, Secretary Chris Wright hit it out of the park, and we will have that information out later. California is a self-imposed energy island with a crisis brewing, and Secretary Wright is spot […]
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As recently as April 25, 2026, multiple U.S. states—many of them longtime Democratic strongholds—are quietly scaling back or delaying ambitious climate targets. The driver? Surging energy costs, fading federal support under the current Trump administration, and growing voter pushback over affordability. This retreat, detailed in a timely analysis by OilPrice.com, marks a significant shift from […]
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