Oil markets swung lower on Tuesday as Qatar and U.S. Treasury Secretary Scott Bessent pointed to advancing mediation efforts aimed at a short-term arrangement between the United States and Iran, centered on reopening the Strait of Hormuz. The chokepoint, which normally handles roughly one-fifth of global oil and LNG supplies, has been heavily disrupted since […]
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New York City’s lights increasingly depend on a pair of half-century-old floating power plants that were never meant to run this hard. The Gowanus and Narrows barge-mounted generating stations, moored off Brooklyn in the Upper Bay, serve as the city’s last line of defense against blackouts. As intense heat waves and rising demand strain the […]
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High fuel prices are likely to persist even if crude oil prices ease in the coming months. Global refining capacity remains critically constrained by the ongoing wars involving Iran (including the Strait of Hormuz disruption under Operation Epic Fury) and Russia-Ukraine, according to warnings from the chief executives of ExxonMobil and Chevron. On recent earnings […]
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Texas ratepayers are on the hook for a $33 billion high-voltage transmission expansion that critics call a classic power grab—funneling guaranteed returns to transmission monopolies, condemning thousands of acres of private land, and primarily enabling more intermittent wind and solar that many of today’s assets won’t economically or physically outlast another decade. The Electric Reliability […]
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In late June 2026, President Donald Trump publicly singled out ExxonMobil, Chevron, Shell, and BP, accusing the “big Oil Companies” of failing to lower gasoline prices at the pump in line with falling crude oil costs. In comments to the media and on Truth Social, he argued that with oil prices dropping sharply, Americans should […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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ENB Pub Note: This article first ran on America Outloud by Ronald Stein and Mike Ariza, and both have been on the Energy News Beat Podcast and should be followed! This is urgent. With the loss of transportation fuel supplies from Asian refineries resulting from the Iranian War and California’s huge dependency, the 4th largest economy […]
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ENB Pub Note: This article was first published on the Energy News Beat Substack. Head over there to comment. Tough times ahead, and countries are picking sides. The world’s energy system is under simultaneous assault from geopolitics and policy ideology. Critical oil and gas flows through maritime and pipeline chokepoints are disrupted or rerouted at […]
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A leaked report commissioned by the UK’s National Energy System Operator (Neso) has raised serious alarms that the country’s aggressive net zero transition is increasing the risk of blackouts while driving up electricity costs for consumers. Produced by energy consultancy Cornwall Insight and shared with The Times by a whistleblower, the document highlights how the […]
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In a sharp escalation of regional conflict, Saudi Aramco’s critical oil infrastructure has come under direct assault, with drone and missile strikes hitting key facilities on the kingdom’s eastern and western coasts. Combined with a pullback by major marine insurers at Lloyd’s of London on wartime coverage for Saudi-linked tankers in the Red Sea, these […]
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