Financial Crisis Archives - Page 3 of 32

Global Energy Market In Flux with Russia, Strait of Hormuz, Bab el-Mandab Strait and drought in the EU all in play

August 5, 2026August 5, 2026 Clark Savage619

The global energy landscape remains highly volatile in early August 2026, shaped by overlapping geopolitical, security, and climate pressures. Disruptions centered on Russia’s refined product exports, ongoing uncertainty over the Strait of Hormuz, escalating risks in the Bab el-Mandab Strait, and a severe drought across Europe are tightening supplies of crude oil, petroleum products, LNG, […]

Hormuz Tanker Traffic Stalls as Attacks Escalate

August 4, 2026 Clark Savage600

Tanker traffic through the Strait of Hormuz has sunk to its lowest level in more than two months as attacks and threats intensify, leaving the world’s most critical oil chokepoint effectively stalled despite intermittent diplomatic noise from Washington. Ship-tracking data show vessel movements—including commodity carriers—plunged after a brief mid-June to early-July uptick tied to a […]

Qatar, Bessent Signal Progress on Short-Term US-Iran Deal — With Mixed Signals from Iran

August 4, 2026August 4, 2026 Clark Savage416

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 […]

New York City’s Aging Power Barges Show the Blackout Risk Is Real

August 2, 2026 Clark Savage992

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 […]

Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining Capacity

August 1, 2026 Clark Savage633

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 […]

Texas Holding Consumers Hostage for $33 B in a High-Voltage Heist

August 1, 2026August 1, 2026 Clark Savage393

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 […]

President Trump Should Look at the Refinery Costs Prior to Ordering an Investigation

August 1, 2026 Clark Savage280

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 […]

The Tale of Two UK Oil Companies – how will they end up?

July 31, 2026July 31, 2026 Clark Savage451

“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 […]

The impending collapse of California’s transportation fuel infrastructure

July 30, 2026 Clark Savage262

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 […]

The Energy Balance Globally is Shaken, and Green Energy is Tripling Down, While Oil and Gas Are Unbalanced

July 28, 2026 Clark Savage477

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 […]

Category: Financial Crisis

Global Energy Market In Flux with Russia, Strait of Hormuz, Bab el-Mandab Strait and drought in the EU all in play

Hormuz Tanker Traffic Stalls as Attacks Escalate

Qatar, Bessent Signal Progress on Short-Term US-Iran Deal — With Mixed Signals from Iran

New York City’s Aging Power Barges Show the Blackout Risk Is Real

Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining Capacity

Texas Holding Consumers Hostage for $33 B in a High-Voltage Heist

President Trump Should Look at the Refinery Costs Prior to Ordering an Investigation

The Tale of Two UK Oil Companies – how will they end up?

The impending collapse of California’s transportation fuel infrastructure

The Energy Balance Globally is Shaken, and Green Energy is Tripling Down, While Oil and Gas Are Unbalanced

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