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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In a move that perfectly symbolizes the self-inflicted wounds of blue-state energy policy, Illinois is not only hemorrhaging residents — it’s literally watching critical power infrastructure roll out of the state on flatbed trucks headed for Texas. The owner of two-thirds of the massive Elwood Energy natural-gas-fired peaker plant in Will County has decided it’s […]
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According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]
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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 […]
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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, […]
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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 […]
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GE Vernova, the turbine supplier for the nation’s first utility-scale offshore wind project, is pushing back hard against Vineyard Wind’s assertions that its departure would cause “irreparable harm.” In an emergency motion filed this week in Suffolk County Superior Court, GE Vernova argues that the recent activation of the project’s long-term power purchase agreements (PPAs) […]
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The AI boom is rewriting the rules of U.S. electricity demand, and the numbers don’t lie. BloombergNEF’s latest analysis, highlighted in a widely shared post by energy analyst David Blackmon (@EnergyAbsurdity), projects that data centers will drive massive incremental power needs through 2035. The stacked bar chart from BNEF is crystal clear: combined-cycle gas turbines […]
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In a sobering Bloomberg TV interview highlighted in a widely shared X post today, Eric Nuttall — Partner and Senior Portfolio Manager at Ninepoint Partners — warned that the world is experiencing the biggest energy crisis any living person has ever seen. With Middle East oil production slashed by approximately 14 million barrels per day […]
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ExxonMobil (NYSE: XOM) released its first-quarter 2026 financial results this morning, showcasing a company built for volatility. Despite significant one-time impacts from Middle East disruptions tied to the February 28 conflict, underlying performance remained robust, driven by higher commodity prices, record production in key assets, and disciplined execution. Financial Highlights GAAP earnings: $4.183 billion, or […]
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