The U.S. Treasury Department has announced a fresh wave of sanctions targeting Iran’s illicit oil trade, specifically focusing on its elusive “dark fleet” network, a shadowy system of vessels and operators that smuggle Iranian oil […]
The job creation machine is running at a decent pace, unemployment is historically low, but it’s not evenly spread across all industries. By Wolf Richter for WOLF STREET. Total nonfarm payrolls rose by 147,000 in June, to 159.6 […]
U.S. electricity prices have been climbing at an alarming rate, outpacing inflation and squeezing households and businesses alike. Despite years of green energy policies promising affordability and reliability, the reality has been starkly different: aging […]
The global energy landscape is on edge as India, the world’s third-largest crude oil importer, sounds the alarm over a proposed U.S. bill that would impose a staggering 500% tariff on goods from countries purchasing […]
Duke Energy, one of the largest electric utilities in the U.S., has signaled a potential reversal on its plans to retire several coal-fired power plants, despite earlier commitments to transition toward cleaner energy sources. According […]
Daily Standup Top Stories Europe’s Green Energy Stocks Spike on Weakened U.S. Big Beautiful Bill This is a validation that the Inflation Reduction Act was giving money to other countries. Iraq Power Grid Suffers as […]
Cybertruck may be entering automotive history as the most expensive failed model ever. By Wolf Richter for WOLF STREET. Sales of new vehicles in June fell 4.2% year-over-year, to 1.25 million vehicles, after the best March (1.59 million) […]
The United States is riding a wave of economic transformation fueled by an aggressive tariff strategy under President Donald Trump’s trade policies. Far from the dire predictions of mainstream media, which warned of consumer price […]
Current Report Oil and gas activity contracts slightly as uncertainty remains elevated What’s New This Quarter Special questions this quarter focus on changes to 2025 drilling plans, the impact of import tariffs on drilling plans […]
Daily Standup Top Stories California is a National Security Risk, Funding the Ukrainian/Russian War, and Closing Refineries in California June 30, 2025 Clark Savage California, often seen as a leader in environmental policy, is facing a […]
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