Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […] The Left’s $7 Trillion […]
Continue ReadingDaily Standup Top Stories Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility June 4, 2024 Mariel Alumit Rye Development will receive $81 million in funding from the Department of Energy (DOE) to convert former coal mine land in Bell County, Kentucky, into a closed-loop, 287 MW pumped storage hydropower (PSH) […]
Continue ReadingDaily Standup Top Stories What’s Next for Oil? Analysts Weigh In After Iran’s Attack April 15, 2024 Mariel Alumit Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in […] Israeli War […]
Continue ReadingDaily Standup Top Stories Wind farms are useless, says Duke of Edinburgh April 14, 2024 Stu Turley In a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”. He also criticised the industry’s reliance on subsidies from electricity customers, claimed wind farms would “never work” […] Investors Bet On Further […]
Continue ReadingWeekly Daily Standup Top Stories Why gas prices in California ‘have gone ballistic’ April 6, 2024 Stu Turley Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday […] Critical impact — […]
Continue ReadingDaily Standup Top Stories Big oil and gas firms deepen investment in carbon capture April 10, 2024 Mariel Alumit Carbon capture companies find themselves in an odd position. They exist because of the threat of climate change, a problem created largely by fossil fuels. At the same time, the firms that extract and […] BRICS helping […]
Continue ReadingDaily Standup Top Stories California: We Need *Another* $100 Billion for High-Speed Rail – What is a few billion between friends? ‘March 17, 2024 Stu Turley source: Hot Air: Ed Morrissey: Hey, a hundred billion here, a hundred billion there, and pretty soon you’re talking about real money. But apparently not real progress. When I first […]
Continue ReadingDaily Standup Top Stories CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITION March 19, 2024 Mariel Alumit HOUSTON, March 18 (Reuters) – Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost […] Up […]
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Daily Standup Top Stories TotalEnergies upholds March restart date for Denmark’s largest natural gas field March 2, 2024 Stu Turley TotalEnergies EP Danmark, a subsidiary of France’s energy giant TotalEnergies, has confirmed the previously set restart date for the Tyra II redevelopment project, which is said to be Denmark’s largest natural gas field. According to […] Solar […]
Continue ReadingDaily Standup Top Stories Energy Secy. Granholm explains the clean energy ‘battle’ – Really? February 26, 2024 Stu Turley The Biden administration has made some big investments into infrastructure and clean energy initiatives within the US. However, two years into the push to transition the country to clean energy, the government is still behind […] First Solar […]
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