President Donald Trump announced Monday that Mesabi Metallics will construct a roughly $15 billion steel complex in Iowa—described by the White House as the largest steel plant in U.S. history. Combined with additional investment to complete the company’s Minnesota iron ore operations, the integrated project is valued at about $18 billion. The plant is slated […]
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Diesel prices in the United States have smashed records, topping $6 per gallon nationally and exceeding $7 on the West Coast, while inventories sit well below five-year averages. Truckers, farmers, freight operators, and industrial users feel it first. The pain is global: European and Asian markets have also hit or approached records as middle-distillate supplies […]
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The U.S. Department of Energy’s Office of Electricity announced on September 24, 2026, that it intends to help fund 31 grid-improvement projects across 26 states under the Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades (SPARK) initiative. The package totals $5.25 billion—$1.9 billion in federal funding and $3.35 billion in […]
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Kirk Edwards, President of Latigo Petroleum, stops by the Energy News Beat Podcast In this episode of the Energy News Beat Podcast, host Stu Turley sits down with Kirk Edwards, President of Latigo Petroleum, to discuss the critical energy challenges reshaping global markets. From diesel shortages and geopolitical tensions to drone warfare targeting refineries, the […]
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The White House’s decision this week to step back from a blunt 90-day diesel export ban is one of the most important energy-security signals of 2026. Record pump prices invited a political shortcut. The administration, led by Energy Secretary Chris Wright, instead chose the harder and more honest path: keep the refining system running and […]
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The September 2, 2026 sit-down with Tyler Kendall came the same day Chevron announced updated joint-venture agreements with PDVSA. The company will invest more than $7 billion over five years across three existing ventures, add acreage in the Orinoco Belt’s Carabobo area, and target more than 600,000 barrels per day of production—more than triple the […]
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The pacts target higher crude output from existing and new acreage under Venezuela’s reformed hydrocarbons law, separate from the larger U.S.-backed North American Blue Energy Partners (NABEP) arrangement announced days earlier by President Trump. Wright described the package as “tens of billions” in investments and a “transformation for Venezuela.” Rodríguez credited Trump administration efforts for […]
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“14 to 15 million barrels a day are leaving the Arabian Gulf region versus the 20 million barrels a day pre-conflict.” – Secretary Chris Wright In an exclusive interview on Fox News’ Special Report with Bret Baier on August 13, 2026, U.S. Energy Secretary Chris Wright provided a clearer picture of oil flows amid ongoing […]
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Doomberg stops by, and we solve the global oil crisis. – We did not really solve the world’s oil problems, but boy, we sure covered them. In this Energy Newsbeat podcast episode, hosts Stu Turley and Doomberg dive deep into the interconnected crises reshaping global energy markets and geopolitics. From contested claims about oil flowing through […]
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Recent data confirms that fossil fuels (coal, natural gas, and oil) still supply 57% of global electricity generation. Wind and solar together reached about 17% of electricity in 2025, according to Ember’s Global Electricity Review. This marks progress from a decade ago, yet it tells only part of the story. Electricity represents a minority slice […]
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