West Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may […]
By Wolf Richter for WOLF STREET. Inflation pressures are rebuilding in used vehicles. Prices of used vehicles sold at auctions where franchised and independent dealers replenish their inventories rose by 0.4% in January from December, seasonally adjusted (red […]
DOE Sec. Chris Wright plans to reverse Biden’s green policies, boost U.S. energy, cut costs, expand production, and restore energy dominance. Department of Energy (DOE) Secretary Chris Wright unveiled his first secretarial order on Wednesday […]
Republicans are eager to slash electric vehicle tax credits even as they struggle to coalesce around a strategy for a major tax and spending bill. Republicans are eager to slash electric vehicle tax credits even […]
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 29 LNG vessels is 110 Bcf. This compares to 24 shipments and 90 Bcf in the […]
Gov. Murphy announced his administration won’t fund new offshore wind projects, undercutting his environmental agenda and legacy. It’s not been a good week for New Jersey Gov. Phil Murphy. First, the Democrat made headlines for […]
Trump Slams California’s High-Speed Rail As A Budget Disaster, Vows Investigation Into Massive Cost Overruns. President Donald Trump ripped California’s high-speed rail project on Tuesday during impromptu remarks to journalists in the Oval Office, saying […]
Trump’s Interior plans to reopen oil and gas leasing on 625M acres, boosting energy, cutting regs, and expanding resource production. The Trump administration is reopening oil and gas leasing across hundreds of millions of acres […]
DeepSeek has exposed just how uncertain future AI energy demand is. U.S. President Donald Trump’s longtime ambitions of ushering in an artificial intelligence boom have only been supercharged by the emergence of Chinese start-up DeepSeek’s […]
Curtis Island hosts the Santos-operated GLNG plant, the ConocoPhillips-led APLNG terminal, and Shell’s QCLNG facility. These are the only LNG export facilities on Australia’s east coast. About 2.07 million tonnes of LNG or 32 cargoes […]
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