In an interview with CNBC that aired Wednesday, Mike Wirth, the CEO of Chevron, said that it would not invest in renewable energy, instead allowing its shareholders to use money earned from the company and “let them […]
US Energy News
A Top U.S. Seller of Carbon Offsets Starts Investigating Its Own Projects
Following concerns that it is facilitating the sale of meaningless carbon credits to corporate clients, the Nature Conservancy says it’s conducting an internal review of its portfolio of carbon-offset projects. The nonprofit owns or has […]
Europe’s Energy Crunch Sparks Panic in Asia and Dash to Buy Fuel – ERCOT on Steroids
The energy crunch in Europe is sparking panic among Asian fuel buyers, causing importers from Japan to India to pay a hefty price for supplies. Worried the eye-watering price of natural gas in Europe will […]
Oil Erases Losses as Investors Weigh Crude Options Expiry
Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Futures in New York closed flat on Thursday after earlier declining as much as […]
Oil Rallies to Six-Week High as U.S. Crude Stockpiles Tighten
Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday […]
Warding Off Winter Cold in U.S. Will Be Pricey as Propane Soars
Americans who rely on propane for heating are facing the most expensive winter in years as prices for the fuel jump to the highest since 2014. Propane prices have risen almost 60% so far this […]
Insurers could face $1 billion hit from Hurricane Ida damage to offshore rigs
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate […]
California wants air pollution rules suspended to burn more natural gas
Bloomberg) –California is asking the federal government to declare an “electric reliability emergency” so the Golden State can lean more heavily on fossil fuels to avoid blackouts. The state’s main grid operator wants the U.S. […]
Why Bank Of America Thinks Oil Prices Are Heading To $100
Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America […]
“An Intellectually Honest Approach To Climate Change” – A discussion with Goodrich Petroleum
There are some topics that are important to me are around the Dispraportantly Impacted Countries and Communities. Energy policies around the world seem to be written with emotion rather than a holistic look to a […]