By Scott Disavino July 21 (Reuters) – U.S. energy firms this week reduced the number of oil and natural gas rigs operating for a second week in a row, including the deepest oil rig cut since early June, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, …
US drillers cut oil and gas rigs for second week in a row -Baker Hughes Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE How China gained control over critical minerals globally The dominance of China in the critical mineral supply chain raised concerns among other nations, as it gave China significant geopolitical leverage and potential influence over various industries, including technology, defense, and renewable energy. …
INFOGRAPHIC: China’s Dominance in Batteries – ENERGYminute Read More »
PHILADELPHIA, July 20 (Reuters) – President Joe Biden traveled on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is trying to reshape the …
SKEPTICAL CROWD: Biden’s Tough Sell in Pennsylvania: Green Energy to Union Worker Read More »
PHILADELPHIA, July 20 (Reuters) – President Joe Biden traveled on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is trying to reshape the …
Biden’s tough sell in Pennsylvania: green energy to union worker Read More »
(Reuters) – Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China. Brent futures were up 94 cents at $80.58 a barrel by 0955 GMT – rising as high as $1 earlier – while U.S. West Texas Intermediate (WTI) crude also climbed 94 cents to $76.59 a barrel. …
Oil Edges Higher, Buoyed by Tighter Supplies, China Stimulus Read More »
hould the world stop using fossil fuels—oil, coal, and natural gas? Or should we embrace them as an essential part of modern life? Alex Epstein explores these questions. Take the pledge to stop climate misinformation and get the facts with a free PDF e-book of scripts from our climate videos.
U.S. natural gas futures climbed about 5% to a two-week high on Thursday on a smaller-than-expected storage build, a drop in daily output and forecasts for higher demand next week than previously expected and hotter-than-normal weather through early August, especially in Texas. That price increase occurred despite slow growth in the amount of gas flowing …
US natgas prices jump about 5% on small storage build, hot weather forecasts Read More »
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
Cost of other commodities used in EV batteries down, too The Tesla Inc. chief executive made the remarks in response to questions on the EV maker’s earnings call. “Lithium prices went absolutely insane there for a while,” he said. Rising commodities prices made it difficult to cut costs last year, but Musk said he was …
Elon Musk relieved that lithium prices are no longer ‘insane’ Read More »
(Reuters) – The current global annual investment of around $500 billion into upstream oil and gas would be sufficient to meet peak oil demand in the 2030s, Wood Mackenzie said in a report, debunking the widespread belief of under-investment in the sector. Current expenditure could deliver the supply needed to meet demand peaks through three …
Current Investment in Upstream Enough to Meet Peak Oil Demand in 2030s: Wood Mackenzie Read More »
