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US Data-Center Power Use Could Nearly Triple by 2028, DOE-Backed Report Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country’s electricity, as the industry undergoes an artificial-intelligence transformation, according to an unpublished Department of Energy-backed report seen by Reuters. The Lawrence Berkeley National Laboratory report, which is expected to be released …

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Trump Aims at Biden’s Inflation Reduction Act: EVs, Clean Energy and Manufacturing

Conventional Energy, Electric Vehicles, Energy Topics & Technology, Geothermal, Latest, Oil, Renewable Energy, US News / By

By Reuters Summary Trump has threatened to claw back unspent IRA money Electric vehicle rebates, gas emissions under fire Wind, solar may be untouched (Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts …

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JP Morgan Forecasts Brent Declining to $73/bbl in 2025 on Excess Supply

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JP Morgan on Thursday forecast Brent oil prices to decline to $73 per barrel in 2025, as it sees a shift in the global oil market from a balance in 2024 to a large 1.2 million barrels per day (bpd) surplus in the coming year. “Assuming that OPEC alliance stays put at current production levels …

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US Issues Fresh Sanctions Related to Nord Stream 2 Pipeline

Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

(Reuters) – The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project. The U.S. State Department said in a statement that it was re-imposing sanctions on a number of entities …

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AI’s Energy Hunger Fuels Geothermal Startups but Natgas Rivalry Clouds Future

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Geothermal, Latest, Natural Gas, Renewable Energy, US News / By

(Reuters) – Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas. Meta  and Alphabet’s  Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centers. Large …

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U.S. Funding Bill Includes Plan to Allow Year-Round E15 Gasoline sales

Biofuels, Energy Topics & Technology, Latest, US News / By

NEW YORK, Dec 17 (Reuters) – A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies. The inclusion would mark a hard-fought victory for the ethanol industry, which has wanted year-round E15 sales …

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Half US at High Risk of Power Shortfall in Next Decade, Regulator Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said on Tuesday. As U.S. power consumption rises from AI data centers and the electrification of buildings and transportation, efforts …

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Canada Runs Deeper Deficits as Finance Minister Resigns, Leaders Call for Trudeau’s Resignation

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Freeland quits ahead of budget update; LeBlanc replaces her The government ran $44 billion deficit in fiscal year 2023-24 Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates. A C$62 …

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Phillips 66 to Sell stake in Texas Pipeline for $865 Mln

Energy Topics & Technology, Latest, Pipelines, US News / By

Dec 16 (Reuters) – Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset sale target. Despite a fall in refining profits, Phillips 66 has opted to …

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Marathon, Teamsters Reach Pay Deal at Detroit Refinery

Energy Topics & Technology, Latest, Refineries, US News / By

By Reuters Dec 15 (Reuters) – Teamsters members working at Marathon Petroleum’s  Detroit refinery have voted to ratify a seven-year collective bargaining agreement, the company and the union said on Sunday, three months after workers walked off the job. “The process to safely welcome our employees back to the refinery is already in progress,” the Findlay, Ohio-based …

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