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Harris Understands Fracking Ban Raises Energy Costs, Industry Execs Say

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Fracking site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz/File Photo (Reuters) – U.S. Vice President Kamala Harris understands natural gas prices will rise if fracking is banned, industry executives said on Tuesday, explaining their confidence that the Democratic candidate will not ban the production method if she becomes …

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Chevron CEO Hits Biden’s Natural Gas Policies, Says Fuel is Crucial for AI

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

Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government plans over policies to prevent power-hungry AI data …

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Gas Power Roars Back to Drive Data-Center Boom

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

Utilities in the US are building a slew of plants, putting the government’s clean-energy goals further from reach. The Calpine Los Medanos Energy Center gas-fired power plant in Pittsburg, California. Photographer: Bloomberg Natural gas is back in favor in the US. In the first six months of this year, power producers announced plans to build more gas-fired capacity than they …

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OPEC+ Faces a New Problem: A Texas Gas Pipeline

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

The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output. By Javier Blas Now is the moment when common sense says the US shale industry should be slowing. With oil prices plunging 25% over the last year, you’d expect companies would surely react by cutting drilling. …

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COP29 Leaders Unveil Climate Funding and Energy Storage Goals

CDN and International News, Conferences, Energy Topics & Technology, Environment, Events, Latest / By

Summary Azerbaijan sets out ambitions for COP29 Summit Countries need to set new financing target Developing nations need more financial aid from wealthier countries Baku outlines more than a dozen side initiatives LONDON, Sept 17 (Reuters) – Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its …

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Investors Turned More Bearish on Oil Last Week Than Ever

Conventional Energy, Energy Topics & Technology, Fracking, Latest, US News / By

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the first time, data from the Intercontinental …

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AI Boom Is Driving a Surprise Resurgence of U.S. Gas-Fired Power

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

Energy companies in the US are planning new natural gas-fired power generation at the fastest pace in years, one of the clearest signals yet that fossil fuels are likely to have a longer runway than previously thought. From Florida to Oregon, utilities are racing to meet a surge in demand from power-hungry AI data centers, …

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A Dose of Reality: Breaking Our Plastics Habit Is Easier Said Than Done

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, US News / By

There are alternative sources of energy for coal, gas and oil, but there are few substitutes for polymers. By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. Could our unshakeable addiction to plastics be broken? …

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U.S. Offshore Oil Industry Reawakens After Francine Shut-Ins

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region’s output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers. Hurricane Francine shut in up to 42% of the region’s offshore oil …

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The Spirit of Fracking Comes to U.S. Lithium Mining

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

By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.   “Fracking” is an expletive in environmental circles. Yet the spirit of shale is creeping into a business with transformational potential for …

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