In an attempt to buy votes from ignorant, gullible activists, Biden has amputated the US LNG industry without regard for the catastrophic consequences By Alex Epstein Joe Biden has halted LNG expansion, which the world needs for low-cost, reliable, secure energy.He pretends it’s to lower prices or GHG emissions, but it will do neither.Halting LNG is …
Commentary: Biden’s LNG Pause: a Deadly Fraud – Alex Epstein Read More »
Attacks on shipping vessels by Iranian-backed Houthi rebels in the crucial Red Sea shipping lane have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe. Data from S&P Global showed the Suez Canal route accounts for 14.8% of all Europe and Middle East and North Africa (MENA) imports. In response, …
Impact on Commodities Due to Chaos in the Red Sea Read More »
U.S. natural gas futures plunged about 10% on Monday in light trade ahead of contract expiration on an extended outage at the Freeport LNG export plant in Texas and forecasts for warmer-than-normal weather to continue through at least mid-February. Analysts noted the Freeport outage would leave more gas in the U.S. at the same time …
U.S. Natgas Prices Drop 10% on Contract Expiry, Freeport LNG Unit Outage Read More »
Dutch and British wholesale gas prices registered gains on Monday morning on concern over U.S. liquefied natural gas (LNG) supplies, though healthy storage levels continue to limit gains. The benchmark front-month contract at the Dutch TTF hub was up 0.47 euros at 28.55 euros per megawatt hour (MWh) by 0915 GMT, LSEG data showed. Gas …
There’s little to dissuade the administration from replicating its strategy of postponement in an election year. Welcome to Energy Daily, our guide to the energy and commodities powering the economy. Today, Senior Reporter Jennifer A. Dlouhy assesses whether US President Joe Biden’s tactic for freezing new LNG export permits may be used to delay other …
Biden’s LNG Pause Might Be a Model for Other Energy Dilemmas Read More »
Moves could appeal to cost-sensitive voters in tight contests Pause on LNG export permits could stoke fresh outcry Vulnerable Democrats in swing states are increasingly sounding the alarm about Biden environmental policies that risk turning off cost-conscious moderate voters they need to win at the ballot box. The warnings pose an election year challenge for US President Joe …
Biden Power Plant and EV Plans Hit a New Obstacle: Vulnerable Democrats Read More »
Energy Department on Friday halted approvals of new plants US will study effect of exports on climate change, economy Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities. “With numerous forecasts projecting global natural gas demand to …
Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups Read More »
Golden State drivers paid highest gas premium in last quarter Refinery renewable fuel conversions reduce overall supply Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages. The premium California drivers pay for gasoline over the national average is likely to rise significantly if …
Chevron Says California Plays a Risky Game With Climate and Gasoline Read More »
(Reuters) – Investors that use shareholder resolutions to pressure companies on environmental and social issues said they are worried that an Exxon Mobil lawsuit bypassing the U.S. securities regulator could undermine their influence. Under appointees of U.S. President Joe Biden, the Securities and Exchange Commission (SEC) has made it more difficult for companies to prevent …
Activist Investors Fret over Exxon Mobil’s Lawsuit Bypassing U.S. Regulator Read More »
New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT™16 turbine delivered to Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton Progress follows delivery of advanced hydrogen compression technologies for NEOM green hydrogen company in Saudi Arabia, …
