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COMMENTARY: Biden’s LNG Pause: a Deadly Election Year Fraud – Alex Epstein

Latest, Tri-Pinned, US News / By

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 …

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Not So Fast! As Demand for Fast Deliveries Surges, the Industry Struggles on EV Transition

Electric Vehicles, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

The cost of electric trucks and complications of charger installation hamper progress. The appetite for speedy package delivery is skyrocketing around the planet. Americans do more than 15% of their shopping online, with digital purchases of groceries, shoes, pet food and other goods quadrupling over the past decade to $1 trillion a year. Global e-commerce is expected …

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Oil Up on Middle East Tensions, China Economy Worries Limit Gains

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Reuters – Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on Wednesday, rose 8 cents, or …

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Companies Most Affected by U.S. Pause on LNG Export Permits

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

U.S. President Joe Biden’s administration on Friday announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. Many companies have been waiting for the U.S. to green light licenses to export LNG to their …

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Big Turnout Expected in New York Offshore Wind Power Auction

Latest, Renewable Energy, Tri-Pinned, US News, Wind / By

(Reuters) – Several offshore wind developers will likely bid in New York’s fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP. The development of the U.S. offshore wind industry took a major blow last year when companies working in several states said they could no longer …

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Halliburton Profit Beats on International Strength

Energy Services, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s  fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …

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Oil Creeps Higher as Geopolitics Outweigh Demand Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures contract for February delivery …

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Exxon Sues ESG Investors to Stop Climate Proposals on Ballot

Conventional Energy, Energy Topics & Technology, ESG, Latest, Oil, Tri-Pinned, US News / By

Texas oil giant wants court to interpret SEC rule-making Exxon names Follow This, Arjuna Capital as defendants in case Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter …

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SLB Beats on Fourth-Quarter Profit on Strong International Demand

Energy Services, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

(Reuters) – SLB  beat analysts’ estimates for quarterly profit on Friday and said it expects strong growth in its international business this year as resilient offshore and overseas drilling activity boosted demand for its oilfield services and equipment. Schlumberger has banked on international growth, primarily from the Middle East, Europe and Africa, in recent years as …

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