COMMENTARY: An excellent Congressional challenge to “Environmental Justice” – Alex Epstein

Members of Congress just submitted and signed an excellent ETP-advised letter challenging the Biden Administration’s most recent “Environmental Justice” initiative. By Alex Epstein I have long been a critic of the “environmental justice” movement. Like so many aspects of the anti-fossil-fuel movement it ignores the benefits of fossil fuels and overstates their negative side-effects. Unfortunately, many in Congress …

COMMENTARY: An excellent Congressional challenge to “Environmental Justice” – Alex Epstein Read More »

BP Says Power Restored, Operations Stabilized at Whiting, Indiana Refinery

BP said on Friday that power had been restored to its 435,000 barrel-per-day Whiting, Indiana, refinery following a power outage that disrupted operations. On Thursday, a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with the plant’s operations. Operations have been stabilized …

BP Says Power Restored, Operations Stabilized at Whiting, Indiana Refinery Read More »

U.S. Unveils Charges, Seizures Linked to Iranian Oil Network

The U.S. Department of Justice (DOJ) on Friday announced terrorism and sanctions-evasion charges and seizures linked to a billion-dollar oil trafficking network that it says finances Iran’s elite Islamic Revolutionary Guard Corps (IRGC). “The Department of Justice’s actions are critical to stemming the flow of money that Iran uses to engage in activities that threaten …

U.S. Unveils Charges, Seizures Linked to Iranian Oil Network Read More »

Oil Falls to End the Week as U.S. Jobs Data Dents Hope for Near-Term Rate Cuts

Summary U.S. employers added far more jobs in January than expected International Monetary Fund sees China economic growth slowing Whiting refinery power restored after outage NEW YORK, Feb 2 (Reuters) – Oil prices fell by about 2% on Friday and were headed for weekly losses after U.S. jobs data shrank the odds of imminent interest …

Oil Falls to End the Week as U.S. Jobs Data Dents Hope for Near-Term Rate Cuts Read More »

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes

Feb 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes Read More »

U.S. LNG Export Pause Leaves EU, Industry at Odds Over Energy Security

Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new liquefied natural gas (LNG) plants, EU energy officials and analysts said, dismissing industry’s warnings. Gas companies – and lobby groups who learned of the move ahead of the decision and …

U.S. LNG Export Pause Leaves EU, Industry at Odds Over Energy Security Read More »

INFOGRAPHIC: What Are Fossil Fuel Subsides? – ENERGYminute

By Cody Good Governments often provide fossil fuel subsidies to, typically, make energy costs more affordable for consumers. These subsidies are of two types: explicit and implicit. Explicit subsidies are direct financial supports, such as tax breaks or price controls, that reduce the cost of fossil fuels to consumers or producers. Implicit subsidies, on the …

INFOGRAPHIC: What Are Fossil Fuel Subsides? – ENERGYminute Read More »

What Lithium’s Roller-Coaster Ride Means for Miners

Bloomberg Since 2021, lithium prices have surged 10-fold, only to crash back to earth, wiping out billions of dollars in miners’ shares and forcing supply cuts. The ripple effects of this ride are only just beginning. The reversal of fortunes for the electric-vehicle battery metal has been nothing short of stunning. Its rapid ascent to a …

What Lithium’s Roller-Coaster Ride Means for Miners Read More »

Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Trans Mountain Pipeline

Plan to give Trans Mountain stake to Indigenous groups stalled Oil companies object to tolls; analysts question valuation Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast. But the government faces …

Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Trans Mountain Pipeline Read More »

Once Soaring EV Stocks Now Face a Bleak Future

Almost all electric vehicle stocks that listed in the past five years are now trading lower Bloomberg News Gone are the days of starry stock market debuts that sent valuations of electric-vehicle makers soaring. Now, floating an EV stock is only for the brave. A torrent of bad news for the sector this week confirms how far …

Once Soaring EV Stocks Now Face a Bleak Future Read More »