Production cuts announced by Saudi Arabia and its OPEC⁺ allies are expected to tighten the global petroleum market moderately over the remainder of 2023 and into the first quarter of 2024. Commercial inventories of crude oil and refined products in the OECD advanced economies were around 2,821 million barrels at the end of June, according …
Oil Market to Tighten Modestly in Late 2023: John Kemp Read More »
Last week, the Trudeau government dropped a regulatory sledgehammer on the four provinces that rely on fossil fuels (FF) to generate some of their electricity. Alberta (90 per cent FF), Saskatchewan (81 per cent FF), Nova Scotia (76 per cent FF), and New Brunswick (54 per cent FF) are in the crosshairs of Ottawa’s new Clean …
Reuters Strategic rivalry between China and the United States is intensifying and both governments now perceive a system-wide conflict embracing all elements of the economy and society. U.S. officials are keen to play down analogies between the intensifying strategic rivalry between China and the United States and the Cold War between the United States and …
China Calls for More Secrecy on Sensitive Energy Issues: John Kemp Read More »
Courtesy of Proactive Investors Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE In almost every newsletter we’ve written since August of last year, the Inflation Reduction Act (IRA) has made an appearance one way or another, speaking to its impact. The signing of the IRA was the shakeup equivalent of five bombshells walking …
The U.S. Inflation Reduction Act: A Lookback On a Big Year – ENERGYminute Read More »
Courtesy of Proactive Investors Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE In almost every newsletter we’ve written since August of last year, the Inflation Reduction Act (IRA) has made an appearance one way or another, speaking to its impact. The signing of the IRA was the shakeup equivalent of five bombshells walking …
The IRA: A Lookback On a Big Year – ENERGYminute Read More »
Original Story in The Hill Here President Biden’s comment that he had “practically” declared a climate emergency is reigniting calls on the left for him to actually take such action. The White House has not announced any explicit climate emergency declarations. Biden appeared poised to do so last year when talks on his signature climate legislation stalled, but he did not ultimately …
Electric bus maker Proterra Inc. had support from US President Joe Biden, contracts with 135 transit agencies and $309 million in revenue. But despite that, it couldn’t turn a profit after nearly 20 years and filed for bankruptcy last week. In doing so, it revealed that a diversified business in the growing EV market and millions in …
Electric Bus Maker Proterra’s Bankruptcy Reveals ‘Finite Window’ for EV Startups Read More »
The Biden administration is touting its efforts to transition to a clean-energy economy, but a new study shows that few workers who leave industries associated with fossil fuels move to a green job — especially older employees and those without a college degree. Researchers at Wake Forest University and the University of Pennsylvania analyzed job changes in …
Few U.S. Workers Leaving Carbon-Intensive Jobs Move to Green Ones Read More »
AUSTIN, Texas (AP) — Texas is suing Shell and is seeking more than $1 million, alleging a fire at the oil giant’s Houston-area petrochemical plant damaged the environment. The May 5 fire at the plant in the suburb of Deer Park resulted in nine workers being treated at and released from a hospital. The lawsuit, …
Texas Sues Shell Over May Fire at Houston-Area Petrochemical Plant Read More »
Courtesy of Bloomberg Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The Biden administration is doubling down on a new climate tech and there’s as much anticipation as there is for Taylor Swift’s next Eras Tour ticket sale. What happened: The US Department of Energy recently revealed plans to invest $1.2 billion into …
