California Drought: A Dry Season Is Turning Into Drought Era
Drought across the Western U.S. has forced California to ration water to farms. Hydroelectric dams barely work. The smallest spark — from a lawnmower or even a flat tire — Continue Reading
Why Are Environmentalists Angry About Biden’s Infrastructure Bill? | OilPrice.com
This week the United Nations and the Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on global warming, released a devastating report summing up the current state of climate change, Continue Reading
First major US hydrogen-burning power plant nears completion in Ohio
Highlights 485-MW Long Ridge plant will run on gas-hydrogen mix Plant at former aluminum smelter site on Ohio River Touted as a first-of-its-kind power plant in the United States, the Continue Reading
Pacific Northwest needs to keep generation at home to balance heat-driven demand
Highlights June CCDs average 1,268% higher than normal July hydro averaged 11.3 points lower year on year Mid-C averaging 202% higher than the August 2020 Mid-C wholesale power prices have Continue Reading
US oil, gas rig count jumps 14 to 617 on week as companies sound upbeat note
Highlights Bakken sees biggest weekly change, up 3 to 25 Permian Basin down by 1 rig, leaving 257 2022 operator thought suggests caution on oil markets The US oil and Continue Reading
US East Texas and Southeast spot natural gas prices hit 7-year summer highs in June
Highlights Texas, Southeast Natural gas prices rise amid tight supply and demand balance Record-high temperatures, LNG exports lend strength to prices US natural gas spot prices at the Agua Dulce, Continue Reading
The Oil & Gas Inflation Trap That No One Wants To Talk About
President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation for the Continue Reading
Europe Could Face A Natural Gas Crisis This Winter
One week after we first observed the staggering surge in European natural gas prices, those same prices hit a new record high as a slow at first, then much faster Continue Reading
Oil prices steady as IEA warns of demand recovery slowdown
Oil prices steadied on Thursday as the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the global oil demand recovery. read more Continue Reading
Oil Gains as Weaker Dollar Offsets Disappointing Stockpile Draw
Oil rose as a weaker dollar offset a government report that showed a smaller-than-expected decline in crude stockpiles in the wake of a viral resurgence. Futures advanced 1.4% after falling Continue Reading