U.S. offshore oil output drops as Hurricane Ian takes aim
About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and the storm took Continue Reading
Hurricane Ian Threatens to Make Food Inflation Worse as Path Aims at Fertilizer Hub
Hurricane Ian is poised to strike at the nation’s production of phosphate fertilizer, threatening supply as the cost of growing food in the US rises by the most ever. Florida Continue Reading
Florida’s Chaotic Insurance Market Braces for Hurricane Ian
Hurricane Ian Could Cause Billions in Damage in Florida Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Continue Reading
US Oil-Output Growth to Top Government Forecast, BNEF Says
Pump Jacks extract crude oil in Midland, Texas. Photographer: Angus Mordant/Bloomberg The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF Continue Reading
Hertz, BP Partner to Bring EV Charging Stations Across North America
The climate bill recently passed by the Senate could knock thousands of dollars off the sticker price of electric vehicles, but it’s also redefining which cars are eligible. WSJ’s George Continue Reading
Solar Cell Breakthrough Could Challenge Silicon Dominance
Engineers at Rice University have solved a long-standing conundrum in making stable, efficient solar panels out of halide perovskites. Chemical and biomolecular engineer Aditya Mohite says the new approach is Continue Reading
Gasoline Prices Could Return To $5 Per Gallon
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
Dollar marches to new 20-year high, sterling under pressure
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
EV Tax Credits to Spur More Vehicle Sales Are Entering a Critical Phase
The government is pressing to complete new rules on tax breaks for electric-vehicle purchases by an end-of-year deadline as auto companies seek guidelines that help qualify as many vehicles as Continue Reading
U.S. Shale Drillers Try To Capitalize On Record Gas Prices In Europe
A few years ago, associated gas was seen as a wasteful byproduct of oil drilling. High natural gas prices have incentivized shale drillers in the U.S. to change from oil Continue Reading