U.S. mulls crackdown on Chinese imports of Iranian oil
The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt Continue Reading
AP-NORC poll: Most unvaccinated Americans don’t want shots
Most Americans who haven’t been vaccinated against COVID-19 say they are unlikely to get the shots and doubt they would work against the aggressive delta variant despite evidence they do, Continue Reading
Gas Engines, and the People Behind Them, Are Cast Aside for Electric Vehicles
Steven Penkevich spent 36 years at Ford Motor Co. F -0.65% as part of an army of Detroit engineers who perfected the internal combustion engine, a technology dating back to the dawn of the automobile Continue Reading
Biden Administration Earmarks Funds For Coal Communities
The Biden Administration is committing $300 million to invest in the economic development of coal and coal power plant-affected communities as part of a $3-billion funding for investment in America’s Continue Reading
Central USA Faces Cooling Demand Surge from Heat Dome
Heat will bear down on Texas and the Great Plains within days, driving temperatures in Dallas above the 100-degree mark for the first time this year. A dome of high Continue Reading
Biden’s China Policy Borrows From Trump and Adds Allies to Raise Pressure
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading
VC Firms Are Pouring Billions Of Dollars Into Green Tech
ESG investing: it’s in every media outlet and on every bank’s business plan. A rush to what many call alignment of values with investment goals has led to a flourishing Continue Reading
U.S. Threatens Iran With New Sanctions If A Nuclear Deal Is Not Reached
After six months of President Biden in office, and repeatedly dashed hopes at a nuclear deal with Iran, failing to come to an agreement means instead of lifting sanctions the Continue Reading
U.S. crude stockpiles rise for first time since May as imports surge -EIA
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo July 21 (Reuters) – U.S. Continue Reading
Baker Hughes Sees Slower U.S. Shale Drilling for Rest of 2021
Shale drilling in North America is going to slow down in the second half of the year from its breakneck pace as explorers cling to promises of austerity, according to Continue Reading
Delta Variant of Covid-19 Isn’t Expected to Dent Robust U.S. Recovery
The highly contagious Delta variant of Covid-19 doesn’t pose an immediate risk to the strength of the U.S. economic recovery, with analysts expecting a robust expansion to continue in the Continue Reading
America Looks For A Balance Between Oil Needs And Climate Reality
It’s an eternal dispute – the need to meet consumer energy needs through oil and gas production versus the battle of climate change activists and green policy. When President Biden Continue Reading
Road Fuel Demand Set For Early 2027 Peak
Higher electric vehicle (EV) adoption and rising fuel efficiency will bring peak road transportation fuel demand forward to 2027, four years earlier than previously thought, BloombergNEF said in a report Continue Reading
California’s PG&E to bury 10,000 miles of power lines to prevent wildfires
California power company Pacific Gas and Electric (PCG.N) said on Wednesday it would bury 10,000 miles of power lines in high-risk fire zones as a safety measure after its equipment Continue Reading
Existing spending on climate change falls short -U.S. energy official
A new flight of large-scale climate projects requiring financial backing of about $1 trillion a year will be needed to meet the Biden administration’s carbon goals, a U.S. Energy Department Continue Reading
U.S. announces new cybersecurity requirements for critical pipeline owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement “urgently needed protections against cyber intrusions.” It Continue Reading
Delta variant behind more than 80% of U.S. cases; vaccines still highly effective -Fauci
The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations Continue Reading
Crude, refined product draws expected amid plunging energy futures
Highlights Refinery utilization seen higher, distillate stocks likely down Gasoline demand expected to continue to soften slightly Crude exports seen around 3.5 million b/d: Platts Analytics More bullish draws of Continue Reading
Dangerous conditions complicate wildfire fight in western US
Erratic winds and parched Oregon forests added to the dangers for firefighters on Monday as they battled the largest wildfire in the U.S., one of dozens burning across several Western Continue Reading
Biden clean energy plan key to restoring industry job losses, says U.S. official
The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, Continue Reading
Huge Oregon blaze grows as wildfires burn across western US
The largest wildfire in the U.S. torched more dry forest landscape in Oregon on Sunday, one of dozens of major blazes burning across the West as critically dangerous fire weather Continue Reading
Democrats’ Budget Would Finance Sweeping Clean-Energy Plan
The $3.5 trillion budget plan from congressional Democrats would finance a far-reaching transition to cleaner power, but it is expected to face opposition from parts of the energy industry and Continue Reading
The Oil Industry Is Borrowing Again, But This Time It’s Different
Two years ago, Wall Street banks were on their way out of a long-term relationship with the oil industry. Now, with oil prices over $70 for the first time in Continue Reading
GM to pause production as several North America plants suffer with chip shortage
General Motors will pause production at four of its North American automobile assembly plants for two weeks as the industry continues to be affected by the global shortage of semiconductor Continue Reading
Jobless Claims Fall to Pandemic Low, Underscoring U.S. Rebound
U.S. Jobless Claims Fall to Fresh Pandemic Low Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state unemployment Continue Reading
The American Pipeline War Is Only Just Beginning
It is not a great time to be an oil pipeline developer or operator in North America these days. Policymakers are canceling projects and threatening to close operational pipelines. Environmental Continue Reading
Western US faces upside risk to gas-fired burns in hot, dry August forecast
Highlights Rockies, PNW at 50%-60% risk for hotter temperatures Southwest power burn averages record 5.1 Bcf/d in H1 July SoCal city-gate cash price tops $8/MMBtu this summer More record gas-fired Continue Reading
Largest wildfire in Oregon expands further; new evacuations
Firefighters scrambled on Friday to control a raging inferno in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous conflagrations across the U.S. West that are Continue Reading
Death Toll From Texas Winter Storm Continues to Rise
The death toll from the freezing winter weather that battered Texas and caused widespread power outages this year has risen by 59, bringing the total to 210, officials said. The Continue Reading
Democrats’ Budget Plan Would Mandate 80% Carbon-Free Electricity
Electric utilities emphasize the importance of natural gas-fired power plants to meeting demand. (Bloomberg) — Senate Democrats are proposing to penalize utilities that don’t meet clean-energy targets, while rewarding those Continue Reading
Gail Tverberg : To Be Sustainable, Green Energy Must Generate Adequate Taxable Revenue
What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue . Company managements depend upon Continue Reading
Putin Tells Kerry Climate Change Offers Chance to Cooperate
Russian President Vladimir Putin told U.S. climate change envoy John Kerry that the two former Cold War rivals have a chance to cooperate in combating greenhouse gas emissions amid efforts Continue Reading
U.S. Waives Sanctions On Frozen Iranian Oil Funds
The United States has decided to temporarily waive sanctions on Iranian oil funds abroad but without returning Tehran’s access to its bank accounts in Japan and South Korea. “Allowing these Continue Reading
EIA says U.S. 2020 coal output lowest since 1965
The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the Continue Reading
EIA Inventory Report Sends Oil Prices Higher
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report was Continue Reading
U.S. Senate passes bill to ban all products from China’s Xinjiang
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say Continue Reading
U.S. Senate panel passes energy measure likely to shape infrastructure bill
– A U.S. Senate committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure bill. The Continue Reading
Democrats Call for a Tax on Imports From Polluting Countries
Democrats have agreed to include a tax on imports from nations that lack aggressive climate change policies as part of a sweeping $3.5 trillion budget plan stocked with other provisions Continue Reading
‘Indirect but active’ talks being held with Iran on U.S. detainees -State Dept.
The United States has been engaging in “indirect but active” discussions to secure the release of U.S. detainees in Iran, State Department spokesman Ned Price said on Tuesday, adding that Continue Reading
U.S. Consumer Prices Jump Most Since 2008, Topping All Estimates
U.S. Consumer Prices Surge in June, Topping All Estimates Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and testing the Federal Reserve’s Continue Reading
US COVID-19 cases rising again, doubling over three weeks
The COVID-19 curve in the U.S. is rising again after months of decline, with the number of new cases per day doubling over the past three weeks, driven by the Continue Reading
Corporate Climate Efforts Lack Impact, Say Former Sustainability Executives
Tariq Fancy, BlackRock Inc.’s former chief investment officer for sustainable investing, found himself at odds with colleagues more focused on marketing sustainable funds than creating investments that have actual climate Continue Reading
U.S. Companies Say Climate Change Is a Problem—But Still Lobby Against Solutions
While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than Continue Reading
Inflation Accelerates Again in June as Economic Recovery Continues
U.S. inflation continued to accelerate in June at the fastest pace in 13 years as the recovery from the pandemic gained steam and consumer demand drove up prices for autos, airline fares and other items. The Continue Reading
ISO New England Tracker: Power, gas prices up in June; expected higher in winter
Connecticut Hub power prices up 95% on year Gas-fired generation up 3 aGW from May Winter on-peak power expected in mid-$60s/MWh Power and natural gas prices increased sharply month on Continue Reading
U.S. Oil Consumption Surging With Industry Firing at Full Blast
America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when the pandemic sent the U.S. economy into a tailspin and decimated demand. Continue Reading
White House appoints Allison Crimmins as the National Climate Assessment director
The Biden administration has tapped scientist Allison Crimmins from the Environmental Protection Agency to guide the U.S. government’s next authoritative report on the consequences of climate change. The report, known Continue Reading
Gas-fired generation takes backseat to coal as wind speeds in SPP ebb
SPP gas-fired generation dips 7,000 aMWh in July Market share for coal in SPP now approaching 50% Midcon gas prices near $3.50 limit upside for gas A seasonal decline in Continue Reading
Electrify America to more than double its current EV charging network by end of 2025
Electrify America announced its “Boost Plan” to more than double its current electric vehicle (EV) charging infrastructure in the United States and Canada, with plans to have more than 1,800 Continue Reading
Oil industry banker urges Houston to embrace clean energy
Houston, the epicenter of America’s oil industry, needs to embrace the shift to cleaner energy to secure its economic future, one of the city’s top oil bankers says.”If Houston wants Continue Reading