Bill Gates and the Secret Push to Save Biden’s Climate Bill
A look at the influencers who secured a rare climate win. It was the middle of July — with temperatures surging through one of the hottest summers in US history, Continue Reading
WTI Stops Slide As API Figures Show Major Gasoline Draw
The American Petroleum Institute (API) reported a draw this week for crude oil of 448,000 barrels, while analysts predicted a smaller draw of 117,000 barrels. The draw comes as the Continue Reading
More U.S. sour crude heads to Germany to replace Russia oil
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as European refiners Continue Reading
Iran Says Some Issues Still Pending as Deadline for Nuclear Deal Looms
Iran on Monday said there were several issues with the nuclear-deal draft text that the U.S. needs to address before Tehran can agree to it, leaving the fate of the Continue Reading
Nuclear Deal Increasingly Unlikely As Iran Strengthens Ties With Russia
The prospect of an imminent new “nuclear deal” between the West and Iran is looking increasingly unlikely. A senior political and oil industry analyst highlights that there is very little Continue Reading
U.S. natgas futures down 1% on rising output, lower demand
U.S. natural gas futures fell about 1% on Monday on rising supplies and forecasts for cooler weather and lower air conditioning demand over the next two weeks than previously expected. Continue Reading
Even With Biggest-Ever Climate Bill, US Lags China’s Green Spending
The historic US climate deal that has now passed both chambers of Congress is being touted as one of the most ambitious decarbonization commitments made by any government to date. Continue Reading
Bill Gates-Backed Firm Raises $750M To Develop Small Nuclear Reactors
TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea’s second-largest conglomerate, to pursue its plan to Continue Reading
Colorado River cuts expected for Arizona, Nevada and Mexico
The federal government on Tuesday is expected to announce water cuts to states that rely on the Colorado River as drought and climate change leave less water flowing through the Continue Reading
Money Won’t Solve America’s Power Grid Problems
Electrification of the U.S. creates a huge challenge for the aging grid. Upgrading the grid isn’t just a question of investing more money. Resistance from states and localities may cause Continue Reading