Keyword: energy
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President Trump has reportedly told his aides to prepare for a prolonged US blockade of the Strait of Hormuz, the world’s most critical waterway for global energy flows. On Wednesday, the president told Axios he is maintaining the blockade until Iran agrees to a deal over its nuclear program. The pressure campaign carries mounting costs beyond Iran. While the near-total cessation of flows through the key waterway is cutting off hundreds of millions of dollars in revenue for Tehran, it’s also choking key corners of the global market. By extending the blockade, Trump is wagering that Iran’s export-dependent economy will...
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Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows.
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Midway through 2026, energy is the issue of the moment. The standoff in the Strait of Hormuz, soaring gas prices, the race to build AI data centers, and intensifying competition with China all point to the same question: Who will produce the energy that powers the modern world? That question is headed to the US Supreme Court. In a few months, the justices will hear arguments in one of the most consequential energy cases in decades, Suncor v. Boulder County. It’s one of dozens of lawsuits brought by progressive state and local governments seeking to make oil and gas companies...
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Felt cute this morning hit the modeling software, ESRI, and thought why not solve Corpus Christi and Austin water supply issues forever for under $7 billion and a Capex return of 24 months in it's base config. The Japanese built past tense ABWR reactors in 39 months from ground breaking till first critical. Here is my summary report to the Texas Water Dev Board. Should I present it next time I am standing in their office in Austin. ## EXECUTIVE BRIEFING & PROJECT PROPOSAL To: The Board of Directors, Texas Water Development Board (TWDB) Project Title: The Texas Multi-Energy Hydronic...
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The Supreme Court on Monday overturned a lower court's ruling, which will allow gas trade associations to continue their legal challenges against Biden-era restrictions on consumer furnaces powered by natural gas. The efficiency rules finalized during the Biden administration would make non-condensing furnaces, which account for approximately 55% of natural gas furnaces on the market, illegal in 2028, according to the American Gas Association, a trade organization. The rules, they said, would drive up home heating costs. “Their removal from the market would saddle families with costly renovations or eliminate gas as a home heating option all together,” the industry...
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The Trump administration on Friday auctioned off rights to drill in a pristine wildlife refuge in Alaska, but the lease sale attracted only two bidders on a few tracts of land. Of the about 60 tracts of land opened up for leasing by the Trump administration, only five received bids.
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Officials in Northern Colorado are celebrating a new project to improve energy reliability and availability in their communities ... Platte River Power Authority CEO Jason Frisbie says the project is a major step toward reducing its carbon footprint ... The facility will strengthen the county's electric system by storing energy for later distribution during periods of high demand.
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“You need Chevron, I need Chevron.” That’s the message from Democratic gubernatorial frontrunner Xavier Becerra, who’s making waves by breaking with the left on one of California’s most ambitious climate policies — as he refuses to fully back the state’s plan to phase out new gas-powered vehicle sales by 2035. The former Health and Human Services secretary, who leads polling ahead of the June 2 primary to replace Gov. Gavin Newsom, stopped short of endorsing the state’s target to ban new gas and hybrid vehicle purchases starting in 2035. “California should transition from gas-powered vehicles when it makes sense —...
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Researchers at the National Energy Technology Laboratory (NETL) are taking significant steps that can help boost production of oil and natural gas that can be recovered from unconventional formations. The method focuses on recovering these additional resources in shale and other tight reservoirs that have already produced hydrocarbons through hydraulic fracturing in primary recovery operations but still contain large amounts of oil and gas trapped within rocks. In unconventional formations, only a small percentage of hydrocarbons in place are typically extracted. While the new research could help ensure affordable, reliable, and secure energy for the United States. Primary recovery from...
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This week, Exxon Mobil (XOM) laid out the facts of oil and energy demands and felt confident enough to say all their reserves will be exploited. Despite fear-mongering about climate, population, income-inequality and desperate efforts to redistribute billions of dollars from rich nations to poor nations, the world's thirst for oil will matter more. In fact, the world's thirst for oil will be driven by prosperity. The proposed policies portray nations that are on the cusp of rapid growth as feeble and inadequate, when they are anything but that. Not only should rich nations reject this rhetoric but so, too,...
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Earlier this month, Senator John McCain indicated that it was time for the United States to consider selling lethal weapons to Vietnam after a 30-year embargo. The recent maritime standoff between Beijing and Hanoi over Chinese oil exploration off the central coast of Vietnam exposed Hanoi’s many strategic weaknesses. Providing Vietnam with coast guard and maritime systems as a first step - and eventually radar, fighter aircraft and spare parts for leftover American military equipment - would bolster Hanoi’s strategic capabilities vis-a-vis China and give substance to the "comprehensive partnership" announced last year between Hanoi and Washington. But more than...
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The U.S. is planning to distribute plutonium left over from Cold War-era weapons to commercial nuclear developers as part of the Trump administration’s efforts to accelerate the rollout of new reactors. The Department of Energy has selected Oklo Inc. and four other firms for advanced negotiations to participate in the Surplus Plutonium Utilization Program, the Santa Clara, California-based company said in a statement Tuesday.
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Yes, an end to the Iran war remains elusive – but that doesn’t mean investors should wait around for it.What if talks fail? Won’t inflation skyrocket? Shouldn’t I wait for this to pass before buying stocks? Those are key questions I have been getting as this conflict drags on. They’re understandable, but they’re also expensive.Since my March column, America “double blockaded” the Strait of Hormuz. Yet little changed. The US blockade only affects Iranian exports and imports. Iran’s oil went mostly to China which, by the way, had stocked up beforehand.Meanwhile, Strait workarounds proliferate. Saudi Arabia’s East-West pipeline exports were...
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Driving the highway between Loving and Carlsbad on May 19, Jackie Onsurez noticed something unusual rising above an oilfield site operated by NGL Energy Partners. As he got closer, he realized the 70-foot plume was not smoke but a geyser of toxic oil field wastewater — known as produced water — erupting from a pipe. Onsurez, an engineer and member of New Mexico’s State Emergency Response Commission, immediately began calling NGL, 911, the New Mexico Environment Department and local officials. A roughneck arrived moments later and tried unsuccessfully to stop the spray. “The only people with protective gear were the...
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New York is strong-arming 18 industrial-scale solar power plants into rural communities across the state despite strong opposition from locals. Schuylerville farmer Alexandra Fasulo had just settled into the idyllic acreage she purchased in 2023 when Gov. Kathy Hochul’s bulldozers came roaring in, poised to thrash 1,800 acres of protected grassland to build a 100-megawatt-capacity solar energy complex in nearby Fort Edward, NY. Worried that chemical runoff and contamination may affect her farm, Fasulo attended a town meeting last fall to voice concerns to developers and state authorities. “We were like serfs coming before a king. It was so much...
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California Gov. Gavin Newsom is in a spat with a major oil company over who is to blame for the state’s high gas prices, with the Democratic governor’s office urging drivers not to fill up at Chevron stations over Memorial Day weekend. “Pro tip: unbranded gas comes from the same refineries, storage tanks, and pipelines, and it meets the same state standards to keep your engine running clean,” Newsom’s office posted Thursday on X. “Big Oil is already making billions off Trump’s Iran War; don’t let them rip you off even more by overpaying for the brand name.” Newsom’s office...
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A fair criticism of politicians is that they all lie, at least to the extent of engaging in extreme levels of spin and/or exaggeration to put the best face on their proposals and programs. But some political lies are worse than others, in that they go far beyond mere spin or exaggeration and get into the blatantly counter-factual. In that category are the claims of many of the governors of the Northeastern states that they are promoting energy “affordability.” These lies are particularly consequential in that they involve very large economic effects and vast waste of resources. In late 2025,...
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In B.C. to meet with the province's premier who is skeptical of another oil pipeline, Prime Minister Mark Carney said the world is in the throes of an "energy crisis" and Canada must do its part to supply it with the natural resources it needs. Speaking to a largely business audience at the Greater Vancouver Board of Trade before sitting down with Premier David Eby on Wednesday, Carney said recent global shocks have threatened the availability of some forms of energy, putting other countries in a bind. He said Ottawa wants to move quickly to supply those resources, and if...
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INTRODUCTION On April 29, 2026, Sen. Bernie Sanders convened a 75-minute panel in the US Capitol on “the existential threat of AI.” Two of the four panelists were Chinese government affiliates: Zeng Yi, Dean of the Beijing Institute of AI Safety and Governance, and Xue Lan, a Tsinghua University professor who chairs China’s national AI governance expert committee and serves as a Counsellor of the State Council of the People’s Republic of China. From a US Senate platform, Xue called the US-China AI race “an inaccurate narrative” and argued for “safe zones” of cooperation on AI safety. The event was...
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France’s longest-running political and corporate corruption scandal ended yesterday with prison sentences and fines for 23 former executives at the Elf oil company and their associates.Loik le Floch-Prigent, 57, Elf’s chief executive between 1989 and 1993, authorised the embezzlement of £210 million while Elf was state-owned. The money went on bribes for politicians and middlemen and lavish lifestyles for senior Elf executives.He was jailed for five years and fined £260,000.Nadhmi Auchi, a British billionaire, was given a two-year suspended prison sentence and fined £1.4 million. Auchi, who fled his native Iraq under Saddam Hussein, was found guilty of accepting illegal...
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