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COMMENTARY: A Landmark Energy Freedom Resolution From the RNC – Alex Epstein

Latest, US News / By

The Republican National Committee has passed an unprecedented resolution that powerfully advocates for energy freedom in America. By Alex Epstein I don’t identify as a Republican or a Democrat, and since 2022 I’ve made it a policy not to support any political party nor anyone’s candidacy for elected office. However, I am always happy to give …

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Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

Senate hearing to investigate Biden’s LNG export freeze Manchin worried ‘White House will put its thumb on the scale’ Bloomberg The White House’s pause on new liquefied natural gas export approvals is unjustified and should be “reversed immediately” if a study of the shipments is only beginning now, Senator Joe Manchin plans to say at …

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Orsted Revival Requires More Than Belt-Tightening

Latest, Renewable Energy, US News, Wind / By

(Reuters Breakingviews) – Orsted  has learned the hard way how strong economic tailwinds can go into reverse. Less than a year ago the world’s top offshore wind farm developer by power capacity was eyeing rapid growth in the United States, where President Joe Biden’s green subsidies were supercharging the industry. Then rapid interest rate hikes …

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Duke Energy Misses Q4 Profit Estimates on Higher Interest Costs, Raises Capex

Energy Topics & Technology, Latest, Utilities / By

(Reuters) – Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy. The U.S. Federal Reserve’s interest-rate hikes to tame inflation have made borrowing more expensive for businesses, impacting utility firms like Duke. The company’s quarterly interest …

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Top Biden Official to Defend LNG Pause in Senate Hearing

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

Reuters WASHINGTON, Feb 8 (Reuters) – A top U.S. Department of Energy official is set on Thursday to defend President Joe Biden’s pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk will testify before the …

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Oil Producer ConocoPhillips Beats Quarterly Profit Estimates on Higher Production

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Reuters Feb 8 (Reuters) – U.S. oil and gas producer ConocoPhillips  beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition. The company had bought an additional 50% stake from TotalEnergies in the Surmont facility in Canada in 2023 that increased its output. Quarterly …

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Biden’s EV Tax Credits in the Crosshairs for Gutting if Trump Wins

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

A second Trump administration could tighten the rules for the $7,500 credits so fewer cars qualify Bloomberg News U.S. President Joe Biden’s EV tax credits could be on the chopping block if Donald Trump wins the presidential election at the end of this year. PHOTO BY THE ASSOCIATED PRESS It’s never been cheaper to buy an …

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Oil Rises on Gaza Ceasefire Rejection and U.S. Stock Data

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices gained ground on Thursday as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 81 cents, or 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up 72 cents, or …

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BP Whiting, Indiana Refinery to be Shut up to Three Weeks

Energy Topics & Technology, Latest, Refineries, US News / By

BP Plc plans to keep the 435,000 barrel-per-day (bpd) Whiting, Indiana refinery shut for up to three weeks for inspections of units and piping following a Feb. 1 plant-wide power outage, said people familiar with operations on Wednesday. The inspections could be completed in as short a time as two weeks, the sources said. (Reporting …

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OPEC+ Oil Cut Decision Is Really No Choice at All

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

With prices dropping during the four months since Hamas attacked Israel, producers will need to stick with current curbs. OPEC+ plans to decide in the coming weeks on extending oil supply cutbacks into the second quarter. But its choice looks like an open-and-shut case. Saudi Arabia and its allies are withholding roughly 2 million barrels of daily …

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