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By Ron Bousso BP’s net debt reached $27 billion by end of Q1 CEO aims to reduce net debt to $14-$18 billion by 2027 Shares have underperformed rivals since strategy reset in February LONDON, June 3 – BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature as one …
COMMENTARY: BP Needs to Scrap its Big Oil Mentality, and its Buybacks Read More »
My Power Hour discussion with Representatives Chip Roy and Josh Brecheen By Alex Epstein I invited Representatives Chip Roy and Josh Brecheen for a discussion about how they defeated a hoard of subsidy-seeking lobbyists to cut off new solar and wind subsidies in the “Big Beautiful Bill.” I had the opportunity to help out with …
By Gavin Maguire LITTLETON, Colorado, May 28 (Reuters) – U.S. President Donald Trump’s sweeping tax and spending bill calls for drastic cuts to clean energy tax credits that have been major drivers of the boom seen in utility-scale renewable power and battery capacity over the past three years or so. The bill was passed by …
COMMENTARY: Key US Clean Energy Charts That Track Trump’s Tax Bill Impact Read More »
A House committee wants to compensate some energy companies if the government derails their projects. By Liam Denning Pick a side. Photographer: Brandon Bell/Getty Images North America The legislating of energy policy in Washington has become so volatile that some folks want to sell insurance against it. Those folks happen to be the politicians in …
The case for improving our industrial capacity with industrial freedom, not tariffs. By Alex Epstein It’s important to have nuanced conversations about tariffs. Recently I had the opportunity to share my view on Donald Trump Jr.’s podcast, Triggered, which is that there are real problems with our industrial capacity, but the solution is industrial freedom, freer …
By Robert A. Lawson and Matthew D. Mitchell For a moment on April 9, the average U.S. tariff rate leapt to 32 per cent, making American consumers the highest tariffed people in the world. For the next 90 days, the average U.S. tariff rate will be about 25 per cent, which will leave Americans paying …
By Ron Bousso Share of data centres in U.S. power market to more than double by 2030 Natural gas to account for over half of incremental power supply U.S. natural gas production set to peak in early 2030s LONDON, April 29 – The race for AI supremacy could have an unlikely loser: U.S. liquefied natural …
COMMENTARY: US LNG Exporters Could Lose Out As AI Gas Demand Booms Read More »
Power outage hits Spain, Portugal and briefly France Authorities try to establish what caused the outage Outage paralyses transport and delays flights MADRID/LISBON, April 28 (Reuters) – A huge power outage hit large parts of Spain and Portugal on Monday, paralysing traffic, grounding flights, trapping people in elevators and leaving power operators scrambling to restore …
Huge Power Outage Paralyses Parts of Spain and Portugal Read More »
All the IRA “tax credits” are subsidies for inferior, often totally unprofitable forms of energy. By Alex Epstein Congress’s new budget should eliminate all IRA “tax credits” because: They are subsidies They promote inferior energy They raise energy costs They make energy unreliable They increase our debt They make our economy less productive They don’t …
Oh…Happy Liberation Week! I think I finally understand what Liberation Day stood for. The liberation of all of my savings from me. Hooray! I didn’t want it anyway… Now, on to our regularly scheduled programming. Yesterday the API reported that crude oil and refined products both saw a net draw on stock levels, showing a …
US Crude Oil and Refined Product Inventory Update – William Lacey Read More »
