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WATCH: Confessions of an Environmentalist – Assumptions Gone Wrong

By Brian Gitt 5-Minute Videos | PragerU Imagine you dedicated your life to environmentalism and all of its assumptions. Then imagine you realize those assumptions are all wrong. What would you do? Entrepreneur Brian Gitt tells his personal story and where it led him. Take the pledge to stop climate misinformation and get the facts …

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US natgas prices fall 3% to one-week low on forecasts for less hot weather

U.S. natural gas futures fell about 3% to a one-week low on forecasts for less demand and less hot weather over the next two weeks than previously expected. In the spot market, however, power and gas prices in some markets rose to their highest in months as homes and businesses crank up their air conditioners …

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Fed Raises Interest Rates to 22-Year High, Leaves Door Open for More

The Federal Reserve resumed raising interest rates and Chair Jerome Powell left open the possibility of further hikes, which he emphasized will depend on incoming data that has recently signaled a resilient US economy.After pausing rate increases in June, policymakers lifted borrowing costs again at their policy meeting on Wednesday for the 11th time since …

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Global Coal Use Set to Stay at Record Levels This Year, IEA Says

The world’s coal demand is expected to remain at all-time highs this year as increased industrial use offsets a fall in power generation. Coal consumption rose by 3.3% to a record 8.3 billion tons in 2022 and will stay at those levels this year as demand in Asia stays robust, according to a report by the International …

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ChampionX Reports Second Quarter 2023 Results

Revenue of $926.6 million, decreased 1% year-over-year Net income attributable to ChampionX of $95.8 million, increased 250% year-over-year Adjusted net income of $99.1 million, increased 67% year-over-year Adjusted EBITDA of $186.2 million, increased 35% year-over-year Income before income taxes margin of 11.7%, increased 874 basis points year-over-year Adjusted EBITDA margin of 20.1%, increased 527 basis points year-over-year Cash from operating activities of $115.9 million and free cash flow of $88.8 million …

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California Issues Emergency Watch for Power Grid Amid Heat Wave

California’s main power grid operator issued an emergency watch notice for Tuesday evening as residents cranked up air conditioning during a heat wave.Energy use could outstrip available supplies and result in possible electricity shortages, the California Independent System Operator warned in a statement posted to its website. The grid operator was encouraging market participants to offer …

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Engineering and System Integration – Adding Value to the Pipeline Industry

Pipelines are an essential transportation hub for delivering energy to homes, businesses, industrial plants, and other entities, across North America. For example, Canada and the U.S. are home to more than 144,840 km (90,000 miles) of crude oil pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day. …

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