What’s Affecting Oil Prices This Week? (Nov. 18, 2024)
For the upcoming week, the price of Brent crude could test its support at $70 and if the price breaks below this level, the price of Brent could fall to $66.
COMMENTARY: The Injustice of Climate Reparations – Alex Epstein
COP 29 leaders are demanding over a $1 trillion a year in climate reparations from the US and other successful nations. They don’t deserve a nickel. By Alex Epstein COP 29 is calling for over $1 trillion in annual climate reparations A major theme of COP 29 is that the world should set a “New …
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What Will Be the Future of the Keystone XL Pipeline Under President Trump?
by Terry Winnitoy, EnergyNow The Keystone XL Pipeline, proposed in 2008, was designed to transport Canadian crude oil from Alberta to refineries in the United States, specifically to Steele City, Nebraska, and onward to refineries in Illinois and Texas, as well as to an oil pipeline distribution center in Cushing, Oklahoma. Spanning approximately 1,179 miles …
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Oil Prices Tick Higher as Russia-Ukraine Tensions Escalate
(Reuters) – Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on markets. Brent crude futures were up 55 cents, or 0.8%, to $71.59 a barrel at 0954 GMT, while U.S. West Texas …
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Global Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount
Summary Soaring costs, project delays and limited investment put targets out of reach Offshore wind seen as crucial to decarbonizing power industry Industry urges more government support Nov 18 (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit …
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WEBINAR: Permanent Stabilization Solutions for Better Roads, Highways & Bridges with the GEOWEB® Geocells
You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how to strengthen road, highway, and bridge infrastructure resilience with geocells. Webinar Description Infrastructure development for highways and road corridors faces many challenges when it comes to project design and construction. Building asphalt or concrete roadways over soft soils requires thick base …
Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump
Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.
Trump Chooses Oil Fracking Boss Chris Wright as Energy Secretary
Liberty Energy CEO has said there is no climate crisis Trump cites goals of deregulation, getting US energy dominance President-elect Donald Trump nominated Chris Wright, who runs a Colorado-based oil and natural gas fracking services company, to lead the Energy Department. Wright, the chief executive officer of Liberty Energy Inc., has no previous Washington experience. He’s made a name …
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Trump Picks Liberty Energy’s Chris Wright for US Energy Secretary
Frac pressure-pumping leader Chris Wright was part of a mid-1990s team that suggested a slickwater—rather than gel—frac to George Mitchell, leading to the U.S. shale-gas breakthrough.
Doubling Down: Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals
US energy secretary says ongoing study to finish by year-end Analysis to guide if LNG export licenses serve public interest The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled. New permits have been on hold for most of this year as government analysts researched the …
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