Energy News Beat - The Intersection Between Energy and Finance

U.S. utilities and grid operators are urging households to prepare for tighter electricity supplies, possible rolling blackouts during extreme weather, and new risks from large loads like data centers

September 7, 2026 Clark Savage

Kind of Ironic that we lost power over the holiday and had a great dry run. Hope everyone had a great Labor Day weekend. As we had company, a storm rolled in on us, and only 900 people in our county were without power. As you have heard me say, it is better to prepare […]

Exploration & Production

Iran War Causes a Shift in Oil and Energy Markets

September 6, 2026 Clark Savage

The war that began on February 28, 2026, with U.S. and Israeli strikes on Iran, and Iran’s subsequent campaign against tanker traffic in the Strait of Hormuz, has forced the largest rewrite of global oil trade routes in decades. Pre-war, roughly 20 million barrels per day of crude and products moved through Hormuz. Flows have […]

Bessent Sees Oil as Low as $40 Post Iran War, Lower Yields

September 5, 2026 Clark Savage

Energy News Beat analysis — September 4, 2026 Treasury Secretary Scott Bessent told Steve Bannon’s War Room that once the Iran conflict is behind the market, crude can fall to $50 or even $40 because the world will be “very much oversupplied.” He tied that drop directly to bond yields, arguing the oil–rates correlation is […]

Weekly Rig Report: Baker Hughes Flat at 588, WellDatabase at 601 After a North Dakota Reclass, Enverus Still Running Higher

September 4, 2026 Clark Savage

The three major U.S. rig tallies are telling the same structural story and three different weekly headlines. Baker Hughes held unchanged at 588 for a second straight week. WellDatabase printed 601, down 30 week over week but up 23 year over year. Enverus’s GPS-based daily count continues to run well above both weekly censuses, last […]