President Donald Trump stated on August 14, 2026, that he plans to declare the Strait of Hormuz a territory of the United States once the ongoing conflict with Iran concludes. Speaking at the Nassau County Police Academy (also referenced as the David S. Mack Center) in Garden City, New York, Trump said: “After we finish […]
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The International Energy Agency’s latest Oil Market Report underscores a deepening imbalance in global oil markets. Despite a sharper-than-expected contraction in demand driven by elevated prices from the ongoing Iran conflict and related disruptions, supply shortfalls have widened even more, producing the tightest near-term balances in years. At the time this article is written, Brent […]
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We had Doomberg ready, and the system was overwhelmed, so we rescheduled for tomorrow. How will the US Grid Handle the Cuts to Wind, increased Nat Gas, and can it be maintained? Tomorrow we have the CEO of Jackery Power Solutions and Doomberg stopping by the podcast for two different interviews. We will be covering the home […]
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On the night of August 7-8, 2026, Russia and Ukraine exchanged strikes targeting energy infrastructure and civilian areas. Russian forces launched ballistic missiles and drones at the Kyiv region and capital, while Ukrainian forces conducted long-range drone strikes on two Russian oil refineries. Russian strikes hit the Brovary district near Kyiv and areas in the […]
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Evonik CEO Christian Kullmann has delivered a blunt verdict on Germany’s Energiewende. In July 2026 interviews with the Rheinische Post and others, the head of one of Germany’s largest specialty chemicals companies stated that the energy transition has cost around €1,000 billion—and delivered “nothing.” “Wir haben nicht genug Gaskraftwerke. Wir haben eine Netzinfrastruktur wie in […]
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A recent post by Peter Clack (@PeterDClack) on X captured a growing reality that policymakers and industry advocates have long downplayed: the coming wave of wind turbine and solar panel retirements will expose a physical and financial nightmare of continuous renewal. The fleet average in wind is 19 years, and they are rapidly approaching the […]
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Gulf shipping traffic effectively stalled this week after Yemen’s Iran-aligned Houthis claimed a “precise hit” with several ballistic missiles on the Saudi-flagged products tanker NCC WAFA (also referred to as Wafaa) in the northern Red Sea off the Yanbu area. The Houthi statement, reported via outlets including Al Bawaba, described a military operation targeting the […]
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The Iran-aligned Houthi rebels in Yemen claimed on or around August 4-5, 2026, that they successfully targeted a Saudi-controlled medium-range (MR) product tanker in the northern Red Sea with ballistic missiles. The vessel, identified as the Bahri-controlled NCC Wafa (also referred to as Wafaa or NCC WAFA; IMO 9688348, approximately 49,990 DWT, built 2014, Saudi-flagged), […]
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Global oil refineries outside active conflict zones are operating near or at maximum capacity, with almost no remaining buffers to absorb further shocks. Saudi Aramco CEO Amin Nasser made the point clearly this week: the system is stretched thin, leaving “little shock absorbers or buffers” against higher fuel prices. A combination of the ongoing war […]
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The global energy landscape remains highly volatile in early August 2026, shaped by overlapping geopolitical, security, and climate pressures. Disruptions centered on Russia’s refined product exports, ongoing uncertainty over the Strait of Hormuz, escalating risks in the Bab el-Mandab Strait, and a severe drought across Europe are tightening supplies of crude oil, petroleum products, LNG, […]
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