Energy Crisis Archives - Page 11 of 60

Europe’s Industrial Death Spiral due to Net Zero Energy may not be recoverable

June 30, 2026 Clark Savage153

Europe’s once-mighty industrial engine is sputtering, and Germany—the continent’s manufacturing powerhouse—is at the epicenter of a deepening crisis. High energy costs driven by aggressive Net Zero policies, renewable intermittency, heavy regulations, and carbon pricing are accelerating deindustrialization. Major firms are slashing jobs, closing plants, and relocating production to the United States and Asia, where energy […]

Russia’s Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages

June 29, 2026June 29, 2026 Clark Savage101

Putin admitted Russia is experiencing fuel shortages and long lines at gas stations, while insisting the situation remains manageable. Ukrainian drone attacks on refineries, pipelines, and oil terminals have forced fuel restrictions across numerous Russian regions. Moscow is considering a diesel export ban and prioritizing fuel supplies for agriculture as it seeks to stabilize the […]

Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

June 28, 2026 Clark Savage111

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

European Heat Wave, and the EU leaders Shut off AC to Workers, but not themselves

June 28, 2026 Clark Savage135

As much of Europe sweltered under a recent heatwave with record temperatures in parts of Belgium and surrounding countries, staff at the European Commission’s iconic Berlaymont headquarters in Brussels faced a stark reminder of hierarchy. On Friday, June 27, 2026 (or the relevant recent date matching reports), employees on floors 1 through 7 received an […]

Ed Miliband Vetos Plan to Boost Oil Output for Defense Fund

June 25, 2026 Clark Savage126

In a decision that highlights his uncompromising stance against domestic fossil fuel expansion, UK Energy Secretary Ed Miliband reportedly vetoed a Treasury-backed proposal to increase North Sea oil and gas drilling. The plan was designed to generate additional tax revenues to help fund the Ministry of Defense’s urgent need for an extra £18 billion ($24 […]

The Strait of Hormuz Standoff Why Paper Oil Prices Don’t Match Reality

June 10, 2026July 13, 2026 Clark Savage104

Rey Trevino, Pecos Operating Company, and Podcast host for the Crude Truth stopped by the Energy News Beat Podcast. We had a blast filming at the Petroleum Club in Downtown Fort Worth. Hat tip to all of the great people at the Petroleum Club, making it a great place to have business meetings. Follow Rey […]

Vitol Says Europe and US Aren’t Facing Up to Oil Supply Crunch: How Will This Rubber Band Snap Impact Consumers and Investors?

June 3, 2026 Clark Savage160

In a stark warning delivered at S&P Global’s Middle East Petroleum & Gas Conference in London, Vitol board member Tom Baker pulled no punches: “In Europe and I think in the US, everyone is kind of asleep at the wheel and just carrying on life as normal.” Vitol, one of the world’s largest independent oil […]

Modern society runs on refined oil products. Can California keep ignoring reality?

June 1, 2026 Clark Savage95

ENB Pub Note: This is a great article from America Outloud with Mike Ariza and Ronald Stein, and both have been on the Energy News Beat podcast. We recommend connecting with both great resources. An energy “REALITY” reminder is that crude oil by itself is useless black tar, unless you build a multi-billion-dollar refinery to break […]

California Extends Its Key Climate Programs, Condemning the State to High Energy Prices

June 1, 2026 Clark Savage165

On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]

Goldman Warns Energy Markets Enter Demand Destruction Phase

May 31, 2026 Clark Savage289

In a stark assessment amid one of the largest oil supply shocks in history, Goldman Sachs has signaled that global energy markets—led by crude oil—are shifting into a demand destruction phase. Even if a near-term peace deal eases the closure of the Strait of Hormuz, severely depleted inventories mean markets will likely require significant demand […]

Category: Energy Crisis

Europe’s Industrial Death Spiral due to Net Zero Energy may not be recoverable

Russia’s Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages

Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

European Heat Wave, and the EU leaders Shut off AC to Workers, but not themselves

Ed Miliband Vetos Plan to Boost Oil Output for Defense Fund

The Strait of Hormuz Standoff Why Paper Oil Prices Don’t Match Reality

Vitol Says Europe and US Aren’t Facing Up to Oil Supply Crunch: How Will This Rubber Band Snap Impact Consumers and Investors?

Modern society runs on refined oil products. Can California keep ignoring reality?

California Extends Its Key Climate Programs, Condemning the State to High Energy Prices

Goldman Warns Energy Markets Enter Demand Destruction Phase

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