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

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 […]

Continue Reading

We are about to price the oil and gas markets for absence rather than scarcity

In a recent appearance on Squawk Box Asia, veteran commodities strategist Jeff Currie (Co-Chairman of Abaxx Markets) delivered a stark warning that resonates deeply with current market dynamics. He described an emerging “rare earth moment” — a qualitative shift where markets have been neglecting the physical world (“atoms”) in favor of financial narratives and tech […]

Continue Reading

Ørsted Explores $1 Billion+ Sale of US Onshore Renewables Assets Amid Strategic Pivot and US Policy Uncertainty

Danish renewable energy giant Ørsted is reportedly exploring the sale of its US onshore renewable assets in a deal that could exceed $1 billion, according to Bloomberg reporting on May 22, 2026. The move comes as the company continues its global farm-down strategy, sharpens focus on core offshore wind in Europe and Asia, and navigates […]

Continue Reading

Net Zero, Wind and Solar: A More Expensive Combination for European and U.S. Grids

Lars Schernikau, Author and prior guest on the Energy News Beat nails it. Europe’s electricity grid may be the most complex machine humanity has ever built. Yet energy debates too often reduce the conversation to installed capacity, solar additions, or wind megawatts. This narrow focus misses the real engineering and economic reality. Europe’s electricity grid […]

Continue Reading

Oil Shortage Scenario is Starting to Surface

The warning signs are flashing brighter than ever. What began as a major supply disruption in the Middle East has rapidly evolved into a tightening global oil market where inventories are being drawn down at a record pace — and critically, not all of those barrels are actually accessible. A new analysis from Oilprice.com highlights […]

Continue Reading

UN Climate Panel Quietly Admits Its Doomsday Climate Scenarios Were ‘Implausible’ – How much money has been spent on Net Zero because of lies?

The United Nations’ Intergovernmental Panel on Climate Change (IPCC) has quietly conceded that the extreme “doomsday” climate scenarios that have driven global energy policy, media headlines, and trillions in spending for more than a decade were never realistic. In a major update to its modeling framework for the upcoming Seventh Assessment Report (CMIP7), the IPCC […]

Continue Reading