Daily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
Continue ReadingDaily Standup Top Stories In Germany, The Green Energy Transition Is Only Getting Worse September 10, 2024 Andy Del Prado Germany is running faster and faster to stay in place. In the meantime, it is destroying its economy. Plenty of virtuous places (New York, California, UK, Australia) want to compete for the mantle of “climate […] Oil […]
Continue ReadingDaily Standup Top Stories Ukraine Strikes 2 More Oil Depots Deep Into Russian Territory August 28, 2024 Stu Turley The Ukrainian military claimed on Wednesday to have downed a Russian fighter jet over eastern Ukraine as Russia stepped up retaliation in Ukraine’s occupied eastern region shortly after Kyiv set another Russian oil depot on […] What’s Good […]
Continue ReadingDaily Standup Top Stories We’re Burning More Climate-Warming Coal Than Ever. Why? August 12, 2024 Stu Turley There’s little doubt that avoiding the most dire effects of climate change requires phasing out power stations that burn coal, the biggest source of carbon dioxide emissions. Yet the opposite is happening. Even as temperatures […] India’s Oil Ministry Wants […]
Continue ReadingWeekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I have thoroughly enjoyed my conversations with him on my podcasts. Electricity is the world’s most important and fastest-growing form […]
Continue ReadingWeekly Daily Standup Top Stories Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups July 21, 2024 Stu Turley New plan comes after Ford postponed EV plant launch to 2027; those EVs will now be made elsewhere, while Oakville may get an electric pickup later in the decade Ford Motor […]
Continue ReadingDaily Standup Top Stories Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November Election June 18, 2024 Mariel Alumit Joe Biden plans to deplete the U.S. oil reserves to artificially lower gas prices just months before the presidential election. When Biden took office in January 2021, the nationwide average gas […]
Continue ReadingDaily Standup Top Stories Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM May 6, 2024 Mariel Alumit An 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, coal-fired Brandon Shores power plant near Baltimore, according to the PJM Interconnection. The Sierra Club’s proposed battery storage solution to […]
Continue ReadingWeekly Daily Standup Top Stories EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 14, 2024 Stu Turley Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where Water scarcity and clean energy collide in South […]
Continue ReadingDaily Standup Top Stories States are acting to prevent their own electricity crisis April 16, 2024 Stu Turley The Wall Street Journal editorial board warned recently that the Biden Administration’s climate agenda is forcing the retirement of fossil-fueled power plants that supply almost 60 percent of U.S. electricity. These power plants are essential to satisfy America’s rapidly […] Top Indian Refiner […]
Continue Reading