The 2026 Virginia Energy Plan’s cheapest system-cost path is the one that allows new gas. Every clean pathway costs more on the bill, then wins only after a carbon adder. Governor Abigail Spanberger released the 2026 Virginia Energy Plan on October 1 and called it a path to affordable, reliable, local clean power. The modeling […]
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Record VLCC rates now equal about $33 a barrel — 27 percent of delivered crude — and history shows that energy shocks plus Fed tightening are how demand destruction turns into recession. Especially after the Fed raises rates during an energy crisis, recessions follow. Patterns in finance matter, just like physics matters to the grid. […]
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ENB Pub note: This article first appeared on the Energy News Beat Substack, and we reached out to Peter Clack about appearing on the Energy Realities or Energy News Beat Podcast. If you want to leave a comment, subscribe to the Energy News Beat Substack. The world is running out of easily accessible high-grade ores, […]
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A worldwide diesel crunch, driven by wartime disruptions, is giving fresh political momentum to Brazil’s state oil company Petrobras and its long-debated push for greater domestic refining. The same supply tightness is exposing the United States’ own refining constraints—constraints that have accumulated for decades and are heavily concentrated in states with stricter environmental rules. In […]
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Welcome back to the Energy Newsbeat podcast. Today, we’re diving deep into one of the most critical—and misunderstood—issues facing America’s energy future. Most people think the grid is just the wires and power plants they see. But what if I told you two grids are operating at the same time, and they’re increasingly working against […]
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Matador Resources closed its acquisition of EnCap-backed Paloma Permian on October 1, 2026, for $1.255 billion in cash, subject to customary post-closing adjustments. The deal, announced in July at a headline consideration of $1.275 billion, is already beating the company’s own underwriting on the producing wells, while adding a large block of high-quality undeveloped inventory […]
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Global electricity demand is growing faster than the grids that have to carry it. The constraint is no longer just generation. It is the hardware that steps voltage up and down—large power transformers and the related substation gear—and the industrial base that used to build them. The International Energy Agency’s Electricity 2026 report puts global […]
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President Trump’s Midterm Diesel Probability Forecasting Tool ties record distillate prices directly to Senate control odds less than five weeks before the November 3 vote. Retail on-highway diesel sat at $6.382 per gallon for the week of September 28 (EIA), down only modestly from the $6.529 record the prior week and more than $2.60 above […]
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LNG Canada will again source major modules from a Chinese state-owned fabricator for its $33 billion Phase 2 expansion in Kitimat, B.C., even as Canadian primary steel producers idle lines and issue layoff notices under U.S. tariffs and persistent import pressure. Prime Minister Mark Carney has left the steel decision to the project owners while […]
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When the lights flicker, the bills spike, and the largest customer turns hostile, politicians who spent a decade blocking pipelines suddenly discover the language of urgency. That pivot is on full display this week in Massachusetts and Ottawa. Energy News Beat reported today that Massachusetts Governor Maura Healey has asked the Trump administration to accelerate […]
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