Stu Turley, Energy News Beat Podcast Host, recently highlighted a long-standing debate over ethanol-blended gasoline. After filling up with 89-octane fuel containing up to 10% ethanol (E10) and driving 349 miles, the vehicle averaged 17.4 miles per gallon—well below its typical 22–24 mpg. Switching to ethanol-free gasoline restored performance to 22.3 mpg almost immediately. The […]
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Yemen’s Iran-aligned Houthis claimed a drone strike on Saudi Aramco’s Jazan (also spelled Jizan) refinery on Sunday, August 9, 2026, just two days after the kingdom signed a major trilateral defense pact. Saudi Arabia’s Energy Ministry reported a fire at a facility within the complex that was extinguished with no injuries. This marks the latest […]
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On August 7, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping sanctions targeting digital asset exchanges and networks used by the Iranian regime to launder funds, evade sanctions, and support the Islamic Revolutionary Guard Corps (IRGC) and other terrorist groups. The action hits two major platforms exploited by […]
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On August 7, 2026, the U.S. Senate overwhelmingly passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by a vote of 86-11. The bipartisan measure, renamed in honor of the late South Carolina Senator Lindsey Graham—who championed it until his death last month—now heads to the House. The legislation authorizes the president […]
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Citigroup has raised its third-quarter 2026 Brent crude forecast to $80 per barrel from $75, citing the prolonged U.S.-Iran conflict and continued constraints on oil flows through the Strait of Hormuz. The bank left its fourth-quarter 2026 forecast unchanged at $70 per barrel and continues to project an average of $65 per barrel for full-year […]
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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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The Renewable Treadmill of Financial Death The Renewable Treadmill of Financial Death is a topic that David Blackmon , The Nemeth Report (Dr. Tammy Nemeth) and I will be covering at our new time at 9:00 Central this Monday. The following week at 9:00, we have a special edition of the Energy Realities Podcast with Dr. Joseph Fournier, another great Substack […]
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Texas Governor Greg Abbott’s directive pausing new data center interconnections to the ERCOT grid has placed nearly one-fifth of the entire U.S. data center development pipeline at risk of delays, according to analysis from BloombergNEF (BNEF). The move, announced August 3, 2026, requires a comprehensive audit of energy use, water consumption, financing, ownership, and community […]
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Houston-based ConocoPhillips (NYSE: COP), the largest U.S. independent oil and gas producer, reported second-quarter 2026 results on August 6, 2026, that beat Wall Street expectations. Higher commodity prices more than offset a year-over-year decline in production, driving sharp gains in earnings and cash flow. The company also reaffirmed full-year guidance, doubled share repurchases, achieved a […]
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The effective closure of the Strait of Hormuz amid the 2026 Iran-related conflict has fundamentally altered global liquefied petroleum gas (LPG) trade flows. Middle Eastern exports from Saudi Arabia, the UAE, Qatar, and Iran slowed sharply as tanker traffic collapsed and infrastructure faced risks or attacks. Before the escalation, roughly 54 oil, chemical, and LPG […]
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