Refinery Fire in New Orleans: Is This a Pattern?

On May 8, 2026, an explosion and fire rocked the Chalmette Refinery in Chalmette, Louisiana, just east of New Orleans. Operated by PBF Energy, the facility processes roughly 185,000–190,000 barrels per day (bpd) of crude into gasoline, diesel, jet fuel, and specialty products. The incident occurred around 12:50–1:00 p.m. CDT in an operating 17,500-bpd reformer […]

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Chevron CEO Says Oil Storage Buffers Being Drawn Down

In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down in recent months […]

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Three Mile Island Nuclear Plant Set to Restart Amid Booming AI Power Demand

In a landmark move signaling a nuclear renaissance driven by surging artificial intelligence and data center energy needs, Constellation Energy is preparing to restart Three Mile Island Unit 1—now rebranded as the Crane Clean Energy Center—in Pennsylvania. The plant, which has been offline since 2019 for economic reasons, will once again deliver reliable, carbon-free baseload […]

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Will Venezuela Export Stranded Gas through Trinidad?

Shell is actively exploring the development of Venezuela’s offshore natural gas resources, with plans to route production through Trinidad and Tobago’s existing infrastructure for export as LNG. In a February 2026 earnings call and subsequent Bloomberg TV interview, Shell CEO Wael Sawan confirmed ongoing talks with Venezuela’s government to advance offshore gas projects, specifically targeting […]

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Venezuela’s Faulty Power Grid May Set Back Economic Comeback

Venezuela’s long-suffering electricity system is once again flashing red warning lights. According to Bloomberg, the country has announced emergency measures after power consumption reached a nine-year high, raising the specter of widespread blackouts that could derail the nascent economic recovery following the dramatic political changes earlier this year. Installed generation capacity stands at roughly 37,000 […]

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Virginia’s Carbon Market is a Wealth Transfer the Democrats are Trying to Hide

As Virginia prepares to rejoin the Regional Greenhouse Gas Initiative (RGGI) this summer under Democratic Gov. Abigail Spanberger, ratepayers are facing yet another round of higher electricity bills. Proponents frame the move as a smart climate policy that will somehow deliver affordability amid surging data-center demand. But the reality, backed by years of data from […]

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