Tag: IEA

German Energy Policy Meets the Real World: Evonik CEO Christian Kullmann Says the Energy Transition Has No Value Whatsoever

Clark Savage9

Evonik CEO Christian Kullmann has delivered a blunt verdict on Germany’s Energiewende. In July 2026 interviews with the Rheinische Post and others, the head of one of Germany’s largest specialty chemicals companies stated that the energy transition has cost around €1,000 billion—and delivered “nothing.” “Wir haben nicht genug Gaskraftwerke. Wir haben eine Netzinfrastruktur wie in […]

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Fossil Fuels Still Generate 57% of the World’s Electricity — But We Remain Deeply Dependent on Them for Transportation, Manufacturing, and Building the “Renewables” Themselves

Clark Savage37

Recent data confirms that fossil fuels (coal, natural gas, and oil) still supply 57% of global electricity generation. Wind and solar together reached about 17% of electricity in 2025, according to Ember’s Global Electricity Review. This marks progress from a decade ago, yet it tells only part of the story. Electricity represents a minority slice […]

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Two VLCC Tankers and Two LNG Tankers Pass Through the Strait of Hormuz en Route to China and India

Clark Savage101

In a significant sign of cautious normalization amid the ongoing U.S.-Israel-Iran conflict, two Very Large Crude Carriers (VLCCs) and at least two LNG tankers have successfully transited the Strait of Hormuz this week, with cargoes bound for key Asian buyers in China and India. The vessels operated in “dark mode” — transponders switched off to […]

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What Are Oil Traders Saying About the July Jump in Oil Prices? The 60-Day Ceasefire Gamble, Strait of Hormuz Risks, and a Looming Physical Crunch

Clark Savage158

Oil markets are gripped by a classic battle between headline optimism and physical reality in late May 2026. Brent crude has traded in a volatile $90–$110+ range (recently around $98/bbl as of May 25), well above pre-crisis levels near $60–70, after spiking as high as $126 earlier in the conflict. The driver remains the 2026 […]

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European Gas Storage Approaching Critical: Can’t Survive 3 More Months of Hormuz Disruptions

Clark Savage192

Europe is entering the critical summer injection season with dangerously depleted natural gas storage, leaving the continent vulnerable to even moderate supply disruptions. A recent analysis from OilPrice.com highlights stark warnings from senior Equinor executives: if disruptions through the Strait of Hormuz persist for another 1–3 months, Europe risks a critical shortfall in gas stocks […]

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