Tag: Secretary Chris Wright

Mike Wirth framed Chevron’s new $7 billion Venezuela commitment as a “win-win-win” during a Bloomberg Television interview from Caracas: better heavy crude for U.S. Gulf Coast refiners, stronger energy security, and fresh investment and jobs for Venezuela.

Clark Savage64

The September 2, 2026 sit-down with Tyler Kendall came the same day Chevron announced updated joint-venture agreements with PDVSA. The company will invest more than $7 billion over five years across three existing ventures, add acreage in the Orinoco Belt’s Carabobo area, and target more than 600,000 barrels per day of production—more than triple the […]

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Chevron, Eni, and a broader group of firms signed energy agreements in Caracas on September 2, 2026, with U.S. Energy Secretary Chris Wright and acting Venezuelan President Delcy Rodríguez present.

Clark Savage70

The pacts target higher crude output from existing and new acreage under Venezuela’s reformed hydrocarbons law, separate from the larger U.S.-backed North American Blue Energy Partners (NABEP) arrangement announced days earlier by President Trump. Wright described the package as “tens of billions” in investments and a “transformation for Venezuela.” Rodríguez credited Trump administration efforts for […]

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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 Savage110

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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Building the Future at Warp Speed: How Aalo Atomics is Solving the Energy Crisis

Clark Savage266

Yasir Arafat, Co-Founder, CTO, & President, stops by the Energy News Beat podcast On July 4th, 2024—America’s 250th birthday—something extraordinary happened that most people missed. Allo Atomics turned on a brand new advanced nuclear reactor for the first time in 50 years. But here’s what makes this truly revolutionary: they designed, built, and achieved criticality […]

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U.S. Department of Energy Meets President Trump’s Goal, Delivers Third Advanced Reactor CriticalityJuly 2, 2026

Clark Savage140

In a landmark achievement for America’s nuclear renaissance, the U.S. Department of Energy (DOE) announced that Deployable Energy’s Unity demonstration reactor successfully achieved criticality on June 30, 2026 (late yesterday), at Idaho National Laboratory (INL). This marks the third DOE-authorized advanced reactor to reach this milestone by the July 4, 2026, deadline set by President […]

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250 Years of Energy: How America’s Abundant Natural Resources Powered a Rising Nation — And Why Smart Policy Will Determine the Next Century

Clark Savage84

This article was first Run on The Energy News Beat Substack. If you would like to make a comment, head over there.  There is a pattern that the more political regulatory overreach, innovation, and lower costs to consumers are quashed. From the wood fires that warmed homes and fueled early industry in 1776 to the […]

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