U.S. oil and gas drillers are slowing down drilling activities, as evidenced by a consistent decline in active rig counts across major basins in 2024 and 2025. This slowdown is driven by several factors: Lower Oil and Gas Prices: West Texas Intermediate (WTI) crude prices have hovered around $62 per barrel in 2025, close to […]
Continue ReadingWeekly Daily Standup Top Stories U.S. Largest Grid Operator is warning of Summer Power Shortages May 11, 2025 Clark Savage Key Points Research suggests potential summer power shortages in the U.S. grid, especially in PJM’s region, due to high demand and retiring plants. It seems likely that extreme heat could strain the grid, potentially causing […] Newsom […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
Continue ReadingWeekly Daily Standup Top Stories Clean Energy Projects in the United States have been lost in the wind to the tune of $8 Billion – But how much cheaper will be our electricity? April 20, 2025 Clark Savage In the first quarter of 2025, 16 large-scale clean energy projects in the U.S. were canceled, downsized, or […]
Continue ReadingDaily Standup Top Stories How will ERCOT and Texas learn from the past on the grid? April 23, 2025 Clark Savage ENB Pub Note: This is an essential update from Doug Sheridan, a LinkedIn Author and knowledgeable leader in the energy sector. Doug is raising some significant concerns about the Texas grid and potential issues on […] […]
Continue ReadingWeekly Daily Standup Top Stories DAVID BLACKMON: Reconciliation Permitting Reform Will Make America Go Big Again OPINION April 12, 2025 Clark Savage ENB Pub Note: David Blackmon is a great energy expert in the podcasting arena, and it has been great fun getting to know him over the last several years. I highly recommend following him […]
Continue ReadingDaily Standup Top Stories Free calculator launched for shipowners to navigate IMO’s new green deal April 15, 2025 Stu Turley ENB Pub Note: While guidance and less pollution is a great thing. The belief that you can tax ship owners into using battery-powered ships just won’t make the energy transition happen. First, we are not […] Lower […]
Continue ReadingUS oil producers are struggling to defend margins at $60 WTI due to additional corporate costs that raise the all-in breakeven price. Trade policies and market volatility are threatening US oil production growth, particularly in the Permian Basin, as companies may need to cut back activity to maintain investor payouts. Increased hurdle rates and debt […]
Continue ReadingDaily Standup Top Stories Data Center Boom Sparks Utility Spending—But How Real Is the Demand? April 9, 2025 Clark Savage ENB Pub Note: AI and data centers will have a profound impact on energy demand. Look for them to be built in Republican states with energy-friendly policies and near natural gas pipelines. And as of […] How […]
Continue ReadingDaily Standup Top Stories New Natural Gas Pipes and LNG Terminals Shake Up Texas/Louisiana Gulf Coast – RBN Energy April 1, 2025 Clark Savage ENB Pub Note: Excellent Article from RBN Energy – I recommend following them and checking out their articles: In Texas and Louisian Gulf Coast, we need the six new pipelines for LNG […]
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