Almost exactly four years ago, a devastating wildfire in California caused an estimated $500,000 in damage to the Ronald Reagan Presidential Library. However, during the second 2024 presidential primary debate held at the library, GOP candidates seemed to dismiss the issue of climate change. One candidate, North Dakota Gov. Doug Burgum, stated that the real …
With the stock market deeply oversold this week, we strategically invested our cash in various sectors, such as energy, technology, and materials. Additionally, we added a former Club chipmaker to our Bullpen and upgraded a premium beer brand to a buy rating. The market’s Friday reversal allowed us to fulfill our commitment to trim a …
An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a fierce debate between two major players in the energy industry – the International Energy Agency (IEA) and OPEC – as they clash over the future …
Oil prices surged to their highest level in more than a year on Thursday. The U.S. West Texas Intermediate futures reached $95.03 per barrel, marking the highest cost since August 2022. Manan Vatsyayana | Afp | Getty Images India’s minister of petroleum and natural gas warned that there’ll be “organized chaos” if oil prices break …
Bernard Looney gestures as he addresses the gathering on the second day of the three-day B20 Summit in New Delhi on August 26, 2023. Arun Sankar | Afp | Getty Images Former BP CEO Bob Dudley expressed his surprise at Bernard Looney’s sudden resignation last month and denied any prior knowledge of Looney’s past personal …
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images Southeast Asian countries are anticipated to emerge as major contributors to the LNG market by 2030, according to industry experts. The global trade in liquefied natural gas documented a record surge in 2022, primarily driven by soaring demand from Europe, …
The Biden administration unveiled its long-awaited drilling plan on Friday, which aims to significantly reduce the nation’s offshore oil and gas leasing program. Under the plan, a maximum of three lease sales will be offered over the next five years, making it the smallest number in the program’s history. The proposal aligns with President Joe …
Canada has made significant progress in reducing emissions, but a new report from the Canadian Climate Institute reveals that this progress is being undermined by rising emissions in three sectors. According to the report, between 2021 and 2022, climate policy and market drivers led to a decrease of 22.9 metric tons of carbon dioxide emissions. …
A breathtaking view of Sullom Voe Terminal, an oil and gas terminal in the enchanting Shetland Islands during September 2021. Photo by Adrian Dennis | Afp | Getty Images LONDON — In a significant move, British regulators granted approval on Wednesday for Norway’s energy giant Equinor to develop the highly debated U.K. offshore Rosebank field …
According to a new report by the International Energy Agency (IEA), even without new government climate policies, the demand for fossil fuels globally will peak before 2030. The report, released on Tuesday, states that the rapid deployment of renewable power, electric vehicles, and heat pumps is happening so quickly that demand for coal, oil, and …