by Irina Slav
Oil Price
“President Joe Biden and his administration hardly planned for everything that happened this year. In fairness, no administration could have planned for it: soaring oil and gas demand, tight supply, rising prices fueling inflation that has quickly gone from nothing to worry about to the biggest worry for many,” according to Oil Price.
“Biden’s Baffling Oil Policy Faces Backlash From All Sides” Read Full Article »
by Josh Saul
Yahoo Finance
“The price of electricity in October increased 6.5% from the same month a year ago while consumer expenses paid to utilities for gas went up 28%, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics. Fuel oil rose 59%, and costs for propane, kerosene and firewood jumped by about 35%, the data show,” according to Yahoo Finance.
“U.S. Households Face Biggest Surge in Electricity Costs Since 2009” Read Full Article »
by Matthew Kandrach
Real Clear Energy
“Worse still, Europe’s energy crisis appears to be largely self-made. The European rush to renewable power and determination to shutter fossil fuel capacity and investment in new production has come home to roost. By starving investment in new natural gas production and closing much of its coal fleet, European consumers have been left with few options and soaring energy prices before the idealized grid and energy systems of the future exist. In other words, energy reality has caught up with pie-in-the-sky aspiration,” according to Real Clear Energy.
“Pitfalls of Energy Transition on Full Display in Europe” Read Full Article »
byJeremy Beagin
The Washington Examiner
“The nuclear industry just got a significant boon from Congress with the passage of the bipartisan infrastructure bill, which devotes nearly $8.5 billion to fund advanced reactor development and support the nation’s economically compromised plants,” according to The Washington Examiner.
by Chuck Ross
The Washington Free Beacon
“Saule Omarova, who received the Lenin Personal Academic Scholarship at Moscow State University, has proposed establishing a National Investment Authority to divert investments away from the oil and gas industry and into ‘clean and green’ infrastructure projects. Speaking at a virtual forum in May, Omarova said ‘the way we basically get rid of those carbon financiers is we starve them of their sources of capital,’” according to The Washington Free Beacon.
“Biden Banking Nominee Wants To ‘Starve’ Companies That Invest in Oil and Gas” Read Full Article »
by Benjamin Storrow
Scientific American
“The White House’s reluctance to sign the pledge says a lot about coal’s continued political influence in the face of declining fortune,” as reported by Scientific American.
“Why the U.S. Didn’t Join 40 Other Countries in Pledge to End Coal” Read Full Article »
by Evelyn Cheng
CNBC
“Monthly purchases of coal reached 26.9 million tons in October, up 96.2% from a year ago, according to data accessed through Wind Information,” according to CNBC.
“China’s coal imports in October nearly doubled from a year ago” Read Full Article »
by Mark Gongloff
Bloomberg Opinion
“Take electric cars. As Conor Sen points out, investors are throwing money at EVs while dooming fossil-fuel-burning cars to the same fate as brick-and-mortar retail and print media: being stripped by private equity for parts and profits and left to die,” according to Bloomberg Opinion.
“That Electric Car’s Not as Green as You Think” Read Full Article »
by Jillian Ambrose
The Guardian
“The engineering firm will set up a venture focused on developing small modular nuclear reactors, or SMRs, in partnership with investors BNF Resources and the US generator Exelon Generation with a joint investment of £195m to fund the plans over the next three years,” according to The Guardian.
“Rolls-Royce secures £450m for mini nuclear reactors venture” Read Full Article »
by Alex Stevens
ColoradoBiz magazine
“Natural gas, once seen as a bridge fuel to a new energy future, is now the target of attacks by anti-industrial activists,” according to ColoradoBiz magazine.
“Should Colorado adopt California’s energy policies?” Read Full Article »
by Robert Bryce
Forbes
“News coverage of Tuesday’s elections was dominated by Glenn Youngkin’s victory over incumbent Democrat Terry McAuliffe in the Virginia gubernatorial race. But when it comes to energy policy and climate action, the lopsided result of a referendum in Maine over a high-voltage transmission project proved yet again that land-use conflicts are the binding constraint on the expansion of renewables in the United States. The rejection of the 145-mile, $1 billion project also showed that the myriad claims being made by politicians and climate activists that we can run our economy solely on renewables are little more than wishful thinking,” according to Forbes.
Habitat magazine
“Now, The New York Times reports, the push for a greener electric grid is running into stiff headwinds. Hecate Energy, a renewable energy developer, had hoped to install a 500-acre solar farm in Copake, N.Y., a quiet town nestled between the Catskill and Berkshire Mountains. The setting was ideal because of its proximity to an electrical substation, critical to the power transmission. But after facing an outcry from some in the community who feared the installation would mar the bucolic setting, Hecate scaled back its plans,” according to Habitat magazine.
“NIMBY: Rural Residents Push Back on Large Solar Farms” Read Full Article »
by Alex Kimani
Oil Price
“Nearly 60% of S&P 500 companies have reported third-quarter 2021 earnings, and the energy sector has again emerged as a standout performer,” according to Oil Price.
“U.S. Shale Patch Reports Blowout Earnings” Read Full Article »
by Irina Slav
Oil Price
“How much higher could oil prices go? This is the question that the U.S., China, India, and other big consumers have come to dread as benchmarks continue to rise amid tight supply and soaring demand. The answer right now is not one they will be happy with, either. ‘Net, our bullish view remains unchanged: the oil deficit remains unresolved, the current strength in oil demand remains a near-term tailwind and the increasingly structural nature of the deficits will require much higher long-dated oil prices,’ Goldman Sachs analysts wrote in a note last week,” as reported by Oil Price.
by Benoit Faucon and Timothy Puko
The Wall Street Journal
“White House mulls its limited options to boost supply; critics say situation exposes flaws in president’s climate-change agenda set out at COP26,” according to The Wall Street Journal.
“Rising Oil Prices Put Biden in a Bind Over Climate Pledges” Read Full Article »
by Professor Mark Castelino
The Wall Street Journal
“‘Solar and Wind Force Poverty on Africa’ (op-ed by Yoweri K. Museveni, Oct. 25)—and all under the guise of saving the planet. But saving it for whom? Several hundred million Africans live in poverty, thanks partly to a lack of reliable energy. The imposition on the Third World of green mandates, like tariffs, must inevitably hamper poor nations’ ability to produce goods and services,” according to Professor Mark Castelino of Rutgers Business School whose letter appeared in The Wall Street Journal.
“Green-Energy Pushers Will Do Immense Harm to Africa” Read Full Article »
by Jon Brown
Fox News
“The Biden administration is reportedly weighing the potential market consequences of shutting down an oil pipeline in Michigan, drawing criticism from opponents. Former Michigan Gov. Jennifer Granholm, Biden’s energy secretary, predicted Sunday that heating prices will rise this winter regardless of the Biden administration’s decision on the pipeline. ‘Yeah, this is going to happen. It will be more expensive this year than last year,’ Granholm told CNN,” as reported by Fox News.
by Jeremy Beaman
Washington Examiner
“Energy Secretary Jennifer Granholm laughed off the notion of encouraging more domestic oil production to blunt high gasoline prices and said matters are exclusively in OPEC’s hands. ‘That is hilarious,’ Granholm responded while laughing to Bloomberg Surveillance host Tom Keene’s question about the ‘Granholm plan’ to increase oil production in America. ‘Would that I had the magic wand on this,’ Granholm said. ‘As you know, of course, oil is a global market. It is controlled by a cartel. That cartel is called OPEC,’” according to the Washington Examiner.
American Energy Alliance
“Nine years ago, the wind industry agreed to a six-year phase out of the wind production tax credit. At the time, the wind industry told reporters that they needed 4-6 years to achieve subsidy-free competitiveness. But now the wind industry, other renewable electricity generators, and their financial backers on Wall Street, are back supporting the House Democrats plan to transfer billions of dollars from hard-working taxpayers to Wall Street bankers by laundering it through renewable energy companies,”according to the American Energy Alliance.
by Jack Ewing and Patricia Cohen
The New York Times
“For every car or truck that does not roll off an assembly line in Detroit, Stuttgart or Shanghai, jobs are in jeopardy. They may be miners digging ore for steel in Finland, workers molding tires in Thailand, or Volkswagen employees in Slovakia installing instrument panels in sport utility vehicles. Their livelihoods are at the mercy of supply shortages and shipping chokeholds that are forcing factories to curtail production,” according to The New York Times.
“How Car Shortages Are Putting the World’s Economy at Risk” Read Full Article »