Why Oil Majors Don’t Want to Build New U.S. Refineries
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U.S. President Donald Trump told oil producers and refiners that he wants lower gasoline prices, immediately, at a meeting at the White House this week. As gasoline prices remain above…
Energy
AI Data Center Boom Pushes U.S. Power Equipment to the Breaking Point
Big Tech is betting trillions of dollars on artificial intelligence, with a lot of that to be spent on building the data centers that would power large language models. Stock…
Superhot Geothermal Just Got A $180 Million Vote Of Confidence
As the artificial intelligence boom drives major energy demand growth and catalyzes an all-of-the-above approach to energy development, enhanced geothermal energy is catching a windfall of investment dollars and renewed…
U.S. SPR Depletion Threatens Further Oil Price Volatility
Crude oil prices are on their way up again, driven by the latest flare-up of hostilities in the Persian Gulf—but they are also up because U.S. crude inventories are down…
U.S. Lithium Miners Finally Have a Shot at Cashing In
After years of volatile markets, lithium prices are soaring, and everyone wants a piece. As the battery storage sector goes gangbusters on a global scale, lithium spot prices are seeing…
Gary’s Two-Week Blackout Is a Warning for America
After two weeks of darkness, power has been restored to all the citizens of Gary, Indiana, an old, low income, lakefront, industrial city within sight of Chicago. The outage did…
Why More Venezuelan Oil Won’t Solve America’s Gasoline Problem
Venezuela has the largest proven oil reserves in the world, and its heavy crude is particularly well suited to the sophisticated refineries lining the U.S. Gulf Coast. More Venezuelan oil…
Iran War Triggers Billions in New Oil Pipeline and Port Investment
The severe disruption of oil and gas flows out of the Persian Gulf resulting from the war between the U.S. and Israel and Iran, has saddled energy-importing nations with soaring…
Oil Selloff Outruns Reality in Hormuz
WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62…
The Iran War Has Handed Russia a Strategic Opening in Europe
The war with Iran has handed Russia a strategic advantage in Ukraine. Washington is burning through the weapons Europe needs to deter Russia, moving military capacity into the Gulf and…