Energy News Beat But overall and “core” PCE price indexes decelerated, on plunging gasoline prices, a dip in food prices, and a continued big drop in durable goods prices. By Wolf Richter for WOLF STREET. The fly in the ointment in today’s PCE Price Index by the Bureau of Economic Analysis was rent inflation, which accelerated in November […]
Energy News Beat I’m not going to mince words here. By destroying America’s energy independence, the Biden Administration is directly making Black Americans more poor and less independent than ever. Since Biden’s first day in office with the shutdown of the Keystone pipeline project and his ongoing war on a key pillar of our economy, […]
Energy News Beat Russia and China have completely abandoned the use of Western currencies, including US Dollar, in their bilateral trade, said Russian Prime Minister Mikhail Mishustin on Tuesday (Dec 19). While speaking during a meeting with his Chinese counterpart Li Qiang in Beijing, Mishustin said nearly all payments were being carried out in Rubles […]
Energy News Beat A judge has ordered the removal of a wind farm in Osage County and set a trial for damages in a win for the Osage Nation and its Mineral Council, which, along with the federal government, have been fighting the erection of the turbines for more than 10 years. U.S. Court of […]
Energy News Beat The Biden administration sided with Senate climate hawks in one of the highest-stakes debates over the future of U.S. efforts to cut planet-heating emissions, announcing its long-awaited proposal on Friday for strict rules on production of the hydrogen fuel the federal government is betting on to replace natural gas and oil. When burned, the […]
Energy News Beat Right now in the energy space, M&A activity is resurgent for several reasons. The first is the global realization that you cannot make an iPhone from a wind turbine and that the ESG investing movement into renewable energy has failed. BlackRock has announced that having oil and gas in ESG portfolios is […]
Energy News Beat The 160,000-cbm, Energos Celsius, which will serve New Fortress Energy’s FSRU-based LNG import terminal in Barcarena, has left Seatrium’s yard in Singapore and is on its way to Brazil. Seatrium announced on Friday the delivery of the converted FSRU to NFE. NFE sold this LNG carrier and ten other vessels last year to a […]
Energy News Beat From corporate giants like Google to individual families, plenty of Duke Energy customers in North Carolina want to do their part in the transition to clean energy. But if the Charlotte-based utility’s proposed green tariffs are approved as is, that good will would only help finance Duke’s compliance with the state’s […]
Energy News Beat World Oil (Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales. Source: Reuters The sale, held by the Interior Department […]
Energy News Beat IER Key Takeaways 1: Despite enormous federal spending, subsidies, incentives, and regulations to drive internal combustion engines out of the market, electric vehicles make up just 1 percent of vehicles in operation in the United States. 2: Increasing consumer knowledge about electric vehicles, high up-front costs and high interest rates have slowed […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
