Day: January 15, 2024

Energy Realities #94 -Filmed Live On YouTube on January 16, 2024

Energy News Beat ENERGY REALITIES EPISODE #94 – ENERGY THREATS Highlights of the podcast: 01:25 -Rental giant hertz dumps EVs, including Teslas for gas cars 05:18 – U.S. resumes Russian oil imports and defies sanction. 06:42 – Uranium imports from Russia 09:02 – Defying sanctions with the Russian oil imports 10:00 – The Japanese government […]

Spain to dismantle 7,500 wind turbines in five years

Energy News Beat It’s a cautionary tale with a European twist and implications for Alberta. Spain’s feet-first foray into renewable power has hit a snag after the country will be forced to dismantle more than 36% of its aging fleet of wind turbines within the next five years. According to the national Wind Business Association […]

Kuwait Petroleum Corporation fixes oil price at $70 for 2024/2025 fiscal year

Energy News Beat Kuwait Petroleum Corporation (KPC) has announced the setting of the indicative price for Kuwaiti oil at $70 per barrel for the fiscal year 2024/2025, commencing this April. This key financial indicator was reported by Al-Anba daily, which cited informed sources. It should be noted that while KPC proposes this price, the final […]

Most of Alberta’s Wind Fleet Slowly Shut Down Thursday Night, But Not for Lack of Wind – Find Out Why

Energy News Beat UPDATE: By 7:28 a.m., wind output fell to less than 1 per cent of capacity One of the first lessons any new engineering student learns in their materials class is “cold brittle behaviour” of materials. When it gets really cold, like -30 C or colder, many materials lose much of their strength […]

New report indicates alarming trend for electric vehicle enthusiasts

Energy News Beat In the wake of a year that saw record electric vehicle adoption achieved alongside weakening consumer demand, a new report from S&P Global Mobility found a transition trend that could indicate more challenges ahead for the sector. After analyzing return-to-market vehicle registration data, S&P found households with gas-powered cars to be more likely to transition […]

Winter Freeze Cuts U.S. Natural Gas Output

Energy News Beat Sub-zero temperatures in much of the United States have frozen gas wells, leading to the drop in production to the lowest in 11 months, Reuters has reported, citing local data. The report added that demand for electricity, on the other hand, was heading for a record-high in some states, notably Texas. There, the […]

BlackRock Scoops Up Energy Infrastructure Giant GIP

Energy News Beat Investment management giant BlackRock has struck a $12.5 billion deal for Global Infrastructure Partners (GIP) in preparation of an expected surge in worldwide infrastructure needs, driven partly by the low-carbon energy transition. “If we are going to decarbonize the world, the amount of capital and infrastructure is going to be very necessary,” […]

U.S.-owned container vessel struck by an anti-ship ballistic missile off the coast of Yemen

Energy News Beat A U.S.-owned and operated container ship on Monday was struck by an anti-ship ballistic missile from Houthi-controlled areas of Yemen, according to the U.S. Central Command. The U.S. said via social media that the attack took place at around 4 p.m. local time (8 a.m. ET) but the vessel, known as the […]

What are the biggest challenges facing the German economy in 2024?

Energy News Beat As we enter 2024, Europe’s largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the German economy in 2024. Germany is facing an uphill economic battle in 2024. Its GDP growth is expected to decline by 0.6% this […]

Opinion STIRLING: When magical thinking meets a polar vortex cold, hard reality follows

Energy News Beat Ryan Maue is a US weather and climate guy.  From early last week he was forecasting the incoming polar vortex would bring abysmal cold to virtually all of North America.  Unlike climate activists, he’s not an alarmist except when as he jokingly put it, the real ‘climate emergency’ that would unfold would be […]