Day: July 29, 2024

While the west watches a game show, the rest build a new world order

Energy News Beat Some very big and important things are happening in the world, and it seems that we’re not paying attention at all. We are becoming so fixated on the simple, the sensational, that we’re not noticing the storm clouds. Now, to be clear, the ballistic winging of a high-level American politician is most […]

CapMetro stops shift to all-electric bus fleet

Energy News Beat Capital Metro is slamming the brakes on an ambitious goal of transitioning to an all-electric bus fleet, citing problems with the range of battery-electric buses. Austin voters were promised a transit system with exclusively electric vehicles when they authorized a tax increase in 2020 to fund Project Connect, the largest transit expansion […]

OPEC: Oil Is Indispensable for Global Electrification

Energy News Beat Oil and petroleum-based products are indispensable in the process of increasing electrification and expansion of power grids globally, OPEC Secretary General Haitham Al Ghais said on Monday, noting that the energy mix is not a zero-sum game. The head of OPEC criticized claims that there would be only one winner in the […]

Amazon claims to power all its operations with renewable energy. If only that were true.

Energy News Beat When Amazon announced this month that it had achieved 100% renewable energy seven years ahead of schedule, that sounded like really good news for Virginia. Amazon owns more data centers here than anyone else, and data center energy demand is driving Dominion Energy Virginia’s plan to renege on its climate commitments, keep dirty coal […]

Weak Demand in China Weighs on Middle East Oil Price Outlook

Energy News Beat China’s maritime imports dropped to 10 million b/d at the start of the summer. The trend of weaker demand and sluggish physical activity in China impacted Middle East oil pricing. By not cutting when regional differentials were collapsing and hiking when conditions were ripe, Aramco managed to bring its European OSPs to […]

New Gas Discovery Brings Optimism for Bolivia’s Energy Future

Energy News Beat Bolivia’s Mayaya Centro gas discovery, with an estimated 1.7 trillion cubic feet of gross unrisked resource, provides hope for arresting declining production and boosting reserves. Mayaya Centro is part of YPFB’s Upstream Reactivation Plan, which aims to prioritize investments in exploring and exploiting oil and gas reserves. Development of Mayaya Centro within […]

Energy and the Olympics

Energy News Beat Energy and the Olympics What a time we live in where the Olympics in Paris starts with terror attacks on the train system, controversy in the opening, a power blackout, and athletes bringing their own air conditioners. All that and more on the live podcast from Texas, the UK, and Bulgaria. You […]

Red States, Blue States: A Tale of Two Economies

Energy News Beat The latest employment data from the Bureau of Labor Statistics for June 2024 offers a compelling snapshot of the divergent economic fortunes of red and blue states. The national unemployment rate remained steady at 4.1 percent, a modest increase of 0.5 percentage points from June 2023. Yet, beneath these headline figures lie significant contrasts […]

Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift

Energy News Beat Decision could make island more dependent on energy imports Taiwan aims to decommission last reactor by May next year Taiwan will shut down its second-to-last nuclear plant on Saturday in a move likely to make the island at the center of US-China tensions even more dependent on the outside world for energy. […]

Yellen says $3 trillion is needed each year to fund climate transition

Energy News Beat Treasury Secretary Janet Yellen said Saturday the world’s transition to a low-carbon economy requires $3 trillion in new investment annually through 2050, and that filling the financing gap to reach that level of funding represents the biggest economic opportunity of the 21st century. Yellen spoke in Belem, a Brazilian city known as the […]