Day: February 10, 2025

22 States Sue New York Over Climate Superfund Law, Slam It As Unconstitutional

Energy News Beat 22 states are suing New York over its Climate Superfund law, calling it unconstitutional and a threat to energy producers, jobs, and the power grid. ​ On February 6, 2025, a coalition of twenty-two states issued a lawsuit against the state of New York due to its “Climate Superfund” law, which would […]

Gas at $100 a Barrel in Europe Makes Burning Oil More Attractive

Energy News Beat Europe’s soaring gas prices are making it more cost-effective to burn oil for industrial use, potentially boosting the region’s demand for barrels. Natural gas surpassed the equivalent of $100 a barrel on Monday, a two-year high. The price jump raises the prospect of more switching from gas to petroleum products such as […]

“Drill Baby Drill is a Double-Edged Sword

Energy News Beat “Drill Baby Drill is a Double-Edged Sword There is a lot of moving parts behind “Drill Baby Drill.” While President Trump’s ambitious goal of cutting consumer energy prices is fantastic, he does not have total control of the global oil markets. How much can his policies impact prices, and what does the […]

Why Keith Kellogg’s Plan is DOA: Shifting the Global Political Center of Gravity Part 2

Energy News Beat Introduction: Natural Gas and Shifting the Global Political Center of Gravity This is the second article in this series and explains why it is in Putin’s best interest to adopt a “do nothing” strategy and delay any meetings with the Trump administration as long as possible and let the energy prices in […]

Breakaway Moldovan region turns back to Russia for energy needs

Energy News Beat [[{“value”:” Donec et orci aliquet nisl suscipit molestie sed sit amet tortor. Duis vel urna ac mi sollicitudin lacinia mollis sit amet lorem. Sed finibus erat nec libero scelerisque fringilla. Morbi at orci sed urna vulputate vulputate. Nulla facilisi. Donec et orci aliquet nisl suscipit molestie sed sit amet tortor. Want to […]

European gas prices hit two-year high

Energy News Beat   Natural gas prices in the EU have climbed to their highest level in two years, driven by a combination of cold weather, declining gas reserves, and concerns over potential US tariffs on imports for the EU. Benchmark futures rose by over 4% on Monday reaching $620 per 1,000 cubic meters or […]

Danes offer to buy California

Energy News Beat A group has proposed to pay Donald Trump $1 trillion and an unlimited supply of pastries in exchange for the state A crowdfunding group in Denmark has proposed that their country acquire the US state of California for $1 trillion and a lifetime supply of Danish pastries. The satirical idea of purchasing […]

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

Energy News Beat BP shares jumped on Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could pressure the energy company to shift gears on its core oil and gas businesses. BP stock was up 6.89% at 12:56 p.m. London time. Elliott Management and BP have declined to […]

Iran Says Trump’s Maximum Pressure Will Fail to Drive Its Oil Exports to Zero

Energy News Beat The new U.S. Administration’s maximum pressure campaign on Iran will fail – again – and will not achieve its goal to drive the Islamic Republic’s oil exports to zero, Iran’s Oil Minister Mohsen Paknejad said this weekend. “The maximum pressure policy has failed, and (Trump’s) dream of reducing Iran’s oil exports to […]

Taiwan Joins Japan as Alaska LNG Hopeful

Energy News Beat Taiwan has followed in Japan’s footsteps, expressing interest in buying more liquefied natural gas from the U.S. and more specifically from a project in Alaska, Reuters has reported, citing the country’s economy ministry. The statement reflects concern about the impact of tariffs that Trump has threatened to impose on all countries that run […]