Day: March 12, 2025

Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023

Energy News Beat Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in February from January, after the jump of 0.47% (+5.75% annualized) in January from December, which had been […]

The Largest Degregulatory Announcement in U.S. History by Lee Zeldin

Energy News Beat “Today, I’m pleased to make the largest deregulatory announcement in US history. The Environmental Protection Agency is initiating 31 historic actions to fulfill president Trump’s promise to unleash American energy, revitalize our auto industry, restore the rule of law, and give power back to the states.” “EPA will be reconsidering many suffocating […]

Diana Shipping fixes another kamsarmax to Cargill

Energy News Beat Dry CargoEurope Diana Shipping New York-listed Greek bulker owner Diana Shipping has secured its second Cargill charter within a month. The commodities giant is chartering in the 2010-built kamsarmax Medusa for up to 16 months. The 82,194 dwt Tsuneishi-built vessel, which earlier this year came off a long-term charter with ASL Bulk […]

Amazon forest felled to build road for climate summit

Energy News Beat A new four-lane highway cutting through tens of thousands of acres of protected Amazon rainforest is being built for the COP30 climate summit in the Brazilian city of Belém. It aims to ease traffic to the city, which will host more than 50,000 people – including world leaders – at the conference […]

Trump Tariffs Threaten U.S. Oil Refiners

Energy News Beat President Trump’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican oil imports may see a sharp decline due to alternative sources available to Gulf Coast refiners. These […]

India Plans Coal Trading Exchange as Domestic Supply Soars

Energy News Beat India’s Coal Ministry is proposing a coal trading exchange to manage increased domestic coal production and facilitate competitive sales. This initiative aims to shift from a government-controlled sales model to a “many-to-many” platform for efficient price discovery. The exchange is planned as India’s domestic coal production is expected to reach 1 billion […]

U.S. LNG’s Kingmaker Status Has an Expiration Date

Energy News Beat The U.S. transformed from an energy importer to the world’s top LNG exporter due to the shale revolution and fracking. Rising costs, environmental concerns, and potential shifts toward renewables pose challenges to long-term demand for U.S. LNG. Geopolitical tensions, Chinese trade measures, and the uncertain future of fossil fuels could impact the […]

South Dakota Bans Using Eminent Domain For Carbon Dioxide Pipelines

Energy News Beat South Dakota Governor Rhoden signed a bill banning eminent domain for carbon capture pipelines, protecting landowners’ property rights. ​Republican South Dakota Governor Larry Rhoden signed a bill Thursday banning the use of eminent domain for carbon dioxide pipelines, ensuring land protections for farmers across the state. [emphasis, links added] The bill, HB […]

Data Shreds ‘World On Fire’ Hype Pushed by Climate Alarmists, Media

Energy News Beat Media hype fuels climate panic, but data shows disaster deaths, burned areas, and flood costs drop with adaptation—far cheaper than costly climate policies. ​Nearly half of young Canadians surveyed in a 2022 study said they believed humanity is doomed because of climate change, while more than three-quarters said they were frightened. No […]

Why Congo Is Suing Apple

Energy News Beat Kinshasa has accused the tech giant of tainting supply chains with tin, tungsten, tantalum, and gold smuggled by Rwanda. By Nosmot Gbadamosi, a multimedia journalist and the writer of Foreign Policy’s weekly Africa Brief. Congo Accuses Apple of “Laundering” Minerals The world’s most valuable company, Apple, is being sued by the Democratic […]