Energy News Beat In a sharp rebuke that underscores the Trump administration’s “maximum pressure” doctrine, President Donald Trump has rejected Iran’s latest peace proposal as “totally unacceptable,” signaling that backchannel talks remain deadlocked and energy markets could face renewed volatility. The rejection comes amid a fragile ceasefire that has held since early April 2026 but […]
Energy News Beat The U.S. nuclear fleet has seen dozens of reactors permanently shut down over the decades, driven by economics, aging infrastructure, regulatory decisions, and events like the 1979 Three Mile Island accident. As of 2026, the country operates around 94 commercial reactors with roughly 97 GW of net capacity. However, more than 40 […]
Energy News Beat ENB Pub Note: This article was originally run on David Blackmon’s Substack, and we highly recommend subscribing. Ethonal needs to go away and have an organized move out of the market. This needs to be shut down, as it is worse for the environment, and ruins cars and shortens their useful life. […]
Energy News Beat San Antonio is at the center of Texas’ booming data center surge, driven by AI and hyperscale computing. Roughly two dozen facilities in far western Bexar County already draw about 324 megawatts (MW) from CPS Energy. Projections show new centers could add another 2,700 MW by the end of 2028 and push […]
Energy News Beat On May 8, 2026, an explosion and fire rocked the Chalmette Refinery in Chalmette, Louisiana, just east of New Orleans. Operated by PBF Energy, the facility processes roughly 185,000–190,000 barrels per day (bpd) of crude into gasoline, diesel, jet fuel, and specialty products. The incident occurred around 12:50–1:00 p.m. CDT in an […]
Energy News Beat In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down […]
Energy News Beat A massive hyperscale data center complex proposed for rural northern Utah has sparked intense debate among scientists, environmental groups, and local residents. Dubbed the Stratos Project, the development—backed by “Shark Tank” investor Kevin O’Leary—could become one of the largest data centers in the United States. Located in Hansel Valley in Box Elder […]
Energy News Beat Have you ever seen one of my favorite movies, Groundhog Day? I feel like that right now as we are trying to report on the global energy crisis, and daily it is the Strait is open, ….closed,,, open,,, closed, …. Dolphins, removing mines,,,, clear ,,, wow. Ok, and Jeff, yes, AI thought […]
Energy News Beat Devon Energy Corporation (NYSE: DVN) has launched an aggressive $8 billion share repurchase program just hours after completing its all-stock merger with Coterra Energy, signaling strong confidence in the newly enlarged company’s cash-flow generation and long-term financial strength. The board-approved authorization, which represents nearly 15% of the combined company’s current market capitalization, […]
Energy News Beat Houston, TX – May 10, 2026 – Cheniere Energy, Inc. (NYSE: LNG), the largest U.S. LNG exporter, delivered a blockbuster update in its Q1 2026 earnings release. The company not only posted record LNG export volumes but also raised its full-year 2026 financial guidance, citing higher production forecasts, stronger market margins, and […]
