Author: Erick Parel

Week Recap: From Biden Sanctions to EU Dilemmas

Energy News Beat Daily Standup Top Stories What do oil and gas exports mean to the Russian economy? How will the new Biden Sanctions play with President Trump’s negotiations? January 12, 2025 Clark Savage ENB Pub Note: The following article is an excellent summary from Alexandra Prokopenko and Alexander Kolyandr about what the oil and gas […]

Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression

Energy News Beat By Wolf Richter for WOLF STREET. Housing construction starts in 2024 split into two opposing dynamics: Starts of single-family properties rose to the second highest level since 2007, while multifamily starts (condos and apartments) plunged for the second year in a row, both years combined by 35%, from 2022, which had been the highest level […]

ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging

Energy News Beat By Wolf Richter for WOLF STREET. Services inflation in the 20 countries that use the euro accelerated to +4.0% in December, according to Eurostat today. This marks the 13th month in a row that the services CPI has been in the 4.0% range, roughly two to four times what prevailed before the pandemic (between +1% […]

The Western media is dying. What will take its place?

Energy News Beat Establishment media outlets have often resorted to dumbing down societies by reducing global events to shallow soundbites or clickbait that reinforces convenient stereotypes The moment has come to question the wisdom of continuing to battle a wounded but still formidable behemoth: Western corporate media. For decades, it has held an almost unassailable […]

EU consuming Russian LNG at record pace – Politico

Energy News Beat Shipments of the super-chilled fuel reportedly surged after pipeline gas transit through Ukraine stopped, the outlet reports The EU’s imports of liquified natural gas (LNG) from Russia surged at an unprecedented rate in the first two weeks of the year, Politico reported on Thursday, citing data tracked by commodities data provider Kpler. […]

Global diesel prices soar after latest US sanctions on Russia – Reuters 

Energy News Beat Prices have hit a five-and-a-half-month high amid fears of disruptions to supply, according to the outlet Global diesel prices and refining margins have surged following the latest round of US sanctions targeting Russia’s oil trade, driven by traders’ expectations of reduced diesel and crude supply, Reuters reported on Friday, citing analysts and […]

Trump’s Treasury nominee warns of US economic crisis

Energy News Beat   The middle class will face the largest tax hike in history unless cuts made during Trump’s first term are extended, Scott Bessent has said The US is headed towards an economic crisis by year’s end, Scott Bessent, US President-elect Donald Trump’s pick for Treasury secretary, has warned. During his Senate confirmation […]

Germany’s chancellor-in-waiting backtracks on nuclear

Energy News Beat   Chancellor hopeful Friedrich Merz has concluded a nuclear energy revival in Germany is unrealistic, despite his party’s long-standing criticism of the timing of the country’s nuclear phase-out. The front-runner to become Germany’s next leader after the February 23 elections, Merz has pulled back from a previous goal of restoring Germany’s nuclear […]

What Does Trump Want in Greenland?

Energy News Beat The U.S. president-elect’s threats could lead the autonomous Arctic island to negotiate new terms in its relationship with Denmark. By Regin Winther Poulsen, a multimedia journalist from the Faroe Islands. Few would have imagined that just over one month later, Trump Force One, the private family airplane of the soon-to-be most powerful […]

The Renewable Energy Reckoning: Challenges, Failures, and 2025 Policy Shifts

Energy News Beat In the Energy News Beat – Conversation in Energy with Stuart Turley talks with Steve Goreham about the key energy challenges for 2025, including rising electricity demand driven by AI, EV slowdowns, and grid capacity struggles, alongside potential policy shifts under the Trump administration. It critiques the environmental and economic viability of […]