Energy News Beat BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures. BP is increasing oil and gas spending by 25% and Shell is prioritizing LNG growth. U.S. supermajors stayed the course and are now outperforming. Ever since BP admitted that its attempt to go green had […]
Energy News Beat Wolf Richter with Adam Taggart on Thoughtful Money. Recorded on March 20. Here is one of my articles, published on March 14, that discusses in detail what I talked about in the interview… “We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go? Read: Will […]
Energy News Beat President Trump is using the threat of tariffs to pressure countries to increase their imports of U.S. LNG. Several countries, particularly in Asia, are responding by pursuing new LNG deals with the U.S. to avoid trade penalties. While some nations are complying, others, like the EU, are exploring diversifying their LNG sources […]
Energy News Beat In Europe, firms face lawsuits for not being green enough, while in the U.S., banks and asset managers are sued for pushing climate goals too hard. The biggest bank in the Netherlands is being sued for not taking strong enough action to tackle climate change, it was told on Friday, as corporate […]
Energy News Beat The judge ruled the 2023 Gulf lease sale violated environmental law by ignoring climate, CO2 emissions, and whale impacts. A federal district judge has issued a ruling against a Gulf [oil and gas] lease sale conducted by the Biden administration in 2023, saying the Interior Department was in violation of the […]
Energy News Beat California’s high-speed train faces more delays without billions in new funding as costs soar past $100B with no clear end in sight. California’s oft-delayed and over-budget high-speed rail project will need billions of dollars in additional funding by the summer of 2026 to avoid being postponed further, according to local Sacramento […]
Energy News Beat A new poll shows most registered voters prioritize U.S. energy independence over fighting climate change, with a sharp partisan divide. More than half of registered voters rate making America energy independent higher than the fight for climate change, according to a new poll by Napolitan News Service. [emphasis, links added] According […]
Energy News Beat Weekly Daily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies […]
Energy News Beat Greed may not kill, but it does have a way of clouding one’s judgment. By John E. McNellis, at real estate developer McNellis Partners: This is a true story. A well-to-do investor—let’s call him Sam—owns a charming three-story brick office building in a city that was once the envy of America. His building is […]
Energy News Beat Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation. By Wolf Richter for WOLF STREET. The inflation measure released today – the PCE price index favored by the Fed as yardstick for its inflation target – dished up […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
