Energy News Beat Battery electric car sales increased by 10.8% in August due to summer discounts and new models. This growth raised the market share of electric cars to 22.6%. Sales of petrol and diesel cars dropped by 10.1% and 7.3%, respectively, but these cars still made up 56.8% of new car registrations. Sales of […]
Energy News Beat A new paper finds ocean temperatures, not human-made carbon dioxide emissions, are the primary drivers of atmospheric CO2 changes. Another day, another new scientific paper has been published reporting efforts to curb anthropogenic CO2 emissions are “meaningless.” [emphasis, links added] In this study, multiple linear regression analysis was performed comparing SST versus […]
Energy News Beat Daily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged […]
Energy News Beat HOUSTON, Sept 4 (Reuters) – Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply increases. Brent crude futures settled down $1.05, or 1.42%, to $72.70 a barrel. U.S. West Texas Intermediate […]
Energy News Beat HOUSTON, Sep. 04 /BusinessWire/ — Crescent Energy Company (NYSE:CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator for total cash consideration of $168 million, subject to customary purchase price adjustments. The acquisition is directly offset Crescent’s existing Central Eagle […]
Energy News Beat The financial dimension of the Russian-Indian Strategic Partnership is qualitatively evolving as a result of the fast-moving multipolar processes that were unleashed across the world by the Ukrainian Conflict. Russia and India are decades-long strategic partners whose contemporary relations are driven by the shared desire to accelerate tri-multipolarity processes amidst the global […]
Energy News Beat China has restricted exports of key rare metals like antimony, causing prices to surge; antimony prices have reached record highs of over $25,000 per tonne. Antimony is vital for military, automotive, and solar applications, with China producing nearly half of the global supply. Western rare earth producers face challenges due to China’s […]
Energy News Beat PJM Capacity Prices Rising Fast Capacity prices in PJM soared in the recent capacity auction. (See my post Ten times as expensive at PJM.) The price rise will be reflected in higher bills for consumers. Consumer bills will not go up by a factor of ten, because capacity prices are only part of […]
Energy News Beat For years, California has received extensive press coverage for its high cost of living and the most expensive electricity and fuel prices in America. California’s increasingly high cost of living, housing, and transportation, coupled with an increase in crime, smash-and-grab robberies, homelessness, pollution, and congestion, has caused many people and companies to […]
Energy News Beat The combined crude oil exports from Saudi Arabia, Russia, and the United States fell by nearly 700,000 barrels per day in August. The decline was primarily driven by a drop in U.S. exports, followed by Saudi Arabia and Russia. Tightening U.S. crude supplies and rising domestic demand in Saudi Arabia contributed to […]
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.
