Energy News Beat Oil Price U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by coordinated supply reductions. U.S. production growth is expected to continue into the new year, thanks to further gains in efficiency […]
Energy News Beat A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary. By Wolf Richter for WOLF STREET. The dream is, or was, that mortgage rates dropped enough in November and December to push potential home buyers out of their buyers’ strike and to […]
Energy News Beat Quantitative tightening powers along in the euro area. By Wolf Richter for WOLF STREET. Under the ECB’s QT program, kicked off in October 2022, total assets have plunged by €1.94 trillion, or by 21.9%, to €6.90 trillion, the lowest since November 2020, according to the ECB’s weekly balance sheet released today. This includes the €88-billion […]
Energy News Beat When wind turbine companies seek permission to harm sea life, reporters for The Associated Press blame The Heritage Foundation (where I work) and the Heartland Institute, instead of reporting the facts. It was a Chico Marx moment: “Who ya gonna believe, me or your own eyes? The misleading AP article—carried by WBTS-TV in Boston; The Daily Star newspaper of Oneonta, […]
Energy News Beat The 60th US presidential election, which will unfold in 2024, will be quite unlike any that has gone before as the US, and the rest of the world, braces for a contest amid fears of eroding democracy and the looming threat of authoritarianism. It will be a fight marked by numerous unwanted […]
Energy News Beat A new law in Seattle marks the latest in a wave of local efforts to electrify homes and other buildings. Under the city’s Building Emissions Performance Standard, signed into law last week, all existing commercial and multifamily residential buildings over 20,000 square feet will need to reach net-zero emissions by 2050. Meeting that target will […]
Energy News Beat Many Global South states were already struggling to deal with COVID-connected debt problems prior to the West’s anti-Russian sanctions worsening their food insecurity, so an energy price crisis on top of that could have pushed them over the edge into an uncontrollable polycrisis that would have also destabilized the West. A representative […]
Energy News Beat The following content is sponsored by the EnergyX What’s Inside a Lithium-Ion Battery? Winning the Nobel Prize for Chemistry in 2019, the lithium-ion battery has become ubiquitous and today powers nearly everything, from smartphones to electric vehicles. In this graphic, we partnered with EnergyX to find out how these important pieces of technology work. […]
Energy News Beat US LNG exporting giant Cheniere now plans to build two instead of three liquefaction trains as part of the Sabine Pass expansion project in Louisiana. Cheniere said the company is not reducing its growth ambition at Sabine Pass, and with this move it would achieve similar production with an optimized unit/cost footprint. […]
Energy News Beat Russian LNG exporter Novatek was granted Russian patents for a large-scale ammonia process and a large-scale pure hydrogen process based on ammonia cracking. The low-carbon ammonia process, which Novatek developed in cooperation with Russian design institutes, is based on steam reforming of natural gas, according to a statement by Novatek. Novatek said […]
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.
