Category: Energy News Beat

Wall Street has discovered what’s really driving U.S. stocks higher in 2023. The explanation isn’t as simple as one might expect.

Energy News Beat As the year draws to a close, stock-market professionals can recite a litany of explanations for why the U.S. market has marched higher this year. But a group of Wall Street strategists believe chalking up the equity market’s gains to signs that the U.S. economy is heading for a “soft landing,” or […]

EU to be left holding the baby as US plans Ukraine exit

Energy News Beat Europe must decide whether to stick with America, which is set to drop the war in Ukraine, or revert to China as continent faces social unrest and economic stagnation Writing about the relationship between the European Union and the United States over the Ukraine war, I am reminded of a sexually suggestive […]

Cop’s pledge to move away from fossil fuels is a farce

Energy News Beat So, a deal has been reached. The world has agreed on what Cop 28 president Sultan al-Jaber has called a ‘robust action to keep 1.5 Celsius in reach’. The world is to ‘transition away’ from fossil fuels. And meanwhile, back in the real world? If the world really had just made a meaningful commitment […]

3 Rivers Energy Partners to Transform Jim Beam Distillery Byproduct into RNG and Fertilizer

Energy News Beat 3 Rivers Energy Partners has introduced a sustainability project where its facility in Boston, Kentucky will utilize anaerobic digesters to process spent distillers grains from Beam Suntory’s adjacent Booker Noe Distillery, which produces Jim Beam, to generate renewable natural gas (RNG) to power the distillery. The project will help the Booker Noe Distillery to […]

BRICS and the Resistance Axis: a convergence of goals

Energy News Beat MOSCOW – Last week, Russian President Vladimir Putin made a notable pit stop in the UAE and Saudi Arabia to meet, respectively, Emirati President Mohammad bin Zayed (MbZ) and Saudi Crown Prince Mohammad bin Salman (MbS) before flying back to Moscow to meet Iranian President Ebrahim Raisi. The three key issues in […]

Biden Plans to Buy Some Oil for the Emergency Reserve, But Not Too Much

Energy News Beat IER Key Takeaways 1:After draining 180 million barrels of oil to get gas prices down before the 2022 elections, President Biden is beginning to add small amounts of oil to the Strategic Petroleum Reserve. 2: The Department of Energy (DOE) raised the price that it is willing to pay up to $79 […]

Russian GDP growth to hit 3.5% – Putin

Energy News Beat 14 Dec, 2023 09:38 HomeBusiness News The president has praised the country’s economic performance in his annual address The Russian economy has shown strength and stability in the face of outside pressure, with GDP expected to reach 3.5% this year, President Vladimir Putin stated on Thursday. According to Putin, who is holding […]

LNG Canada CEO: start-up activities will take more than a year to complete

Energy News Beat Shell’s LNG Canada project is now preparing to launch start-up activities next year and this program will take more than a year to complete, according to LNG Canada’s CEO, Jason Klein. Contractor JGC Fluor is constructing the first phase of the giant LNG Canada project that includes two liquefaction trains with a […]

COP28 deal underscores U.S. offshore industry’s “pivotal role” in global energy transition

Energy News Beat World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: Source: World Oil “The goals set by COP28 underscore the pivotal role of the American offshore industry in achieving the objectives […]

Electric Vehicles Are Less Reliable than Conventional Cars

Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Despite the Biden Administration arguing that electric vehicles are more reliable, Consumer Reports analyzed consumer data showing EVs trail conventional vehicles significantly. 2 EV owners suffer from 79 percent more reliability issues than gasoline or diesel vehicles. 3 Plug-in hybrids are even worse, […]