Energy News Beat (Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil Corp. didn’t join in. At issue is a Global Flaring and Methane Reduction Partnership that will be […]
Energy News Beat Gold prices notched another record to kick off the week — with spot prices touching $2,100 an ounce as the global rush for bullion appears set to continue. Spot gold briefly traded above $2,100 an ounce on Sunday evening in New York, setting a new all-time high. Gold futures hit an intraday record of $2,152.30. Gold prices […]
Energy News Beat Electric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. When Scott MacFiggen’s neighbor backed into his Rivian R1T pickup truck last summer, the vehicle was left with a dent the size of a bowling ball under a rear taillamp. MacFiggen […]
Energy News Beat Nothing exposes the fake nature of world environmentalists better than the annual pilgrimage of supposed defenders of the Earth to UN climate conferences. This year’s conference (COP 28) is kicking off in the United Arab Emirates (UAE) and a record-breaking 70,000 delegates are flying there to live in opulence for two weeks […]
Energy News Beat The consultative referendum was held amid a century-old dispute for land and newly discovered offshore hydrocarbons Voters in Venezuela have overwhelmingly backed their government’s position on a territorial dispute with neighboring Guyana, the country’s National Electoral Council has reported. The row stems from the US border arbitration more than a century ago, […]
Energy News Beat The European Union appears undeterred by years of calamitous climate policies, with EU Commission Chief Ursula von der Leyen demanding new taxes and other schemes to take green agenda investment into the “trillions”. Leaders from around the world descended (many of whom on private jets) upon the oil-rich Arabian nation of Dubai for […]
Energy News Beat The Critical Minerals to China, EU, and U.S. Security Governments formulate lists of critical minerals according to their industrial requirements and strategic evaluations of supply risks. Over the last decade, minerals like nickel, copper, and lithium have been on these lists and deemed essential for clean technologies like EV batteries and solar […]
Energy News Beat America’s national debt is currently closing in on a staggering $33.74 trillion. And according to Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, that number may continue to rise — quite rapidly. “We are at a point in which we are borrowing money to pay debt service,” he said in […]
Energy News Beat Compromise within the bloc is reportedly being hampered by the rise of far-right parties in Europe and the financial crisis in Germany Disputes over the EU’s joint budget could leave Ukraine without €50 billion ($54.3 bln) promised by the bloc, the Financial Times reported on Sunday. Agreement is being hampered by the […]
Energy News Beat A bid to take over Australian energy firm and APLNG shareholder, Origin, by a consortium consisting of Canada’s Brookfield Asset Management and a unit of US-based energy investor EIG has been rejected after failing to secure the 75 percent majority required. Origin said in a statement on Monday that 68.92 percent of […]
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.
