Category: Energy News Beat

With Trillions at Stake, the Cleaving Is Becoming Tenuous

Energy News Beat When I say the cleaving is becoming tenuous, do not take that expression to indicate the Western global alliance will back down, they will not.  However, as the fracturing of the global economic systems cleave into two very distinct formations, the citizens forced to live in the Western control system are going […]

The Strait of Hormuz is the world’s most important oil transit chokepoint

Energy News Beat The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world’s most important oil chokepoint because large volumes of oil flow through the strait. In 2022, its oil flow averaged 21 million barrels per […]

Predictions in anti-fracking ‘Gasland’ fail to come true nearly 14 years after documentary released

Energy News Beat Nearly 14 years after “Gasland” was released, numerous studies have contradicted its claims about fracking, and its dire predictions didn’t come to pass. Despite dozens of studies that dispel those claims, proponents say anti-fracking activists is based on ideology and not science. The Oscar-nominated and Emmy-winning documentary Gasland is often credited with spawning the movement […]

Renewables alone won’t power Africa’s energy needs

Energy News Beat Despite Africa’s monumental fossil fuel and renewable energy potential, it faces high energy poverty levels, according to a new report. And while efforts to shift to clean energy in Africa are positive – with several countries taking advantage of the enormous renewable energy potential – these efforts need to be coupled with the […]

Big Oil has a place in ESG funds, says Deutsche Bank CIO

Energy News Beat Sustainability funds should be able to hold traditional energy shares because excluding them is denying investors one of the best ways to bet on a shift to renewable energy, a senior ESG executive at Deutsche Bank’s Private Bank said on Tuesday. Fossil fuel stocks have boomed since Russia’s invasion of Ukraine in […]

Ghana energy transition plan faces roadblocks: experts

Energy News Beat Ghana has unveiled an energy transition and investment plan worth $550 billion, but it faces significant challenges like integrating renewable energy sources, raising public awareness, and attracting sufficient funding, experts told Gas Outlook. The recent National Energy Transition Framework (NETF) paved the way for more specific and practical strategies within Ghana’s Energy Transition and Investment Plan. NETF […]

Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise

Energy News Beat DETROIT – Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs. Ford executives including CEO Jim Farley and Chair Bill Ford initially announced the facility in February. It quickly became […]

Low North American natural gas prices: a global oddity that brings a massive but impermanent competitive advantage

Energy News Beat Is there any critical industrial material as bizarre as natural gas? The stuff holds almost zero interest for the general public, for the same reason no one is interested in the sound of a washing machine. Both boring. Both ubiquitous. Natural gas isn’t even sold on Amazon. But forty-six percent of American […]

The slow demise of green energy?

Energy News Beat The wheels are starting to fall off the green energy bandwagon. The rose-colored glasses are clearing up and reality is sinking in. The giant push toward a net zero utopia is not practical and has been a complete disservice to the American consumer. Components of the green movement are experiencing major setbacks, namely […]

US to announce global nuclear fusion strategy at COP28

Energy News Beat WASHINGTON, Nov 20 (Reuters) – The U.S. will lay out the first international strategy to commercialize nuclear fusion power at the upcoming UN climate summit in Dubai, U.S. Special Envoy on Climate Change John Kerry will say on Monday, two sources familiar with the announcement said. Fusion could have an important advantage […]