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 […]
Energy News Beat 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 amid fragile demand and plentiful supplies. Key coalition members likely won’t go ahead with the scheduled hike of 180,000 barrels […]
Energy News Beat Drought has hit Schleicher County hard. Lots of the stock tanks are dry. The only plants that appear to be thriving on this part of the Edwards Plateau are scrawny mesquite trees and the ever-present prickly pear cactus. As we turned onto County Road 339, the clouds of dust from the unpaved […]
Energy News Beat Daily Standup Top Stories Amazon claims to power all its operations with renewable energy. If only that were true. July 29, 2024 Mariel Alumit When Amazon announced this month that it had achieved 100% renewable energy seven years ahead of schedule, that sounded like really good news for Virginia. Amazon owns more data centers here […]
Energy News Beat Some very big and important things are happening in the world, and it seems that we’re not paying attention at all. We are becoming so fixated on the simple, the sensational, that we’re not noticing the storm clouds. Now, to be clear, the ballistic winging of a high-level American politician is most […]
Energy News Beat Capital Metro is slamming the brakes on an ambitious goal of transitioning to an all-electric bus fleet, citing problems with the range of battery-electric buses. Austin voters were promised a transit system with exclusively electric vehicles when they authorized a tax increase in 2020 to fund Project Connect, the largest transit expansion […]
Energy News Beat Oil and petroleum-based products are indispensable in the process of increasing electrification and expansion of power grids globally, OPEC Secretary General Haitham Al Ghais said on Monday, noting that the energy mix is not a zero-sum game. The head of OPEC criticized claims that there would be only one winner in the […]
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.
