Energy News Beat Well, if Bill Gates and Larry Fink, the CEO of the world’s largest ESG fund, both say that climate change won’t kill us and that oil and gas investing is ok, what changed? Let’s table that thought. ; Michael and I have been inundated with oil and gas deal evaluation requests. We […]
Energy News Beat Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out. By Wolf Richter for WOLF STREET. Tesla’s Model Y was the #2 bestseller in the US in 2023 through Q3, with a market share of 2.5% of all new light vehicles sold, […]
Energy News Beat Global players may decide that the organization is too Western dominated and look for a new arrangement in the 21st century The world has entered a period of qualitative change that will irreversibly alter the structure of the international system and usher in a new format for international affairs. Over the past […]
Energy News Beat Washington and its allies are seeking to impede Moscow’s economic activity in the region, Nikolay Yevmenov has said Russia is facing a growing security threat in the Arctic, the nation’s Navy commander, Admiral Nikolay Yevmenov, said on Thursday. The threat is particularly linked to the “growing foreign presence” in the region owing […]
Energy News Beat Two U.S. energy giants, ExxonMobil and Chevron, have disclosed their capital investment expectations, encompassing oil and gas plays, which go shoulder to shoulder with emission-reduction solutions, as these oil majors are no strangers to the uncertainly that surrounds the energy transition and low-carbon landscape. As a result, they are taking a shot at […]
Energy News Beat The House voted Wednesday evening in favor of legislation striking down federal regulations targeting gas-powered vehicles which, according to the White House, are designed to “accelerate the transition to electric vehicles.” In a 221-197 vote, the House approved the Choice in Automobile Retail Sales (CARS) Act with 216 Republicans and five Democrats voting in favor. A […]
Energy News Beat Chevron will allocate $14 billion for upstream investments in 2024, the company said in a budget update that saw the total capex planned for 2024 at between $18.5 billion and $19.5 billion. That would be an 11% increase on 2023 spending, Reuters noted in a report on the news. Of the amount dedicated to upstream investment, […]
Energy News Beat The International Energy Agency said in its recent oil report that oil consumption is close to peaking, thanks to transition efforts and energy efficiency gains. Goehring and Rozencwajg: In 12 of the past 14 years, the IEA has underestimated oil demand by an average annual of 820,000 barrels per day. Goehring and […]
Energy News Beat Kristalina Georgieva, a Bulgarian economist who serves as the managing director of the International Monetary Fund, said Monday that the IMF wants to see countries implement punishing new carbon taxes to “fight climate change.” She delivered her dire message at the United Nations COP28 climate summit, where globalists in attendance flew in […]
Energy News Beat Despite well over $1 trillion so far spent by governments on “green energy,” the iShares Global Clean Energy E.T.F., an exchange-traded fund that tracks the entire industry, is down more than 30 percent this year. Further, since the start of 2021, the fund has lost more than 50 percent. The portfolio of the iShares Global Clean Energy […]
