Category: Energy News Beat

Gas-Addicted Europe Trades One Energy Risk for Another – The US is not reliable

Energy News Beat ENB Pub Note: Under the current administration, would you do business with the US? Energy Security is something that lives, and political careers depend on. Based on our track record, doing business with the US is unstable, and countries are moving to other, more reliable allies.  Rather than replace Russian fuel with […]

Guatemalan Ministry of Mines to review all mining licenses

Energy News Beat   ​[[{“value”:” The Guatemalan Ministry of Energy and Mines (MEM) will revise all decisions made in the recent past related to mining exploration, exploitation and export licenses. According to local media, the new head of the MEM, Víctor Hugo Ventura, announced the measure in response to multiple complaints regarding bribes, corruption and […]

US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace

Energy News Beat The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that current-dollar GDP, grew faster than the current-dollar debt, so that the […]

Trafigura assesses Red Sea risks after tanker attacked by Houthis

Energy News Beat DUBAI, Jan 27 (Reuters) – Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi group a day earlier. The U.S. military said a U.S. Navy ship and other vessels provided assistance […]

Jack Mintz: Canada’s EV strategy has cost $4 million a job

Energy News Beat ENB Pub Note: Hat tip to Tammy Nemeth with the Energy Realities podcast for the lead on the story. This is indicative on the collapse of the EV markets. Toyota and Ford will be the first to try to survive through hybrids. The losers are those who bought the Ford Lightning and […]

Daily Energy Standup Episode #295 – 2023’s Renewable Challenges, Hydrogen on the Horizon, and Unraveling Davos

Energy News Beat Daily Standup Weekly Top Stories 2023 – The Year The Renewables Bubble Burst January 20, 2024 Stu Turley In 2023. clean energy witnessed one of the toughest years in its short history. Supply chain issues, the energy crisis post Russia’s invasion of Ukraine and the ensuing ramp of interest rates and inflation hit […] […]

Britain steps up power purchases from EU countries – report

Energy News Beat [[{“value”:” Shortages have arisen as output of renewable energy has failed to compensate for the closures of coal and nuclear plants The UK purchased a record £3.5 billion ($4.4 billion) worth of electricity from EU countries last year as renewable energy failed to keep up with demand following shutdowns of coal and […]

Seizing Russia’s money would endanger euro – Italian central bank

Energy News Beat Tapping Russian assets frozen in the EU will bring harm to the single currency, the head of the Bank of Italy has warned Using the euro as a tool in sanctions wars and political disputes would harm the currency’s image and standing, Bank of Italy Governor Fabio Panetta warned on Friday. He […]

EPS orders two more LNG-powered PCTCs in China

Energy News Beat Singapore’s Eastern Pacific Shipping has ordered two more LNG-powered pure car and truck carriers from China Merchants Jinling Shipyard in Nanjing. CMJL (Nanjing) revealed the new order for two 7,000-ceu LNG dual-fuel PCTCs in a statement on Saturday. EPS now has 12 LNG-powered PCTS on order at CMJL (Nanjing), and it just […]

Biden Is on the Warpath Against New LNG Facilities – A global geopolitical disaster in the making

Energy News Beat IER Key Takeaways 1: The Department of Energy, which is responsible for issuing the export permits, is reassessing whether it is properly accounting for the climate impacts from proposed projects, as well as the national security and the domestic economic consequences. 2: U.S. LNG export capacity is expected to increase from around […]