Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

By Charles Kennedy – Jun 24, 2022, 11:00 AM CDT Biden puts on Thursday with industry leaders to boost offshore wind capacity. Oil refiners, in the meantime, were summoned to meet with Secretary Granholm. Granholm’s meeting with US refiners didn’t lead to any commitments from either side. US President Joe Biden met on Thursday with … Read more

Texas Turns To Renewables As Electricity Demand Soars To Record Highs

Texas Turns To Renewables As Electricity Demand Soars To Record Highs

Texas is sweating out a massive heat wave unusually early in the year – and sweating potential blackouts as all those air conditioning units put extra strain on the state’s infamously fragile grid. Already, before the hottest months of the year have even hit, Texans have annihilated previous records for all-time high electricity demand, surpassing … Read more

Shell Is Looking To Shake Up The Energy Game In Texas

Shell Is Looking To Shake Up The Energy Game In Texas

For years now, we have seen a growing divide between oil supermajors in Europe and the United States, as Big Oil has split into two factions on opposite sides of the Atlantic over what to do in response to climate change and increasing global calls for decarbonization. As climate activists grow louder and policymakers ramp … Read more

Fossil Fuels Aren’t Going Away Anytime Soon

Fossil Fuels Aren’t Going Away Anytime Soon

Calls for the end of all investments in new oil and gas production, protests demanding the immediate suspension of oil production, and denunciatory reports from environmental NGOs slamming banks for still financing fossil fuels have become fixtures of today’s life in the West. But fossil fuels are going nowhere, at least in the observable future. … Read more

The Oil And Gas Industry Is Booming Despite Net-Zero Ambitions

The Oil And Gas Industry Is Booming Despite Net-Zero Ambitions

Both the European Union and the United States are firmly on the path to a net-zero economy. This much has been made clear by officials from both sides of the Atlantic despite the EU’s hunt for more gas and the Biden administration’s calls for more oil production. Yet before net-zero is achieved—if it is ever … Read more

High Prices Make Oil And Gas Much More Appealing To Big Banks

High Prices Make Oil And Gas Much More Appealing To Big Banks

Banks have been actively seeking ways to distance themselves from the oil and gas industry in recent years under growing pressure from pro-energy transition activists. Their efforts have been quite productive, too, with funding of renewable energy loans rising significantly. But the tables are turning as fossil fuel prices soar in the face of tight … Read more

Environmentalists Are Crushing Europe’s Energy Independence Ambitions

Environmentalists Are Crushing Europe’s Energy Independence Ambitions

Europe is not going to achieve a competitive energy transition with the current interventionist policies. Europe does not depend on Russian gas due to a coincidence, but because of a chain of mistaken policies: banning nuclear in Germany, prohibiting the development of domestic natural gas resources throughout the European Union, added to a massive and … Read more