35 articles
The U.S. is solidifying its position as an energy superpower, with record oil and gas production driving economic growth and offering a significant advantage over Europe. This dominance stems from technological innovation and favorable domestic pricing.
Diesel prices in San Francisco have reached an unprecedented $8 per gallon, shocking drivers. An investigation found no evidence of illegal price gouging by oil companies, suggesting refinery shutdowns and state policies are the main culprits. California's high gas taxes and strict regulations are cited as major drivers of the cost.
A $1 billion U.S. taxpayer bribe reportedly steered French company Total Energies from building wind farms to drilling for natural gas in Texas. This move faces criticism for potentially harming the environment, distorting energy markets, and contradicting the interests of domestic fossil fuel companies.
A debate rages over new North Sea oil and gas fields, pitting economic benefits and jobs against urgent climate action. Labour MP Henry Tuffnel argues for domestic production citing jobs and security, while climate expert Tom Burke calls for a faster shift to renewables. Energy Secretary Ed Milliband faces mounting pressure to decide the fate of the Rosebank and Jack fields.
Slovak Prime Minister Robert Fico is accused of misrepresenting the economic impact of sanctions against Russia. Critics argue his statements blame Ukraine for the EU's energy policy shift, ignoring Russia's aggression as the root cause. Calls for an independent assessment of energy infrastructure are growing.
The Iran war is not only impacting oil prices but also creating a severe fertilizer shortage that could lead to global food shortages this winter and spring. While temporary fuel waivers offer minor relief at the pump, the diversion of farmland for ethanol production and the disruption of fertilizer supply chains pose greater threats to global stability.
Global energy giant Total Energies is abandoning nearly $1 billion in U.S. offshore wind leases, redirecting funds to natural gas development in Texas. The company cited high costs and potential impacts on consumer energy prices as key reasons for the shift. This decision has drawn support from some groups and raises questions about the future of wind energy in the U.S.
UK politics is facing a turbulent period, with a controversy over MP Morgan McSweeney's phone raising questions about transparency and trust. Meanwhile, Labour leader Keir Starmer could face a historic leadership challenge, while the party grapples with internal divisions over North Sea drilling. Economically, the government is shifting towards targeted support, and international attention is on Iran's nuclear program.
Oklahoma Governor Kevin Stitt has appointed energy executive Alan Armstrong to fill a temporary US Senate seat. Armstrong, CEO of natural gas firm Williams Companies, will serve out the remainder of Mark Wayne Mullin's term. His appointment highlights ongoing debates about energy policy and the influence of industry leaders in government.
Concerns are mounting over Donald Trump's public statements and behavior amidst escalating tensions with Iran. Reports indicate low troop morale due to unclear objectives, while Trump's recent erratic remarks and apparent physical struggles have fueled widespread questions about his fitness for leadership during a critical geopolitical moment.
