Category: Energy

Biden Cancels 80 Million Acre Oil Lease Sale, Putting Louisiana Oil And Gas Industry In Danger

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The devastating fallout of the Biden administration’s job-killing rampage continues after he canceled the sale of 80 million acres of Gulf of Mexico oil leases that was scheduled for Wednesday in New Orleans, as KLFY-TV in Lafayette, Louisiana, reported Monday…

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OP-ED: Get Ready for Nationwide Power Blackouts If Biden Wins

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The power & energy disaster unfolding in California will soon occur across the country, if Joe Biden gets his way. The Golden State has been sweeping away the forms of energy that have provided reliable electricity for decades, under the same agenda the former vice president is planning for America as a whole

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California Facing Largest Power Outages In Its History This Week

As California struggles to rebound from the coronavirus pandemic, wilting heat and wildfires, it’s facing another dangerous crisis: blackouts. As temperatures broke records across the state, California energy officials announced the first rolling blackouts in the state since 2001 and warned that the state was bracing for what could be the largest power outage it has ever seen, likely on Monday...

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Gemini $olar: A Billion-Dollar Vegas Boondoggle

On May 11, the Interior Department approved Gemini Solar, the largest solar power project in U.S. history. It is to be built by Arevia Power, a California-based energy group, with backing from Warren Buffet’s Berkshire Hathaway Inc. and Nevada’s energy utility NV Energy, a subsidiary of Berkshire Hathaway, which will be the customer for the project’s electricity. Gemini Solar will sit on 7,100 acres of public land, the size of 5,369 football fields, in the Mohave Desert, about 30 miles northeast of Las Vegas.

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Oil Bust: West Texas Crude Futures Price Turns Negative For First Time Ever

☆ Into The Unknown….

The crash in the price of an oil futures contract expiring Tuesday accelerated Monday, falling through $1 a barrel, all the way to one cent, and then turned negative.

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Bakken Shale Leader Whiting Petroleum Files For Bankruptcy

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☆ $20 Barrel Oil: A Bargain For Consumers, Challenge For Producers

Whiting Petroleum Corp., facing more than a quarter-billion dollar debt maturity, filed for bankruptcy Wednesday, perhaps the most illustrious of the shale explorers thus far humbled by an unforgiving rout in every corner of the oil business.

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Oil Climbs As U.S. Pushes For An End To The Russia/OPEC Price War

☆ Gas Prices Traditionally Rise On Summer Demand

Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil price war.

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Trump Orders Department Of Energy To Replenish U.S. Strategic Petroleum Reserves

Afternoon Thread Posts @ 14:00 PDT ?

☆ Safeguarding America’s Energy Independence

President Donald Trump announced during his press conference on Friday on the coronavirus outbreak that the United States will be replenishing its Strategic Petroleum Reserve (SPR) to ensure the nation’s energy security.

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France To Ban All Fracking & Drilling: Oil & Gas Output On National Soil In Symbolic Step To Combat Climate Change.

☆ Future Plans Also Include Eliminating Coal & Nuclear

France’s government has unveiled a law to ban all production and exploration of oil and natural gas by 2040 on the country’s mainland and overseas territories. The ban, which the government claims is a world first, is part of a larger plan to wean the country’s economy from fossil fuels, encourage clean energy and fulfill France’s commitments under the Paris Climate Agreement to curb global warming.

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