Category: Energy

Posted on by in California, Economy, Energy, News, Victor Davis Hanson

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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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Posted on by in Energy, News, Victor Davis Hanson

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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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Posted on by in Economy, Energy, News, Victor Davis Hanson

☆☆☆ THE ALL NIGHTER ☆☆☆

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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

Posted on by in Economy, Energy, Morning Thread, News

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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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Posted on by in Energy, International, Victor Davis Hanson

☆☆☆ THE ALL NIGHTER ☆☆☆

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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

Posted on by in Economy, Energy, Government, News, Trump

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☆ 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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Posted on by in Climate, Cultural Marxism, Energy, International, News

☆☆☆ THE ALL NIGHTER ☆☆☆

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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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Natural Gas is Crushing Wind & Solar Power and the Left Isn’t Happy

Posted on by in Economy, Energy, News

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☆ The US Has More Than 500 Trillion Cubic Feet Of Known NG Reserves

The U.S. Energy Information Administration just announced some spectacular news that should be banner headlines across the country: The price of natural gas has fallen to its lowest February level in 20 years. The data shows that natural gas prices fell to $1.77 per million British thermal units. In inflation-adjusted terms, the price of gas has plunged by some 80% since its high of $13.60 12 years ago. The price is down 90% since 2005, when prices hit nearly $20. (Quick: Can you think of anything else that now costs one-tenth of what it did 15 years ago?)

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