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Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs. Threat level: The Middle East crisis has already pushed up oil… Continue Reading…

Business, Economy, Energy

“Volkswagen electric car sales plunge as Europe returns to petrol”

“Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol… Globally, all-electric sales at the owner of Audi, Skoda and Porsche dropped by 3pc to 136,400, while… Continue Reading…

Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…

Economy, Energy

“Oil Holds Above $90 After Middle East Tensions Push Brent Higher”

“…The global benchmark Brent earlier pierced $91 a barrel, before trading little changed. The focus has shifted to a dramatic repricing of geopolitical risk, after Israel increased preparations for a potential retaliation by Tehran to a strike on an Iranian… Continue Reading…

Economy, Energy

“No Money, No Purchases, China’s EV Firms in a Bloody Survival Battle, 70% of Brands to Vanish”

The scam is starting to fall apart. Smart companies are switching back to gas or hybrids. EV’s are a scam. Do not buy them. They are designed to destroy economies and control populations.

Economy, Energy

“The Coming Electricity Crisis”

“President Biden and the press keep raising alarms about a climate crisis that his policies can’t do much about. Yet in the meantime they’re ignoring how government climate policies are contributing to a looming electric-grid crisis that is more urgent… Continue Reading…

Economy, Energy

“8 states are planning to BAN the sale of gas-powered cars entirely – after Biden unveiled ambitious plans to phase them out by 2032”

“At least eight states are planning to ban the sale of new gas-powered cars in the next decade – and others are considering joining them. Only zero-emission vehicles can be sold in participating states beginning from the 2035 model year, according… Continue Reading…

Economy, Energy

“…USA is now producing more oil and gas than any nation ever has” [So why is gas so expensive?]

“The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably deserved more notice than it received given that it was… Continue Reading…

Energy

“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”

“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…

Energy

“Global Fuel Prices Are Surging With Supply Risks Ahead”

“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue…” https://www.yahoo.com/news/surging-gasoline-prices-add-inflation-021939727.html Plus… Continue Reading…