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Business

“Is Energy Transfer Still a Buy After Its Nearly 20% Rally?”

“…Energy Transfer is having a strong year. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 20% in the second quarter to almost $3.8 billion. Meanwhile, its distributable cash flow surged 32% to over $2 billion… Energy Transfer’s capital project… Continue Reading…

Energy

“U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain”

“…The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its gains for 2024. Oil prices settled more than 1% lower on Wednesday after U.S. job growth was revised significantly lower,… Continue Reading…

Energy

“U.S. crude oil falls to six-month low as market sells off on recession fears”

“U.S. crude oil closed below $73 per barrel, the lowest settlement since Feb. 5…” https://www.cnbc.com/2024/08/05/crude-oil-prices-today.html

Economy, Energy

“Oil Billionaires Bet on Trump’s Energy Agenda”

“As Donald Trump accepted the GOP presidential nomination last Thursday, he reminded the megawealthy coterie of oil tycoons backing him why he is their man. “We have more liquid gold under our feet than any other country by far, we are a… Continue Reading…

Energy

“Oil market ‘oversold’? Analysts and traders pin crude’s price plunge on demand, trading strategies”

“… …” https://www.cnbc.com/2024/06/05/oil-market-oversold-analysts-and-traders-on-crudes-price-plunge.html The cost of energy is going to keep going up over time not down. America needs to become energy independent. Then prices will not only fall but stay low.

Stocks

“Sam Altman’s nuclear energy company Oklo plunges 54% in NYSE debut”

“…On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman.… Continue Reading…

Business, Energy

“Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers”

“Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts… Continue Reading…

Energy

“AI-Driven Power Demand Is Set to Jump 900% in Chicago Area, Exelon CEO Says”

“…The demand surge wouldn’t be met immediately by more power generation. New data centers would initially be served by excess capacity already on the regional grid, imported electricity from other areas and then eventually by newly constructed sources, said Paul… 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

“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…