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Energy, Stocks

“Exxon Said It Will Buy Back Even More Stock. Its Stock Is Gaining.”

“Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that by 2027 “upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million… Continue Reading…

Economy, Energy

“Gasoline is cheaper now than a year ago — and could fall below $3”

“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…

Energy

“Sky-High Electricity Is Biden’s New Pain Point Before Elections”

“For months now, high gasoline prices have been arguably the most visible political pain point for President Joe Biden. In most towns, they can be seen every few blocks on signs at filling stations. It’s the fundamental commodity Americans need… Continue Reading…

Energy

“Billionaires emit a million times more greenhouse gases than the average person: Oxfam”

“The investments of 125 billionaires produce 393 million metric tonnes of carbon dioxide emissions every year, according to a report by Oxfam. That’s the equivalent CO2 output to the whole of France and makes the average billionaire’s annual emissions a million times… Continue Reading…

Economy, Energy

“America is running out of diesel fuel. Here’s why it matters to consumers”

“While gasoline prices have moderated since hitting their record high in June, the price of diesel fuel has stubbornly remained above $5 a gallon. AAA’s daily fuel price survey puts the national average price at $5.30 a gallon, 43 cents… Continue Reading…

Economy, Energy

“Inflation triggers strikes across France…”

“They began weeks ago with refinery workers who went on strike to demand higher salaries, partly arguing that oil and gas companies have raked in profits from Europe’s soaring energy prices — a trend being driven by Russia’s war in… Continue Reading…

Cryptocurrencies

“Ethereum Blockchain’s Upgrade May Lead to Greater Institutional Adoption of Ether: Bank of America”

“…The notable reduction in energy consumption after the Merge may allow some institutional investors to purchase ether (ETH) for the first time – those who were barred from buying tokens that run on blockchains that use the PoW consensus mechanism,… Continue Reading…

Energy, Stocks

“Exxon and 3 Other Energy Stocks Whose Dividends Look Like They Can Weather Tough Times”

“… Durable Dividends These are among the energy companies in the S&P 500 that increased their dividends in consecutive years earlier in the pandemic. Company / Ticker Recent Price Recent Yield YTD Return Market Value (bil) Exxon Mobil / XOM… Continue Reading…

Energy

“Coal’s Skyrocketing Prices Could Last Years…”  

“The EU’s ban on Russian coal that begins this month will boost demand for imports from other countries like Indonesia and even Australia. Meanwhile, plans to replace Russian pipeline gas imports with liquefied natural gas shipments will leave less fuel… Continue Reading…

Banking

“IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving”

“The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying instead that consumers should bear the brunt of higher prices to encourage energy saving and aid the wider shift to… Continue Reading…