EVs, data centers, and air conditioning are driving electricity demand sky-high in the US, but the Department...
EVs, data centers, and air conditioning are driving electricity demand sky-high in the US, but the Department of Energy predicts that half of the new juice the country needs could soon be provided by people and businesses with smart technology. By discharging unused power back to the grid or limiting consumption, incentivized industrial customers and individual electricity consumers who use green tech (solar panels, smart thermostats, etc.) function as virtual power plants. This can be a cleaner and cheaper alternative to building centralized energy-producing facilities, and the DOE estimates that it’ll grow threefold by 2030.
EQT CEO places US LNG at center of energy transition
At a recent energy conference, EQT Corp. CEO Toby Rice advocated for an energy transition plan that involves...
At a recent energy conference, EQT Corp. CEO Toby Rice advocated for an energy transition plan that involves a global shift from coal to natural gas and eventually to zero-carbon energy, using US liquefied natural gas as a transitional tool. However, insufficient pipeline capacity, geopolitical risks, cybersecurity threats and inadequate energy education could undermine the industry's ability to keep up with demand, Rice said, warning of a potential "train wreck" of an energy crisis unless practical solutions prevail over political agendas.
Headwinds buffet US Gulf of Mexico's drilling future
US Gulf of Mexico oil production is approaching its highest level since 2019, but growing costs and risks...
US Gulf of Mexico oil production is approaching its highest level since 2019, but growing costs and risks due to the Biden administration's decision to reduce oil and gas leasing frequency, coupled with a slowdown in new oil discoveries, cast a shadow over the region's long-term growth. One way companies are responding to these hurdles is by purchasing leases in bulk, a pricey strategy that could have operators spending up to $100 million to secure a single block.
With the Fed’s aggressive rate hikes to curb inflation looking like they’ve finally come to an end...
With the Fed’s aggressive rate hikes to curb inflation looking like they’ve finally come to an end thanks to encouraging data on prices falling, investors are starting to look forward to when the central bankers start slashing rates again. But JPow sought to pour some cold water on the rate cut hype cycle during a speech at Spelman College yesterday, saying that it was too soon “to speculate on when policy might ease.” However, investors still think he’ll come around: Markets are putting the odds that the Fed will cut rates in March above 50% and are totally convinced it’ll happen by May, according to Bloomberg.
Rep. George Santos (R, NY-3) was expelled from Congress yesterday after the House voted 311-114 to oust the 35-year-old lawmaker. Santos is the sixth member of the House to be expelled in US history and the first to be removed without being convicted of a crime.
Former President Donald Trump is not immune from civil lawsuits over the January 6 riots at the Capitol, a federal appeals court ruled yesterday, saying that not everything a president does while in office is protected from liability.
Apple and Paramount are reportedly in talks about bundling their streaming services together.
The CDC warned against eating precut cantaloupe from unknown sources as it’s been linked to a deadly salmonella outbreak.
Food industry experts predict we’ll be enjoying lots of pickles, halloumi, and camel milk next year.
