#ENERGY News

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Biden Can Learn Some New Lessons From America’s Oldest Ally

washingtonpost.com French President Emmanuel Macron is in Washington this week to meet with his US counterpart, have a state dinner and accept an award on behalf of the baguette. But France…

Janet Yellen blames Americans' 'splurging' for record-high inflation

foxnews.com Treasury Secretary Janet Yellen blamed consumers' excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday. The Biden official…

Biden enters a new type of tango with Paris

politico.com Biden enters a new type of tango with Paris The president is set to reaffirm America’s oldest alliance. But below the surface, repair work is needed. The smiles will be…

Euro zone banks not facing up to reality of downturn, ECB says By Reuters

investing.com FRANKFURT (Reuters) - Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors will need to force them to be more…

White House weighs future release of emergency heating, crude oil reserves as winter nears

cnbc.com Industry heating oil inventories have risen slightly in recent weeks, now sitting about 10% below the five-year average, according to Energy Information Administration. -…

Rishi Sunak Is Full of the Wrong Kind of Wind

washingtonpost.com The setting couldn’t be better. In the face of an energy attack from Russia, Europe is trying to move as fast as possible into renewable energy. Climate change is a top…

Germans spending less as soaring power, food costs gnaw finances By Reuters

investing.com By Mathis Richtmann BERLIN (Reuters) - For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh,…

Germans spending less as soaring power, food costs gnaw finances

reuters.com Summary - Germans consuming less as inflation bites - More worried about personal finances than French - State support arriving, but will it work? BERLIN, Dec 1 (Reuters) -…

3 Cheap Energy Stocks to Buy Right Now

fool.com The energy industry has come to life in 2022 as investors have flocked to companies that generate revenue from making physical goods and extracting commodities. It hasn't…

3 Top Energy Stocks to Buy Right Now

fool.com Many investors had a rough go of it so far in 2022. Inflation and rising interest rates weighed on stocks, with the S&P 500 index down 17% year to date. But one industry is…

Back online: the retired gas storage site now able to power 1m homes

theguardian.com “Do you hear that?” asks Chris O’Shea, putting a finger in the air and looking out over a tangle of pipes and workers in orange hi-vis overalls. A deep whirr punctures the…

New York and Singapore top the list of world’s most expensive cities in 2022

theguardian.com New York was the world’s most expensive metropolis in 2022, sharing the unwanted title with Singapore, as soaring energy prices doubled the inflation rate across the major…

General Electric sets details of healthcare division spin-off

foxbusiness.com General Electric has announced the details of its healthcare division spinoff set for the beginning of the new year. The soon-to-be-public company is being valued at roughly…

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

bitcoin.com Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on…

Cost of living: The restaurants shrinking their menus to survive

bbc.co.uk "We've had to slash our menu just to survive," says Claire Riddleston, manager of the Green Room restaurant in Colchester. Pies and burgers have faced the chop, as the firm…

Lukoil resumes talks with US buyout group to sell Italian refinery

ft.com Crossbridge Energy negotiating deal with Russian company for as much as €1.5bn but Rome seeks more time to close

Eased US sanctions on Venezuelan oil provide weak supply boost

ft.com Shift in policy towards Maduro government comes amid talks with opposition and global energy crunch

In new role as G-20 chair, India set to focus on climate

apnews.com BENGALURU, India (AP) — India officially takes up its role as chair of the Group of 20 leading economies for the coming year Thursday and it's putting climate at the top of…

Wednesday, November 30. Russia’s War On Ukraine: News And Information From Ukraine

forbes.com Dispatches from Ukraine. Day 280. As Russia’s attack on Ukraine continues and the war rages on, reliable sources of information are critical. Forbes gathers information and…

Volkswagen CEO says building EV batteries in Europe 'practically unviable' due to soaring energy costs

foxbusiness.com Volkswagen’s CEO warned this week that manufacturing batteries for electric vehicles in the European Union will be "practically unviable" if leaders fail to rein in…

Heineken Plans to Raise Beer Prices as Ingredient, Energy Costs Surge

bloomberg.com Heineken Plans to Raise Beer Prices as Ingredient, Energy Costs Surge Bloomberg

Companies Like Amazon Are Buying Clean Energy

forbes.com The need for oil and gas has never been so clearly defined as in 2022. Recovery from the pandemic started it. The Invasion of Ukraine by Russia that pushed European nations…

Money, Bitcoin and Time: Part 2 of 3

medium.com Money, Bitcoin and Time: Part 2 of 3 A synthesis of perspectives from many prolific thinkers, this 3-part essay will cover the following topics in sequence: · Bitcoin — its…

U.S. Inflation Reduction Act 'super aggressive,' Macron tells lawmakers By Reuters

investing.com By Michel Rose and Jeff Mason WASHINGTON (Reuters) -French President Emmanuel Macron addressed U.S. lawmakers from both political parties on Wednesday and pushed back over…

Up More Than 300%: 3 Monster Growth Stocks Flying Under the Radar

yahoo.com For the past couple of months or so, the markets have mostly been trending upwards. However, such has been the strength of 2022’s inflation-driven/interest-rate-hiking…

Inflation in Europe drops for the first time in 17 months

cnn.com For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November, according to the first look at official data for the 19…

Woodside continues to look for ways to expand in Gulf of Mexico By Reuters

investing.com MELBOURNE (Reuters) - Woodside (OTC:WOPEY) Energy Group, Australia's top independent gas producer, is continuing to hunt for opportunities to expand in the Gulf of Mexico…

Why energy firm Bulb's collapse may cost you £200

bbc.co.uk Energy firm Octopus Energy is on track to buy collapsed rival Bulb which is being run by administrators after being bailed out by taxpayers. You may not be one of Bulb's 1.6…

Paying for the basics is pushing people into debt, charity says

bbc.co.uk People are slipping further into debt to pay for basics like rent and bills, Citizens Advice has warned. Half of the charity's debt assessment clients have a negative budget…

Inflation Finally Cools in the Eurozone

fool.com For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every…

China And India Are Buying Russian Crude At A 40% Discount

zerohedge.com China And India Are Buying Russian Crude At A 40% Discount By Alex Kimani of OilPrice.com The European Union on Friday once again failed to reach an agreement on a price cap…

Three Letters That Will Make Your Company More Successful and Sustainable

entrepreneur.com Three Letters That Will Make Your Company More Successful and Sustainable A strong ESG score can improve your company's relationship with consumers, investors, and the…

Welcome to the New Era of Environmental Colonialism

newsweek.com There's a new kind of colonialism afoot in rich nations, and much like the old colonialism, this one, too, purports to be for the good of the colonized. Today's colonialists…

Construction of 339 mile power line begins in NY

apnews.com ALBANY, N.Y. (AP) — Construction has begun on an underground electrical transmission line that will bring Canadian hydropower to New York City as part of an effort to make…

Losing energy support will mean ‘fuel poverty for more than 7m’ in UK

theguardian.com More than 7 million people who no longer qualify for energy support from next spring face years in fuel poverty if average heat and light bills remain at £3,000, according…

How the West’s price cap on Russian oil could roil energy markets

economist.com How the West’s price cap on Russian oil could roil energy markets Traders expect a damp squib; they could get dynamite instead Ever since Russia invaded Ukraine in February…

Canada approves expansion project on TC Energy’s NGTL gas pipeline system

theglobeandmail.com The Canadian government on Wednesday approved an expansion to TC Energy’s NOVA Gas Transmission Ltd (NGTL) pipeline system in Alberta, which will help improve market access…

Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report

dailyhodl.com A new report claims Bitcoin (BTC) mining firm Iris Energy’s investors are seeing a multimillion-dollar wipeout in the value of their holdings a year since the public…

Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener

techcrunch.com The built environment is responsible for nearly 40% of carbon emissions worldwide, according to the International Energy Agency. And while a portion of that is from the…

How Walmart plans on reducing a gigaton of emissions by 2030

fortune.com How Walmart plans on reducing a gigaton of emissions by 2030 Most emissions within the retail sector come from product supply chains rather than stores and distribution…

Bulb takeover saga sheds light on ‘disgraceful’ lack of transparency

theguardian.com Selling a nationalised energy supplier, even one with 1.5 muillion customers, ought to be a simple process. First, you invite bids. Second, you assess the proposals,…

Why Doesn’t Every Electric Car Have Solar Panels?

forbes.com It seems like a complete no-brainer: Heat and light from the sun’s reliable daily routine pours down upon us, and solar panel technology has been turning light energy into…

Revisiting My 2007 Interview With Jesse Ausubel: ‘I Don’t Think Energy Policy Matters Much Over The Long Run’

forbes.com Last Friday, Holman Jenkins of the Wall Street Journal, published an article, headlined “’Climate Reparations’ Are a New Name for Foreign Aid.” The piece includes quotes…

With crude prices rising but the energy sector down, we're buying this oil stock into weakness

cnbc.com We're buying 25 shares of Pioneer Natural Resources (PXD), at roughly $233.66 a share. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 150 shares of PXD,…

EU energy chief defends gas price cap proposal after backlash from member states

theglobeandmail.com The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the proposal, after a…

Oil Shoots Up On Huge Crude Inventory Draw

oilprice.com Crude oil prices moved further up today after the U.S. Energy Information Administration reported a crude oil inventory decline of 12.6 million barrels for the week to…

Oil prices rise as data show a third straight weekly drop in U.S. crude inventories

marketwatch.com Oil futures rose Wednesday, finding support after U.S. government data revealed that domestic crude inventories fell by nearly 13 million barrels, down for a third…

S&P 500: 11 Stocks Turned $10000 To $261421 In 11 Months

investors.com Most S&P 500 investors got a little gain this month. But investors willing to look off the beaten path found huge gains. All told, had you invested $10,000 in January and…

Heating Bills to Send Chill Through Americans’ Finances

wsj.com Heating bills are about to deliver an unpleasant jolt to American households. In a November report, the U.S. Energy Information Administration said it expects retail natural…

EU defends gas price cap proposal after country criticism By Reuters

investing.com By Kate Abnett BRUSSELS (Reuters) -The European Union's energy chief on Wednesday defended the bloc's proposal to cap gas prices and said countries will negotiate possible…

Tesla Is Losing Marketshare Over Price

jalopnik.com Tesla is losing chunks of its EV marketshare because it doesn’t have any cheaper offerings, Stellantis wants to make its own EV rollout a bit easier for dealerships to…

Deep Dive: 20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty

marketwatch.com The energy sector of the S&P 500 has been the year’s best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries. If you are…

A market mystery: Energy stocks are still riding high even as crude oil tumbles

cnbc.com Traders are watching oil vs. oil stocks and thinking something has to give. One side is wrong. There is a huge divergence that has developed between energy stocks and crude…

Here are 3 reasons why investors should warm up to energy stocks despite falling oil prices and growing short interest

businessinsider.com Spencer Platt/Getty Images Investors should stick with energy stocks despite the recent decline in oil prices, according to DataTrek. The research firm offered three reasons…

Explainer: Why the U.S. Inflation Reduction Act has Europe up in arms

reuters.com PARIS, Nov 30 (Reuters) - French President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States' huge new…

Explainer-Why the U.S. Inflation Reduction Act has Europe up in arms By Reuters

investing.com By Leigh Thomas PARIS (Reuters) - French President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States'…

UK Approves $26.6 Billion Power Grid Investment To Expand Renewable Capacity

oilprice.com OPEC+ is opting to meet… Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by…

Extreme E Puts Further Faith In Hydrogen Power With Kaizen Partnership

forbes.com Running a race series like Extreme E that takes place in remote locations poses numerous challenges. Supplying the event location with sufficient energy is a particular…

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