MenuOn Wednesday, Hungary demanded that shipments of Russian oil be exempt from the European Union’s proposed sanctions. This statement comes amidst tense negotiations between Budapest and Brussels over the EU’s sixth round of penalties against Moscow. Budapest has proven the most skeptical of the plan, which requires the unanimous consent of member states. Read the full article…
Category Archives: Energy Security
2022: The Great Boom or Great Bust for Electric Vehicles
Sales of electric vehicles (EVs) are booming. First-quarter results are in, and they rock. Despite supply chain issues and higher upfront costs, the auto industry reports strong performances in EVs, with Ford announcing a growth rate of 139%, Volkswagen of 65%, and Tesla — an increase of 81%. Read the full article.
Can A Nuclear Power Boost Save Inflation-Ridden British Energy Economy?
High energy prices in the UK have led to the worst cost-of-living increases in decades— with economists warning inflation could breach 10% this year. Households faced a record energy bill spike of 54% at the beginning of April and are set to rise again in October. Read the full article…
Profits Skyrocket for US LNG Companies
The United States is poised to become the world’s leading liquefied natural gas (LNG) exporter by the year’s end. The US Energy Information Administration forecasts the country will export a whopping 12.2 billion cubic feet per day (Bcf/d) average to surpass Australia and Qatar for the top spot. Read the full article…
How Biden’s New Energy Restrictions Defeat His Goals For Helping Ukraine
The Biden administration has reinstated restrictive policies under the guise of environmental protections that impact the construction of major infrastructure projects in the United States, including pipelines and highways. The timing could not be worse. Read the full article here…
The U.S. Can Win Over Russia’s Neighbors
Vladimir Putin’s war against Ukraine has provided the U.S. with a critical opportunity to diminish Russia’s influence over its neighbors by giving them technical assistance, economic development, and security that neither Moscow nor Beijing can. Read the full article…
The U.S. Can Win Over Russia’s Neighbors
Vladimir Putin’s war against Ukraine has provided the U.S. with a critical opportunity to diminish Russia’s influence over its neighbors by giving them technical assistance, economic development, and security that neither Moscow nor Beijing can. Read the full article…
Strategic Petroleum Reserve Release Should Help Americans, Hurt Putin
Oil prices experienced their largest weekly losses in over two years following President Joe Biden’s announcement to release some 180 million barrels of oil (mbd) from the U.S. Strategic Petroleum Reserve (SPR). The 6-month, 1 million barrel per day (bpd) injection is the largest in U.S. history and marks the third time Washington has tapped into Department of Energy
Putin’s War in Ukraine Forces New Energy Reality on Europe
During President Joe Biden’s visit to Europe, the US struck a deal with the EU to boost its liquefied natural gas (LNG) supply as the trade bloc seeks to reduce its dependence on Russian gas. The war in Ukraine highlighted the Old Continent’s unsustainable Russian energy habit. Read the full article…
Can Energy Exports Save The Russian War Machine Facing Western Sanctions?
Last week President Joe Biden announced a complete ban on Russian oil and gas imports – the latest in a series of debilitating sanctions meant to punish Russian President Vladimir Putin for his crimes against Ukraine. The declaration followed an already steady stream of US and Western energy companies who were departing the Russian marketplace on their