MenuWith President Joe Biden’s giant $2.25 trillion spending plan potentially making its way through the House Transportation and Infrastructure Committee as early as this month, the United States may be on the verge of a transformational moment in energy policy. Continued
Category Archives: In The News
US-Canada Pipeline Controversy Brings Climate Politics Home
While the Leaders Summit on Climate last month emphasized the need for worldwide cooperation and accountability in the fight against climate change, recent developments along the U.S.- Canada border demonstrate just how messy joint action can be, even between the best of allies. Continued
Energy sanctions can prevent a new Russian offensive in Ukraine
A major Russian military buildup on the border with Ukraine has recently sparked fears of a potentially dramatic escalation in the simmering seven-year conflict between the two countries. Although tensions have eased somewhat following Moscow’s April 22 announcement of troop withdrawals, the threat of a new Russian offensive remains. Continued
To Deter Russia, Hit Them Where It Hurts
On Thursday April 15, President Biden imposed long-awaited sanctions on Russia, blaming the Kremlin for the SolarWinds hack that breached U.S. government agencies and American companies. The sanctions are aimed at Russia’s disinformation efforts and the occupation of Crimea, along with its recent military buildup and exercises on the Ukraine border. Ten Russian diplomats were expelled as a result.
China-Iran $400 Billion Accord: A Power Shift Threatens Western Energy
March 27 saw the culmination of a half-decade of negotiations between Beijing and Tehran, with foreign ministers meeting to sign a twenty-five-year $400 billion strategic and economic partnership. The specifics of the agreement are largely in line with China’s ongoing Belt and Road Initiative (BRI), spending billions in infrastructure investment with an eye on long term influence
Iranian-Backed Houthis Strike Saudi Oil Facility
On Sunday March 7, Yemen’s Houthi rebels attacked an Aramco oil facility in Ras Tanura, a major port on Saudi Arabia’s Persian Gulf Coast. Brigadier General. Yahya Sarea, a spokesman for the rebel group, said in a televised statement that ballistic missiles and drones hit the oil facility and one of its largest refineries, along with military
Iran Accused Of Eco-Terrorism As Oil Spill Washes Up On Israeli Beaches
The Israeli government is accusing Iran of environmental terrorism over the historic oil disaster unfolding along its Mediterranean coast line. At this point, nearly 100 tons of tar and contaminated material have been scraped off the country’s shores since cleanup efforts began on the 21st of February. In the ensuing investigation the original culprit has since been identified by authorities
Mystery Israeli Oil Spill Leads To Multimillion Dollar Clean-Up
A massive oil spill off the coast of Israel is being called the worst ecological disasters in the Mediterranean country’s history. The cause and full extent of the damage is still unknown, but Israeli authorities are investigating. Several tankers are under suspicion. Continued
Texas Energy Crisis Is An Epic Resilience And Leadership Failure
Let’s not mince words – the energy crisis in Texas is an unmitigated disaster on all fronts. Some 4.4 million people have been without power, heat, and running water for days and lack of the state grid’s preparation is to blame. Texas loves to brag about its energy independence and self-reliant electrical grid. But the events of the past week
Chevron Dethrones Exxon As America’s Most Valuable Oil Company
The U.S. oil sector witnessed a historic day yesterday, as ExxonMobil fell behind its breakaway sister Chevron in market capitalization with $141.6 billion versus $142 billion at NYSE closing, making it America’s most valuable oil company. This is the first time since the breakup of Rockefeller’s Standard Oil in 1911 that Chevron surpassed Exxon in market cap.