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California Wants Higher Gas Prices and EVs, Virginia Did, But Changed Its Mind
California Wants Higher Gas Prices and EVs, Virginia Did, But Changed Its Mind Common sense returns to Virginia as California Governor Gavin Newsom Struggles to defend inane policy. Let’s start with Newsom and gasoline prices. In a Wall Street Journal Op-Ed, Newsom says “What people pay at the pump isn’t simple supply and demand but the result […]
German Consumers Just Learned How Much Extra They Will Have To Pay For Gas This Winter
German Consumers Just Learned How Much Extra They Will Have To Pay For Gas This Winter With millions of German facing a painful freeze in the coming months, a winter gas surcharge, which will come into effect in October for German households and businesses, was set at 2.4 euro cents per kilowatt hour on Monday, DW […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia Australia’s east coast has been plunged into an energy crisis just as winter takes hold, which will see many people struggle to heat their homes due to soaring gas bills. Meanwhile, Origin Energy this […]
Largest California Refinery Hit With Strike Amid Record-High Gas Prices
Largest California Refinery Hit With Strike Amid Record-High Gas Prices Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement. At least 500 workers at a gasoline, diesel, jet fuel, […]
OPEC+ Reportedly Threatening Response To Global Coordinated SPR Release
OPEC+ Reportedly Threatening Response To Global Coordinated SPR Release In an apparent ‘threat’ response to headlines suggesting the Biden administration is attempting to coordinate a global SPR release to push down oil prices (and following reports from Japanese media that the government is preparing to release crude from its strategic stockpiles), the Riyadh-based International Energy Forum said OPEC+ […]
Biden says he worries that cutting oil production too fast will hurt working people
Biden says he worries that cutting oil production too fast will hurt working people President Biden spent three days in Rome talking to world leaders before and during the G-20. He held a formal press conference before heading to the UN climate summit in Glasgow. Brendan Smialowski/AFP via Getty Images President Biden said on Sunday […]
Europe’s gas price surge is about to hit you in the belly
Europe’s gas price surge is about to hit you in the belly Soaring fertilizer prices are set to push up the price of food. With the price of fertilizer increasing, food prices will follow | Chandan Khanna/AFP via Getty Images Voiced by Amazon Polly LUXEMBOURG — It’s not just your heating bill that risks going up thanks […]
Gas prices skyrocket as the global energy crisis worsens
Gas prices skyrocket as the global energy crisis worsens New York (CNN Business)The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic. Energy demand is back today as the world economy reopens — but supply simply hasn’t kept up. That’s […]
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports The DoE isn’t considering tapping the SPR “at this time” Goldman Sachs: SPR release […]
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs. Russia’s pipeline gas export monopoly Gazprom has met commitments for long-term contracts, its clients confirm. But […]
The UK is racing towards a winter energy crisis
The UK is racing towards a winter energy crisis Gas prices are spiking and the energy markets are coming under increasing pressure. The combination may lead to a bleak winter GETTY IMAGES / BLOOMBERG Winter is coming – and it looks like it’s going to be a rocky one. The price of natural gas in […]
Gas Is Going To $5 Per Gallon: First In California, Then Across The Country
Gas Is Going To $5 Per Gallon: First In California, Then Across The Country Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental regulations are both driving up the price of gas. Author Allysia Finley […]
Spanish Energy Markets Roiled Amid Chilling Temps
Spanish Energy Markets Roiled Amid Chilling Temps A cold snap across Spain is expected to last through mid-January has resulted in natural gas prices more than doubling in the last week, according to Bloomberg. LNG prices trading at Spain’s Punto Virtual de Balance (PVB) gas trading hub hit a record 51.55 euros ($63.13) a megawatt-hour this week, […]
