The European Union eyes savings of over $47 billion in crude oil and natural gas imports with its new plan to bring down energy prices across the bloc. The plan includes measures such as faster permitting of wind and solar projects, a new formula for electricity tariffs, and a greater …
Read More »Europe’s LNG Tango: A Love-Hate Relationship with Reality
The European Union, ever the conflicted protagonist in its own energy saga, is gearing up to throw its weight around in the global LNG market—again. A leaked draft from the European Commission suggests Brussels will “immediately engage” with LNG suppliers to stabilize energy prices, all while still pretending it’s on …
Read More »Ukraine’s Critical Minerals and the Path to Peace
Ukrainians are learning the transactional nature of the Trump administration as the US president revealed a “critical” (pun intended) part of his plan for ending the three-year old conflict. Media reports say that Scott Bessent, the US treasury secretary, met with Ukrainian President Zelensky on Feb. 12. The two discussed …
Read More »Can Europe Afford Its Energy Transition?
Climate finance is a white-hot topic right now. The COP2 delegates failed to agree on a generous enough deal for the transition in developing countries; in the U.S., project Veritas revealed that the EPA was funneling billions into climate activist organizations ahead of Trump’s presidency to ensure continued pressure on …
Read More »China Export Curbs to Impact US Clean Energy, Defense Industries
China’s retaliatory export curbs might take a toll on the growing U.S. clean energy sector and its defense industry, analysts opined as trade tensions escalate between the world’s two biggest economies. Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials …
Read More »The Future of U.S. LNG: Growth, Delays, and Uncertainty
The U.S. LNG export industry has recently hit several stumbling blocks. And who will be America’s president in the next four years may not even be the biggest. Litigation at court from environmental groups, a contractor bankruptcy, and President Joe Biden’s permit pause have combined to increase uncertainty for U.S. …
Read More »Will Saudi Arabia’s Trillion-Dollar Desert Dream ever become a Reality?
Saudi Arabia’s Neom is perhaps the world’s most controversial architectural project at present, covering 10,200 square miles – almost the size of Belgium – and incorporating renewable energy projects and advanced smart technologies in the middle of the desert. Following several construction delays, rising costs, and criticism over structural aspects …
Read More »The Climate Cost of War
There are great humanitarian implications for any war, but the environmental consequences of conflict can often be overlooked. Conflicts, both big and small, have an extremely detrimental effect on the environment due to the use of munition. More than 5 percent of global emissions are caused by conflict or militaries, …
Read More »Can Saudi Arabia Actually Afford Vision 2030?
Saudi Arabia has long prided itself on being the lowest-cost oil producer in the world—and has taken maximum advantage of this fact. Now, with ambitious spending plans for a diversified economy, that lowest cost is becoming less relevant. It’s the breakeven cost of oil that matters. And that’s going up. …
Read More »China’s Energy Transition is Slowing its Oil Demand Growth
China’s oil demand growth has been slowing down due to weaker economic performance and a shift to electric vehicles and LNG-fueled trucks, oil industry executives said at the APPEC conference in Singapore on Monday. Right now, Chinese oil demand growth has slowed to about 200,000 barrels per day (bpd) each …
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