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“Elon Musk calls for nuclear power over Russian oil— and pledges to eat food grown near reactors” Elon Musk says that nuclear energy is the key to breaking Europe’s dependence on Russian oil as crude prices continued to surge to near-record levels amid the ongoing invasion of Ukraine. Musk is so certain that there is…
“#How Ukraine war could make it worse” A key indicator of inflation showed another increase in prices for January as Americans gird for more economic turbulence exacerbated by Russia’s invasion of Ukraine. The personal consumption expenditures index — or PCE — which is put out by the Department of Commerce and is considered the preferred…
“#To make Putin pay, Biden must ramp up US energy production” Despite the constant media drumbeat to what seems like an inevitable war, Russian President Vladimir Putin understands one thing: He can’t make Russia great again by launching a full-scale invasion of Ukraine. If Moscow made a full-out ground assault and annexed Ukraine in its…
“#US oil prices at six-year high after OPEC fails to reach deal” US oil prices jumped to six-year highs Tuesday after OPEC failed to reach a deal on oil production — raising concerns that output could fail to keep up with surging demand. Futures for West Texas Intermediate, the main US oil benchmark, advanced 1.3…
“#Oil, natural gas prices surge as winter storm hammers market” Oil and natural gas prices jumped Tuesday as a massive winter storm kneecapped energy production in the US. West Texas Intermediate crude oil futures traded near their highest levels in about 13 months after the storm forced oil wells and refineries to shut down in…
“#OPEC expected to cut oil production as COVID-19 reduces demand” Members of OPEC are expected to continue to keep oil production levels lower to boost prices after a virtual meeting on Monday, as the coronavirus pandemic has dramatically dampened demand for crude oil worldwide, according to a report. The OPEC nations, led by Saudi Arabia,…
“#US energy industry has cut 107K jobs during COVID-19 crisis” American oil, gas and chemical companies axed 107,000 workers during the coronavirus crisis — and most of them won’t have their jobs back by the end of next year, a new study says. Those job cuts imposed over just six months, from March to August,…