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“#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 demand will exceed pre-COVID levels by end of 2022: energy agency” Demand for oil will surpass pre-pandemic levels by the end of next year as the global economy recovers, the International Energy Agency said on Friday, rejecting analysts’ predictions that the world’s oil usage has already peaked. “Global oil demand is set to return…
“#BlackRock’s ‘No. 1’ goal in ‘woke’ investing: Huge ESG-funds haul” Progressives love the story of Engine No. 1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Most activists — think Paul Singer and Carl Icahn —…
“#Oil drillers and Bitcoin miners bond over natural gas” May 21 – On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity. The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners…
“#Colonial Pipeline hackers DarkSide lost control of ransom money” Cybercrime group DarkSide said it has lost control of its web servers and some of the money it’s made off ransom payments after the FBI confirmed that the gang was behind the $5 million ransomware attack on Colonial Pipeline last week that spurred gas shortages and panic…
“#Gas prices hit 7-year high as pipeline shutdown spurs panic buying” The national average gas price rose to a 7-year high on Wednesday and four governors have now declared states of emergency as the shutdown of the Colonial Pipeline spurred panic buying at gas stations across the Southeast. The shutdown of the biggest oil pipeline…
“#Cyberattack on US pipeline is linked to criminal gang” The cyberattack that shut down a major oil pipeline was carried out by a gang that is known to extort corporations and give a cut of the ransoms to charity, a new report said. The Colonial Pipeline, which carries more 100 million gallons of fuel from…
“#Cyberattack shuts down pipeline that supplies East Coast with fuel” A major oil pipeline that carries more than 100 million gallons of fuel from Houston to Linden, N.J., each day is shut down after the company that owns it was hit with a cyberattack. Colonial Pipeline, which says it delivers about 45 percent of the…
“#Chuck Schumer can’t stop woke progressives from chucking out SEC pick” Chuck Schumer apparently isn’t progressive enough for today’s Democratic Party. Further proof can be found in the strange, fleeting tenure of Alex Oh as head of the Securities and Exchange Commission’s enforcement division. It’s yet another example of how Democrats like Sen. Schumer who…
“#Media cheers a return to the failed Iran deal: Goodwin” A Monday New York Times front page headline on the explosion at a key Iranian nuclear facility claimed the “Attack May Hurt Efforts to Reboot 2015 Deal.” On Tuesday, also on the front page, the paper declared that “Israel’s Role in Iran Blast Casts A…