World Energy

IRENA says renewables must power 78% of global electricity by 2035 @WorldEnergy @IEA @REANigeria sweetcrudereports.com/irena-…

My argument that refining constraints are contributing to higher diesel prices was called “silly” and “wrong.” But the International Energy Agency’s September 17 report supports exactly that point: • Russian diesel production has fallen nearly 30%. • Lost Russian and Middle Eastern exports have tightened global diesel supplies. • Higher American shipments only partly filled the gap. • That shortage has pushed diesel prices higher relative to crude oil. The IEA also says the OECD refining system is close to its practical limit for diesel and related fuels. And American refineries are running at like 97-98% capacity right now. That’s why I asked: Who supports building and expanding American refineries? More capacity here would give us more options when supplies overseas are disrupted. Building takes years—which is precisely why you start BEFORE the emergency, something Democrats have fought tooth and nail over the decades. The last major greenfield refinery with significant downstream unit capacity built from scratch remains Marathon's facility in Garyville, Louisiana, which came online in 1977. Read the report for yourself: iea.org/commentaries/russian…

DOE is preventing the shutdown of a California nuclear power plant, which supplies ~10% of CA’s electricity⚡️ Keeping it online provides affordable and reliable power and helps prevent what would have been more electricity price increases in the state.

Diesel powers nearly every part of Craig Underwood's California farm. But as fuel prices hit record highs, the 84-year-old says the rising costs have become impossible to escape, keeping him awake at night and squeezing the economics of growing food

Really want to know what all the pageantry and flyovers were about, the same thing the last world wars were fought over, OIL!

Really want to know what all the pageantry and flyovers were about, the same thing the last world wars were fought over, OIL!

SCAM ALERT! Here's the "climate credit" scam...they hike your rates 20%, you spend an extra $500+ every year, then they give you back $75 of it and call it a "climate rebate". YOU are paying for it, then they give you part of your money back. Gavin is so full of shit.

Oil can fall fast on a headline, but the physical market moves slower. Hormuz may reopen. Great. But the delayed crude didn’t magically reappear. We still need to be mindful of the missing barrels. Traders price expectations. Refiners need actual supply.

Oil can fall fast on a headline, but the physical market moves slower. Hormuz may reopen. Great. But the delayed crude didn’t magically reappear. We still need to be mindful of the missing barrels. Traders price expectations. Refiners need actual supply.

Lot's of complaints about investing in oil and gas, but it is the largest commodity market on the planet. Probably should look at how individuals are doing it now vs. 20 years ago.