A coal plant burns in Cheswick, Pennsylvania.Photo: Jeff Swensen (Getty Images) Nearly all of the coal plants operating in the U.S. are now more expensive to keep online than it would be to build entirely new renewable energy facilities in their stead, according to a new analysis by Energy Innovation, an energy and policy firm. … Read more
Several days ago, President Biden made a media splash when he threatened oil companies with windfall taxes and “other restrictions” if they don’t stop returning cash to shareholders and start investing this cash in more oil production. The industry, via the American Petroleum Institute, responded with yet another reiteration of the fact that the oil … Read more
Will high inflation ease? ‘Cavuto Live’ panel discusses Fox News
The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to offset soaring household energy bills, a draft document circulating around Brussels indicates. The European Commission is expected to release the details of the draft proposal … Read more
As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious fracking debate is now re-emerging on the continent, led by a new British prime minister with fossil fuels on her mind. The European Union–which no longer includes the UK–plans … Read more
The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind. “When we look carefully at what goes on on the factory floor, it won’t be less workers,” Keith Cooley, former head … Read more
Gas prices across the country have fallen over the past several weeks, with the national average dropping about 34 cents from nearly $5.02 last month. Most states have seen prices drop more than a quarter since the national average peaked on June 14, and some states have witnessed nearly 50 cent declines, though prices have … Read more
Fuel prices at a Chevron gas station in San Francisco June 9, 2022. Bloomberg | Bloomberg | Getty Images For months, drivers across the U.S. face have faced eye-popping prices when they fill up their gas tanks. Now, President Joe Biden is weighing a new remedy — a federal gas tax holiday. A gallon of … Read more
David Littleproud: Government needs more detail on Indigenous Voice | Insiders | ABC News ABC News (Australia) Albanese government mugged by gas crisis as it faces challenge of managing expectations Daily Liberal Big Gas v The People: acute energy crisis puts Albo straight to the test – Michael West Michael West News Energy Minister Chris Bowen blames Coalition … Read more
Businesses in Australia are already collapsing thanks to an impending crisis with some now calling on the government to take extreme action to avoid ‘apocalyptic’ price rises. Aussies will soon feel the pain of skyrocketing gas prices and fears of “apocalyptic rises” have prompted calls for the new Albanese Government to take an extreme response. … Read more