No Insurance for New Oil & Gas Projects: Munich Re
The world's largest reinsurance company will stop insuring new oil and gas projects beginning next April.
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Germany Seizes 3 Russian Oil Refineries
The German government Friday morning placed three Russian-controlled oil refineries under trusteeship, seizing control of operations from Russian oil giant Rosneft.
Gulf of Mexico Leases Drop by 90% in 10 Years
The Inflation Reduction Act enacted last month included a provision to complete a November 2021 sale of leases to areas in the Gulf of Mexico. Gasoline may be expensive, but Gulf oil is pretty…
Big Oil: The Green and the Black
A new report indicates that the world's five largest oil and gas producers spend more heavily on talking about climate change than they do on investing in taking steps to slow it down.
Hawaii’s coal withdrawal will set early U.S. example on transition risk
Plus, the Liz Truss era in the UK starts with a dual fiscal and energy crisis.
Could America Return to $1 Gas?
Gasoline prices averaged about $1.50 a gallon through the 1990s. Here is how those prices could come again.
Threat to Gulf Oil and Gas Production Remains High With 2 Months Left in Hurricane Season
Two months remain in the 2022 hurricane season and NOAA continues to expect an above-normal number of storms, despite the virtual absence of storms in the first three months of the season.
Earnings Previews: BP, Caterpillar, JetBlue, Marathon Petroleum
Here's a look at what to expect when these four companies report quarterly results before U.S. markets open Tueday morning.
BofA Securities Has Big Ideas on These 8 Oil Stocks
BofA issued a handful calls recently with a particular focus on Oil & Gas stocks with massive upside.
7 Fallen Angel REITs That Pay Massive Dividends and Fight Inflation Are On Sale Now
If you thought June was rough from an interest-rate standpoint, July may be just as bad. It’s pretty baked in that the Federal Reserve will raise rates this week by 75 basis points before…
NextEra Energy’s Wild Zero Carbon Emissions Claim
NextEra Energy, the utility company that provides, among other things, electricity to 5.8 million people in Florida, has launched what it calls the “A Real Plan For Real Zero.” The phrase has even been…
It’s 122 Degrees at the Hottest Place in the World
Despite the fact that some people question the existence of global warming, the world gets hotter almost every year. The year 2020 was one of the three hottest in history. The year 2021 ranked…
The Hottest Place in the World Today
What is the strongest evidence of global warming? According to NASA’s Global Climate Change: “Earth’s surface continues to significantly warm, with recent global temperatures being the hottest in the past 2,000-plus years.” Nineteen of…
Americans Prepare for $10 Gas
Gasoline at $10 a gallon would ruin the U.S. economy, which makes it among the largest threats to cause a sharp downturn in GDP. Middle class and lower class families would move into deep…
America Braces For $380 Oil
Oil prices, at just above $100 a barrel, have driving gas prices above $5 based on a gallon of regular nationwide. In some states, the number is closer to $6 a gallon. Oil prices…