The U.S. oil industry is expanding production in reaction to prices that are expected to stay high, even if the war with Iran ends soon. But the increased oil drilling is unlikely to lead directly to price relief at the pump. The tally of active rigs is up from aContinue Reading
The backlash against data center construction continues to grow, and it’s becoming increasingly bipartisan. Data centers that run artificial intelligence are on the verge of reshaping America’s electricity grid. And the large warehouses packed with computers are popping up in rural communities across the county. With midterm elections fast approaching,Continue Reading
AUSTIN, Texas — America’s electric utilities are at a crossroads, balancing environmental goals with escalating electricity demand due to seasonal climate extremes and a wave of data-center buildouts. A new power plant approved by the city of Austin provides a sneak peek at how the push and pull between city-ownedContinue Reading
Two of America’s largest power companies have plans to merge. NextEra Energy intends to acquire Dominion Energy in a deal that, if approved, could have implications for how fast utilities can build new infrastructure for surging electricity demand and how much consumers will have to pay. Valued at nearly $67Continue Reading
The European Union is worried about its dependence on energy imports from the United States. A new report from the EU’s Agency for the Cooperation of Energy Regulators (ACER) outlines the continent’s “growing exposure to global market risks,” as the crisis over the Strait of Hormuz shuts off some gasContinue Reading
President Traitor 47 said that he wants to suspend the 18.4-cent federal gasoline tax to help drivers save at the pump. The announcement comes after talks with Iran fell apart over the weekend, sending oil prices on yet another incline as U.S. consumers face gasoline prices north of a $4.50Continue Reading
North America’s grid reliability watchdog is sounding the alarm over data centers and calling for immediate action from grid operators. This week, the North American Electric Reliability Corporation (NERC) issued a level 3 alert — its highest warning tier — over how data centers risk destabilizing the grid. The alertContinue Reading
A gallon of regular gasoline in the U.S. now costs more than $4.50 on average. Before the war with Iran, the average was around $3. Prices hit the $4.50 benchmark late on Tuesday morning, according to Patrick De Haan, head of petroleum analysis at GasBuddy, a website that tracks real-timeContinue Reading