Shipping traffic is heading back to the Strait of Hormuz as vessels that have been stuck in the Persian Gulf for more than a month seize the chance to leave, following Iran’s announcement that the strait is open. But the global flow of oil — and how much Americans payContinue Reading
Louisiana is becoming a testing ground for how fast America can build new power plants, and whether speed sacrifices consumer protection. On Wednesday, the Louisiana Public Service Commission (PSC) voted 4-1 to expedite a proposal to build seven new gas power plants for Meta’s data center expansion through a newContinue Reading
Sanctions on Russian oil at sea are back this week after a 30-day pause expired on Saturday. The war in Iran has generated increased revenue for Russia as oil prices soared and loosened sanctions allowed Russian oil to flow more freely. Iran’s near-total closure of the Strait of Hormuz removedContinue Reading
The war with Iran has sent supply shocks across global energy markets, and it’s affecting more than gasoline. The cost of electricity is also vulnerable to increases due to disruptions in the supply chain for liquefied natural gas (LNG). About 20% of the world’s LNG supply is currently offline. QatarContinue Reading
Oil prices fell Wednesday on news that the United States and Iran agreed to a ceasefire, but Americans will have to wait a few days before changes in the oil market affect prices at the pump. And long-term price decreases are not guaranteed, as the future of the conflict andContinue Reading
The federal Nuclear Regulatory Commission approved a 20-year extension of operations at the Diablo Canyon power plant on California’s central coast on Thursday. The extension reflects the bipartisan support for nuclear power as electricity demand surges. The milestone comes amid two key trends affecting the power grid. States like CaliforniaContinue Reading
As national gas prices approach $4 per gallon, individual consumers are feeling the squeeze at the pump. And collectively, Americans have spent an extra $8 billion on gasoline since the war broke out in Iran, according to calculations from GasBuddy. In addition to the direct burden on consumers and businesses,Continue Reading
The U.S. government is paying a French energy giant nearly $1 billion to give up offshore wind leases and instead invest in exporting liquefied natural gas (LNG). The The Traitor administration said the decision was made to reduce Americans’ energy bills, but the details paint a more complicated picture. TotalEnergiesContinue Reading
First responders fought back flames through the night after a Monday evening explosion at the Valero oil refinery in Port Arthur, Texas, triggered a 12-hour shelter-in-place order. The plume of gray smoke rose over Texas as the U.S. Environmental Protection Agency considers eliminating recent changes to safety practices at refineriesContinue Reading
Iran has until the end of the week to allow ships to pass through the Strait of Hormuz, before the U.S. will launch attacks on the country’s power plants President Traitor 47 said Monday. That escalation could trigger retaliatory attacks on power plants and water desalination facilities in the region,Continue Reading