You can view this video on Youtube via the linked timestamps below: Introduction: 0:00 What happened in 2022: 1:20 Negative Returns: 4:00 Market Psychology: 7:31 Future of Energy: 15:47 Outlook for Oil Prices: 19:09
Toyota says it has made a technological breakthrough that will allow it to halve the weight, size and cost of batteries, in what could herald a major advance for electric vehicles. The world’s second largest carmaker was already pursuing a plan to roll out cars with advanced solid-state batteries, which offer benefits compared with liquid-based
Last week, Berkshire Hathaway Energy agreed to purchase Dominion Energy’s 50% interest in the Cove Point LNG terminal and pipeline for $3.3 billion. This boosts BHE’s stake in the Maryland-based facility up to 75% — and gives Berkshire control of a rare domestic asset capable of exporting natural gas overseas. This comes hot on the
Oil drilling is collapsing in the US as producers rein in output, mirroring a recent plunge in rigs searching for natural gas. Rigs targeting crude declined by 11 to 575 this week, according to data released Friday by Baker Hughes Co. It’s the biggest weekly drop since September 2021. The pullback was led by the
Nuclear should be part of the energy transition Nuclear power can play a significant role in the search for energy resilience. The power sector has to decarbonize—at present, it accounts for about 30 percent of global emissions, and electricity demand could triple by 2050, driven by increasing electrification and economic growth. Unlike renewables that offer
How many warnings does it take before the Biden Administration wakes up to the risks from its climate policies to the U.S. electric grid? The latest came this month from the North American Electric Reliability Corporation (NERC), and please pray the wind keeps blowing. NERC’s summer reliability assessment forecasts that no less than two-thirds of
Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed. The only growing non-OPEC basin is the Permian in West Texas. Never before has oil supply growth been so geographically concentrated. Six counties in West Texas are
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields. “There’s just a lot of oil being left in the ground,” Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. “Fracking’s been around for a really long time,