The chief executive of Occidental Petroleum said the Biden administration should ask U.S. oil producers to boost supply if necessary, rather than OPEC. The Biden administration asked OPEC and its allies to boost production in late summer when gasoline prices soared….
Read MoreCOP26 sharply criticized as the 'most exclusionary' climate summit ever
Logistical difficulties, the exclusion of people with disabilities and a lack of attendees from the Global South are just some of the criticisms leveled at the event organizers. The start of the week saw chaotic scenes outside the venue, with…
Read MoreEnergy costs rise amid global crunch
London (CNN Business)Soaring energy prices are a stark reminder of how dependent Europe is on fossil fuels and should serve to accelerate the shift towards renewable forms of energy. “This experience today of the rising energy prices is a clear…
Read MoreVarney warns Biden’s energy price storm can get 'much worse'
Stuart Varney on President Biden’s ‘perfect’ energy price storm FOX Business’ Stuart Varney argues combining labor shortages and a supply chain mess, ‘you’ve got a perfect energy price storm.’ In his latest "My Take," "Varney & Co." host Stuart Varney…
Read MoreEnergy crisis: minister denies Kwasi Kwarteng lied over Treasury claims
Damian Hinds rejects accusations business secretary was ‘making things up’ in claiming he lobbied chancellor to help firms Last modified on Mon 11 Oct 2021 04.34 EDT A minister has sought to play down splits between government departments over support…
Read MoreBritain expected to ease visa rules as truck driver shortage bites
Britain is expected to announce plans to issue temporary visas to truck drivers to alleviate an acute labor shortage that has led to fuel rationing at some filling stations. Prime Minister Boris Johnson's office said it was looking at temporary…
Read MoreEnergy crisis forces EU ministers to face up to reliance on natural gas
Analysis: As governments shield consumers against soaring prices, Russia and renewables are coming under scrutiny Last modified on Tue 21 Sep 2021 10.38 EDT The UK is far from alone in its energy crisis. Across Europe, governments are acting to…
Read MoreKwarteng’s energy crisis assurance ignores cost of small suppliers failing
Persuading larger companies to take on customers could quickly become expensive Last modified on Mon 20 Sep 2021 15.02 EDT Competition will survive in the retail energy market and there will be no return to the “cosy oligopoly” of the…
Read MoreBill Gates is among the backers of stealthy battery company Form Energy, but it has a lot to prove
On Tuesday, Form Energy announced it closed a $240 million Series D funding round. Among the backers renewing is Breakthrough Energy Ventures, which includes celebrity investors like Bill Gates and Jeff Bezos. The company has not shared data or proof…
Read MoreEnergy expert warns of ‘serious oil crisis’ within next five years
Oil on a ‘boost’ beyond inflation due to supply, demand imbalance: Maglan Capital president Maglan Capital President David Tawil explains why he believes there could soon be ‘a serious oil crisis in this world.’ Maglan Capital President David Tawil argued…
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