American liquefied natural gas (LNG) prices are expected to tumble by almost a third this year, as milder winter weather is leading to a glut. LNG prices are dropping as supply growth has outpaced demand growth in recent months, according to the U.S. Energy Information Administration (EIA), in its Short Term Energy Outlook (STEO), on Feb. 7. Domestic…
EIA Slashes Natural Gas Price Forecast by 30 Percent Because of Supply Glut
February 8, 2023
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Americans Like Wind and Solar in Theory, Dislike Them in Practice, Study Reveals
February 8, 2023
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A recent report by the Brookings Institution claims that “the American public overwhelmingly favors renewable power.” While this may be true in theory, when Americans experience the reality of it, they don’t seem to like it much at all. Brookings, which sees local resistance as an impediment to overcome, concedes that “even though people like…
TotalEnergies Net Profits Double to Record $36.2 Billion in 2022
PARIS—French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector’s bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine. TotalEnergies’ fourth-quarter adjusted net income was $7.6 billion, including a $4.1 billion impairment related to the deconsolidation of its stake…
LIVE NOW: House Natural Resources Committee Holds Hearing on US Energy and Mineral Potential
February 8, 2023
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The U.S. House Committee on Natural Resources holds an oversight hearing at 10 a.m. ET on Feb. 8 on “Unleashing America’s Energy and Mineral Potential.” The Epoch Times will livestream the hearing. …
House Natural Resources Committee Holds Hearing on US Energy and Mineral Potential
February 8, 2023
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The U.S. House Committee on Natural Resources holds an oversight hearing at 10 a.m. ET on Feb. 8 on “Unleashing America’s Energy and Mineral Potential.” The Epoch Times will livestream the hearing. …
Oil Rises for 3rd Day as Rate Hike Concerns Ease
February 8, 2023
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LONDON—Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk appetite and weighing on the dollar….
Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
February 8, 2023
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LONDON/SINGAPORE—Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.37 percent, heading back towards the nine-month high it hit in…
Just $80 to Offset My Emissions? I’ll Take That Deal!
February 7, 2023
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Commentary In a recent proposal, the New South Wales government will enable drivers to buy $80 (US$55) worth of carbon credits when they pay for their car registration to offset their emissions. It is not a surprising initiative from the treasurer and energy minister, Matt Kean. He is one of many Australian leaders to spruik…
UK Courts Ordered to Halt Cases Involving Force-Fitted Energy Prepayment Meters
One of the UK’s most senior judges has ordered magistrates’ courts to stop listing cases involving the force-fitting of energy prepayment meters in customers’ homes. Lord Justice Edis issued the direction on Monday to all court staff in England and Wales. In the letter, seen by The Epoch Times, Edis said that judges “must act…
BP Makes Record Profit in 2022, Slows Shift From Oil
LONDON—BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell, Exxon Mobil, and Chevron last week after energy prices…
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