Natural gas prices in California have skyrocketed this winter, with some utility firms seeing a quadrupling in their gas procurement prices while some customers seeing their gas bills more than double. Colder-than-expected temperatures have driven up gas demand for heating in California. Around 70 percent of households in the state use gas for heating, twice…
California Gas Prices Jump During Winter, Gas Procurement Prices Rise 400 Percent for Utilities
February 17, 2023
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Alzheimer’s Disease May Be Linked to ‘Negative Energy,’ but 1 Practice Can Help
Summary of Key Facts Alzheimer’s disease has worsened during the COVID-19 pandemic The COVID-19 pandemic involves negative emotions with negative energy The brain is an energy organ, and meditators boost the brain’s energy Meditation helps control negative emotions associated with negative energy Meditation can prevent Alzheimer’s Disease during the COVID-19 pandemic Alzheimer’s disease has emerged…
Oil Heads for Weekly Loss on Rate Hike Worries, Ample Supply
February 17, 2023
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell almost 3 percent on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. Two Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels….
US, EU Must Bolster Energy Supply Networks Before Next Winter, Panelists Urge at House Hearing
February 17, 2023
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While the United States and friendly European Union powers have taken important steps toward energy independence in the year since the Kremlin’s invasion of Ukraine, much critical infrastructure is still not in place and the aligned nations have a great deal of work to do to ensure the security and accessibility of their energy supplies…
South Korea’s LG Chem Acquires Stake in US Lithium Firm
February 17, 2023
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentInvestmentLG ChemPiedmont LithiumScienceSouth KoreaTechUSUS NewsWorld
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South Korean chemical firm LG Chem said on Friday that it had acquired a stake in U.S. mining company Piedmont Lithium Inc. for $75 million in a bid to secure raw materials needed for its manufacturing of electric-vehicle (EV) batteries. The equity investment provides LG Chem with a 6 percent stake in Piedmont, which holds…
Biden’s Declared War on Oil and Gas Hits Home Hard in West Texas’ Permian Basin
February 17, 2023
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Business & MarketscongressDefending AmericaDemocratseconomyenergyFeatured TopicsNational Securityoil and gas industryPermian BasinPolicies & ImpactsPoliticsRegional & State NewsRepublicansState NewsTexasUSUS energy policyUS News
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When President Joe Biden openly advocates for phasing-out oil and gas as primary energy generators in the United States within a decade, what appears as a news scroll blip for most Americans is a clap of thunder across the rolling West Texas sage of the Permian Basin. “The messages, virtue signaling, and rhetoric that have…
New South Wales Digs Itself Into Coal Reserve Hole
February 16, 2023
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Commentary New South Wales (NSW) has introduced a reservation policy for coal. A certain portion of coal produced in the state will be required by law to be sold within the state. The policy will likely come into effect on the 1st of April, but that doesn’t mean it’s a joke. This is one more…
Biden Touts Musk’s Tesla Charger Network in Rare Moment of Praise
President Joe Biden offered some relatively rare praise for Elon Musk, as Musk made part of the Tesla vehicle charging network available to some other electric vehicle brands. On Wednesday, the Biden administration announced several different electric vehicle makers and rental car brands are planning to expand access to vehicle charging stations. The White House…
Climate Change ‘Irony’: Restricting American Oil and Gas Output Ultimately Harms Environment, Report Says
Attempts to restrict oil and natural gas production in the United States would result in negative impacts on the environment, according to a recent report, coming at a time when the Biden administration has taken several steps to curtail domestic fossil fuel activity. Over the past years, there has arisen a “political movement centered in…
British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices
February 16, 2023
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British GasBusiness & MarketsCentricaenergyenergy pricesJeremy HuntRishi SunakRussian Invasion of UkraineUKwindfall taxWorld
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Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine. The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021. Stripping out its Spirit Energy businesses that were…
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