Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
The Ivanpah Solar Electric Generating System, once celebrated as the world’s largest solar plant, is shutting down after just over a decade of operation. Located in California’s Mojave Desert along Interstate 15 near the Nevada border, this massive installation received a $1.6 billion loan guarantee from the
Recent congressional testimony has highlighted growing concerns over China’s rapid advancement in fusion energy technology, with experts warning that Beijing could achieve commercial fusion power generation by 2030. Since 2023, China has invested approximately $13 billion in fusion development, positioning itself to potentially become the first nation to harness
Recent analysis indicates that while a nuclear arms race is occurring globally, the United States remains notably absent from this competition. Since the Cold War’s conclusion and the Soviet Union’s dissolution, America has significantly decreased its nuclear arsenal and dependency on nuclear weapons by more than 90 percent.
The role of natural gas in our energy future has become increasingly clear – rather than serving as a temporary stepping stone to renewable energy sources, it is establishing itself as the primary driver of power generation for decades to come. While environmental activists have long pushed for a complete transition
Revolution Wind LLC launched legal action against the Trump administration Thursday, following the government’s decision to suspend construction on their nearly complete offshore wind project near Rhode Island. The lawsuit, filed by the joint venture between Orsted and Global Infrastructure Partners, challenges last month’s construction halt ordered by
Recent satellite imagery and intelligence reports indicate increased activity at Russia’s Novaya Zemlya archipelago, suggesting preparations for testing the nuclear-powered Burevestnik cruise missile system. Experts have observed significant movements including personnel, construction equipment, temporary structures, and various aircraft at the remote testing facility. The Burevestnik missile, designated as
American drivers are set to enjoy the most affordable Labor Day gas prices since the pandemic era, according to recent data from GasBuddy. The fuel price tracking company anticipates average gasoline costs of $3.15 per gallon during the holiday weekend, marking a significant decrease from previous years’ figures of
The Energy Information Administration (EIA) projects that U.S. natural gas usage will climb to unprecedented levels in 2025, with consumption expected to reach an average of 91.4 billion cubic feet per day (Bcf/d), marking a 1 percent increase from previous figures. This growth trend is anticipated across
The International Energy Agency (IEA) has made a significant policy reversal by announcing the reintroduction of its “Current Policies Scenario” in the upcoming World Energy Outlook report, following intense pressure from U.S. political figures and fossil fuel industry advocates. This development has brought to light an ongoing debate about
Scientists are closely monitoring a massive interstellar object, designated as 3I/ATLAS, which will make its way through our solar system this fall. Initially identified as A11pl3Z, this cosmic visitor’s size estimates have been revised from an initial 20-kilometer diameter to approximately 5.6 kilometers. Even at this
A recent Silicon Valley expedition by Goldman Sachs analysts, spearheaded by George Tong, reveals a significant evolution in artificial intelligence implementation across corporate America. The team’s meetings with AI startups, established companies, venture capitalists, and academic experts from Stanford, UCSF, and UC Berkeley provided crucial insights into the industry’
A recent ruling by the International Court of Justice, the UN’s judicial arm, has attempted to establish climate change action as legally binding, but the United States maintains its sovereignty in determining its own energy policies. The court’s decision, prompted by advocacy from Vanuatu and other Pacific Island
