Energy
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Downed Apache helicopter aided ship oil transfers, same tactic Iran used to skirt sanctions: report
The shuttling operations are carried out at the edge of the strait and involve secretly transferring oil to awaiting tankers. Convoys are guided to the tankers using helicopters and drones.
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Iran peace deal comes just before supply crunch threatens oil markets
Oil executives have been warning for the past couple of weeks that inventories are reaching severely low levels. If the peace deal is signed and the Strait of Hormuz opened, it could take months before inventories are replenished.
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Oil markets respond with lower prices as Trump promises 'permanently' toll-free Strait of Hormuz
During the conflict, prices reached highs of over $100 per barrel in mid-May and have been mostly falling ever since. Over the weekend, they fell over $3 per barrel on news of a possible peace deal.
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Senate Budget Committee holds onto climate-driven insurance crisis, but experts dispute narrative
“Let me get straight to the point — the insurance industry is not in the midst of a climate-driven crisis, nor is it about to fall. Strength and stability are the hallmarks of this industry,” Dr. Robert Hartwig, clinical associate professor of finance at the University of South Carolina, said.
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Taxpayers to buy $19.9 million in electric school buses for Illinois
Each bus comes to about $284,000.
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Year in Review: Electric vehicles, components an emerging industry
A March report from national nonpartisan nonprofit group E2 presented in conjunction with the Cleantech Summit in Chapel Hill said North Carolina leads the nation in clean energy private-sector investments since passage of the $740 billion Inflation Reduction Act.
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National gas prices drop below $3 a gallon just before Christmas travel
"This holiday season is shaping up to be a gift for American drivers," GasBuddy executive says.
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International regulatory authority says California grid at risk of energy shortfalls
The NERC report noted that even though the grid covering most of California, and parts of Nevada and Baja Mexico, has new energy coming online from solar and batteries, the retirement of natural gas power that can run any time of day, regardless of weather, could cause shortfalls.
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Outgoing Biden administration supporting climate lawsuits that threaten American energy
Legacy of Litigation: Should the cases go through state courts, where they're more likely to succeed, companies that produce large amounts of emissions, which includes utilities and heavy industries, may be forced to shut down.
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California emission regulations on the chopping block, EPA allows gas car ban
In the case the court will take up, Diamond Alternative Energy, LLC v. EPA, et. al, it will decide if the fuel producers have standing to challenge the state’s strict vehicle emission rules. A lower court previously ruled that they do not, leading them to appeal to the Supreme Court.
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Harris promised not to mandate EVs, but the Biden admin just approved California’s EV mandate
Despite promises made by the Biden-Harris administration, on Wednesday it authorized California’s plan to ban the sale of gas-powered cars by 2035. About a dozen states have indicated they may follow California's lead.
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Energy Department watchdog warns rushed loan approvals under Biden creates risk of fraud and abuse
The Loans Programs Office is administering the loans, according to the agency's inspector general, without “ensuring a regulatory and contractually compliant and effective system to manage organizational conflicts of interest."
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State report: California utility prices rising 51% faster than national average
California rates are quickly approaching the break-even point at which it it becomes cheaper to power a car with gasoline than with electricity from the grid.