Energy
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Chevron CEO forecasts oil-supply shortages that will begin constracting economies worldwide
Wirth said economies will begin shrinking, starting with Asia and then Europe would follow, as demand responds to rising prices. The U.S. would be shielded from the worst of it, he said, but not entirely.
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U.S.-Canada pipeline reviving Keystone XL secures nearly all commitments needed to start building
The companies building the pipeline have secured commitments for nearly 80% of the pipeline's capacity, which is typically the target pipeline companies try to hit before beginning construction.
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Separatist in Alberta, Canada, say they collected enough signatures for vote on secession
Stay Free Canada said it formally submitted 302,000 signatures of the 178,000 names it needs for the measure to get on the ballot. If passed, Alberta would become independent of Canada.
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Louisiana turns data center incentive playbook toward aerospace
A new cluster of bills recently filed offer aerospace companies making major investments a wide range of tax incentives and exemptions, as well as shielding them from certain liabilities.
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Michigan resumes EV charger rollout with $51M in NEVI funds
The Federal Highway Administration has signed off on Michigan’s fiscal year 2026 Electric Vehicle Infrastructure Deployment Plan, allowing the state to begin spending its remaining $51 million of taxpayer funds in National Electric Vehicle Infrastructure funds.
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U.S.-Israel-Iranian conflict escalating global energy, supply chain crisis
Industry experts argue that although reopening the strait is imperative, extensive damage has been done that will take years to fix and consumers can expect costs to go up and stay up.
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Ukraine long-range drones batter Russian oil refinery near St. Petersburg
The strike, which took place deep into Russian territory, wahobbls part of a strategy to limit Russia's oil experts
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Diesel prices hit $8 in San Francisco -- an all-time record
Gasoline prices throughout the state are above $5 per gallon, among the highest in the country.
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OPEC+ to increase oil output as Strait of Hormuz remains effectively closed
The increased production is about 2% of the reduced global supply stemming from the conflict in Iran.
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Gas prices increase to national average of $4.104, AAA reports
Earlier in the week, average gas prices jumped past $4 for the first time since 2022.
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Texas oil and gas industry reporting job losses
Lower rig counts mean less extraction jobs and less investment in drilling new wells.
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U.S. LNG exports up again in March on global panic buying
Cheniere Energy CEO said at the CERAWeek Conference in Houston on March 25 that his company is doing “whatever it can” to increase production.
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Taxpayer-funded science academy will keep controversial climate chapter in judicial training manual
The National Academies of Science, which received $200 million from federal agencies in 2024, refuses to remove a chapter about climate from a science manual provided to thousands of judges. Critics argue it is one-sided and biasing judges in climate lawsuits. A new study details the left-wing funding, and possible self-interest that the academies are promoting.