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Tuesday, December 24, 2024

ENERGY

Oil Chiefs Set to Counter Partisan Attacks at Congressional Hearing

(Headline USA) Top executives at ExxonMobil and other oil companies are set to testify at a House hearing Thursday as congressional Democrats hunt for what they consider a decades-long, industry-wide campaign to spread alleged disinformation about the role of fossil fuels in causing global warming. Top officials at four major oil...

Chinese Coal Prices Hit Record High as Global Energy Demand Surges

Coal prices in China set a record high as the Middle Kingdom has tried in vain to resurrect its once-dominant economy in the face of COVID-19, cold weather and a power crunch, reported the Epoch Times. Coal prices are going parabolic in China, with futures climbing 110% since Sep 1...

Budget Reconciliation Bill Includes $6B in Fines, Fees on Oil and Gas Industry

(Bethany Blankley, The Center Square) About $6 billion in new taxes, fees and fines specific to the oil and gas industry are on the table in President Joe Biden's $3.5 trillion budget reconciliation plan before Congress. Four groups representing hundreds of oil and gas businesses have urged Congress to scrap...

China to Snub UK Climate Summit Next Month as It Ignores Paris Compact

Chinese president Xi Jinping won’t be attending next month's Cop26 climate summit in the United Kingdom dashing hopes of any meaningful global progress to fight global warming as other countries submit to draconian restrictions from the Paris Climate Accord. China’s Xi Won’t Attend COP26 Summit in Glasgow: The Times So the...

Biden’s Energy Shortage May Create 54% Spike in Heating Costs This Winter

Americans already reeling from a 13-year inflation high, should prepare for heating bill to shoot up dramatically this winter, says the government. 72 days till ? Christmas and it's going to be a budget buster... ⛽️ Gas prices are skyrocketing ✈️ Airlines are in chaos ? Heating costs are up ? Toy shortages are...

Biden Plans Offshore Wind Farm as Consumer Energy Costs Skyrocket

In response to the growing shortage of energy that critics say has been self-imposed by the administration’s policies, the Biden White House announced that it is developing plans for a massive wind farm stretching along the Atlantic Ocean on the East Coast of the U.S., Yahoo reported. “The announcement came...
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