In a significant development shaking up the energy and petrochemical sectors, Warren Buffett’s Berkshire Hathaway Inc. is reportedly on the verge of acquiring OxyChem, the petrochemical division of Occidental Petroleum Corp., for approximately $10 billion. This deal, if finalized, would mark Berkshire’s largest acquisition since its $11.6 billion purchase of Alleghany in 2022 and underscores […]
In a move that underscores the Trump administration’s commitment to fiscal responsibility and energy priorities, the U.S. Department of Energy (DOE) has announced the termination of 223 energy projects, canceling approximately $7.56 billion in federal funding. This decision follows a comprehensive review initiated on the first day of the administration, targeting awards deemed inefficient or […]
Data source: U.S. Energy Information Administration, State Energy Data System Data values: Total energy consumption by end-use sector and primary energy consumption by source In 2023, Texas consumed more energy than any other state. Total energy consumption in Texas was twice as much as in California, the second-highest consuming state, and more than three times as much as in Florida, […]
The WSJ writes, automakers are scrambling to unload lingering EVs on dealer lots around the country, now that a $7,500 tax credit that juiced EV sales for years has expired. The EV credit, which expired Sep 30, has lifted battery-powered car sales for years. Without it, Ford Motor Company CEO Jim Farley predicted, EV market […]
In a bold address to the United Nations General Assembly last week, President Donald Trump lambasted international climate agreements and green energy initiatives, calling them “job-killing schemes” that hinder economic growth and energy independence. Trump’s speech, which echoed his administration’s pro-fossil fuel stance, has sent ripples through global markets. With policy reversals favoring deregulation in […]
In a rapidly evolving energy landscape, major oil companies are shedding weight to stay competitive amid fluctuating crude prices, mergers and acquisitions, and technological disruptions. As highlighted in a recent Wall Street Journal piece, giants like ExxonMobil are leading the charge with significant workforce reductions—Exxon alone is cutting 2,000 jobs globally, about 3% of its […]
In a milestone that’s sending ripples through financial markets, the U.S. Treasury’s gold reserves have surpassed $1 trillion in market value for the first time ever. This surge, fueled by gold prices climbing to record highs above $3,800 per ounce in October 2025, highlights the yellow metal’s role as a safe-haven asset amid economic uncertainty. […]
In this episode of Energy Newsbeat – Conversations in Energy, host Stu Turley talks with Mikey Lucas, COO & Partner at MSB Global Services and Matrix Data Center, about the future of AI, data centers, and America’s energy dominance. Mikey shares his journey from self-taught entrepreneur to leading a three-gigawatt data center project powering the AI boom. The discussion covers: Why […]
The U.S. federal government officially entered a shutdown on October 1, 2025, after Congress failed to pass a stopgap funding bill amid partisan divisions between Republicans and Democrats. This marks the first such lapse in nearly seven years, with immediate ripple effects across various sectors, including energy. While the economic drag is estimated at about […]
ENB PUB Note: A great article from Ronald Stien, author and friend of the Energy News Beat podcast. He raises some significant points regarding Ukraine, Russia, and California. The key point is energy infrastructure. I still feel that the best way to end the Ukraine war is to get President Putin to the table with […]
