In a stark warning that echoes growing concerns across the global energy sector, Russia’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. “We are now seeing traditional […]
The State of California sent a large delegation to the Conference of the Parties (COP) in Belém, Brazil, including California Governor Gavin Newsom and top officials from the California Natural Resources Agency, Department of Food and Agriculture, Air Resources Board, Public Utilities Commission, and Governor’s Office of Tribal Affairs. Interestingly, the leaders of the world’s […]
ENB Pub Note: This is from The Merchant’s News on Substack, and Stu Turley will interview Giacomo Prandelli in December about this and several other global energy issues. We recommend following and subscribing to his Substack. Take a look at how Russia has survived, and the new Natural Gas pipeline to China will take 4 […]
This is an important story that is evolving as we speak. Stu Turley wrote about this a year ago, and it is now evolving into a mix of how the global finance market is morphing into gold-backed securities rather than a security based upon nuclear military might. This is a huge change, and when you […]
In a bold move that could reshape America’s energy landscape, the Trump administration is advancing plans to restart offshore oil and gas drilling along California’s coastline for the first time in decades. The draft proposal from the Bureau of Ocean Energy Management (BOEM) outlines six lease sales off the Pacific coast, primarily around Santa Barbara […]
In a striking reversal that underscores the enduring grip of fossil fuels on the global economy, the International Energy Agency (IEA) has updated its forecast, now projecting that oil demand will continue to climb until at least 2050. Under its Current Policies Scenario (CPS), the IEA anticipates global oil consumption reaching 113 million barrels per […]
In the ever-evolving landscape of global energy markets and finance, few concepts have sparked as much debate as the “petrodollar.” Coined to describe the system where oil is predominantly priced and traded in U.S. dollars, this arrangement has underpinned American economic dominance for decades. But recent shifts—ranging from Saudi Arabia’s geopolitical realignments to surging gold […]
Weekly Daily Standup Top Stories Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron November 15, 2025 Clark Savage In a landscape where energy markets are grappling with uncertainties around oversupply and the push toward renewables, Chevron CEO Mike Wirth stands firm in his optimism for the oil and gas sector. Speaking […]
In recent months, skyrocketing electricity bills have become a flashpoint in American households and political debates alike. With average U.S. residential prices climbing from around 13 cents per kilowatt-hour (kWh) in 2020 to 19 cents per kWh in 2025, consumers are feeling the pinch. Many pundits and policymakers have pointed fingers at the explosive growth […]
In a groundbreaking advancement for nuclear energy, China has successfully achieved the world’s first thorium-to-uranium fuel conversion in an operational thorium-based molten salt reactor (TMSR). This milestone, announced on November 1, 2025, by the Shanghai Institute of Applied Physics under the Chinese Academy of Sciences, marks a significant step toward sustainable and abundant nuclear power. […]
