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The U.S. is likely to ask OPEC member states to pump more crude to help ease a surge in energy prices, according to oil historian Daniel Yergin. “Joe Biden knows that high gasoline prices are not good for incumbents,” Yergin, vice chairman of IHS Markit, said Monday in a Bloomberg TV interview. “We’ll certainly be
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Whether it’s a sportsperson trying to outdo their rival on the playing field or a tech giant attempting to develop the latest cellphone and dominate the market, competition and going it alone can drive innovation and success. When it comes to the environment and climate change, however, things are different. As COP26 nears, calls for
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Oil prices around $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. And they see little reason to slow
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By Karina Hershberg, PE For most of human history, work and activity has been shaped by the sun. During the day, humans could farm, socialize, and build. At sunset, activity had to slow down, and shelter found. Energy was only used when energy was available, during daylight hours. We were leading Net Zero Carbon lives
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In this article .VIX An unprecedented trend appears to be underway between the booming energy sector and the turbulent stock market. Over the past ten trading days, the Bespoke Investment Group’s Paul Hickey finds energy has never performed this well while the S&P 500 is trading lower. “The energy sector is up close to 17%
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