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Article courtesy of RMI.By Katie Siegnerm, Mark Dyson, & Gabriella Tosado Despite serving only 13 percent of US electricity load, electric cooperatives loom large in conversations about the US energy system’s past, present, and future. The initial vision for nonprofit electric co-ops dates back to the New Deal, when the Rural Electrification Act of 1936 authorized
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The U.S. rotary rig count is within striking distance of hitting the 500 mark, adding seven rigs to reach 491 this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all seven of the additional U.S. drilling units are oil rigs, now totaling 387. The
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(Bloomberg) — Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, completely recouping a selloff on Monday that was stoked by the rapidly spreading delta variant.
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The Australian government is keen on an economic recovery from covid that is led by gas — used domestically and also sold to our Asian trading partners. Gas, they say, is the bridge to a cleaner future. They promote and fund gas over any form of renewable energy. Australian conservative politicians at the federal level
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Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters The challenges around climate and renewable energy appear to be outweighing higher oil prices for investors, and that dynamic will hold back stocks like Chevron, according
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(Bloomberg) — Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York climbed 2.3% on Thursday after posting the biggest gain in three months on Wednesday. Gasoline demand is essentially back to normal in many
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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