Despite a long streak of strong profits, shale companies are slowing their oilfield activity, keeping U.S. oil output roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has not materialized as creeping inflation-related costs, supply chain snarls and disappointing well performance for … Read more
Russia’s invasion of Ukraine has produced a number of surprising changes in Germany over the past seven months: significantly higher defense spending, the delivery of lethal weapons to a combat zone, new realism on the limits of trade-based diplomacy. But the surest proof that Europe’s largest economy is entering “signs and wonders” territory is that … Read more
The Select Committee to Investigate January. 6. Attacks on the US Capital began its investigation last year and has conducted nine hearings to date. Last spring, Federal District Court Judge David O. Carter reviewed evidence submitted by the committee and concluded that President Trump “launched a campaign to overturn a Democratic election, an act unprecedented … Read more
Elon Musk first tried to abandon a $44 billion deal to take over Twitter in July. Photo: Michael Gonzalez/Getty Images Updated September 9, 2022 at 19.12 ET A lawyer for Elon Musk argued in a letter Friday to Twitter Inc. TWTR 0.81% that a roughly $7 million payment the company made to a whistleblower gives … Read more
Elon Musk first tried to abandon a $44 billion deal to take over Twitter in July. Photo: Michael Gonzalez/Getty Images Updated September 9, 2022 at 19.12 ET A lawyer for Elon Musk argued in a letter Friday to Twitter Inc. TWTR 0.81% that a roughly $7 million payment the company made to a whistleblower gives … Read more
America is struggling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different from the problems that hit the country in the 1970s is how it started and the solutions needed to end it. This current challenge began with a decade of affordable … Read more
America is struggling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different from the problems that hit the country in the 1970s is how it started and the solutions needed to end it. This current challenge began with a decade of affordable … Read more
The amnesia about energy security is over. The global energy crisis, which is fueling record high inflation, is shaking governments as consumers are stunned and angry at high prices and the prospect of shortages. The general concern about energy security had disappeared over the past decade, in part due to the advent of U.S. shale … Read more
President Biden and his aides continue to say that they are doing everything they can to produce more oil and gas in the United States. They apparently think the Americans are not paying attention because his administration keeps doing rule after rule to throttle production. The latest comes from the Environmental Protection Agency, which has … Read more
The Biden administration blames Vladimir Putin and US energy producers for the energy crisis. In fact, it is the result of a failed approach that pursues unattainable goals of green energy instead of realistic ones. If this approach continues, costs will continue to rise while dependence on foreign sources increases. That’s what happened in my … Read more