Xcel Energy seeks new rate increase in Colorado

Xcel Energy customers in Colorado will see higher bills starting Oct. 1 if state regulators approve the utility’s request for a rate increase. Xcel said the price for natural gas is rising substantially because demand is outpacing supplies, which are 20% below historical averages. In addition, gas-processing facilities were damaged by Hurricane Ida when it… Continue reading Xcel Energy seeks new rate increase in Colorado

Natural gas prices are rising and could be the most expensive in 13 years this winter

Natural gas prices have been racing higher and are now 99% higher year-to-date, on combination of supply concerns and rising demand. Natural gas is expected to keep rising, and if there is an especially cold winder, Goldman Sachs analysts see the potential for another doubling of price. The jump in prices will impact some consumers… Continue reading Natural gas prices are rising and could be the most expensive in 13 years this winter

The World is Switching to Green Energy for Mining While China Bans it

Energy consumption in mining cryptocurrencies is a problem for most countries in the world. Countries are looking for energy efficient ways to produce cryptocurrency. However, some of them are doing the opposite and cracking down on miners of digital currencies. According to Digiconomist’s Bitcoin Energy Consumption Index, released in June 2021, it is stated that… Continue reading The World is Switching to Green Energy for Mining While China Bans it

The World is Switching to Green Energy for Mining While China Bans it

Energy consumption in mining cryptocurrencies is a problem for most countries in the world. Countries are looking for energy efficient ways to produce cryptocurrency. However, some of them are doing the opposite and cracking down on miners of digital currencies. According to Digiconomist’s Bitcoin Energy Consumption Index, released in June 2021, it is stated that… Continue reading The World is Switching to Green Energy for Mining While China Bans it

Bill Gates is among the backers of stealthy battery company Form Energy, but it has a lot to prove

On Tuesday, Form Energy announced it closed a $240 million Series D funding round. Among the backers renewing is Breakthrough Energy Ventures, which includes celebrity investors like Bill Gates and Jeff Bezos. The company has not shared data or proof its iron-air battery technology works with the public. CNBC talked to investors, partners and outside… Continue reading Bill Gates is among the backers of stealthy battery company Form Energy, but it has a lot to prove

US energy firms weigh in on employee vaccine mandates

Biden pushes for COVID booster vaccines by September Infectious disease expert Dr. Amesh Adalja argues that the necessity for the healthy general public to get booster shots is a bit ‘muddled.’ The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the… Continue reading US energy firms weigh in on employee vaccine mandates

Exxon launches U.S. shale gas sale to kick-start stalled divestitures

The top U.S. oil producer three years ago set a goal of raising $15 billion from sales by December. More recently, it promised to accelerate lagging sales to whittle a record $70 billion debt pile. The company's XTO Energy shale unit is seeking buyers for almost 5,000 natural gas wells in the Fayetteville Shale in… Continue reading Exxon launches U.S. shale gas sale to kick-start stalled divestitures

Energy secretary visits Colorado to promote administration’s focus on renewable energy, climate change

With a number of environmental groups calling for bolder action by the Biden administration on climate change, U.S. Energy Secretary Jennifer Granholm visited Colorado on Thursday to promote the investments a bipartisan bill makes in clean energy and cutting greenhouse-gas emissions. Granholm’s tour with U.S. Sen. John Hickenlooper, D-Colo., of a community solar garden in… Continue reading Energy secretary visits Colorado to promote administration’s focus on renewable energy, climate change

Singapore files 105 new charges against founder of oil trader Hin Leong

Singapore's public prosecutor filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading, relating to $2.23 billion in fraudulent disbursements. Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in… Continue reading Singapore files 105 new charges against founder of oil trader Hin Leong

Singapore files 105 new charges against founder of oil trader Hin Leong

Singapore's public prosecutor filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading, relating to $2.23 billion in fraudulent disbursements. Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in… Continue reading Singapore files 105 new charges against founder of oil trader Hin Leong

Energy experts explain why Texas is facing power shortages again

Texas power failure shows importance of making systems more ‘resilient’: Eos Energy CEO Joe Mastrangelo on energy storage, Texas  Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.  The conservation request is sure to trigger flashbacks… Continue reading Energy experts explain why Texas is facing power shortages again

Cramer says meme stocks 'should be offered at the casino,' not on Wall Street

Trading meme stocks is more like gambling than investing, CNBC's Jim Cramer said. "These should be offered at the casino," he said. "Why are they offered at the New York Stock Exchange?" Cramer added that he wants young investors to make money in the stock market, but they must know "it's not a game." CNBC's… Continue reading Cramer says meme stocks 'should be offered at the casino,' not on Wall Street

4 Energy Master Limited Partnerships Pay Gigantic 8% and Higher Dividends

Oil has been somewhat range-bound as we head into summer in a few weeks, but the good thing for most oil producers is that over $60 a barrel, and closing in on $70, most are able to wring out very solid profits at these levels. The good news for investors is that the top energy… Continue reading 4 Energy Master Limited Partnerships Pay Gigantic 8% and Higher Dividends

APA, Bloom Energy, NetApp and More Thursday Afternoon Analyst Calls

With the trading day about halfway over, the markets were sliding, with the tech sector getting the worst of it. The S&P 500 and Dow Jones industrial average were down 0.4% and 0.6%, respectively. The Nasdaq was down about 1.1%. 24/7 Wall St. is reviewing some big analyst calls seen on Thursday. We have included… Continue reading APA, Bloom Energy, NetApp and More Thursday Afternoon Analyst Calls

5 Sizzling Energy Stocks Trading Under $10 With Oil Closing in on $70 a Barrel

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share… Continue reading 5 Sizzling Energy Stocks Trading Under $10 With Oil Closing in on $70 a Barrel

After a week of setbacks for Big Oil, France's Total wins support for its climate strategy

Investors in Total backed the company's climate strategy on Friday, according to chairman and CEO Patrick Pouyanne. Three major energy companies found themselves in the headlines this week, in what climate activists described as a "crushing" day for Big Oil. Total shareholders also voted overwhelmingly in favor of rebranding the company to TotalEnergies, as the… Continue reading After a week of setbacks for Big Oil, France's Total wins support for its climate strategy

Greenpeace: Bitcoin energy problem speaks to wider challenge for internet’s future

With the hindsight of today’s perspective on Bitcoin’s (BTC) exorbitant energy consumption, it might come as something of a surprise to learn that the international non-governmental environmental organization Greenpeace was one of its earlier adopters. Back in 2014, the organization set up a facility for accepting Bitcoin donations, yet this enthusiasm has now cooled, as widespread attention has… Continue reading Greenpeace: Bitcoin energy problem speaks to wider challenge for internet’s future

Brazil fund Perfin to invest $1 bln in renewables, mainly solar

SAO PAULO, May 17 (Reuters) – Brazilian fund manager Perfin has created a new company focused on renewable energy generation, especially solar, with expected investment totaling 5.5 billion reais ($1 billion) by 2025, a company executive told Reuters. The new company Mercury Renew, which has an operational partnership with energy generator Servtec, is Perfin’s latest… Continue reading Brazil fund Perfin to invest $1 bln in renewables, mainly solar

Coca-Cola tires on energy drink and will stop sales in North America

Coca-Cola is restructuring and revamping its brand Barron’s associate editor Andrew Bary reacts on ‘Barron’s Roundtable’ Coca-Cola Co said on Friday it would discontinue its energy drink in North America, a product it launched with fanfare last year as it pushed into new beverage categories. The decision comes as a part of the company's move… Continue reading Coca-Cola tires on energy drink and will stop sales in North America

Contact Energy says it will do more to consult over impact of Clyde Dam

Power giant Contact is caught up in a gooey mess at Cromwell in Central Otago. Following a protest, the near-$6b company acknowledges it could be doing more to work with interest groups over the management of Lake Dunstan, the huge body of water formed by the Clyde Dam, 23km upstream. It has also called in… Continue reading Contact Energy says it will do more to consult over impact of Clyde Dam

White House pushing for 80% clean U.S. power grid by 2030, source says

The White House hopes to push Congress to pass a law requiring the U.S. grid to get 80% of its power from emissions-free sources by 2030. The goal would fall short of President Joe Biden's stated ambition of net-zero carbon emissions in the grid by 2035. Requiring utilities to move away from coal and natural… Continue reading White House pushing for 80% clean U.S. power grid by 2030, source says

Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy in President Joe Biden’s infrastructure plan.FILE PHOTO: U.S. President Joe Biden delivers remarks on the state of the coronavirus disease (COVID-19) vaccinations from… Continue reading Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives

Biden tax plan replaces fossil fuel subsidies with incentives for clean energy: U.S. Treasury

FILE PHOTO: U.S. President Joe Biden delivers remarks on the state of the coronavirus disease (COVID-19) vaccinations from the State Dining Room at the White House in Washington, D.C., U.S., April 6, 2021. REUTERS/Kevin LamarqueWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday released a tax hike plan that would replace subsidies for fossil… Continue reading Biden tax plan replaces fossil fuel subsidies with incentives for clean energy: U.S. Treasury

Biden tax plan replaces fossil fuel subsidies with incentives for clean energy: U.S. Treasury

FILE PHOTO: U.S. President Joe Biden delivers remarks on the state of the coronavirus disease (COVID-19) vaccinations from the State Dining Room at the White House in Washington, D.C., U.S., April 6, 2021. REUTERS/Kevin LamarqueWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday released a tax hike plan that would replace subsidies for fossil… Continue reading Biden tax plan replaces fossil fuel subsidies with incentives for clean energy: U.S. Treasury