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Daily posts about energy.
Energy Insider January 2025 Issue #7: Oil Prices Slide Amid Trump’s Energy Policies Trump pushes for more U.S. output, challenges OPEC What’s Going On:Oil prices saw a small uptick on Friday but are on track to finish the week lower. Brent crude rose 0.3% to $78.54 a barrel, while U.S. West Texas Intermediate (WTI) increased to $74.84. Despite these gains, Brent and WTI are down 3% and 4%, respectively, for the week. This decline comes after President Trump announced plans to boost U.S. oil...
Energy Insider January 2025 Issue #6: UAE Builds World’s Largest Solar and Battery Project 24/7 clean energy becomes a reality. What’s Going On:The United Arab Emirates is creating the biggest solar and battery project in the world. A massive solar farm (5.2 GW) will work with a powerful battery system (19 GWh) to provide clean energy around the clock. This effort is led by Masdar and Emirates Water and Electricity Company (EWEC). Why It Matters: Solving a Key Challenge:Solar power is clean,...
Energy Insider January 2025 Issue #5: New York’s $75 Billion Climate Fund Faces Legal Hurdles Big Oil battles Albany’s sweeping tax. What’s Going On: New York State has enacted a $75 billion climate “superfund” law aimed at holding oil companies accountable for global greenhouse gas emissions from 2000 to 2018. Signed by Governor Kathy Hochul, the law seeks to fund environmental remediation projects through annual payments over 24 years from fossil fuel companies operating in the state. Key...