Know What's Happening in Energy
Know What's Happening in Energy
JPMorgan flags $1 trillion U.S. power‑grid upgrade spend amid aging infrastructure
The bank warns that the U.S. grid, averaging nearly 60 years old, faces a national‑security risk and projects roughly $1 trillion in upgrades between 2026 and 2035, part of a $5.8 trillion global spend. Rising AI‑driven data‑center demand could add 100 GW of peak load by 2030, intensifying the upgrade need.
Also developing:
By the numbers: Oil majors secure $164M Alaska lease package
Oil CEOs say current forward contracts underestimate the market strain caused by the ongoing Middle East Gulf war. Physical supplies of crude and refined products remain constrained, creating a gap between futures prices and real‑world scarcity. Executives warn that as the conflict persists, spot prices could outpace forward curves, prompting volatility. The warning underscores a potential misalignment in risk assessments across traders and end‑users.
Alberta Premier Danielle Smith announced that developers are close to finalizing a viable route and Pacific‑coast terminus for a new crude pipeline from the province’s oil sands. The project seeks to unlock additional capacity for Canadian crude to reach global...
Europe’s energy strategy is being reshaped by geopolitical shocks, first the Russian gas cut after Ukraine’s war and now the Iran conflict. While the United States has stepped up as a key LNG supplier, rising prices and reliability concerns have...
Tensions in the Middle East remain high as the United States and Iran stepped back from a potential escalation on Monday. ADNOC chief Sultan al‑Jaber denounced Iran’s continued control of traffic through the Strait of Hormuz as “economic terrorism” during...
HMH files $231.4M US IPO (10.5M sh @ $19–22). Macro: energy recovery lifts services. Key: drilling-equipment focus; led by J.P. Morgan/Piper Sandler/Evercore. Risks: cyclicality, oil-price volatility. Trade: selective long on rig-count breakout 📈 — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Australian Prime Minister Anthony Albanese announced a bilateral understanding with Singapore’s leader Lawrence Wong to maintain the flow of essential fuels such as diesel and liquefied natural gas. The pledge comes as both countries confront tightening global fuel supplies and...
Ecuador’s oil output is collapsing as landslides, aging pipelines and a wave of sabotage slash production. The country’s role as a transshipment hub for roughly 70% of the world’s cocaine has sparked a 20‑fold surge in fuel theft and violent...
The average global gasoline price is $1.37 per liter as of March 16, 2026. Prices vary widely; wealthier nations generally pay more, while oil‑producing or poorer countries pay less. The United States is an outlier with low prices despite high income. Tax...
New Pipeline Report Misused by Danielle Smith to Justify Oil Sands Expansion Economists Peter Tertzakian and Mark Parsons (atbfinancial) ignore key variables that undermine, perhaps negate, projected gains. Was it intentional? You decide. #abpoli #ableg https://markhamhislop.substack.com/p/new-pipeline-report-misused-by-danielle
Ecosuite and Ecogy Energy have been chosen by the District of Columbia Public Service Commission for a five‑year pilot that tests virtual power plant (VPP) concepts on the city’s grid. The project will install Ecosuite’s open‑source software and edge compute...
The Electric Power Research Institute (EPRI) has introduced Flex MOSAIC, a voluntary framework that classifies flexibility of large electric loads such as data centers. Developed with more than 65 utilities, system operators, regulators, hyperscalers and technology firms, the scheme defines...
TotalEnergies has signed settlement agreements with the U.S. Department of the Interior to relinquish its Carolina Long Bay and New York Bight offshore wind leases, receiving a total reimbursement of $928.3 million. The company will reinvest the full amount in U.S....
Massachusetts’ 2025 Duxbury Land Court decision extended the Dover Amendment’s Solar Energy Provision to standalone battery energy storage systems, removing a key zoning barrier. The ruling, reinforced by a new statewide BESS zoning bylaw, aligns permitting requirements for storage with...
POWERGEN has opened its Call for Content for the 2027 conference, inviting engineers, plant managers, developers and executives to submit case studies and lessons learned by May 18, 2025. The event, scheduled for Jan 18‑21, 2027 in Salt Lake City, seeks practical, non‑commercial presentations...
Lake Mead is receding at a rate faster than recent forecasts, threatening to drop below the intake levels of Hoover Dam’s turbines within the next few years. Federal data shows the lake could lose enough water to shut down most...
Venture Global Inc. announced a short‑term contract to supply Vitol Inc. with 1.5 million tonnes per year of LNG starting in 2026. The agreement ties pricing to the Henry Hub natural‑gas index, offering a market‑linked price mechanism. Venture Global said the...
University of Calgary's newly formed Centre for Far‑From‑Equilibrium Nanostructured Cleantech Materials (CeFar) received a CAD 4.25 million (≈US 3.1 million) grant from the Canada Foundation for Innovation. The funding will expand CeFar’s ten labs across the Schulich School of Engineering and Faculty of Science,...
Month two. No de-escalation. More troops. Kharg Island occupation being planned. In my experience, markets that price short conflicts and get long ones reprice quickly and painfully. Kharg Island handles 90%+ of Iran's oil exports. The implicit assumption built into current market prices...
War unleashes many horrors, including environmental ones. Satellites are starting to reveal the details. https://www.bloomberg.com/news/articles/2026-03-23/iran-war-missile-attack-on-ras-laffan-spurs-increased-flaring-satellites-show
President Donald Trump announced a five‑day pause on planned strikes against Iran’s energy infrastructure, citing "productive conversations" with Tehran. The talks, led by envoys Steve Witkoff and Jared Kushner, reportedly involved Iranian parliament speaker Mohammad‑Bagher Ghalibaf, though Iran publicly denied...
Mel Olken, the inaugural executive director of the IEEE Power & Energy Society (PES) and founding editor‑in‑chief of Power & Energy Magazine, passed away at 92 after a career shaping power‑generation standards and professional development. He began as an electrical...
U.S. natural‑gas inventories withdrew 43 billion cubic feet (Bcf) in the week to March 20, trimming the year‑over‑year surplus to about 101 Bcf. The lower‑48 storage balance is projected to end March at roughly 1,846 Bcf, still 68 Bcf above the 2010‑median but narrowing the...
The U.S. Department of the Interior announced a $928 million payment to French oil major TotalEnergies to relinquish two offshore wind leases in Carolina Long Bay and New York Bight, effectively halting planned wind projects. The agreement, unveiled by Interior Secretary Doug...
Commodity Context released its March 2026 Global Oil Data Deck, highlighting the profound impact of the Iran‑War‑driven Hormuz stoppage on oil balances. Confirmed production shut‑ins are set to push the market into its largest deficit on record through March, while...
As with its nuclear program, Iran can not unlearnt new knowledge. And Tehran has learnt lots in the last 4 weeks. Iran assumed the Strait of Hormuz gave it a lever. But its effectiveness was unproven, and it didn’t know...
“Using a pay-not-to-play scheme to pressure a company to not build offshore wind is an outrageous abuse of taxpayer dollars”
Ford and SK On are winding down their $11.4 billion BlueOval SK battery joint venture, prompting a delay in the planned layoffs at the Glendale, Kentucky plant. The initial cut of roughly 1,500 workers, slated for mid‑February, has been pushed back, with...
Pioneering community solar and battery project launches after “12 years of hard work” #energysky -- via Renew Economy: https://t.co/FD3yT4CRwt https://t.co/bmZFQ5hfhQ
No matter how you slice it, the United States stands to gain the most from the Hormuz crisis—but keep the timeframes separate, or the picture gets muddled fast. 👇👇👇
Middle Eastern liquified natural gas (LNG) might not come to Europe till June, and why speculative hoarding of oil is a serious concern going forward, per top shipping/energy hedge fund in shipping and energy trading A must watch
Sweden Tests eRoadArlanda Electrified Road That Charges #EVs While Driving by @_fluxfeeds #EmergingTech #Technology #Innovation #Tech https://t.co/beRq3hfFwZ
Ann Arbor, Michigan, prepares to launch its own clean energy utility #energysky -- via Canary Media: https://t.co/BKweRPU2zr
👀ICYMI: Here's this morning's @axios Future of Energy newsletter from #CERAWeek, the Catalina Wine Mixer of western hemisphere #energy conferences. Some behind-the-scenes color, a fusion scoop, AI news, and more. Link in next post. #LNG #OOTT
I've been watching a really interesting debate here on grid buildout vs grid utilization. This week on Open Circuit, I've got @BrianJanous and @CarolineBGolin together on the show to hash this out. Where should I focus the parameters of the...
#BrentOil Comp big Down Candle and Bearish Engulfing. Resistance $112.1. Support $91.8, $84, $80, $69.2. Near MACD Bear Cross. RSI 63 dropped from Overbought. Top Bollinger Band $107.9. Midpoint Line $97.7. Bottom Band $87.4.
"We are still seeing markets pricing some degree of oil disruptions. The worst scenarios are off the table, but also the best ones." @austincampbell https://t.co/Mn06ovDktZ
Intertek forecasts higher US solar module prices through 2027 #energysky -- via pv magazine global: https://t.co/WxyHO8ib5x
Plus, you can get twice the power out of the same land simply by repowering existing wind farms. https://t.co/WSQ69VU0c5
By now, everyone knows it will take months for oil supplies to recover from this fiasco. And yet the oil price dropped pretty sharply on today's fake TACO. That seems significant to me...maybe, if we get a proper resolution, markets...
CHART OF THE DAY: Brent crude oil has settled today below $100 a barrel (at $99.94 a barrel). As the chart shows, still way higher than pre-crisis levels, but also well below the peak reached during the early days of...
This is about as sick as it gets. Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms. In exchange, the French company TotalEnergies would invest in oil and natural gas projects in Texas and elsewhere. https://t.co/2VC6NSQv9N
IEA released 400 million barrels. The largest emergency release in history. Oil is STILL above $110. $112.76 Brent right now. When the biggest intervention ever can't move price, the supply damage is real. $XLE https://t.co/dls2Gube4l
Just to demonstrate once and for all that the Breakthrough Institute (@TheBTI) is a climate-denying, pro-fossil/nuc group, here is their "Amicus Brief," authored by (led by Nordhaus & Trembath) supporting Trump's Executive Orders Unleashing Fossil Fuels https://t.co/l9xcTFk2qA
Jet fuel prices have DOUBLED to over $200/barrel since the Iran war. Asian airlines and energy suppliers face MAJOR SHORTAGES. SIGNS OF A MAJOR CRISIS ARE APPEARING: Thousands of flights have already been canceled AIRLINES SHOULD SEND A BILL FOR DAMAGES TO...
Non-consensus view here @fejau_inc @qthomp ... Feels like short term inflation expectations are likely making a top here. Obviously this has a lot to do with oil. If oil can't go any higher on the headlines now, time to pay attention.......
Gas infrastructure is spewing methane and carbon dioxide into the atmosphere as airstrikes intensify and the Strait of Hormuz remains closed. https://t.co/XysNBe1tfC
Depending on where the WTI crude oil front month closes the day, we are looking at either the biggest single-day drop since Jun 23, 2025 or Mar 9, 2022. Either way...massive day...and yet still over 36% higher than the 200-day...
7am: I have a new model that shows oil will be $200/barrel by spring break 9am: I have a new model that shows oil will be under $75/barrel by spring break
The conflict in the Middle East appears to have forced some oil and gas companies to directly burn off more natural gas than usual at their facilities, releasing planet-warming pollution into the atmosphere https://t.co/HkXsn5239y
The US doubled down on its criticism of the EU's rules to curb methane emissions from its oil and gas imports https://t.co/9WCmSzRg2D
