Hamilton’s Net Oil Price (WTI) Variable
Hamilton’s Net Oil Price (NOP) metric applies a three‑year rolling average of WTI crude to smooth short‑term volatility. The chart, covering 1970‑2025, highlights recession periods in gray and shows how NOP has behaved across multiple business cycles. While the pre‑2010 era suggested a tighter link between recessions and NOP, the post‑2010 data reveal a weaker association. Conversely, the series tracks closely with the PCE deflator, indicating a stronger relationship with overall inflation.
The Future of Marine Renewable Energy
Global electricity demand is surging, driven by AI and digitalization, heightening climate risks unless clean power expands. Researchers led by Enwei Tang argue that marine renewable energy—offshore wind, tidal, wave, and others—offers a vast, land‑free resource pool capable of delivering...
Labor Releases Details of East Coast Gas Reservation Policy
The Albanese government announced a gas reservation policy effective 1 July 2027, mandating that gas producers on Australia’s East Coast set aside 20 % of their output for domestic consumption. The rule covers spot gas and contracts signed after 22 December 2025, while existing export...
New York Times Shadow Docket Papers Show Flimsy Foundations of the “Major Questions Doctrine” By David Doniger
The New York Times released memos showing the Supreme Court’s shadow‑docket handling of the EPA’s Clean Power Plan, revealing that the justices relied on an industry‑claimed $480 billion cost that was later proven false. EPA’s own estimate was $5‑8 billion per year...
Stocks Aren’t Pricing in Collateral Damage of Shutting Down Strait of Hormuz, Says CIO
Chief Investment Officer Ron Albahary warned that equity markets are downplaying the fallout from a potential shutdown of the Strait of Hormuz, a chokepoint that moves roughly 20% of global oil shipments. He argued that investors are assuming a swift...
US Gasoline and Distillate Inventories Sink Below 5-Year Range, Set to Hit Historic Lows
U.S. gasoline and distillate stockpiles have fallen to levels not seen in five years, according to the latest Energy Information Administration data released on May 6, 2026. Nationwide gasoline inventories slipped to roughly 210 million barrels, while distillate supplies dropped to about 115 million...
The Three Mile Island Trade
In September 2024 Microsoft signed a 20‑year power‑purchase agreement to revive Three Mile Island Unit 1, committing roughly $1.6 billion to bring the dormant reactor online for AI training workloads. Constellation Energy, after acquiring Calpine for $26.6 billion, positioned itself as the largest...
Daily Energy Report
Oil markets tumbled on May 6 after Axios reported a near‑final US‑Iran memorandum of understanding that could end hostilities and reopen the Strait of Hormuz. Brent crude dropped more than 13%, briefly slipping below $100 per barrel to around $98...
Microsoft Weighs Abandoning 2030 Renewable Energy Goal As AI Buildout Tests Limits
Microsoft is weighing a delay or abandonment of its 2030 pledge to match every hour of electricity use with renewable purchases, as the AI‑driven expansion of data centers strains power availability. The firm continues to secure carbon‑free projects, notably a...
THE COMING URANIUM SQUEEZE: The 85M Lb Deficit, the A.I. Demand Shock, the Hollowed-Out U.S. Production Crisis & Why Uranium...
Uranium markets are entering a tight supply cycle, with global demand projected to outpace supply by roughly 85 million pounds, driven largely by AI‑powered data centers and grid modernization. The Sprott Physical Uranium Trust now holds over 81 million pounds—about two years...
From OPEC-Plus to OPEC-Minus
The United Arab Emirates announced it will exit OPEC on May 1, 2026, a move that stunned Saudi Arabia and the broader OPEC+ coalition. The departure reduces the bloc’s production capacity by roughly 3 million barrels per day and raises questions about the...
PHX Energy Services Q1 2026 Update – PHX.TO
PHX Energy Services posted Q1 2026 revenue of C$183.9 million (≈US$136 million), a 5% decline from a year ago, while gross profit fell 25% to C$30.4 million (≈US$22.5 million). Adjusted EBITDA dropped 26% to C$30 million (≈US$22.2 million), pushing the dividend yield to 6.8% on a C$11.80...
Burning Money: Waha Gas Price
Upstream operators in the Permian are facing a 47‑day stretch of negative gas prices at the Waha hub, driven by a surge of roughly 22 Bcf/d of associated gas from record tight‑oil drilling that outpaces existing takeaway capacity. The imbalance forces...
John Crane Saves 99.8% on Water for LNG Exporter
John Crane’s Type SB2 USP dual‑cartridge seal reduced water consumption at a Louisiana LNG export facility from roughly 2,000 gallons per day to just 3‑4 gallons, achieving a 99.8 % cut. The seal operates reliably at 180‑200 °C, eliminating the need for a continuous...
Ninety One-Managed EAAIF Backs Sustainable Aviation Fuel Project
Emerging Africa & Asia Infrastructure Fund, managed by Ninety One, has committed a $40 million senior secured loan to finance Egypt’s first sustainable aviation fuel (SAF) plant in the Sokhna Special Economic Zone. The $212.4 million project, led by Green Sky Capital...
Why Each American Lives Like a 40-Ton Whale: Power, Overshoot, and Climate
The Great Simplification podcast episode with earth scientist Tad Patzek examines the physical laws that govern humanity’s energy use, likening the average American’s consumption to a 40‑ton whale. Patzek outlines six fundamental flows of power and materials that sustain civilization...
Lithium Boat Batteries: Been Thinking About Them?
LiFePO4 (Lithium Iron Phosphate) batteries are gaining traction in the marine market due to their safety, high performance, and long life. Historically, their upfront price has been three to five times that of premium AGM lead‑acid batteries, but West Marine’s...
Turning CO2 Into Valuable Chemicals: Tiny Material Interfaces Make a Big Difference
Researchers at National Taiwan University and the University of North Dakota have demonstrated that palladium nanoparticles supported on indium oxide (Pd/In₂O₃) dramatically improve electrochemical CO₂ reduction to formic acid. At –1.1 V vs RHE the catalyst lifts Faradaic efficiency from ~30%...
Be Careful: Don’t Fall for the US-Iran Deal Hype — Brent Drops Below $100
Oil markets tumbled as optimism grew around a possible US‑Iran cease‑fire. The United States said it expects Iran to answer a one‑page memorandum of understanding within 48 hours, which could lift Strait of Hormuz restrictions. Brent crude briefly slipped below...
Appalachian Lithium: Where Hype Runs Smack Into Mining Reality
The U.S. Geological Survey released a report estimating 2.3 million metric tons of economically recoverable lithium oxide in pegmatite deposits spanning Maine to South Carolina. That resource could replace 328 years of U.S. lithium imports at 2024 consumption levels, theoretically supplying enough...
Russian Oil & Gas Monthly - April, 2026
Russia’s drone campaign intensified in April, striking ports, pipelines and refineries, but oil exports proved resilient. A mid‑month dip in shipments recovered quickly as the Primorsk and Ust‑Luga terminals came back online. Higher Brent crude prices boosted revenue, and Indonesia...
Peace Over ‘Freedom’
U.S. gasoline prices rose to $4.55 per gallon, approaching the all‑time record of $5.01 set in June 2022. Amid the price surge, President Donald Trump suspended the two‑day‑old “Project Freedom” naval operation aimed at the Strait of Hormuz after clashes...
LNG Shipping Tightens as Europe Storage Deficit and Price Risk Drive Positioning
LNG shipping capacity is tightening as Europe enters summer with a sizable storage deficit and heightened price risk ahead of the winter heating season. Traders are securing modern, flexible vessels for multimonth contracts, turning shipping into a strategic hedge rather...
Qatar LNG Under Constraint: Capacity Loss and Export Dislocation Shakes Global Gas Markets
Escalating regional conflict has damaged Qatar’s Ras Laffan LNG complex, cutting roughly 17% of its export capacity. The disruption also blocks tanker traffic through the Strait of Hormuz, limiting global LNG trade routes. Repairs to specialized equipment may take several...
Japanese Reselling of Australian LNG Challenges Energy Security Claims
Japanese traders resold an estimated 10.8‑13.6 million tonnes of Australian LNG in 2025, a volume that equals up to 1.5 times eastern Australia’s annual domestic gas consumption. Australia accounted for roughly 30% of all LNG resold by Japanese firms, making it the...
Why John Arnold Is ‘Very Optimistic’ Permitting Reform Will Pass This Year
John Arnold, former natural‑gas trader turned clean‑energy investor, says permitting reform could pass in the lame‑duck session after the November election. He stresses that legislative language must be drafted within the next 45 days to survive the summer congressional lull....
Why $6 Gas Isn't the End of the World
The Progress Network podcast hosts energy expert Jason Bordoff to dissect the implications of $6‑a‑gallon gasoline amid a possible closure of the Strait of Hormuz—the most severe supply shock since the 1970s. He contrasts the 1970s oil crisis with today’s...
LNG FSRUs: Stable Infrastructure Returns in the Booming Global LNG Market – Top Fleet Owners to Watch
Floating Storage and Regasification Units (FSRUs) are reshaping the global LNG market by offering rapid deployment and lower capital costs compared to onshore terminals. Their flexibility has accelerated LNG adoption in emerging importers such as Egypt and helped bridge supply...
Lithium Demand to Surge Sixfold by 2040, but Zimbabwe’s Role Limited by Refining Constraints
The OECD projects global lithium demand will rise almost sixfold by 2040, driven by electric‑vehicle sales and grid‑scale battery storage. Zimbabwe, Africa’s top lithium producer, currently accounts for about 9% of world output but is expected to fall to 6%...
Queanbeyan BESS Undergoing Return to Service Journey After Long Unplanned Outage
The Queanbeyan battery energy storage system (BESS) near Canberra has begun its return‑to‑service process after a prolonged unplanned outage. A snapshot from the Bids & Offers platform at 15:00 NEM time on 6 May 2026 shows the unit back online, albeit with some operational...
China Green Tech and Its Industrial Policy
China has become the world’s leading manufacturer of green technology, driven by domestic environmental and energy‑security concerns. The state’s industrial policy blends aggressive acquisition of foreign technology, generous subsidies, and a fiercely competitive domestic market, giving China production capacity that...
G2 Petroleum Texas: Leading Through Cycles and Change
G2 Petroleum Texas, founded in 2008, has built a resilient oil and gas portfolio by prioritizing pattern‑based analysis over market speculation. After early deep‑water projects on the Gulf Coast and well‑rework successes in Wichita Falls, the firm shifted toward royalty...
Is This the End of the Utility As We Know It?
Utility regulators and industry leaders are questioning the century‑old regulatory compact that guarantees utilities a regulated return on capital. Pennsylvania Governor Josh Shapiro warned the 20th‑century model is broken, urging utilities to finance upgrades with debt rather than costly equity....
NERC Issues Level 3 Alert for Large “Computational Load Entity”
On 17 March 2026 NERC issued a Level 3 alert for large computational load entities, chiefly data centres, after publishing a 66‑page Aggregated Report on Level 2 industry recommendations. The report highlights that data centres have overtaken hydrogen as the fastest‑growing electricity demand source,...
Why Heat Pump Projects Fail and What to Do About It
Heat pump installations are increasingly central to building decarbonization, yet projects often stumble because the surrounding system is not engineered for the technology. At AHR Expo 2026 experts identified four recurring failures: operating pumps beyond their optimal envelope, applying boiler‑style...
Daily Energy Report
Goldman Sachs warned global oil inventories are sliding toward an eight‑year low, now around 101 days of demand and projected to fall to 98 days by the end of May. The decline follows geopolitical shocks, including Iran’s attack on Hormuz...
EIA Gasoline and Diesel Fuel Update, 5 May 2026
On May 5, 2026 the U.S. Energy Information Administration released its latest gasoline and diesel price update, presenting regional price data for April 20, April 27 and May 4. Nationally, regular gasoline hovered around $3.98 per gallon, while on‑highway diesel climbed to roughly $4.45, marking...
Other Pipelines and Projects to Bypass Oil From Hormuz
Three active pipelines—Saudi Arabia’s Petroline, the UAE’s ADCOP, and Iraq’s Kirkuk‑Ceyhan line—currently move roughly 8‑8.5 million barrels per day (mb/d) around the Hormuz chokepoint. The Iraq‑Turkey route, at 250 k bpd, may scale to 400‑650 k bpd within months, while Saudi Yanbu terminal tweaks...
AI Will Force a Nuclear Reckoning
Nuclear power offers unparalleled reliability and low‑carbon baseload, delivering gigawatts with minimal fuel and land use. Rising global electricity demand—from developing‑world industrialization, AI‑driven data centers, and the broader energy transition—has put pressure on the West to reconsider nuclear despite recent...
Over 800 New EV Chargers May Be Coming To Philadelphia
Philadelphia announced a public‑private partnership, ChargePHL, to install over 800 electric‑vehicle charging stations citywide within a decade, with some estimates reaching 1,000. The rollout averages about 80 new chargers per year and awaits City Council approval in June. Officials highlight...
Canada's Moment
Fatih Birol, head of the International Energy Agency, warns that trust and predictability have become as scarce as oil, positioning Canada as a potentially reliable energy partner amid the current crisis. The piece highlights Canada’s abundant oil, gas, uranium and critical‑mineral...
The $4.75 Billion Vertical: Why Google’s Intersect Acquisition Kills the PPA Era
Alphabet completed a $4.75 billion acquisition of Intersect Power in March 2026, marking a decisive move away from traditional power purchase agreements (PPAs). By bringing a leading clean‑energy developer in‑house, Google plans to build private “Energy Parks” that co‑locate solar, storage, and...
Doug Sheridan: IPCC Elimination Of Its Most Extreme Scenarios Is Science Self-Correcting
The IPCC’s new CMIP7 ScenarioMIP framework has removed the most extreme climate pathways—RCP8.5, SSP5-8.5 and SSP3-7.0—replacing them with seven scenarios ranging from very low to high radiative forcing. This shift marks a formal acknowledgment that the upper‑end scenarios used for...
40 Years of Solar Scar Tissue. 95 Bets on What's Next.
Bruce Anderson, a 40‑year solar veteran, warns that pairing solar PV with batteries does not deliver true 24/7 baseload power for industrial users, emphasizing the need for reliable fallback options. He advises startups to focus on narrow beachheads, modularity, and...
Fervo Energy (FRVO) IPO Deck
Fervo Energy, a developer of enhanced geothermal systems (EGS), released its IPO deck in early May 2026. The company positions its technology as a low‑carbon, baseload power solution that can be deployed in regions lacking conventional geothermal resources. The deck...
EagleRock Land (EROK) IPO Deck
EagleRock Land (ticker ERok) unveiled an IPO deck on May 5, 2026, signaling its intent to list on a U.S. exchange. The company specializes in acquiring, holding, and managing land assets in the Permian Basin, the nation’s most productive oil and gas...
America’s Grid Watchdog Just Issued a Dire New Warning
The North American Electric Reliability Corporation (NERC) issued a rare Level 3 alert on Monday, marking only the third such warning in its 58‑year history. The alert follows sudden data‑center outages in Virginia and Texas that raised fears of cascading blackouts....
Asia Daily: May 5, 2026
U.S. Treasury Secretary Scott Bessent called on China to use its leverage over Iran to help reopen the Strait of Hormuz, while China’s coast guard raised its flag on a disputed reef in the South China Sea. Australia and Japan...
‘A New Equation Of The Strait’
Iranian official Bagher Ghalibaf announced a "new equation" for the Strait of Hormuz after a U.S. Navy operation that destroyed six IRGC speedboats, accusing President Trump of endangering energy transit. The clash sparked temporary cease‑fire talks, while Chevron’s CEO warned...
This Is Not Temporary Price Pain for Buildings – It’s a Major Structural Shift. Get Set for Big Changes
Australia’s electricity and gas markets are entering a structural price‑volatility phase, pushing building operating costs higher. Daytime solar drives low prices but peak‑evening spikes keep electricity bills among the highest globally, while gas prices have surged, nearly doubling in Melbourne...