ENERGY

Crude prices are higher this morning on signs of progress in trade talks between the US and EU and the API report of a major drawdown in American crude inventories (despite product builds).

Geopolitical tensions continue to drive prices more aggressively as the possibility of a Putin-Zelensky meeting came and went and Iranian peace deal talks stumble.

The big question for traders is – will the official data confirm API's drawdown?

API

• Crude -3.28mm (more…)

Authored by Cyril Widdershoven via OilPrice.com,

• Despite public rhetoric, Europe’s reliance on Russian energy remains substantial.

• A proposed bipartisan U.S. Senate bill could reshape global energy trade, imposing massive 500% tariffs on countries importing Russian fossil fuels.

• European leaders face mounting pressure to act decisively, as ongoing energy imports continue to fund Russia’s war in Ukraine.

Despite European politicians' efforts to reduce (more…)

By James Varney and RealClearInvestigations.com,

While green advocates commonly use the terms renewable, sustainable, and net zero to describe their efforts, the dirty little secret is that much of the waste from solar panels and wind turbines is ending up in landfills.

The current amounts of fiberglass, resins, aluminum and other chemicals—not to mention propeller blades from giant wind turbines—pose no threat current to local town dumps, but this largely ignored (more…)