ENERGY

Oil prices fell for the fourth straight day to close at five-month lows today as US oil exports neared record highs amid record high domestic crude production flooding the market, overshadowing Saudi Arabia’s pledges that OPEC+ will deliver on its planned production cuts.

Non-OPEC countries are driving oil production growth, with the US, Brazil and Guyana contributing 1.4 million barrels per day, 0.43 million b/d and 0.2 million b/d, respectively. In 2024, the increase in (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

There is “no science” that says the world should phase out fossil fuels to curb global warming to 1.5 degrees Celsius, according to Sultan Al Jaber, the president of the COP28 climate summit, the Guardian and the Centre for Climate Reporting report.

Al Jaber made those comments in response to questions from Mary Robinson, the chair of the Elders group and a former UN special envoy for climate change.

[ZH: Additionally, The (more…)

Authored by Paul Steidler via RealClear Wire,

The U.S. electric grid continues to face a bevy of foreign and domestic cyberattack threats. Therefore, it makes more sense than ever before for utilities and transmission operators to aggressively fortify their cyber defenses. In fact, failure to do so is a classic case of being penny wise and pound foolish. 

The evidence includes the following: 

• On November 16, following two days of cybersecurity scenario testing by (more…)