ENERGY

Authored by Michael O'Sullivan via RealClearEnergy,

We don't want to be dependent on foreign oil and we should invest in diverse forms of energy. That's what we heard from sitting Vice President Kamala Harris in the most recent debate spectacle. Her exact words: “My position is that we have got to invest in diverse sources of energy so we reduce our reliance on foreign oil.”

Now let’s be fair. If she wants to convince people to spend more money on (more…)

By Charles Kennedy of OilPrice.com

Power prices in France turned negative for hours on Tuesday morning amid tepid demand in a struggling economy and increased renewables generation.

French intraday power prices traded at as low as -$22.25 (-20 euros) per megawatt-hour (MWh) on the Epex Spot exchange, according to data compiled by Bloomberg.

So far this year, France’s power demand has been undershooting projections by grid operator RTE as the French and European economies are seeing little – if any – growth.

France, which derives about 70% of its electricity from nuclear energy, returned last year to the top spot of (more…)

By Charles Kennedy of OilPrice.com

The price of the U.S. WTI crude oil has finally stayed in the low $70s per barrel for a sustainable period of time, allowing the (more…)