ENERGY

Authored by Irina Slav via oilprice.com,

Natural gas and coal remain the sources of over half of U.S. electricity generation despite a massive government-sponsored push to build out wind and solar as replacements for hydrocarbons.

These have indeed grown as a percentage of generation capacity and as a portion of output. And yet, coal and gas remain dominant, supplying 58% of the electricity generated in the U.S. over the first eight months of this year, according to data from LSEG. (more…)

By Charles Kennedy of (more…)

Oil just had its worst week in almost a year, and the new week is starting off just as bad amid concerns about oversupply and lack of demand by China, which now appears willing to risk a middle-class revolution – as employment tumbles and consumer confidence has never been lower – rather than stimulate the economy.

Brent tumbled ~10% last week even after OPEC+ postponed its supply hike by two months (amusingly it would have tumbled even more had OPEC+ not delayed its supply hike). (more…)