ENERGY

Authored by Tsvetana Paraskova via OilPrice.com,

The UK government’s plan to further raise the windfall tax on North Sea oil and gas producers will drive investments away from the region while Britain still needs oil and gas for the foreseeable future, the chief executive of Harbour Energy, the largest UKCS producer, told the Financial Times.

The Labour Party, which came to power in the UK after a landslide victory in the July general election, said in July that it (more…)

Authored by Jonathan Lesser via RealClearEnergy,

Like the Jeopardy! game show, green energy subsidies have been Congress’ answer to every energy policy question. The first OPEC oil embargo of 1973-74 catalyzed decades of energy policy, including the formation of the Department of Energy. Wind, solar, and hydropower subsidies began in earnest with the Public Utilities Regulatory Policy Act of 1978. Similarly, subsidies for corn-based ethanol were enacted as part of the National Energy (more…)

By Liz Heflin of Rmxnews.com

From April to June, the European Union bought more than 12.7 billion cubic meters from Russia and 12.3 billion cubic meters from the United States.

Director of the Russian Department of Economic Cooperation of the Foreign Ministry, Dmitri Birichevski, says Russia now supplies 15 percent of the total volume of natural gas imported by the European Union. This despite the EU’s REPowerEU instituted back in May 2022 to shift away from Russia and cut it (more…)