ENERGY

Authored by Kevin Stocklin via The Epoch Times (emphasis ours),

Generating nearly limitless, clean, carbon-free energy from nuclear fusion—a vision that seems to be perpetually out of reach—has taken major steps in the past several years toward becoming a reality. 

The National Ignition Facility (NIF) at Lawrence Livermore National Laboratory made a record-breaking laser shot on July 5, 2012. The NIF laser system of 192 beams delivered more than 500 trillion watts of peak (more…)

By David Messler of OilPrice.com

There are two main drivers for ExxonMobil, in the face of crude’s relatively tight pricing band-low $70’s to low $80’s, for the most the past year. The first is the Guyana, Stabroek production ramp, and the related kerfuffle with Chevron, over the nature of their proposed acquisition of Hess. The second is the ongoing digestion of Pioneer assets and acceleration of Permian output toward 1.2 mm (more…)

The daily oil rollercoaster continues, and one week after tumbling to the lowest price of the year, oil is once again spiking, as news of more Libyan oil turmoil emerge. 

Brent rose as much as 3% and briefly topped $80, after Libya suspended oil exports from five eastern ports, and the country’s output dipped further amid an escalating stalemate over who controls the central bank.

The eastern-based government ordered the halt of oil-loading operations at the ports of Brega, (more…)