Category: Energy

January 14, 2021

The overall stock market was fabulous last year, but as investors focused on climate change, renewable energy stocks did even better. Consider that while the SPDR S&P 500 Exchange-Traded Fund Trust, which tracks the benchmark S&P 500, returned 18.37 percent […]

December 29, 2020

As we enter the third decade of the 21st century, we are on the cusp of a green industrial revolution. Now is the time for President-elect Joe Biden and his formidable team of scientific, economic, and national security experts to […]

December 1, 2020

The OPEC oil producers’ cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by […]

November 16, 2020

Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends the company promised shareholders before the global coronavirus pandemic sent oil prices plummeting. […]

November 11, 2020

Since President George W. Bush fueled a minivan with hydrogen 15 years ago, the promise of cars and trucks powered by the fuel has come up mostly empty. That hydrogen pump, in Washington, closed long ago. But in California, the […]

October 30, 2020

Chevron on Friday reported its second straight quarter of losses after revenue during the third quarter fell 32% year over year, hammered by Covid-19. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 […]

October 30, 2020

Exxon Mobil on Friday reported its third straight quarter of losses as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter, the company lost $680 million, although Exxon said results improved on […]

October 23, 2020

Oil futures gained ground Friday but remained on track for weekly losses, dogged by supply concerns as output from Libya rises, along with worries about crude demand as the number of new COVID-19 cases continued to accelerate globally. West Texas […]

October 21, 2020

A combination of COVID-19 and plunging oil prices have caused states’ tax revenues to drop more than 6% during the six months from the first pandemic shutdowns in March through the end of August. The 46 states that have reported […]

October 9, 2020

Oil futures lost ground early Friday, but the U.S. benchmark remains on track for a 10% weekly advance as Hurricane Delta nears landfall on the U.S. Gulf Coast and a strike curtails a large chunk of Norway’s crude output. Oil […]