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Strife-torn Colombia is facing an energy crisis of gargantuan proportions. Decades of mismanagement and insecurity, coupled with radical changes to energy policy by Gustavo Petro, Colombia’s first-ever leftist president, are wreaking havoc with the country’s natural gas reserves and production. This is making the Andean country increasingly reliant upon costly natural gas imports while threatening the stability of Colombia’s energy grid and risking critical energy shortages. There are no signs of an easy solution for a country…
A geothermal revolution is unfolding around the United States in ways both flashy and quiet. As Big Tech becomes increasingly involved in developing alternative energy sources to meet skyrocketing energy demand driven by the AI boom, innovative and advanced geothermal technologies have been taking off – but so too have more simple and surface-level solutions like heat pumps. Together, these approaches could reshape the domestic energy industry by providing baseload clean energy solutions and shoring up energy security in urban and rural populations…
Japan has made the first commitments under a $550-billion investment program that made part of its trade deal with President Trump. Those first commitments are worth $36 billion and include what Commerce Secretary Howard Lutnick has called “the largest natural gas generation facility in history.” The U.S. and Japan sealed a trade deal last summer, featuring a reduction in proposed tariffs—from 25% to 15%—on Japanese imports and a $550-billion Japanese investment pledge for the U.S. economy. Japan also pledged under the deal…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 609,000 barrels in the week ending February 13, after increasing by 13.4 million barrels in the week prior. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week after week. The Department of Energy (DoE) reported that crude oil inventories rose by 200,000 barrels to 415.4 million barrels in the week ending February 13. This is 310.1 million barrels shy of maximum capacity. US production stopped its fifth week in a row losing…
California’s governor this week inked an energy partnership deal with the UK’s Department for Energy Security and Net Zero (DESNZ) - and it made the U.S. president quite angry. Trump dubbed Gavin Newsom’s actions inappropriate in the latest flare-up between the federal government and green-focused California, as the two diverge ever more on energy policies. “The U.K.’s got enough trouble without getting involved with Gavin Newscum,” President Trump told Politico, asked about his comments on the deal between Newsom…
