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News & Articles By Richard Brown
11/03/2023
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By Richard Brown
Biden’s wind energy plans in peril as Orsted abandons 2 major U.S. projects
The wind energy plans promoted by President Joe Biden are facing tough challenges as the world’s largest offshore wind farm developer has abandoned two major U.S. projects due to supply chain disruptions and interest rate impacts. Orsted A/S, the developer, cited “negative developments from adverse impacts relating to supply chains, increased interest rates, and the […]
10/23/2023
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By Richard Brown
Oil prices could surge to $150 per barrel unless the U.S. increases exploration
Continental Resources Inc. (CLR), a petroleum firm led by billionaire Harold Hamm, has warned that oil prices could surge to $150 per barrel unless the U.S. government takes more action to promote exploration. CLR CEO Doug Lawler stated that oil production in the Permian Basin, much like other shale regions, may peak without increased exploration. […]
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