With some regions of America enjoying gasoline prices below $3 a gallon after a summer that saw the national average exceed $5 for the very first time, it’s tempting to lull oneself into thinking cheap gas will last. In fact, it won’t last for very much longer at all, especially with this administra...
Just Another Cycle Commodities are the lifeline to the global economy. We eat energy. Periods of strong demand often reveal strains in supply chains that lead to rapid price appreciation. Capital investment follows, with return expectations extrapolated from high prices and record margins. A downdra...
Germany is returning to coal as it faces its worst energy crisis in decades, even as it officially pursues its climate change goals. The central European nation is consuming coal at the fastest pace in almost six years, as it becomes one of the few countries to increase imports of the fuel in 2023, ...
As part of a policy to support and finance a net-zero transition, HSBC will stop funding new oil and gas field developments and related infrastructure, the banking giant said on Wednesday. In an update on its energy policy, the bank said, “We will no longer provide new lending or capital markets fin...