“We are facing the biggest energy security threat in history,” Fatih Birol, the head of the International Energy Agency, or IEA, told CNBC on Thursday.
The market will panic when the Strait of Hormuz closes. When it reopens, policymakers will all feel relieved. At present, we are all witnessing this in real time, but reality is definitely the opposite.
The first commercial nuclear-power projects in a decade are now under construction in the U.S., a potential turning point for a segment of the power industry that has been stuck in neutral for years.
President Trump‘s decision to suspend a controversial maritime law during the Iran war has made it easier to ship oil across the U.S. — and now he wants to keep it that way, according to U.S. officials.
There’s an invisible hand reaching into America’s pocket every time we fill up at the pump or pay that electric bill, and it doesn’t come through the Strait of Hormuz.
In a hearing before the Senate Energy and Natural Resources Committee today, @SecretaryWright explained that in the 29 states that have laws mandating renewable portfolio standards, hardworking Americans pay 50% more for electricity.
“For energy development, the McNutt decision provides a new avenue to challenge federal prohibition of development when such prohibition has been primarily based on the government’s taxing authority.”