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America?s Multi-Trillion Dollar Infrastructure Security Crisis
by Irina Slav
12 May 2021 at 5:00pm
Last Friday, a cyberattack prompted the shutdown of the biggest piece of energy infrastructure in the United States, the Colonial Pipeline system that supplies almost half of the gasoline and diesel that the East Coast consumes. The attack naturally led to higher gasoline prices and a run on gas as drivers worried about looming shortages while Colonial Pipeline Co. worked to restart the flow of fuels. Yet the higher prices at the pump and a possible shortage of fuel supplies are the smaller problem. It is, after all, temporary, and its effect will?

How A Helium Shortage Could Put The Brakes On The Tech Boom
by Ron Caleb
12 May 2021 at 4:00pm
The one thing that underpins every single tech giant in the world is experiencing a shortage--twice over. Semiconductors?some call the ?New World Oil? with massive global implications--are in short supply ? And Helium, a gas critical to their manufacturing, is experiencing a supply squeeze that can?t be remedied without new exploration and development. It?s not just the demand explosion in the semiconductor industry that necessitates more Helium, either ? Helium is a critical gas in the healthcare?

ExxonMobil Sets Higher Guyana Oil Production Target
by Julianne Geiger
12 May 2021 at 3:30pm
ExxonMobil has revised upward its 2025 crude oil production in Guyana on the back of its fourth deepwater project there. Under new estimates, Exxon expects to produce 800,000 bpd by 2025. And Guyana has even more optimistic projections for its crude oil production at 1 million bpd by 2027. Exxon?s fourth project, the Yellowtail project, will produce 250,000 bpd?the largest in Guyana, according to Exxon. Yellowtail will even produce more than Liza-1 and Liza-2, which lie just 19 miles to the northwest. Exxon?s previous Guyana production?

CIA Under Fire As Intelligence Officers Fall Victim To Mysterious Weapon
by Haley Zaremba
12 May 2021 at 3:00pm
In an ongoing saga, United States intelligence officers stationed in foreign countries have been experiencing mysterious and debilitating head injuries that are suspected to be the result of vicious and clandestine energy attacks. Victims have developed symptoms consistent with ?Havana syndrome,? including severe headaches, fatigue, and hearing loss among other effects. In one case from 2017, an intelligence officer stationed in Guangzhou, China experienced headaches, memory loss, sleep problems, and more. An MRI released by researchers?

The Oil Pipeline That Will Expand China's Influence In Africa
by Simon Watkins
12 May 2021 at 2:00pm
Central to the expansion of Chinese and Russian influence via Iran into the space in the Middle East vacated by the U.S. since former U.S. President Donald Trump initiated a pullback from the region is the ongoing rollout of a pan-regional power network. This complements and augments existing oil and gas development and transport links between Iran and Iraq and then into the rest of the Iran-controlled Shia Crescent of Power and beyond, further necessitating as it does the installation of extensive permanent infrastructure connected to the network?

Airports Could Become Solar Energy Hubs
by Haley Zaremba
12 May 2021 at 1:00pm
Experts warn that we are running out of time to prevent the worst effects of global warming. For decades, scientists have been warning us that we need to fundamentally change our relationship with fossil fuels and land use, but now we?re down to the wire. The Intergovernmental Panel on Climate Change, the world?s premiere experts on the subject, say that we have fewer than 10 years to turn things around enough to keep the world from warming more than 1.5 degrees Celsius over pre-industrial levels in order to avoid complete ecological?

Qatar Could Offer Chinese Firms Stakes In World?s Largest LNG Project
by Tsvetana Paraskova
12 May 2021 at 12:30pm
Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world?s largest liquefied natural gas (LNG) project, in what could be a strategic choice to add huge potential LNG customers to its partners alongside Western majors, industry sources with knowledge of the matter told Reuters. In February,Qatar approvedwhat would be the world?s largest LNG project in terms of capacity, North Field East Project (NFE), set to raise the tiny Gulf nation?s LNG production capacity from?

India May Become Guyana?s Most Important Oil Client
by Gerald Jansen
12 May 2021 at 12:00pm
Nowadays one of the main buzz stories of the crude market has been focusing on Indian oil demand slumping as a consequence of the COVID-19 surge. As painful as India?s travails might be, the past weeks also seem to be giving traction to a new partnership, one that perhaps would aid the country in its quest of decreasing its massive oil imports bill. Considering its geographic remoteness from India, Guyana could be seen as one of the least viable alternatives to supply crude. Below the surface, however, there are many reasons indicating that?

Record-High Fuel Prices Add To Concerns About India?s Oil Demand
by Charles Kennedy
12 May 2021 at 11:30am
Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world?s third-largest oil importer. India is reeling from a resurgence in COVID, with mobility already restricted locally because of the pandemic. Now the high fuel prices?too high for many households?also threaten to lead to further declines in India?s consumption of transportation fuels. The price of the most used fuel in India, diesel, jumped on Wednesday, and so did the price of gasoline,?

Airlines Pull Back From Oil Hedging After Losing Billions
by Alex Kimani
12 May 2021 at 11:00am
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such asairlines to protect themselves against market fluctuations. During times of falling crude prices, oil producers normally use a short hedge to lock in oil prices if they believe prices are likely to go even lower in the future, while heavy consumers like airlines do the exact opposite: Hedge against rising oil prices which could quickly eat into their profits. However, hedging is far from a?

Enbridge Continues To Run Line 5 Pipeline Despite Michigan Deadline
by Tsvetana Paraskova
12 May 2021 at 10:30am
Despite Michigan's deadline to shut down Line 5, Enbridge continues to operate the oil pipeline through the Great Lakes, reiterating that it is up to the U.S. federal government to say if the pipeline should continue operations. Michigan Governor Gretchen Whitmer and thedirector of the state's Department of Natural Resourcesrevoked Enbridge's easementfor the operation of the twin Line 5 pipeline last November, citing repeated violations of the easement and the need to protect the Great Lakes. Michigan's notice required Enbridge?

IEA: The Global Oil Glut Is Gone
by Tsvetana Paraskova
12 May 2021 at 10:00am
The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock draws, the International Energy Agency (IEA) said on Wednesday, keeping an upbeat forecast of global oil demand despite the weaker-than-expected first half of 2021. Oil prices rose after the release of the IEA?s closely-watched Oil Market Report, with WTI Crude trading at above $66 a barrel and Brent Crude surpassing the $69 per barrel mark as of 7:49 a.m. EDT. Prices jumped even?

Vaccine Tourism Is A Boon For The Ailing Travel Industry
by Felicity Bradstock
12 May 2021 at 9:30am
A year of uncertainty surrounding Covid-19 restrictions has hit the tourism industry hard, with flight cancellations and airline bankruptcies becoming commonplace. However, with the proposal of vaccine passports and vaccine tourism being discussed worldwide, could this be what the travel industry needed to bring it back to life? In recent weeks, the number of visitors travelling to U.S. states such as Texas, Louisiana and Arizona has soared since the announcement that non-residents can legally receive a Covid-19 vaccine. These were the first?

Toyota Says Most Of Its U.S. Cars Will Still Run On Gasoline In 2030
by Tsvetana Paraskova
12 May 2021 at 8:30am
Most Toyotas in the United States will still use gasoline in 2030, the carmaker said on Wednesday, expecting gasoline and hybrid cars to still be more convenient to customers than fully-electric vehicles in ten years? time, unlike some of its competitors that have already vowed all-electric lineups by 2035 or 2040. Toyota expects more than half of its vehicles sold in North America to be plug-in hybrid vehicles in 2030, some 30 percent to be conventional cars running on gasoline, and the remainder to be fully electric vehicles. ?If?

Is There A Huge Naked Short on Helium Explorer Avanti Energy?
by Charlie Danes
12 May 2021 at 7:43am
Aggressive short sellers, now being targeted by Canadian regulators, are believed to have shorted a shocking 11 million shares of helium miner Avanti Energy in Canada since 2019, most of it in the past two months alone. That makes Avanti Energy a large target of short-sellers seeking to enrich themselves by destroying companies, even as Canadian regulators are about to tighten the screws on these out-of-control?and naked?shorts., which allows companies and investors to see what?s really going on in the markets--recently?

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