energy – Financial Freedom

Masters of Equities Universe Are Unfazed by Spike in Bond Yields

Financial Freedom — Sun, 14 Mar 2021 03:06:20 +0000

(Bloomberg) — The recent rise in interest rates triggered a bout of volatility, but it’s not making the pros in the stock market run for the hills just yet. Read More

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The King of Nickel Is Betting Big on a Green Future in Batteries

Financial Freedom — Sun, 14 Mar 2021 03:06:19 +0000

(Bloomberg) — Tsingshan Holding Group Co. made numerous bold moves on its path to becoming the world’s largest nickel producer, but its new plan to supply carmakers with cheap, clean metal could be its biggest breakthrough yet. Read More

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Uber Fails to Pay Some Electric Car Bonuses, Citing Glitch

Financial Freedom — Thu, 11 Mar 2021 03:01:34 +0000

(Bloomberg) — Uber Technologies Inc. failed to pay some of its drivers special bonuses for using electric vehicles, part of a broad plan designed last year to put more electric cars on the road. Read More

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Century-Old Australian Coal Plant Makes Way for Giant Battery

Financial Freedom — Wed, 10 Mar 2021 03:15:36 +0000

(Bloomberg) — EnergyAustralia will accelerate the closure of a 100-year-old coal-fired plant and install a giant storage battery to achieve a faster transition to clean power that’s leaving aging fossil fuel sites uncompetitive. Read More

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China Producer Prices Jump, Adding to Global Inflation Risks

Financial Freedom — Wed, 10 Mar 2021 03:15:35 +0000

(Bloomberg) — China’s producer prices rose at the fastest pace in more than two years in February, fueled by surging commodity costs, while consumer deflation eased. Read More

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Texas Bill Would Require Power Plants to Prepare for Cold

Financial Freedom — Sat, 06 Mar 2021 03:05:00 +0000

(Bloomberg) — Texas state lawmakers introduced a series of bills designed to address last month’s energy crisis, including one that would require power plants to weatherize and another that would block retailers from exposing consumers to volatile wholesale electricity prices. Read More

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Oil Hit by Wider Sell-Off, But Still Set for Fourth Monthly Gain

Financial Freedom — Fri, 26 Feb 2021 03:00:20 +0000

(Bloomberg) — Oil is heading for a fourth monthly gain with the global market tightening as investors await the OPEC+ meeting next week, watching for any changes to production strategy following a surge in prices. Read More

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Goldman Sees Oil Supply Response Lagging Behind Demand Rebound

Financial Freedom — Mon, 22 Feb 2021 03:20:12 +0000

(Bloomberg) — Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc. Read More

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Texas Homes Hit With Thousand-Dollar Bills After Winter Woe

Financial Freedom — Sun, 21 Feb 2021 03:03:13 +0000

(Bloomberg) — After enduring a wretched week of Arctic storms, hunger and cold, several Texans were handed another pain point — massive electricity bills. Read More

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Texas Power Operator Sued Over Outages During Winter Storm

Financial Freedom — Sat, 20 Feb 2021 03:00:57 +0000

(Bloomberg) — The operator of the power grid in Texas was hit with a second lawsuit in as many days over power outages that left millions of residents without heat and some without water in the midst of this week’s bitter cold wave.Ercot, the Electric Reliability Council of Texas, failed to properly weatherize the state’s electric infrastructure despite a history of cold-weather power outages, according to Fears Nachawati, a Dallas-based law firm which said it filed the lawsuit on behalf of resident Donald McCarley.”Texas had practically identical failures in 1989 and 2011 that resulted in exhaustive reports and recommendations,” McCarley’s lawyer Patrick Luff said in a statement. “This was an emergency solely because of a failure to plan and learn previous lessons.”A copy of the lawsuit in Nueces County wasn’t immediately available Friday on the court docket.Also named in the suit is the American Electric Power Company, a multistate electric utility that serves parts of Texas.On Thursday, a Houston-area couple got the ball rolling in what is likely to be an avalanche of lawsuits when it sued Ercot and CenterPoint Energy Inc. in Harris County.The case is Donald McCarley v. Electric Reliability Council of Texas et al., case no. 2021CCV-60188-1, filed in the Nueces County Court at Law. Read More

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