DIRS.INFO The most relevant business & tech news

The team is pumping between 4,000 and 5,000 barrels of oil every hour, and has so far transferred more than 120,000 barrels to the replacement vessel carrying the offloaded oil, Gressly said. A potential spill from this vessel would be enough to make it the fifth largest oil spill from a tanker in history, a UN website said. The Red Sea is a vital strategic waterway for global trade. Video Ad Feedback Oil being removed from tanker near Yemen in Red Sea 02:29 - Source: CNNAfter The Safer is emptied, it must then be cleaned to ensure no oil residue is left, Gressly said. The Red Sea fisheries in Yemen could be “almost completely wiped out,” Rehkopf added.

Persons: CNN —, –, Yemen David Gressly, SMIT, Gressly, Bab, ” Gressly, “, ” David Rehkopf, ” Rehkopf, that’s, ”, Ahmed Nagi, ” Nagi, Nagi Organizations: CNN, United, Endeavor, UN, Yemen’s, HSA, FSO, Exxon, US Energy Information Administration, Systems, Stanford University School of Medicine, Stanford University, Group Locations: Yemen, United Nations, Suez, Red, Alaska, Africa, Asia, Persian, Saudi, Stanford University School of Medicine . Yemen, Saudi Arabia, Eritrea, Brussels, Yemeni, Hodeidah

☆ Power shutoffs: Sweltering Americans have fewer protections this summer
▼ + stars: | 2023-07-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.

Persons: David Konisky, ”, Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida

☆ What to know about nuclear power in the US
▼ + stars: | 2023-07-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Those developments, which might give anyone pause about the future of nuclear power, are counteracted by other headlines. The question of nuclear energy splits governmentsGermany made the decision to decommission all of its nuclear plants after disasters like Chernobyl and Fukushima. Nuclear power in the USAs of 2022, about 18% of US electricity is generated by nuclear power, according to the US Energy Information Administration. First, be very carefulI talked to one nuclear expert who said the US should be slow and methodical about nuclear power and another who argued there are multiple, public misperceptions about nuclear power that should be corrected. The more circumspect voice is Rodney Ewing, a Stanford University professor and expert on nuclear waste who was chairman of a federal review of nuclear waste procedures.

Persons: CNN’s Clare Sebastian, Larry, Joe Biden, Rodney Ewing, ”, I’ve, ” Ewing, “, David Ruzic –, Ruzic, we’ve, ” Ruzic, “ It’s, it’s, Ewing Organizations: CNN, International Atomic Energy Agency, US Energy Information Administration, FirstEnergy Corp, Department of Energy, Stanford University, Bulletin, Atomic Scientists, University of Illinois, Lawmakers Locations: Russia, Ukraine, Europe’s, Japan, Georgia, Germany, Fukushima, France, CNN’s, China, Tennessee, California, Illinois

☆ The credit crunch is getting worse and bankruptcies are on the rise
▼ + stars: | 2023-07-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

David Tesher: Before we were forecasting a short and shallow recession, but we no longer think there’s going to be a recession. Hard decisions are being made, and that’s going to feed back into corporate growth prospects. As economic conditions slow, credit is becoming tighter and companies are defaulting at a faster pace than they have. So yes, some corporations are distressed, but this isn’t something affecting the entire market, which is what you’d associate with a broad credit crunch. Big Tech is back with a vengeanceLast year was rough for tech companies: Tech stocks fell more than 30% in 2022, while the overall market dropped 20%.

Persons: Banks, Bell, David Tesher, we’re, We’re, There’s, reevaluation, it’s, Meta, Wedbush’s Daniel Ives, Liz Ann Sonders, Charles Schwab, ”, Megan Horneman, Matt Egan, John LaForge Organizations: CNN Business, Bell, CNN, P, Big Tech, Tech, Apple, Nvidia, Microsoft, Verdence Capital Advisors, Nasdaq, Dow Jones, AAA, That’s, US Energy Information Administration, Wells, Investment Institute

☆ Fourth of July gas prices take almost unprecedented plunge
▼ + stars: | 2023-06-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

During the week ending June 26, the average gas price was $3.57 a gallon, according to the US Energy Information Administration. Although pump prices have retreated from last year’s record highs, gas prices were cheaper in the summer of 2021 and certainly in 2020 when Covid-19 shut down large swaths of the economy. Pump prices plunge in Ohio, CaliforniaStill, over the past 12 months, gas prices are down in all 50 states, according to AAA. Washington recently replaced California with the unwanted distinction of having America’s most expensive gas prices. Why gas prices are downThe tumble in gas prices is an undeniable positive for consumers.

Persons: John LaForge, ”, Patrick De Haan, De Haan, “, ” Wells Fargo’s LaForge, LaForge, Wagner, Vladimir Putin’s, GasBuddy’s De Haan Organizations: New, New York CNN, AAA, That’s, US Energy Information Administration, Wells, Investment Institute, Drivers Locations: New York, Covid, Ohio , California, Indiana, Ohio, California, Illinois, Washington, Ukraine, Russia

☆ Extreme heat means two-thirds of North America could suffer blackouts this summer
▼ + stars: | 2023-06-26 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Periods of extreme heat stress the grid by spiking demand for electricity as families and businesses crank up the air conditioning to stay cool. Power grid officials have warned that large swaths of the United States could face blackouts if it’s a hot summer. “Two-thirds of North America is at risk of energy shortfalls this summer during periods of extreme demand,” the North American Energy Reliability Corporation (NERC) concluded in its summer outlook published last month. The risk of blackouts comes into play only if there is extreme heat. But many Americans in the South and Central regions of the United States are dealing with extreme heat right now.

Persons: NERC, ” NERC Organizations: New York CNN Business, North American Energy Reliability Corporation, National Oceanic, Atmospheric Administration, US Energy Information Administration Locations: United States, North America, Mississippi, Central, Texas . New England, Ontario, “, South, Arizona, Alabama, West Texas, Pacific Northwest, Southwest , Texas, Southeast, Texas, Nevada , Utah, Gulf Coast

☆ Biden administration to buy 3 million barrels of oil to begin replenishing emergency oil stockpile
▼ + stars: | 2023-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile. Faced with spiking gas prices, President Joe Biden has aggressively drained the SPR, the world’s largest supply of emergency crude oil. The SPR held about 638 million barrels of oil when Biden took office in January 2021, according to the US Energy Information Administration. Today, it is down to 362 million barrels — the lowest level since October 1983. Before announcing plans to purchase oil, the Energy Department moved to cancel 140 million barrels in congressionally mandated sales scheduled for the next several fiscal years.

☆ The US wants to cut carbon emissions from power plants. Here are the 15 states where coal is king.
▼ + stars: | 2023-05-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

The Biden administration proposed steep pollution cuts by coal- and gas-fired power plants. Most US electricity comes from fossil fuels — the sector creates 25% of the nation's emissions. Coal is the most polluting fossil fuel, and plants have been closing over the past decade. Most of the country's more than 3,400 fossil-fuel power plants would have to nearly eliminate their planet-warming greenhouse-gas emissions by 2040 under a proposal announced by the Environmental Protection Agency last week. Coal plants could also opt to shut down in the first half of the 2030s to avoid meeting most or even all pollution caps.

Persons: Biden, it's Organizations: Service, Environmental, Agency, EPA, Biden, US Energy Information Administration, West Virginia —, Missouri —, Wyoming, Kentucky —, Utah —, Indiana —, Dakota —, Nebraska —, Montana —, Wisconsin —, Colorado —, Mexico —, Arkansas —, Michigan —, Minnesota — Locations: Mexico

☆ Winter heating costs likely won't be as high as feared
▼ + stars: | 2023-01-30 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

New York CNN —Heating your home this winter likely won’t burn quite as big a hole in your wallet as initially forecast. Still, costs are up across the board compared to last winter — nearly 26% and 14.5% for heating oil and natural gas, respectively, and 10.5% and nearly 9% for electricity and propane, respectively. “You’re still paying more, but not as much more,” said Mark Wolfe, executive director of the National Energy Assistance Directors Association. Applications for the Low Income Home Energy Assistance Program are projected to reach their highest level in more a decade, Wolfe said. To help its residents cope with the high heating costs, Maine started sending $450 energy relief payments on Monday.

☆ Chef Alison Roman loves her induction stove. Twitter has so many questions.
▼ + stars: | 2023-01-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Those questions and comments rolled in for the celebrity chef Alison Roman on Wednesday after she tweeted that she owns an induction stove "by choice." Induction units are five to 10% more energy efficient than conventional electric stoves, and three times more efficient than gas stoves. Copper or aluminum cookware won't work on an induction stove — magnetic metals like cast iron and some stainless steels are best. The majority of US homes already use conventional electric stoves, while about 38% use gas stoves, according to the US Energy Information Administration. The Inflation Reduction Act authorized an $840 rebate for low- and middle-income households that don't already have an electric stove.

☆ Republicans went after BlackRock and sustainable investing in 2022. Meet 12 officials crusading against 'woke capitalism.'
▼ + stars: | 2022-12-28 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.

☆ Heating bills are getting expensive for Americans as winter storm lands a punch
▼ + stars: | 2022-12-22 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

Even before this historic winter storm emerged, experts warned home heating costs would jump this winter to the highest level in more than a decade. The cost to heat homes is expected to be 35.7% higher this winter than the 2020-2021 winter, the report said. More than 100 million people across the United States are under winter weather and wind chill alerts. But the heating bills will only get more expensive if the winter proves to be colder than expected. New England is especially vulnerable to severe winter weather, in large part because of constraints on pipelines sending natural gas into the region.

☆ UK tries to shore up energy supply with US deal
▼ + stars: | 2022-12-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN Business —Britain has agreed a new energy partnership with the United States that aims to end its reliance on Russia and lower soaring energy costs. He said the aim was to double the amount of liquified natural gas (LNG) the United States exports to Britain compared to 2021 levels. The initiative with the United Kingdom comes nine months after the United States agreed a deal with the European Union to increase LNG shipments to Europe. According to the US Energy Information Administration, the United States became the world’s largest exporter of LNG in the first half of this year. Under the new partnership, the United States will aim to export “at least” 9-10 billion cubic meters of LNG via UK terminals.

☆ Meet 12 Republican officials crusading against BlackRock and ESG investing
▼ + stars: | 2022-12-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

☆ Everything you want to know as OPEC+ agrees to cut oil production
▼ + stars: | 2022-10-06 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

OPEC+ agreed to cut production. But the group — which includes Saudi Arabia, the United Arab Emirates, and Russia — agreed Wednesday to slash daily oil production by 2 million barrels, in a bid to send crude prices higher. But OPEC+ defended their decision, saying it was in response to "uncertainty that surrounds the global economic and oil market outlooks." At a news conference after the meeting, the Saudi energy minister added: "We would rather be pre-emptive than be sorry," the New York Times reports. The country's deputy prime minister, Alexander Novak, said the EU's plan could lead to Russia temporarily cutting oil production further — a move that would see crude prices rise, and gasoline follow.

☆ Adam Kinzinger warns that a GOP-led House could try to impeach Biden every week
▼ + stars: | 2022-09-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Adam Kinzinger said a GOP-majority Congress might try to impeach the president every week. "That's going to look like child's play in terms of what Marjorie Taylor Greene is going to demand of Kevin McCarthy," Kinzinger said, referring to the House Minority leader. "They're going to demand an impeachment vote on President Biden every week," he quipped. Kinzinger appeared to be referring to how Greene, a right-wing lawmaker from Georgia, has made impeaching Biden part of her official platform. "I think it'll be a very difficult majority for him to govern unless he just chooses to go absolutely crazy with them," said Kinzinger, referring to his far-right GOP colleagues.

☆ Nigeria is oil rich and energy poor. It can’t wait around for cheaper batteries
▼ + stars: | 2021-11-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +15 min

But it’s coming under huge pressure from developed countries to abandon fossil fuels and shift to renewable energy in order to help save the climate. AKINTUNDE AKINLEYE/EPA-EFE/ShutterstockLike the United States, Europe and Britain, Nigeria sees a prominent role for renewable energy, notwithstanding its investments into gas power. “In Nigeria, clean energy is central to our government’s plan to transition to net-zero emissions,” Osinbajo, the vice president, continued. In Nigeria, energy poverty is itself a major driver of emissions, according to Olu Verheijen, the founder of Lagos-based energy advisory business Latimer Energy. This means that in some cases, certainly for Nigeria, gas has an important role to play in providing power.

Search resuls for: "US Energy Information Administration"

17 mentions found