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☆ Just the Facts – Energy and the Environment: Steve Ballmer Talks Through the Number
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

The federal government and many state governments are passing laws and regulations designed to reduce our use of fossil fuels and increase renewable energy production. Now let's talk about energy production. Big picture, America's production of oil, natural gas, and renewables is growing with natural gas growing most of all. In 1950, natural gas was about 18% of total US energy production. As for oil, US domestic crude oil production has more than doubled since 2000.

Persons: Steve Ballmer, That's Organizations: Insider Studios, LA Clippers, US, Buildings, Transportation, Global Locations: United States, America, China, Russia, Ukraine, Venezuela

☆ Goldman recommends these energy stocks to play the slump in crude oil
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The sharp slump in crude oil this month has driven down energy stocks, but the pullback also presents an opportunity for investors to gain exposure to some high-quality companies, according to Goldman Sachs. Crude oil futures rebounded somewhat Wednesday, but the U.S. benchmark and Brent are still down about 8.5% and 10.4%, respectively, in September. Wall Street analysts have an average stock price target of $139 on Conoco, implying upside of nearly 37% from Wednesday's close of $102.57 per share, according to FactSet data. The Street has an average price target of $18 on Talos, suggesting nearly 70% upside from Wednesday's close of $10.84 per share, according to FactSet. EQT has an average target price of $43, based on the Street consensus among analysts, representing a return of 31% from Wednesday's close of $32.88 per share, according to FactSet.

Persons: Goldman Sachs, Brent, Goldman, Neil Mehta, Mehta, Conoco, Tim Duncan, EQT, — CNBC's Michael Bloom Organizations: Brent, ConocoPhillips, Wall Street, Talos, EQT Locations: U.S, Wednesday's

Olivia Ott / NBC NewsHow we tested Windmill and July’s air conditionersTwo of my colleagues and I tested Windmill and July’s ACs for at least five weeks in our New York City apartments. July sent me its small 6K BTU air conditioner, which I put in my bedroom. My LG air conditioner was so loud that I felt like I couldn’t hear myself think. JulyEven after over a month, I’m still shocked when I walk into my bedroom and barely notice my air conditioner. For this article, I tested July’s air conditioner for over a month, and two members of NBC Select’s staff tested Windmill’s air conditioner for over a month.

Persons: you’ll, Zoe Malin, Nikki Brown, Olivia Ott, Bianca Alvarez, you’re, I’ve, ”, Brown, Alvarez, I’d, she’s, “, it’s, Windmill’s, I’m, Both Alvarez, hasn’t, —, TikTok Organizations: NASA, NBC, British, Units, National Council, Aging, Alexa, July’s, ACs, Windmill, AC, July’s AC, LG, Amazon Alexa, decibel, Facebook, Twitter Locations: New York City, BTUs, Taskrabbit, NYC, France

DUBAI, United Arab Emirates (AP) — The United States committed Saturday to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit that's a huge factor in global warming. U.S. Special Envoy John Kerry announced that America was joining the Powering Past Coal Alliance, which means the Biden Administration commits to building no new coal plants and phasing out existing plants. The amount of coal burned in the United States last year is less than half what it was in 2008. The Powering Past Coal Alliance started six years ago and had 50 country members until Saturday when the United States and six others joined, said alliance spokeswoman Anna Drazkiewicz. "Joining the Powering Past Coal Alliance reiterates Kosovo’s clear commitment and ongoing efforts towards a socially just and clean energy sector.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment.

Persons: John Kerry, Biden, “, ” Kerry, ”, Alden Meyer, mell, ” Meyer, Anna Drazkiewicz, Artane Rizvanolli, ___ Read, Seth Borenstein Organizations: United Arab Emirates, Special, America, Past Coal Alliance, Biden Administration, U.S . Department of Energy, U.S . Energy Information Administration, The U.S, Past, Alliance, Twitter, AP Locations: DUBAI, United Arab, United States, U.S, China, India, pell, Czech Republic, Dominican Republic, Kosovo

☆ Energy stocks were due for Friday's rally. Here's how we're approaching our oil-and-gas names now
▼ + stars: | 2023-05-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Oil stocks showed signs of life Friday, boosted by a sharp rise in crude prices. CTRA YTD mountain Coterra Energy YTD performance A bright spot in Friday's trading was Club holding Coterra Energy (CTRA), which rose as much as 9% before giving back some of those gains. "This is the beginning, I think, of a real trend in oil," Jim Cramer said Friday. Our calculus on energy stocks has changed as a result of this vicious move. HAL YTD mountain Halliburton YTD performance We took advantage of that notion early Friday with the Pioneer purchase.

☆ US natural gas prices plummet 13% as streak of mild winter weather set to continue
▼ + stars: | 2023-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Natural gas prices have fallen 13% amid forecasts of more mild weather as winter winds down. Falling prices are a sign that the US needs to scale back gas production, some commentators say. Henry hub natural gas futures for April fell to $2.62 per million British thermal units, according to data from the CME Group, down 12.73% from its previous close of $3 per million BTUs. Natural gas prices have tanked 34% since the start of the year, with the latest drop spurred by warm weather forecasts for the coming weeks. The changes in supply-demand balance are a stark contrast from last year, when issues stemming from Russia's invasion of Ukraine spiked gas prices on the spot market.

☆ Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade
▼ + stars: | 2023-02-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Natural gas prices plunged as much as 10% on Tuesday to levels not seen since September 2020. The decline in natural gas prices can be attributed to a mild winter that has led to less demand. US natural gas prices fell as much as 10% to a low of $2.06 per million BTUs on Tuesday, representing a decline of 79% from its August high. The combination of weak demand and rising supply for natural gas is a dynamic that Chesapeake CEO Nick Dell'Osso warned about last month, when natural gas prices were trading just over $3.00. Dell'Ossoa said that natural gas producers should reduce production to avoid a downward spiral in prices.

☆ Skyrocketing natural gas prices should be investigated for market manipulation, California Governor Gavin Newsom says
▼ + stars: | 2023-02-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

California residents are paying nearly a 600% premium on natural gas prices, according to recent estimates. "It is clear that the root causes of these extraordinary prices warrant further examination," Governor Gavin Newsom said in a letter. While overall US gas prices have plunged to $2.80 per million British thermal units, down over 70% from their highs in August of last year, California's gas prices averaged $19.40 per million BTUs in early January, according to the Wall Street Journal. He added that natural gas prices affect the state's industrial, agricultural, and water utilities, and urged regulators to look into the market's price pressures in the west. I therefore ask that FERC immediately focus its investigatory resources on assessing whether market manipulation, anticompetitive behavior, or other anomalous activities are driving these ongoing elevated prices in Western gas markets," Newsom said.

University power plants are much smaller than their industry counterparts and thus produce fewer overall emissions. All fossil-fuel power plants produce these emissions, which are created when these fuels are burned. These facilities include large power plants owned by public utilities as well as private plants that provide electricity and heating for big consumers such as refineries, paper mills and colleges. Reuters identified 103 university power plants run by 93 four-year institutions among the facilities tracked by the EIA. NOx ComparisonsReuters turned to a different data set to obtain NOx emission rates for university power plants: pollution tests required by state and federal regulators.

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. This week, we’ve got a food storage set from Caraway you can use for meal prep, Anker’s first Apple-certified wireless charger, two smart floor care products from Tineco and more. The compact cube has flip up/out surfaces to charge your iPhone, AirPods and Apple Watch all at the same time. Tineco released two new smart floor care products available exclusively at Walmart: the S10 Smart Cordless Vacuum and Floor One S2 Wet/Dry Vacuum. Shopping news: Apple raises Apple TV+ and Apple Music pricesWhat we bought this weekI got my second Barefoot Dreams blanket and I’m obsessed.

Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. REUTERS/Nick OxfordLONDON, Sept 16 (Reuters) - U.S. shale drillers are struggling to meet strong demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine. U.S. generators are burning record volumes of gas because coal-fired units have been retired and drought has limited hydroelectric output in the western states. At the same time, exports are running at record rates as new LNG liquefaction terminals meet soaring demand from importers in Europe and Asia. Even so, hedge funds and other money managers have become progressively less bullish and even slightly bearish on gas prices since April.

☆ Cheniere CFO Aims for Investment-Grade Credit Rating as Natural-Gas Prices Soar
▼ + stars: | 2022-09-15 | by ( Kristin Broughton | ) www.wsj.com time to read: +6 min

Cheniere Energy Inc.’s finance chief is working toward landing an investment-grade credit rating in the coming year, as the largest U.S. exporter of liquefied natural gas pays down debt and benefits from the run-up in energy prices. Photo: Cheniere Energy Inc. The company expects to reach investment grade next year based on its current rating and financial position, Mr. Davis said. An investment-grade rating would provide confidence to long-term investors and customers that the company can survive volatility in commodity markets, Mr. Davis said. Higher natural gas prices have been a boon to Cheniere’s finances, prompting it to accelerate plans to pay down debt.

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