Energy markets mixed on higher U.S. crude oil inventories

collected by :Victor Alphen

The June crude oil futures were up 3 cents to 67.73 at 10 a.m. EDT. On Tuesday night, the American Petroleum Institute reported a buildup of 1.1 million barrels of U.S. crude oil inventories last week, showing an unexpected weekly climb. Last week, the API reported a draw of 1.047 million barrels of crude oil. Analysts had expected a drop in crude oil inventories. The API data also includes a decline of 2.7 million barrels in gasoline stockpiles, while inventories of distillates fell by 1.9 million barrels.


Market Forces Are Driving a Clean Energy Revolution in the U.S.

Transforming U.S. energy systems away from coal and toward clean renewable energy was once a vision touted mainly by environmentalists. I direct Colorado State University's Center for the New Energy Economy, which works with states to facilitate the transition toward a clean energy economy. In my view, today's energy market reflects years of federal and state support for clean energy research, development and deployment. The Trump administration is resisting this trend, repealing the Obama administration's Clean Power Plan and proposing subsidies for coal-fired power plants. Main image: Block Island Wind, the first offshore wind energy project in the U.S., started operation in 2016. Credit: Ionna22, CC BY–SAOriginal Post

Market Forces Are Driving a Clean Energy Revolution in the U.S.




News - U.S. Energy Markets: The Real Russian Meddling the Media Ignores

referring to The U.S. House of Representatives Committee on Science, Space, and Technology recently issued a report detailing attempts by the Russian government to disrupt U.S. energy markets through social media. In response, the Russian government carried out a concerted campaign to disrupt U.S. energy markets by fomenting fears of fossil fuels causing catastrophic climate change. IRA used social and traditional media platforms to advance Russian propaganda and viewpoints, the report states. "Fossil fuel exports account for around 16 percent of Russian GDP, 52 percent of government revenue and 70 percent of Russian exports, so it makes sense that Russian propaganda efforts would be focused on protecting their fragile economy," Droz said. This is the real Russian scandal the media should be covering, not the fake-news Trump collusion myth.






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