Oil Refineries Become Prime Targets as Global Fuel Shortage Worsens
Ten years ago, European countries were closing refineries while Gulf oil states were building new ones. Now, many of these refineries have been damaged in the war between the U.S.…
Energy
U.S. Natural Gas Production Hits New Records as Demand Surges
U.S. natural gas production is on track to close a second consecutive year with record-high natural gas output as producers respond to demand signs both at home and overseas. Soaring…
America Produces Less Than 1% of the Rare Earth Magnets It Needs
China’s ongoing weaponization of rare earths, which has now been bolstered to include measures to keep individuals with sensitive technological knowledge from leaving the country, gives it leverage over a…
Americans Hit Hardest by War-Driven Oil Price Surge
Americans are paying the biggest portion of global energy price inflation resulting from the war in the Middle East, a Finnish energy and climate outlet has reported. Estimating the global…
Beijing Pushes Domestic Oil Production as Iranian Supply Dries Up
China needs its biggest oil and gas producers to drill more, explore more, and build strategic supply bases as the Iran war forces Beijing to confront an uncomfortable reality: even…