Can Renewable Energy Save America’s Coal Communities?

As the global aim to move away from fossil fuels comes into full swing, communities that have long relied on coal, oil, and natural gas are becoming increasingly concerned about their job prospects and revenue in the coming years. Unless they can shift away from relying on fossil fuels and attract alternative investments to these regions, they could be left behind with few work opportunities and a poor economy. But in the U.S., President Biden is hopeful that this won’t happen if the right preparations for growth are made. Biden…

Read more at: https://oilprice.com/Energy/Coal/Can-Renewable-Energy-Save-Americas-Coal-Communities.html

G7 Plans To Back New Natural Gas Investments

With global energy markets upended, the G7 group of the world’s most industrialized nations is considering endorsing new upstream investment in natural gas despite climate concerns, a draft document seen by Reuters showed on Thursday.    The energy and climate change ministers of the G7 members—Canada, France, Germany, Italy, Japan, the UK, and the U.S.—are holding a summit in Japan next week, at which they are expected to discuss ways to reduce emissions in the face of more pressing energy security issues. According…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/G7-Plans-To-Back-New-Natural-Gas-Investments.html

Tokyo Scientists Unveil Solid-State Battery Breakthrough

Tokyo University of Science researchers demonstrated unprecedented control of response speed by over two orders of magnitude in a solid state battery. This is a major steppingstone towards realization of commercial all-solid-state batteries. Solid-state battery‘s high surface resistance causes these batteries to have low output, limiting their applications. The researchers have employed a novel technique to investigate and modulate electric double layer dynamics at the solid/solid electrolyte interface. The achievement is carrier modulation…

Read more at: https://oilprice.com/Energy/Energy-General/Tokyo-Scientists-Unveil-Solid-State-Battery-Breakthrough.html

Harbour Energy Slashes Hundreds Of Jobs, Blames UK Windfall Tax

The UK’s largest oil and gas producer put the blame for its decision at the hands of the government, which has hiked the Energy Profits Levy to 35 percent. On top of the 40 percent special rate for corporation tax, this brings overall levies on producers to 75 percent. It is now expected to run until 2028 – a further three years on original plans. The company has been undertaking a review of its operations since January, after warning that it was re-assessing its future activity in the UK. It later confirmed plans to cut jobs…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Harbour-Energy-Slashes-Hundreds-Of-Jobs-Blames-UK-Windfall-Tax.html

North Sea Oil Production Could Fall By 80% By 2030

According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade unless the government can attract greater investment to the sector. While environmental groups are praising the drop in funding, energy experts are concerned about what this means for the U.K.’s energy security, with some suggesting it may have to rely on foreign fossil fuels to meet its needs.  Offshore Energies found that 90 percent of offshore firms had…

Read more at: https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-Production-Could-Fall-By-80-By-2030.html

EnCap Looks To Sell $3B In Permian Oil And Gas Assets

Buyout firm EnCap Investments is looking at a possible sale of $3 billion worth of Permian-focused oil and gas producers, anonymous sources told Reuters on Thursday. The assets under sales consideration include Novo Oil & Gas Holdings, and Forge Energy II. Novo Oil & Gas LLC, focused in the Permian’s Delaware Basin, was estimated by Enverus last year to hold fewer than five years of higher-quality inventory at sub-$45 oil, with sources estimating the company’s valuation at more than $2 billion. It holds around 17,000 net acres…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/EnCap-Looks-To-Sell-3B-In-Permian-Oil-And-Gas-Assets.html

Vogtle Nuclear Unit Begins Producing Power

Last Saturday, April 1, (yes we’re aware of the date) Southern Company’s largest operating subsidiary, Georgia Power, announced that the first of its two nuclear plants under construction, Unit 3 of the new Alvin W. Vogtle nuclear power station, had been synchronized to the grid and was producing electricity for consumers. All technicalities aside this means the plant is now complete, loaded with fuel, irradiated, and producing electricity for commercial customers. Its companion, unit 4, presently undergoing hot functional testing,…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Vogtle-Nuclear-Unit-Begins-Producing-Power.html

Drilling Activity Continues To Fall In The U.S.

The total number of total active drilling rigs in the United States fell by 4 this week, according to new data from Baker Hughes published on Thursday—a day earlier than usual due to the Good Friday holiday this week. The total rig count fell to 751 this week—62 rigs higher than the rig count this time in 2022 and 324 rigs lower than the rig count at the beginning of 2019, prior to the pandemic. Oil rigs in the United States decreased by 2 this week, to 590. Gas rigs also slipped 2, to 158. Miscellaneous rigs stayed the same. The rig…

Read more at: https://oilprice.com/Energy/Energy-General/Drilling-Activity-Continues-To-Fall-In-The-US.html

Emerging Markets Look To Ramp Up Sustainable Aviation Fuel Production

With global aviation passenger numbers rebounding, emerging markets are looking to capture market share through increased investment and sustainable aviation fuels (SAFs). As OBG reported in February, tourism figures rebounded in 2022, thanks to the easing of Covid-19-related restrictions and increased investment in tourism. The sector’s recovery is set to continue, with international tourist arrivals likely to reach 85-90% of pre-pandemic levels in 2023. Revenue is also on the upswing for the global aviation industry after an estimated…

Read more at: https://oilprice.com/Energy/Energy-General/Emerging-Markets-Look-To-Ramp-Up-Sustainable-Aviation-Fuel-Production.html

Major U.S. Utilities Consider Selling Natural Gas Distribution Networks

As Democratic lawmakers and governors ramp up efforts to ban gas hookups in new buildings, two large U.S. utilities are considering selling part of their gas pipeline networks, The Wall Street Journal reported on Thursday, quoting sources with knowledge of the plans. Dominion Energy and National Grid plc are deliberating potential divestments of part of their gas transmission systems as the “gas stove wars” have intensified and towns and cities across the U.S. are considering banning gas hookups for home appliances in new buildings.…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Major-US-Utilities-Consider-Selling-Natural-Gas-Distribution-Networks.html

Will Biden Lift Oil Sanctions On Venezuela?

OPEC has always moved in mysterious ways, and it certainly caught the markets off guard when it announced an unforeseen production cut this Sunday. The bloc, led by wily Saudi Arabia, has made March’s bulls look heady, to say the least, and the term ‘stagflation’ has returned to the headlines after a brief hiatus. The U.S. government is being looked to for an answer having just staved off a bout of serious financial turmoil in the past two weeks alone. From where I am standing, the Biden administration has little choice but to…

Read more at: https://oilprice.com/Energy/Energy-General/Will-Biden-Lift-Oil-Sanctions-On-Venezuela.html

China Cuts Lithium Output After Price Crash

Companies in China’s key lithium-producing hub have moved to reduce lithium output following the recent price collapse amid weak demand for electric vehicles (EVs), according to a Chinese publication quoted by Bloomberg. In Yichun, the top-producing hub for lithium in China, some unnamed producers – including major ones – have reduced supply, Chinese outlet The Paper reports.    Earlier this year, reports emerged that China had moved to supervise the extraction of lithium from lepidolite, the most abundant…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/China-Cuts-Lithium-Output-After-Price-Crash.html

Tesla’s Pivot Away From Rare Earths Could Push Other Automakers To Follow Suit

Via AG Metal Miner The Rare Earths MMI (Monthly MetalMiner Index) dropped drastically again this month, suffering a 15.5% decline. Despite this, downward price action began to slow down and flatten around March 16. As of March 30, prices began to rise again. Further adding to the confusion was the fact that some components in the index traded flat. This included yttrium, samarium oxide and europium oxide. However, virtually every other part of the index dropped in price, some drastically. Ultimately, the ride between the beginning of…

Read more at: https://oilprice.com/Energy/Energy-General/Teslas-Pivot-Away-From-Rare-Earths-Could-Push-Other-Automakers-To-Follow-Suit.html

It Will Be Difficult To Determine Who Sabotaged The Nord Stream Pipelines

The investigation into the Nord Stream sabotage considers the involvement of a state actor as the “absolute main scenario,” but it will be difficult to determine who did it, Mats Ljungqvist, the prosecutor leading the Swedish investigation, told Reuters on Thursday. “The people who did this have probably been aware that they would leave clues behind and probably took care so that the evidence would not point in one direction, but in several directions,” Ljungqvist said. It is difficult to clearly point the finger at one…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/It-Will-Be-Difficult-To-Determine-Who-Sabotaged-The-Nord-Stream-Pipelines.html

A New Era For Nuclear Power In America?

Nuclear power has been a source of electricity in the United States for more than 60 years. The first nuclear power plant in the U.S. was the Experimental Breeder Reactor I in Idaho, which started up in 1951. The Atomic Energy Act of 1954 established a regulatory framework for the development of nuclear power, and in 1957 the Shippingport Atomic Power Station in Pennsylvania became the first commercial nuclear power plant in the world. The early years of nuclear power in the United States were marked by significant growth. During the 1960s, nuclear…

Read more at: https://oilprice.com/Alternative-Energy/Nuclear-Power/A-New-Era-For-Nuclear-Power-In-America.html

Wind and solar power generators wait in years-long lines to put clean electricity on the grid, then face huge interconnection fees they can’t afford

Interconnection applications and fees make it slow and expensive for clean energy providers to connect to the electrical grid.

Read more at: https://www.cnbc.com/2023/04/06/outdated-us-energy-grid-tons-of-clean-energy-stuck-waiting-in-line.html

Sweetgreen renames menu item after Chipotle sues for trademark infringement

The name change is part of a tentative agreement to resolve Chipotle’s lawsuit against Sweetgreen.

Read more at: https://www.cnbc.com/2023/04/06/sweetgreen-chipotle-resolve-trademark-infringement-suit.html

S&P 500 ends Thursday higher, but suffers its first down week in four: Live updates

The market remained volatile as the latest weekly jobless claims came in higher than expected, adding to recent signals that pointed to slowing job growth.

Read more at: https://www.cnbc.com/2023/04/05/stock-market-today-live-updates.html

Clarence Thomas has accepted undisclosed luxury trips from GOP megadonor for decades, report says

Thomas has previously come under fire from ethics experts and other critics over the political activities of his wife, Ginni Thomas.

Read more at: https://www.cnbc.com/2023/04/06/clarence-thomas-took-gop-megadonor-harlan-crow-secret-luxury-trips-report.html

Key inflation data and earnings reports loom as labor market signals a slowing U.S. economy

Next week will feature important readings on prices for U.S. consumers and profits for some of the market’s biggest companies.

Read more at: https://www.cnbc.com/2023/04/06/key-inflation-data-earnings-loom-as-labor-market-signals-a-slowing-us-economy.html

Australia ends Binance derivatives license, and Ethereum preps next big upgrade: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Crypto World explores the next major upgrade for the Ethereum network.

Read more at: https://www.cnbc.com/video/2023/04/06/australia-binance-derivatives-license-ethereum-next-upgrade-crypto-world.html

Disney names first brand chief as Iger refocuses on core properties

Disney named Asad Ayaz as its first-ever chief brand officer, as CEO Bob Iger works to refocus the company on its core entertainment properties.

Read more at: https://www.cnbc.com/2023/04/06/disney-names-first-brand-chief.html

Elon Musk wants to pause ‘dangerous’ AI development. Bill Gates disagrees—and he’s not the only one

An open letter calling for a development pause on AI systems like ChatGPT has more than 13,500 signatures — but Bill Gates and AI developers are pushing back.

Read more at: https://www.cnbc.com/2023/04/06/bill-gates-ai-developers-push-back-against-musk-wozniak-open-letter.html

Ukraine war live updates: Over 8 million Ukrainians are now refugees; Kyiv may negotiate on Crimea

Kyiv has previously ruled out peace talks until Russia withdraws from all Ukrainian territory.

Read more at: https://www.cnbc.com/2023/04/06/russia-ukraine-live-updates.html

Bed Bath & Beyond proposes reverse stock split as it struggles to avoid bankruptcy

Bed Bath & Beyond wants to raise $300 million in a stock offering but needs shareholders to approve a reverse stock split at a May 9 meeting to make it happen.

Read more at: https://www.cnbc.com/2023/04/06/bed-bath-beyond-faces-bankruptcy-seeks-reverse-stock-split.html

In Nicole Chung’s memoir, “A Living Remedy,” she blames U.S. health care for her parents’ early deaths

In Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching her aging parents get sicker from illnesses they couldn’t afford to treat.

Read more at: https://www.cnbc.com/2023/04/06/in-memoir-author-blames-us-health-system-for-parents-early-death-.html

Diddy still pays Sting ‘$5,000 a day’ for sampling his hit song ‘Every Breath You Take’ 26 years ago

Sting once joked that he ‘put a couple of my kids through college’ with the royalties he’s gotten from Diddy over the years.

Read more at: https://www.cnbc.com/2023/04/06/diddy-pays-sting-5000-a-day-for-sampling-his-biggest-hit-song.html

Pfizer RSV vaccine for older adults should be monitored for nervous system condition Guillain-Barre, scientists say

Scientists said Pfizer’s RSV vaccine for older adults should be monitored for Guillain-Barre, in an article published in the New England Journal of Medicine.

Read more at: https://www.cnbc.com/2023/04/06/rsv-adult-vaccine-pfizer-shot-monitored-for-guillain-barre.html

What Happens After The End Of Fed Rate-Hikes

By Jessica Rabe of DataTrek

Fed Funds Futures think the Federal Reserve’s current rate hike cycle is over. In fact, they give over 50 percent odds of rate cuts starting in July. As a result, we’ve received client inquiries about what happens to US equities when the Fed stops increasing near-term rates.

Therefore, today we will look at the performance and volatility of US equities following the end of rate hike cycles back to 1990. We chose this timeframe because it captures the modern stock market when monetary policy became more transparent, so it is more comparable to today’s circumstances than previous rate cycles.

Read more at: https://www.zerohedge.com/markets/what-happens-after-end-fed-rate-hikes

“Trump Can’t Get A Fair Trial In NYC” – Dershowitz Warns “He’ll Probably Be Convicted”

“There is no part of the case that is not weak,” Alan Dershowitz, an attorney who taught law at Harvard Law School for nearly 50 years and was part of Trump’s impeachment defense team in 2019, told The Epoch Times in an interview on Wednesday.

“Never in the history of America has anybody ever been prosecuted for not disclosing the reason they gave for paying hush money,” he added

“So the entire indictment is based on a deep fallacy. There’s nothing strong about it. You can’t create strength with multiple weaknesses.

“There are 34 bad counts, and 34 bad counts do not create a single good count.”

Dershowitz described Bragg’s prosecution of Trump as politically motivated: “It’s very dangerous – it means that district attorneys can indic …

Read more at: https://www.zerohedge.com/markets/trump-cant-get-fair-trial-nyc-dershowitz-warns-hell-probably-be-convicted

DoD Official Testifies That The Military Must Be A ‘Safe Space’ For The Non-Binary

Authored by Eric Utter via AmericanThinker.com,

When a rainbow-colored Navy training video on the proper use of preferred pronouns surfaced last year, many people thought it was a joke.

Sadly, many people were wrong.

Recently, a top Department of Defense official offered testimony to Congress that doubled down on the video’s underlying message: the armed services must be a “safe space” in which each and every member feels validated and affirmed on his and/or her journey of self-discovery.

Remarkably, the video discussed how to make the N …

Read more at: https://www.zerohedge.com/military/dod-official-testifies-military-must-be-safe-space-non-binary

Lamborghini’s First Plug-In Supercar Will Replace Aventador

The latest addition to the Lamborghini lineup is the “Revuelto,” which replaces the Aventador. This marks the first time Lamborghini has developed a supercar with plug-in hybrid technology.

However, Revuelto (pronounced rey-WEL-to) isn’t your average hybrid car.

With a 6.5-liter V12 naturally aspirated petrol engine, two electric motors on the front axle, and a single motor mounted to an eight-speed dual-clutch automatic transmission, the hybrid supercar produces a monstrous 1,000 horsepower.
Read more at: https://www.zerohedge.com/markets/lamborghinis-first-plug-supercar-will-replace-aventador

World economy faces weakest growth since 1990 – IMF

The weak outlook reflects a sharp rise in borrowing costs weighing on businesses and households.

Read more at: https://www.bbc.co.uk/news/business-65206409?at_medium=RSS&at_campaign=KARANGA

CBI lobby group in ‘difficult place’ after rape claim, says member

Andy Wood, boss of brewer Adnams, says his company is considering its membership of the group.

Read more at: https://www.bbc.co.uk/news/business-65199187?at_medium=RSS&at_campaign=KARANGA

Amazon takeover of iRobot faces UK watchdog review

A review has begun into the tech giant’s planned takeover of the makers of Roomba vacuum cleaners.

Read more at: https://www.bbc.co.uk/news/business-65199711?at_medium=RSS&at_campaign=KARANGA

Corporates rush with warrant offers as valuations take beating

Since January this year, about three dozen companies have allotted convertible warrants to their promoters. The list mostly includes small- and medium-sized companies across sectors. Ashapura Minechem, Flexituff Ventures, BCL Industries, Hariom Pipe Industries and Magnum Ventures are a few notable examples with an annual turnover above Rs 300 crore.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/corporates-rush-with-warrant-offers-as-valuations-take-beating/articleshow/99294786.cms

​5 IT stocks witnessing a short build-up ​

>> For more such web stories click on the ET icon below

Read more at: https://economictimes.indiatimes.com/markets/web-stories/5-it-stocks-witnessing-a-short-build-up/articleshow/99303658.cms

​Top 5 Nifty companies by m-cap witnessing a long build-up​

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Read more at: https://economictimes.indiatimes.com/markets/web-stories/top-5-nifty-companies-by-m-cap-witnessing-a-long-build-up/articleshow/99304034.cms

Earnings Outlook: Banks on the line for deposit flows and margin pressure in Q1 updates as they reel from banking crisis

Investors have punished bank stocks as the largest collapse of a U.S. bank since 2008 caused shockwaves and recession signals flash in the bond market.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71CC-A736F2C0A93A%7D&siteid=rss&rss=1

The Ratings Game: Lumentum stock heads for lowest price since 2019 as component glut seems to spread to telecom sector

Lumentum shares dropped toward their lowest closing price since 2019 on Thursday amid concerns that inventory backups have spread to the telecom industry.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71CD-B3CED6CD66D6%7D&siteid=rss&rss=1

Futures Movers: Oil tallies a third straight weekly gain after OPEC+ production cuts

Oil futures score a third straight weekly gain on Thursday, lifted by this week’s unexpected production cuts by OPEC+.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71CD-163CB5FDF1AB%7D&siteid=rss&rss=1