Despite concern from the Biden administration, this analysis shows that oil demand has generally recovered from pandemic-related declines. High inflation has caused gasoline prices to appear unusually high, but that fact is unlikely to motivate OPEC to deviate from their stated production plan. Continue Reading
Most places prepare for the cold by protecting their critical infrastructure from freezing up. Texas does not. Lax regulation exposed electricity producers—and their customers—to failures that killed off all four of Texas’ top generating types: natural gas, wind, coal and nuclear. We look at each technology to show what failed. We also show how more cautious jurisdictions routinely deal with the problems that took Texas offline. Continue Reading