It’s a relatively new use for an #Energy Dept “emergency power” normally deployed to bypass #pollution limits & keep #power plants running more frequently during a hurricane, or the recent winter cold snaps. However, last year, Energy Sec Chris Wright used this emergency power to order those #coal plants & one #oil plant to stay open well past their shut-down date—arguing there wasn’t enough energy being generated to power the #grid if they went dark.
The #Trump admin has so far prevented 5 aging #coal-fired #power plants from shutting down at their planned retirement dates. The admin says this is a cost-saving solution for Americans at a time when rising #energy bills are causing concern around the country. But experts say it’s likely to increase energy prices, instead. In fact, new analysis shows the move could cost #US ratepayers billions over the next 2 years.
#idiocracy #CostOfLiving #ClimateChange #ClimateCrisis #FossilFuels #law
It’s a relatively new use for an #Energy Dept “emergency power” normally deployed to bypass #pollution limits & keep #power plants running more frequently during a hurricane, or the recent winter cold snaps. However, last year, Energy Sec Chris Wright used this emergency power to order those #coal plants & one #oil plant to stay open well past their shut-down date—arguing there wasn’t enough energy being generated to power the #grid if they went dark.
RE: https://mastodon.social/@kottke/116013120934445460
CONTEXT
the Government Pension Fund of Norway is the largest sovereign-wealth fund in the planet; investing over a real, EU trillion in businesses worldwide.
where did they get the money to start the fund? FROM SURPLUS PETROLEUM & FOSSIL FUEL REVENUES. Norway nationalized key sectors of their economy, starting with oil & gas.
so the Norwegian government uses oil & gas money to rid the country of #petromafia #consumerism thru investments not taxes.
take that, neoliberal capitalists.
Eneos Holdings plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore amid a push to increase its presence at major trading hubs. https://www.japantimes.co.jp/business/2026/02/04/companies/eneos-oil-trading-expansion/?utm_medium=Social&utm_source=mastodon #business #companies #eneos #oil #energy #trade
Eneos Holdings plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore amid a push to increase its presence at major trading hubs. https://www.japantimes.co.jp/business/2026/02/04/companies/eneos-oil-trading-expansion/?utm_medium=Social&utm_source=mastodon #business #companies #eneos #oil #energy #trade
Oil prices rise after US Navy shoots down Iranian drone https://www.bocvip.com/1186650/oil-prices-rise-after-us-navy-shoots-down-iranian-drone/ #6388728328112 #business #fb #gas #Markets #Mining #msn #oil #OilPrices #yt
Oil prices rise after US Navy shoots down Iranian drone https://www.bocvip.com/1186650/oil-prices-rise-after-us-navy-shoots-down-iranian-drone/ #6388728328112 #business #fb #gas #Markets #Mining #msn #oil #OilPrices #yt
The U.S. Navy shot down an Iranian drone headed toward a U.S. aircraft carrier in the Arabian Sea, spooking oil markets amid heightened tensions between Washington and Tehran. https://www.japantimes.co.jp/news/2026/02/04/world/us-jet-iranian-drone-arabian-sea/?utm_medium=Social&utm_source=mastodon #worldnews #us #iran #drones #arabianseamiddleeast #oil
The U.S. Navy shot down an Iranian drone headed toward a U.S. aircraft carrier in the Arabian Sea, spooking oil markets amid heightened tensions between Washington and Tehran. https://www.japantimes.co.jp/news/2026/02/04/world/us-jet-iranian-drone-arabian-sea/?utm_medium=Social&utm_source=mastodon #worldnews #us #iran #drones #arabianseamiddleeast #oil
crazy theory/hot take: the late 20th century and early 21st century has had a growing anti-knowledge bent because there is an underlying societal diminishing of cognitive abilitiy due to widespread lead poisoning from leaded fuel and other products.
really good video from @MarkhamHislop Energi Media that picks apart how the "Free Alberta Strategy", which is Danielle Smith's playbook, is trying to break up Canada based on the false notion that Ottawa is not being "fair" to Alberta... when it was the Alberta oilsands companies themselves that lobbied for the Industrial Carbon Tax.
really good video from @MarkhamHislop Energi Media that picks apart how the "Free Alberta Strategy", which is Danielle Smith's playbook, is trying to break up Canada based on the false notion that Ottawa is not being "fair" to Alberta... when it was the Alberta oilsands companies themselves that lobbied for the Industrial Carbon Tax.
#Trump slashes #tariffs on #India after PM #Modi agrees to stop buying #Russia #oil & purchase crude imports from #Venezuela & the #US
#geopolitics #extortion #MafiaState #economy
https://apnews.com/article/trump-india-tariffs-russia-oil-7ca672c7d00d543782d61116e482172c?utm_source=onesignal&utm_medium=push&utm_campaign=2026-02-02-US+tariffs
#Scotland cannot hide behind limited powers over #Trump abduction
#Scottish Govt should not use its limited powers as excuse to avoid standing up to Trump after abduction of captain of seized #oil #tankers
It emerged the #US Government ignored a Scottish court order and removed the captain and first officer of a #Russian-flagged, #Venezuelan-linked oil tanker the #Marinera, also known as #Bella 1, from #UK waters.
#Scotland cannot hide behind limited powers over #Trump abduction
#Scottish Govt should not use its limited powers as excuse to avoid standing up to Trump after abduction of captain of seized #oil #tankers
It emerged the #US Government ignored a Scottish court order and removed the captain and first officer of a #Russian-flagged, #Venezuelan-linked oil tanker the #Marinera, also known as #Bella 1, from #UK waters.
Capitalism is so successful that it needs to steal oil from socialist countries in order to survive.
“From Blockade to Asphyxiation”
by Manila de Los Santos in Savage Minds on Substack
@palestine@fedibird.com
@Palestine@masto.ai
@palestine@lemmy.ml
@usa
“On 29 January 2026, the Trump administration transformed a long-standing campaign of pressure into a blunt instrument of #suffocation. With an executive order, it weaponized the US tariff system against any nation, including countries like #Mexico, that dares to sell oil to Cuba”
https://open.substack.com/pub/savageminds/p/from-blockade-to-asphyxiation
“From Blockade to Asphyxiation”
by Manila de Los Santos in Savage Minds on Substack
@palestine@fedibird.com
@Palestine@masto.ai
@palestine@lemmy.ml
@usa
“On 29 January 2026, the Trump administration transformed a long-standing campaign of pressure into a blunt instrument of #suffocation. With an executive order, it weaponized the US tariff system against any nation, including countries like #Mexico, that dares to sell oil to Cuba”
https://open.substack.com/pub/savageminds/p/from-blockade-to-asphyxiation