Category: Energy
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Canada’s 40B LNG Investment
Canada, being one of the world’s largest producers of natural gas, does not have the infrastructure to export it overseas. LNG Canada aims to become a major source of liquefied natural gas (LNG) for export. So, this project involves building a terminal and pipeline to transport the gas from the source to the terminal, where…
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Berkshire buys…
https://www.businesswire.com/news/home/20230710023048/en/Berkshire-Hathaway-Energy-Announces-Purchase-of-Additional-Stake-in-Cove-Point-LNG?s=03 Berkshire Hathaway first bought a stake in Dominion’s gas pipeline and storage assets for $4 billion in 2020 and just announced 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. BRK.A now owns a 75% limited partnership stake in Cove Point LNG located in Lusby, Maryland. Subject to…
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Germany kicking the can…
https://www.kob.com/news/business-money/german-government-puts-off-vote-on-a-contentious-heating-plan-until-september/ Germany’s governing coalition has delayed a vote on legislation aimed at encouraging the replacement of fossil fuel heating systems until September. The decision came after the country’s top court rejected plans to push the bill through parliament this week. The court’s ruling was an obstacle for Chancellor Olaf Scholz’s coalition, hampering its attempts to…
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OIL and Inflation
https://www.investing.com/news/commodities-news/crude-oil-surges-higher-helped-by-us-cpi-opec-report-3104289 World consumption will exceed supplies by roughly 2.7 million barrels a day next month, a report from OPEC indicated on Tuesday, and if the de facto leader of the group decided to extend the reduction for the whole third quarter, it would be the biggest deficit since 2021. The International Energy Agency, which advises…
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Inflation Nation?
https://cdn.jwplayer.com/previews/MYmLSGnK?s=03 Commodities specialists Scott Shelady and Tom Grisafi talk about inflation and its implications beginning at 3:15
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Rain rain, don’t go away…