$100 Oil And An American Recession
Oil has moved from less than $70 last year to $90 now. A large number of analysts believe that it will move to $100, or even $200. At that point, gas prices could go to $10 and start to cripple the US economy
Oil has moved from less than $70 last year to $90 now. A large number of analysts believe that it will move to $100, or even $200. At that point, gas prices could go to $10 and start to cripple the US economy
In 2024, Exxon’s CO2 emissions were 610–677 million metric tons. Germany’s was less than 700. However, Exxon is not the worst corporate polluter. Saudi Aramco’s emissions are about the same as those of Russia, which ranks No.5 among countries.
The Department of the Interior offered millions of acres for offshore oil in the seas around Alaska. It is part of Trump’s “drill baby drill” initiative—no company bid for the leases. The truth is, there are easier places to produce oil at lower prices, and that is not likely to change.
As oil and natural gas prices rise due to the Middle East conflict, electricity rates will rise with them. Green energy should help mitigate the problem, but most wind and solar installations are not yet connected to the US electricity grid. That rules them out as a solution.
One of the reasons people bought EVs was high gas prices. They reached $5 at the start of the Ukraine war, when oil was $100. Now, the Middle East war is moving oil back in that direction. The extremely low fuel cost of an EV is attractive again. EV sales need the help.
Superpollutants, which include carbon dioxide and methane, account for more than half of greenhouse gases. Several large US companies want to fight the problem with $100 million. However, it’s a trillion-dollar issue.
Huge tech companies like Google and Amazon will spend $1 trillion to build AI data centers in the next two years. The problem is that they don’t have a way to get electricity without raising residential bills through the roof. President Trump thinks he has a solution. Maybe.
The theory is that if oil tankers can’t get through the Suez Canal, the shortages will help the growth of green energy. The problem is that green companies often need debt financing. Wars drive up interest rates, which can make their growth difficult
NVIDIA and Google both say they have weather prediction systems better than those currently used by humans. The National Weather Service is already shrinking. AI may be an alternative.
S&P says EV sales will recover late in 2026. New models are the primary reason. However, is that going to overcome worries about the driving range and a lack of charging stations?
Tornado season has just started. It’s traditionally from March to June, when activity peaks nationwide. The NOAA reported 1,559 tornadoes last year. So, watch for at least 1,000 storms this year. Damages from tornadoes last year have been put at $11 billion. Climate Crisis247 explains.
According to the journal Nature, tides around the world are rising much faster than most scientists estimate. By the end of the century, the new correction to sea level data means 48–68% more people would be affected than currently assumed, pushing the total number at risk up to roughly 77–132 million people
Some parts of the south get heavy snowfall in March. Based on new forecasts, several of these will likely set records. Global warming is sending cold air south, even if that is unexpected. Climate Crisis247 explains
Tornado season is back. And. There may be some this weekend. Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247 explains
Trump says that the US has so much natural gas and oil that a shortage from the Middle East war won’t matter. Unfortunately, much of the US energy is still in the ground. Douglas A. McIntyre Editor-In-Chief of Climatecrisis247 explains
The war in the Middle East should push up oil prices. That’s not happening. The US is the world’s largest oil producer, and OPEC+ has promised more crude. Douglas A. McIntyre, Editor-In-Chief of Climatecrisi247, explains.
Much of the world’s natural gas is from the Middle East. The war should be driving down supply and costs up. However, many people don’t know that the US is the world’s largest natural gas producer. Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247, explains.
Green energy should be helped when oil prices are up. However, many green companies need to borrow money. Wars take the interest rate higher. Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247 explains
Snow hit some places so hard this winter that commerce came to a standstill. Where did that happen? Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247, explains.
US EV adoption appeared headed toward making the country one of the global leaders. However, that has stopped. Europe has pulled well ahead of us. Why? Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247 explains
Solar energy has become so inexpensive that it has passed wind as a source of energy. In the US, neither is doing well. Douglas A. McIntyre, Editor-In-Chief at Climatecrisis247, explains.