Senate Majority Leader John Thune (R-S.D.) is moving full-speed ahead toward a planned vote this week on his chamber’s version of President Trump’s tax and spending bill, despite pushback from GOP colleagues and serious doubts about his prospects. Republicans say Thune and other Senate GOP leaders have told them the bill is on track for a vote before the July 4...
The U.S. oil and gas industry sparked an energy revolution a few decades ago by thinking in a different direction—literally. Horizontal drilling, combined with hydraulic fracturing, unlocked new petroleum reserves and quickly propelled the U.S. to global leadership in oil and gas. Fervo Energy, a company headquartered in oil capital Houston, is aiming for a...
A new approach developed at Chalmers University of Technology in Sweden could reshape how cellulose textiles are produced. Instead of relying on resource-intensive cotton or chemically processed wood pulp, researchers have demonstrated that common agricultural residues—like wheat straw and oat husks—can serve as effective raw materials for dissolving pulp, the base for cellulose fibers. The...
Iran’s parliament has endorsed closing the Strait of Hormuz, a vital oil transit point off its coast, but analysts are skeptical about the threat from a body without authority to close the strait. Why it matters: Impeding the strait would likely bring a massive spike in oil prices that would flow through to U.S. consumers. Read more in Axios here.
Applying a market-based approach to Colorado River management could ensure more robust and reliable supplies for farmers, communities and the environment, a new study has found. Without considerable cutbacks in basin-wide water consumption, fish populations could face dire consequences for at least one month of the irrigation season, scientists warned in the study, published Friday...
The U.S. Department of Energy (DOE) is inviting private-sector nuclear developers to submit proposals for experiments and demonstrations using its Microreactor Application Research Validation and Evaluation (MARVEL) project. The first-of-its-kind operational test bed for advanced microreactor technologies is now 90% through its final design phase, with key components already under fabrication. Idaho National Laboratory (INL),...
Shoppers around the world are quickly adding more used shoes, accessories and clothes to their closets. Last year, they spent $227 billion on secondhand apparel, accounting for nearly 10% of all global spending on clothes, according to a new report from online resale marketplace ThredUp Inc. The trend is set to accelerate, particularly in the US...
For years, Americans have been blanketing their homes with scads of solar panels. Now, they’re adding a growing number of batteries to store that electricity and protect against blackouts. Battery storage in US homes surged by 64% in 2024 compared to the previous year, outpacing increases in commercial and utility installations, according to new data from Wood...
A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday. The draft bill, part of a sprawling Republican budget package,...
Abu Dhabi’s state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos. Why it matters: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their...
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