Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.” CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron, La., on “Squawk Box.” Wright said that the U.S. is “continuing...
I didn’t come to the Senate from politics — I came from the field. I started as an engineer in Oklahoma’s energy sector and eventually led a company building and maintaining critical infrastructure. That experience taught me a simple lesson: Energy abundance is meaningless if you can’t move it to where it’s needed. Every time...
U.S. President Donald Trump has signed a presidential permit authorizing the Bridger Pipeline expansion, considered a partial revival of the Keystone XL pipeline project. The Keystone XL pipeline proposal was repeatedly killed and resurrected, and at one point cost Alberta taxpayers $1.3 billion. Smith says the new joint venture between Calgary-based South Bow and U.S.-based...
A research arm of the Chinese government said it had published an atlas of deep-sea mineral deposits, highlighting Beijing’s ambitions to mine the ocean floor and underscoring its disputed claims to waters that neighboring nations consider theirs. Experts say the maps, in addition to pinpointing mineral deposits found in the deep ocean, give China’s military...
Puerto Rico’s energy strategy is undergoing a quiet but meaningful shift, with liquefied natural gas (LNG) playing a more central role in stabilizing the island’s grid. The first year of operations for the U.S.-flagged LNG carrier American Energy, operated by Crowley, signals a step toward a more structured and reliable fuel supply model. Since launching...
Britain is preparing to raise windfall taxes on electricity generators unless they agree to long-term fixed-price contracts, in what amounts to one of the government’s most aggressive efforts yet to shield consumers from gas-driven power price spikes. The logic is politically seductive: if gas prices surge and legacy generators benefit from the market structure, the...
Ember’s new Global Electricity Review 2026 points to a genuine shift in the global power mix. In 2025, renewables supplied 33.8% of global electricity, edging past coal’s 33% share for the first time in the modern power era. Even more striking, clean generation growth slightly exceeded the rise in global electricity demand, which meant fossil...
A memo released by the Trump administration on Tuesday detailed a goal of having a nuclear reactor on the moon’s surface by 2030, a move that furthers the United States’ quest for supremacy in space over China and Russia. In the six-page document, the White House Office of Science and Technology Policy wrote that incorporating nuclear energy in...
Chinese officials have held initial talks with providers of equipment to make solar panels as they consider limiting exports of the most advanced technology to the United States, said five people with knowledge of the consultations. Such a clampdown would risk investments by U.S. firms and set back a race for space-based computing, as China,...
As the Iran war continues, oil prices keep rising. Gasoline has climbed to over $4 per gallon for the first time in four years. The ripple effects are spreading across the economy as markets that depend on affordable crude begin to absorb the disruption of roughly one-fifth of the world’s oil and liquefied natural gas that normally passes through the Strait of Hormuz. Everything from airline tickets to groceries is seeing upward pressure as the prices of jet fuel, diesel, and fertilizer all rise.
Help us promote free market solutions for climate change.
Thank you for signing up