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In an inflammatory social media post, U.S. President Donald Trump accused Colombia’s first-ever leftwing President Gustavo Petro of colluding with drug traffickers, calling him “an illegal drug leader”. Trump, in an increasingly hardline stance, called for the cessation of U.S. aid and imposition of further steep tariffs on Colombia. He even went as far as threatening military strikes if narcotics trafficking does not end. This is testing the historically close alliance between the United States and Colombia, which is Latin America’s…
Tony Blair’s think tank has called for the government to ditch its 2030 clean power target as it urged the Labour government to focus on making electricity cheaper in order to persuade Brits to use it over gas. In a report published by the Tony Blair Institute (TBI), researchers called for the government to “solve” problems including the decline of North Sea oil production, which had made the UK less secure. It is the latest indication that Blair has split from Keir Starmer’s government on key issues after the…
Annual conventional discovered volumes once averaged more than 20 billion barrels of oil equivalent (boe) per year in the early 2010s, but these have fallen to nearly one-third of that, with analysis by Rystad Energy showing global discoveries have averaged slightly over 8 billion boe annually since 2020 despite several standout frontier finds in Namibia, Suriname, and Guyana. Despairingly, the yearly average declines further to about 5.5 billion boe between 2023 and September this year. The contraction reflects a strategic change where the global…
Two drastically different trends in energy careers are taking place on either side of the Atlantic Ocean. While the Trump administration pulls back billions of dollars in clean energy funding and seeks to prop up coal careers, the United Kingdom is rolling out a plan to add 400,000 clean energy jobs to the national economy. Just this week Edward Miliband, the Secretary of State for Energy and Climate Change of the United Kingdom, announced a national plan to train hundreds of thousands of plumbers, electricians, carpenters, welders, HVAC installers,…
An auto supplier that manufactures electrified propulsion systems, among others, has closed a factory in Detroit because of the drop in demand for electric vehicles. In a statement cited by CBS, Dana Inc. said that the closure decision was the result of an “unexpected and immediate reduction in customer orders driven by lower demand for electric vehicles, which has rendered continued operations at the plant no longer viable.” Some 200 workers at the plant will be laid off. The Dana facility may be the first of many casualties of the…
