News
The world's biggest nuclear fusion experiment just got one huge step closer to completion. The International Thermonuclear Experimental Reactor (ITER) in Cadarache, France just received the final shipment of necessary components to assemble the giant magnet at the heart of the reactor. The central solenoid magnet, developed in the United States at the Oak Ridge National Laboratory, is a critical component of the massive experimental site, which is cooperatively funded and operated by a coalition of seven major world economies: China, the European…
Before 1 May, the once-mighty Organization of the Petroleum Exporting Countries (OPEC) had 12 members, but with the departure of the United Arab Emirates (UAE) at the start of the month, it has 11. These comprise Algeria, the Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela, together accounting for around 33% of the world’s crude oil output, about 46% of its total petroleum traded internationally, and roughly 73% of its proven oil reserves. Back when it was founded in 1960, these…
The 2026 US-Israeli war against Iran delivered one of the sharpest ironies in modern energy geopolitics: while Iranian infrastructure was taking a pounding, it managed to somewhat absorb the relentless airstrikes to its culture, its way of life, and its main target—the economy. However, the already heavily punished Iranian economy took on fresh sanctions and the might of a US naval blockade. During these sanctions and the blockade, Tehran’s oil revenues rose sharply in the critical early months. The regime that Washington sought to…
Last month, we reported that Bridger Pipeline LLC has proposed a giant pipeline with a capacity in excess of 1 million barrels per day (bpd) to transport Canadian crude into the United States. Dubbed "Keystone Light" due to its similarities to the Keystone XL project that former U.S. President Joe Biden canceled in 2021, the 36-inch pipeline would span nearly 650 miles (1,050 km) from the U.S.-Canada border in Phillips County, Montana, to Guernsey, Wyoming, and cost approximately US$2 billion. And now U.S. President Donald Trump has given…
