by Brant Foy | Feb 20, 2021 | Business
The abrupt change in temperature could create new complications After more than a week of dealing with brutal Arctic temperatures 50 degrees below normal at times, the Plains and the south central United States are just about done with the cold. Texas has only one...
by Henry Strother | Feb 19, 2021 | Business
BP and Chevron, this Tuesday, announced plans to invest heavily in geothermal energy through a new innovative start up. The new technology introduced by Canadian startup Eavor, pronounced “ever”, provides a clean energy source directly from the earth’s heat. BP and...
by Brant Foy | Feb 19, 2021 | Business
AUSTIN, Texas – Power was restored to more homes and businesses Thursday in states hit by a deadly blast of winter that overwhelmed the electrical grid and left millions shivering in the cold this week. But the crisis was far from over in parts of the South, where...
by Brant Foy | Feb 19, 2021 | Business
U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including Texas, where wellheads and pipelines froze. Now, this is turning into a global problem....
by Brant Foy | Feb 18, 2021 | Business
Occidental Petroleum says it is curtailing oil deliveries from the Permian Basin region due to complications from the historic Texas freeze, in the first force majeure among the area’s major oil producers. The company also expects curtailments of shipments...
by Melody Meadows | Feb 17, 2021 | Business
While hundreds of thousands of Austin homes were without power Monday night amid outages mandated by Texas grid operators, the downtown area remained glaringly alight. ‘Basically we’re stuck here’:40% of Austin Energy homes without power amid failed...
