NEADA found the average monthly electric bill has surged 29% since 2021, and natural gas has jumped 50% over the past year.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Correspondingly, Americans are enjoying the lowest prices at the pump in about 4 years, according to driver’s association AAA.
Shell and BP shares rose roughly 3% on Thursday, while US majors Exxon Mobil and Chevron were more muted, up 1.1% and 0.6% respectively.
A nuclear boom is directly downstream from the AI boom, with $350 billion in nuclear spending in the US planned by 2050, per Bloomberg.
One of the year’s hottest stocks, Oklo, shed a fifth of its value amid an insider selloff, prompting Goldman Sachs to caution investors.
Shares of Plug Power, a hydrogen tech provider, have exploded in the past week, climbing roughly 50% through the past five trading sessions.
The Trump administration’s “drill, baby, drill” ambitions have been hampered by the reality of the global oil market.
Russia and China have already announced plans for a joint-base small modular nuclear react on the moon by the mid-2030s.
Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.
Westinghouse has changed hands a bit since completing its last nuclear reactors, both at Plant Vogtle in Waynesboro, Georgia.
The current surge in energy demand is virtually unprecedented since the mass effort to electrify America immediately following World War II.
Meeting energy demand without excess carbon emissions may require doing more with what we have.
After roughly two straight years of production cuts to prop up falling prices, the oil cartel’s newest problem is a shrinking market share.
Rising temperatures and massive new data centers are providing a massive stress test for the US power grid.
A megamerger of this sort would vault Shell’s market cap closer to ExxonMobil’s $468 billion and likely beyond Chevron’s $248 billion.
With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.