Energy in America

Ex-LA utility head admits taking bribes in billing scandal

The former head of the Los Angeles Department of Water and Power — the nation’s largest public utility — has agreed to plead guilty to taking bribes in a corruption scandal that grew out of an automated billing disaster that stuck ratepayers with exorbitant bills, federal prosecutors said Monday.

New COVID variants 'multi-year issue': Oil expert

ProChain Capital President David Tawil argues that 'we're going to have to be prepared for a difficult situation with the price of oil broadly across the world, and, therefore, potentially very high gasoline prices for the next bunch of years.'