Energy in America

More than 14,000 Floridians were left without power overnight after now Tropical Depression Fred made landfall.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned on Tuesday that inflation is causing an “attack on America,” especially the poor and middle classes.

Montana Gov. Greg Gianforte blasted President Biden on Monday for his energy policies and for the “horrendous” move to ask the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil.

Stephen Moore argued that President Biden recently had “one of the worst weeks” in office so far.

Hydrogen, the most abundant element in the universe, is increasingly viewed, along with electric vehicles, as one way to slow the environmentally destructive impact of the planet’s 1.2 billion vehicles, most of which burn gasoline and diesel fuel. Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward. So are makers of planes, trains and passenger vehicles.

Germany is forecast to slip back below the threshold it had set for cutting greenhouse gases by 2020, amid a post-pandemic recovery and unfavorable conditions for renewable energy, according to a report by an environmental think tank Sunday.

The Consumer Price Index rose 5.4% in July, matching the prior month's gain as the fastest since August 2008, while prices at the producer level jumped 7.8%, the most on record, according to the U.S. Bureau of Labor Statistics.

Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.

Former Heinz CEO Bill Johnson said that he is “very” worried about inflation, pointing out that “we're seeing pressures that we've never seen before even across the entire food chain.”

GasBuddy Head of Petroleum Analysis Patrick De Haan forecasted that gas prices are close to hitting a peak and that prices will start to drop in September.