Aramco CEO Blasts Energy Transition “Fantasy” At CERAWeek 2024
CERAWeek 2024 featured an address by Aramco CEO Amin Nasser in which he called a transition away from fossil fuels “a fantasy.”:
saudi aramco
United States Produces More Crude Oil Than Any Country, Ever
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global … [continued]
CCS Redux: Capturing CO2 From Exhaust Pipes Is A Bad Idea That Won’t Die
Carbon capture and sequestration in all of its various ineffective, inefficient and expensive forms is having another run up the hype cycle. Nothing has really changed. The problems still exist. The alternatives are still better. The potential for use is still minuscule. And so, the CCS Redux series, republishing old … [continued]
Saudi Aramco Is Deservedly Under Scrutiny For Human Rights & Climate Violations
Saudi Aramco has received a letter from a special UN-designated group, outlining violations to human rights due to oil exploitation. Yet the greenwashing continues.
Bill McKibben Blasts BlackRock Decision To Add Saudi Aramco CEO To Its Board
Bill McKibben has harsh words for BlackRock CEO Larry Fink after he added the head of Saudi Aramco to the board of directors.
How Low (& How Green) Can Solar Cells Go? The Magic Word Is Kerfless
The silicon wafer NexWafe says buh-bye kerf, hello low-cost, lightweight, flexible solar cells.
Kenya Signs Deals To Import Fossil Fuels On Credit For 6 Months To Relieve Pressure…
Kenya recently signed some deals with firms from Saudi Arabia and the United Arab Emirates (UAE) to supply diesel, petrol, and jet fuel on credit for the next 6 months to ease mounting pressure on the demand for foreign currency as well as to try to stem the Kenya shillings … [continued]
Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not…
On the Tesla conference call today, the #1 headline grabber was that Tesla CEO Elon Musk now thinks Tesla [NASDAQ:TSLA] could one day become more valuable than Apple and Saudi Aramco currently are combined. That would entail a massive increase in Tesla’s market cap, as the chart below shows. On … [continued]
Tesla Likely To Become More Valuable Than Saudi Aramco In This Decade
Tesla’s market value is higher than all energy companies in the S&P 500 combined, Bloomberg reports. The article noted that Tesla surged 43% in October, and this helped its market cap reach $1.2 trillion, which is higher than the $1.1 trillion market value of the S&P 500’s energy sector. As … [continued]
CleanTechnica Interview with Energy Vault CEO: PSH Energy Storage & Recycling Coal Ash
I was recently invited to interview Energy Vault Chairman, Co-Founder, and CEO Robert Piconi, who shared some of the latest achievements about Energy Vault and what sets it apart from its competitors in the energy storage industry. Energy Vault’s mission is to accelerate the decarbonization of our planet by introducing … [continued]
