U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.

As part of the new initiative which spans multiple government agencies, the Departments of the Interior, Energy and Commerce committed to a shared goal of generating 30 gigawatts of offshore wind in the US by 2030.

Committee chairman Sen. Joe Manchin (D., W.Va.) highlighted the importance of maintaining the nation’s position as a global leader in nuclear energy and called for pushback against strategic efforts by China and Russia to supplant the United States in this role.

Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on average) as consumption (2.3% per year), according to data from the U.S. Energy Information Administration.

U.S. Rig Count is up 6 from last week at 417, Canada Rig Count is down 11 from last week to 81

The cost of generating power from the sun has dropped more than 80% in the last decade, making it competitive with plants powered by fossil fuels like coal and natural gas.

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020

U.S. commercial crude oil inventories increased by 1.9 million barrels to 502.7 million barrels.

HALEU fuel is enriched to between 5% and 20% uranium-235 and will be required by many advanced reactor designs that are currently under development, but is not yet commercially available in the USA.

Advances in nuclear technology have made possible a largely autonomous, fully inherently safe reactor which can be safely moved.