The sweeping push to replace fossil fuel plants with clean energy is forcing US power grids to the brink of a twin crisis, making electricity unaffordable while raising the specter of more frequent blackouts, a member of the Federal Energy Regulatory Commission said.

Many things about the energy transition are foolish and driven not by science, but by feelings or politics.

The EU is piloting a project called ENVISION. This explores the possibilities of harvesting energy from the surfaces of buildings.

Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent.

The Worldwide Rig Count for November was 1,890, down 3 from the 1,893 counted in October 2022,and up 346 from the 1,544 counted in November 2021.

U.S. Rig Count is unchanged from last week at 784, Canada Rig Count is up 1 from last week to 195.

Brent crude futures were up 20 cents or 0.23% at $87.08 per barrel, WTI gained 6 cents or 0.07% to $81.28 per barrel.

In June the EU announced that, come December 5th, it would ban imports of Russian seaborne crude oil, which accounted for 2m barrels per day (b/d), or about 40% of Russia’s total crude exports, a year ago.

Средняя цена на нефть марки Urals в январе-ноябре 2022 года сложилась в размере $78,32 за баррель, в январе-ноябре 2021 года - $68,66 за баррель.

Gas prices are four times higher than normal for this time of year, fueling inflation and hurting economies.