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Gulf LNG Crisis Set To 'Make Coal Great Again'
Gulf LNG Crisis Set To 'Make Coal Great Again'
Our weekend wrap on the global energy crisis focused on Asia as ground zero and how the shock will ripple across the world, eventually hitting the US. This is now the second major energy crunch of the decade: first Russia's invasion of Ukraine, now the U.S.-Iran conflict. However, this one looks a lot more catastrophic.
The immediate impact of this energy crunch will be a resurgence of coal, especially across Asia, as power grid operators will be forced to switch to...
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First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia
First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia
Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia.
Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia.
"Line 1 is out of service while our team coordinates response and repair efforts," Colonial said in a statement cited by the outlet.
The outage hits a critical fuel artery that...
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