Deregulate To Regulate

Watch Live: Fed Chair Powell's Last Press Conference With Kevin Warsh having won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve, it's pretty much a done deal that this will be Jerome Powell's final press conference as Fed Chair. And while The Fed took no action - as 100% expected - the question remains whether Powell will lean hawkish (oil crisis means inflation tsunami) or dovish (higher costs drag on economy and need support) despite the most dissents (3...

Britain Bets On Hydropower To Boost Energy Security Authored by Felicity Bradstock via OilPrice.com, Britain has provisionally approved three major pumped storage hydropower projects in Scotland, the first of their kind in more than 40 years. Pumped storage facilities will act as large-scale energy storage systems, helping balance intermittent wind and solar generation. The projects are expected to improve energy security, reduce reliance on imported fossil fuels, and support the U.K.'s decarbonisation strategy. After years of neglect, the United Kingdom has big plans for hydropower as part of broader plans for a green transition....

Iran Counter-Blockade Bites As No Tankers Load At Kharg For 10th Day Earlier today, in response to news that the number of tankers anchored at Iran's Kharg Island oil terminal had hit a post-blockade peak, we wondered if this means that Iran is running out of tankers to store oil, i.e., Trump' blockade of the blockade is working. In any case, it certainly means that Iran is no longer able to sell any of the oil, depriving it of much needed oil export revenues which it has found itself forced to...