IEA Birol Warns Of No "Credible Pathway" Back To Pre-War Energy Markets In 2027

Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent...

Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true.

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens By West Garrett of Industrial Sage Summary: Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, the specialized material transformers require Demand for generator step-up transformers has grown 274% since 2019, outpacing any increase in manufacturing capacity For industrial developers, equipment availability has replaced...