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GM Pulls The Plug On Bolt EV | OilPrice.com

General Motors will end production of the Chevrolet Bolt EV and EUV by the end of 2023 to refocus production lines towards the manufacturing of electronic trucks

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U.S. Net Debt To Exceed 110% By 2028 As Decarbonization Costs Mount

The US is facing rising debt, Social Security fund depletion, accelerated sovereign debt issuance, and a $150 trillion global "Net Zero" forecast requiring potential debt monetization by the Fed.

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EU Introduces New Tax To Push For Global Carbon Pricing

EU approves high-carbon import tax based on CO2 emissions to push for global carbon pricing and counter the benefits to local industries relocating to regions with weaker environmental laws.

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Oil, Gas Drilling Activity In The U.S. Perks Up

The total number of total active drilling rigs in the United States rose by 5 this week, according to new data from Baker Hughes published Friday, after falling 3 last week.

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Oil Sheds 2% Amid Indications Of Fragile Demand

Crude oil prices hit a three-week low on Thursday, trading down over 2.5% amid a significant uptick in gasoline inventories and continued fears of recession countering demand growth

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