The great oil inflection

Big Oil Breaks Everything

The planet, our democracy, our courts...

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion

The New Gulf War: Epic Fubar Goes Global

Why there is much more at stake here than rising prices

The shale revolution helped make America’s economy great

But will the country’s oil riches discourage a similar revolution in renewables?

As Europe swelters, Paris judges say consumers aren’t to blame — TotalEnergies is

A Paris judicial tribunal has just ruled on a case brought against TotalEnergies by environmental groups and the City of Paris. The judgment does not halt the company's fossil-fuel expansion. But it does something the industry has spent half a century resisting: it holds TotalEnergies legally responsible not just for the emissions from its operations, but for the emissions produced when the oil and gas it sells are ultimately burned.

Trust is the New Oil

From the Attention Economy to the Action Economy

The fallout from the AI-fuelled dash for gas

A supply crunch in giant turbines for gas-powered plants threatens environmental and geopolitical consequences

Oil and Gas=Peril and Poverty/ Solar and Wind=Prosperity and Protection

2026 has changed the psychological meaning of energy forever

Best of times, worst of times: record fossil-fuel profits, inflation and inequality

The 2022 oil and gas crisis resulted in record fossil-fuel profits globally that rehabilitated the oil and gas industry, obstructed the energy transition and contributed to inflation, but their magnitude and beneficiaries have been insufficiently understood. Here we show the size of profits across countries and their distribution across socio-economic groups within the United States, using company income statements, comprehensive ownership data and a network model for propagating profits via shareholdings. We estimate that globally, net income in publicly listed oil and gas companies alone reached US$916 billion in 2022, with the United States the biggest beneficiary with claims on US$301 billion, more than U.S. investments of US$267 billion in the low carbon economy that year. In a network of U.S. shareholdings with 252,433 nodes including privately held U.S. companies, 50 % of profits went to the wealthiest 1 % of individuals, predominantly through direct shareholdings and private company ownership. In contrast the bottom 50 % only received 1 %. The incremental U.S. fossil-fuel profits in 2022 relative to 2021 were enough to increase the disposable income of the wealthiest Americans by several percent and compensate a substantial part of their purchasing power loss from inflation that year, thereby exacerbating inflation inequality. These profits also reinforced existing racial and ethnic inequalities and inequalities between groups with different educational attainments. We discuss how an excess profit tax could be used to both lower inequality and accelerate the energy transition as increasing geopolitical tensions and climate impacts threaten continued volatility in oil and gas markets.

Trump’s Venezuela oil deal gives US access to vast reserves as Iran war drives energy concerns | The National

Agreement deepens US involvement in Venezuela’s oil industry as midterms approach and energy prices remain elevated

Self-Burn

Thanks to Trump, people around the world are scrambling to get out of fossil fuels.

Trump promotes ‘Freedom Fuel’ stations that sell cheap gas. How they’re able to do so is unclear | CNN Business

President Donald Trump is heralding a new chain of gas stations that are selling gas for $3.479 a gallon, well below both market prices and wholesale costs.

The Last Gasps of the Rent Seeking Class

Over the past fifty years, the U.S. economy built a giant rent-extraction layer on top of human limitations: things take time, patience runs out, brand familiarity substitutes for diligence, and most people are willing to accept a bad price to avoid more clicks. Trillions of dollars of enterprise value depended on those constraints persisting. – Citrini Research

Gasoline - Price - Chart - Historical Data - News

Gasoline rose to 3.72 USD/Gal on May 4, 2026, up 3.50% from the previous day. Over the past month, Gasoline's price has risen 12.48%, and is up 83.65% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on May of 2026.