Fossil Fuels & Generation
Molly Glick
Molly Glick
Energy Central Team
·Posted in Fossil Fuels & Generation
Sun, Jun 14

NEWS: More oil is moving through the Strait of Hormuz than we thought. 🛢️

  • Surprise: The US military is helping shepherd some 7M barrels of oil out of the Persian Gulf per day, Energy Sec. Chris Wright said. That’s roughly half the oil held up in the Strait of Hormuz since the Iran war began…and millions more than investors assumed were in transit. 

  • Yes, but: This figure doesn’t include crude from Iran—that would require either a deal or US military intervention. 

  • Meanwhile, the Trump administration has taken this opportunity to revive US coal production. This includes a push for a 1.6-GW coal plant (TerraSpark’s Energy Campus) in West Virginia, which would become the country’s first new coal facility since 2013. One snag: TerraSpark head Alex Phillips has no energy experience…but he does (reportedly) have links to QAnon.

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