Breaking news: A potential tie-up between US power company NextEra Energy and its rival Dominion Energy would rank as one of the largest deals of all time ft.trib.al/Rb4XQLB

24% of trips on China's highways during the May 1 holiday were in EVs, while the share of EVs in all vehicles is 15%, highlighting how EVs are making a bigger dent in oil consumption than their share in the fleet. EV charging volumes along the highways were up 56% year on year.

*CME TO CREATE FUTURES MARKET FOR COMPUTING POWER BACKING AI

I read this from @zeitlin.bsky.social last week, and re-read it just now. It's very good. heatmap.news/energy/utili...

A handful of visuals from my latest newsletter.

Now at $4.40 www.gasbuddy.com/charts

Relative market share, two ways open.substack.com/pub/a16z/p/c...

China oil stockpile in context: a billion barrels more than the US. Also, Japan oil stockpile in context: bigger than all of OECD Europe. Note: *before* strategic releases in March 2026 www.eia.gov/todayinenerg...

74% of respondents to the latest Dallas Fed energy survey predict (at most) a 0.25mbpd increase in US production this year in response to the Iran war www.dallasfed.org/research/sur...

Three people in California have been sentenced for insurance fraud involving a person in a bear costume damaging high-end cars.

““It is perhaps not the smartest thing to be picking a fight with the pope.”

A few slides from my Transition-AI keynote for @latitudemedia.bsky.social earlier this week.

samuel beckett was born on this day 120 years ago. astonishing to think that if he had survived, and could run 100m in 9.57 seconds, he would be not only the oldest but also the fastest man in the world - together with his nobel prize for literature, an astonishing trifecta

HSBC CEO “The highest I’ve seen, and I’m hoping we don’t see more of that, but the highest I’ve seen is $286 for a barrel of oil that reached Sri Lanka” That’s a delivered barrel so includes shipping, insurance, etc. But it’s still an eye-watering price to pay. FT full quote:

Everyone seems to think coal will get a big lift because of the oil&gas crisis, except for the professionals - the traders and plant operators. They're buying less of the stuff in April, not more. Note this includes within-country shipments which are big in e.g. China, Indonesia.

I really enjoy @dkthomp.bsky.social as a writer, speaker, thinker, and interviewer. Delighted to be back on Plain English for a third time www.theringer.com/podcasts/pla...

Always fond of the old pence per chaldron pricing unit (thanks @jkempenergy.bsky.social)

What Did We Learn? #EnergySky

"Leg day is the periodic table and energy - hard, grinding stuff that actually makes you genuinely strong." @alexbhturnbull.bsky.social syncretica.substack.com/p/what-did-w...

One of my favorite data series, and nice to see it now at @ourworldindata.org

As the Middle East conflict continues to shake the world - people are asking us about solar, heat pumps and electric cars in record numbers. Solar sales up 54%. Heat pumps up 51%. EV leasing up 36%. Battery installations nearly doubled. 🧵 (2/4)

People in Britain want energy security that doesn't depend on what's happening thousands of miles away... 🧵 (1/4) @financialtimes.com

Very excited to see @robinwigglesworth.ft.com’s book out in September. I have pre-ordered A Fabulous Debt, of course, and you should too www.penguinrandomhouse.com/books/750210...

Since Iran effectively closed the Strait of Hormuz, countries across Asia have had to limit fuel purchases. Run by a junta and facing civil war, Myanmar is among the hardest hit.

Airlines in crisis mode as Iran war hits jet fuel supplies ft.trib.al/VLegxPg

Horrendous chart crime here, but the numbers matter

Jet fuel prices doubled in a month www.iata.org/en/publicati...

And the fuel charges come to Singapore

@conorsen.bsky.social Schtick

* EXCLUSIVE- QATARENERGY CEO TELLS REUTERS: WE MAY HAVE TO DECLARE FORCE MAJEURE ON LONG-TERM CONTRACTS FOR UP TO FIVE YEARS FOR LNG SUPPLIES TO ITALY, BELGIUM, KOREA AND CHINA @reuters.com

A little something on @halcyonai.bsky.social: we raised our Series A! Read on for more on what we're up to, and where we're going www.axios.com/pro/climate-...

Crude futures aren't telling the full story. See Dubai physical swaps (white, balance of the month) vs Brent prompt futures (blue) below. Normally they're pretty close, but right now there's a MAD bid for physical crude in the region—$100/bbl futs, $140/bbl physical barrels.

Crude prices aren't what will ultimately drive the necessary demand destruction should the Strait of Hormuz remain closed. That job will fall to refined product prices, the things we as consumers actually consume. Singapore spot jet fuel prices are there already, over $200/bbl

WBAL in Baltimore helping viewers understand the difference between watches and warnings

The national average price of gasoline in the US has reached $3.594/gal, the highest level since May, 2024.

Crude Gone Wild as.ft.com/r/914ff326-4...

BYD is examining options to enter competitive motorsport from the World Endurance Championship to Formula One, a move that would be a rare direct attempt by a Chinese manufacturer to take on a sport dominated by European and US teams. Read more: bloom.bg/4b2WM9V 📷: Lars Baron/Getty Images

Rarely do I see a "of course I'm going to pay to subscribe to this!" that's so obvious and so welcome.

It's wild to me that I just "locked my price" of $3.56/gal on a major c-store app right now... after locking it at $2.68/gal a week ago. expires in 4 days. hedging for free.

Not for nothing did I watch The Man with the Golden Gun last week, nodding along at the Solex Agitator plotline www.bloomberg.com/news/article...

Markets are *very* unhappy about developments in Iran.

19 years ago, a Metro magazine reporter in Washington DC was interviewing bar patrons about the best book they'd read recently. This was my answer in 2007, and 19 years later I'd still put it in my top 5.

Err make that 25c cc: @gasbuddyguy.bsky.social

Patrick is exactly what he says he is. Credible, non-hype information. A very worthy follow these days.

Staggering jump in average diesel prices over the last 168 hours: Texas ⬆️98c/gal New Mexico ⬆️91c/gal North Carolina ⬆️89c/gal Arizona ⬆️89c/gal Tennessee ⬆️87c/gal Mississippi ⬆️87c/gal Georgia ⬆️85c/gal West Virginia ⬆️82c/gal Florida ⬆️80c/gal Louisiana ⬆️80c/gal

with less than an hour until midnight, diesel is on the cusp of breaking a new all-time record- if it does, i'll post details shortly on what record it broke

I would watch an alternate-history version of The Hunt for Red October with Klaus Maria Brandauer as Marko Ramius

Quite the chart from Stripe's annual letter assets.stripeassets.com/fzn2n1nzq965...

China’s solar power generation overtook wind for the first time last year as a boom in cheap panels continues to reshape the country’s grid and climate trajectory