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News & Articles By Kevin Hughes
05/12/2023
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By Kevin Hughes
German gov’t plans to subsidize UP TO 80% of energy costs for certain industries
The German government plans to shoulder up to 80 percent of energy costs for certain industries, amid the country’s energy crisis caused by failed green policies and over-reliance on Russian gas. Economic Affairs and Climate Action Minister Robert Habeck put forward the plan, which would see German industries pay a subsidized electricity price of €0.06 […]
05/09/2023
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By Kevin Hughes
Slowing fuel demand stokes fears of impending RECESSION in the US
A drop in the demand for fuel amid slow economic growth has stoked fears of a recession among investors. The demand for diesel – the fuel of the industrial economy – has dropped abruptly as freight markets settle down. Fuels for vehicles have also seen a drop in demand as motorists are tightening their belts and […]
05/08/2023
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By Kevin Hughes
Japan to subsidize up to HALF THE COST of mine development and smelting projects for lithium and other minerals
Japan’s Ministry of Economy, Trade and Industry (METI) will bankroll up to half the cost of mine development and smelting projects for lithium and other important minerals by Japanese companies. According to an April 23 report by Nikkei Asia, METI is targeting several elements – namely lithium, manganese, nickel, cobalt, graphite and rare earth metals. The […]
03/31/2023
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By Kevin Hughes
US, Japan sign trade agreement on minerals for electric vehicle batteries
The United States and Japan signed a trade agreement Tuesday, March 28, on electric vehicle (EV) battery minerals. The agreement bolsters both countries’ battery supply chains and gives Japanese automakers broader access to the $7,500 U.S. EV tax credit. A senior Biden administration official said the deal prevents the two countries from approving bilateral export restrictions on […]
03/31/2023
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By Kevin Hughes
Analysts: Biden green energy agenda could cost $1.2T
Financial analysts warned that the cost of President Joe Biden’s green energy agenda could soar to $1.2 trillion – more than triple the initial projection – if left unchecked. The Inflation Reduction Act (IRA) of 2022 provides huge tax and investment credits for buying electric vehicles, home solar panels, heat pumps, energy-efficient home appliances and […]
03/23/2023
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By Kevin Hughes
US Naval Research Lab begins first laser energy test in space
The U.S. Naval Research Laboratory (NRL) has commenced its first laser energy test in space, bringing the prospect of a laser energy beam fired from space closer to reality. A bureau statement confirmed that the NRL had begun the Space Wireless Energy Laser Link (SWELL) on March 14. The test exhibiting laser power beaming was part […]
03/14/2023
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By Kevin Hughes
China still thinks fossil fuel is key to a reliable power grid
Despite the growing popularity of renewable energy, China still thinks fossil fuel is the key to boost the reliability of the country’s power grid. “We will strengthen the basic supporting role of coal and take orderly steps to increase advanced coal production while ensuring safety,” the Chinese National Development and Reform Commission (NDRC) declared in […]
03/12/2023
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By Kevin Hughes
South American countries planning to create LITHIUM CARTEL
South American countries Argentina, Chile, Bolivia and Brazil are planning to form a lithium cartel to turn more of their mined lithium into batteries and get involved in the electric vehicles (EVs) manufacturing sector. The said countries are looking to emulate similar schemes, such as the Organization of the Petroleum Exporting Countries (OPEC), with regard to organizing production flows, […]
01/23/2023
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By Kevin Hughes
Solar and wind can’t replace fossil fuel, points out economist Peter Hartley
Solar and wind can’t replace fossil fuel as primary source of energy, according to economist Peter Hartley. “I don’t think solar and wind can replace fossil fuel. I’m sorry, it can’t be done,” Hartley told host Fergus Hodgson during the January 17 episode of the “Gold Newsletter” podcast. “The only thing that can replace it is […]
12/20/2022
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By Kevin Hughes
STUPID: Sunak plans to end UK’s energy crisis by reintroducing policy that caused it
A decades-long faulty energy policy that favors renewables has caused the ongoing energy crisis in the United Kingdom. This policy crumbled energy security and left the country exposed to the repercussions of major incidents such as the Russia-Ukraine war. But Prime Minister Rishi Sunak seems unaware of it. In fact, he is reportedly planning to reintroduce a policy […]
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