US oil production just hit an all-time high. 'Millions of people will die,' if this trend continues, a Stanford climate scientist said.

Tech Insider : Environment
Oil drilling
Oil is still widely used as an energy source, despite international efforts to reduce usage.

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Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter

Tech Insider
The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel.
The Tamar natural gas production platform.

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Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Tech Insider : Economy
Khurais oilfield, Saudi Arabia oil
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.

Ali Jarekji/Reuters

A 'litmus test' for a looming recession could come next quarter, says an economist who's been predicting a downturn for 18 months

Tech Insider
david rosenberg
David Rosenberg is still calling a recession.

WealthTrack

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

Tech Insider
Fatih Birol, head of IEA
Fatih Birol warned summer could be difficult for energy markets.

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US oil prices surge to their highest level in 2023

Tech Insider
oil rig

Jim Urquhart/Reuters

Oil prices nearing $100 a barrel is bad news for inflation — but it's good news for Russia

Tech Insider
Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022 in Moscow, Russia on October 12, 2022. (
Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022.

Kremlin Press Office/Handout/Anadolu Agency/Getty Images

How two former Goldman Sachs traders built the No. 1 US coal exporting business

Tech Insider
  • Two ex-Goldman bankers have made their fortune betting on a non-renewable resource, Bloomberg reported.
  • Peter Bradley and Spencer Sloan have built a $1 billion commodities firm over the last eight years.
  • Javelin Global Commodities is now the No. 1 US coal exporter despite the environmental concerns associated with the fuel.

Two former Goldman Sachs traders have built the largest coal-exporting business in America, despite a global push to move away from the controversial fossil fuel. 

America is stuck in a greased-pig economy

Tech Insider : Economy
Bankers wrestling a piggy bank
America has been living in an economic version of the greased-pig game — and if we lose our grip on inflation, things could get ugly.

Liam Eisenberg for Insider

Trying to catch a greased pig is an American tradition that has fallen out of fashion — so you're forgiven if you don't know the rules. 

BP boss who resigned over undisclosed relationships with colleagues ended his marriage by text message, says ex-wife

Tech Insider
Bernard Looney wearing a suit and tie whilst gazing into the distance
Bernard Looney was CEO of BP for more than three years.

ARUN SANKAR/ Getty Images

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