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Power Moves If a green pivot is to happen, power grids must become “supergrids,” continent-spanning networks that can move green energy thousands of miles. The technology is here, but politics may stand in the way.
MarketsDon’t Expect US Shale to Quickly Fill the Gap Left by OPEC+ CutShale can’t just turn on the spigot after years of disciplineUS output growth is less than half of what it was before 2020OPEC+ Shocks Market With Million-Barrel Production CutByKevin Crowley and Mitchell Ferman+FollowApril 3, 2023, 5:44 PM UTCUpdated onApril 3, 2023, 7:03 PM UTCThis time, US shale isn’t coming to the rescue.Even though oil drillers are flush with cash after record profits last year, US producers are unlikely to accelerate oil growth enough to make up for OPEC+’s surprise cuts, analysts and executives said.
