Energy

The U.S. and China are furiously building electrical capacity. It's not even close.

Big Tech is spending hundreds of billions of dollars to build out the energy-hungry infrastructure of AI, and many are turning to “behind-the-meter” solutions to get things up and running as quickly as possible.

Exxon Mobil and Chevron posted their lowest annual profits since 2021 in their earnings reports on Friday, a sign that now is not really a time when big oil is looking to make any kinds of sizeable investments in new oil production.

There are a multitude of reasons including an aging electric grid, the rising price of natural gas, and other factors accelerating demand.

From the BBC World Service: A group of European countries is committing to build an offshore wind power grid in the North Sea.

One climate scientist found that 29% of methane produced by Venezuela’s oil and gas industry escapes into the atmosphere. Fixing it would cost billions.

Cuba is set to lose access to one of its main suppliers of oil after the Trump administration captured Venezuelan President Nicolás Maduro earlier this month.

There’s been a long-standing synergy when it comes to the U.S. and Canada around oil. But the seizure of Venezuelan oil by the United States has thrown a bit of a wrench into the future of that relationship.

The Trump administration declared that it would control Venezuelan oil production indefinitely. But what could that actually mean for the U.S. and for Venezuela?

Nearly a third of the power that AI data centers use goes to keeping the computing equipment cool.