More energy headlines

** According to the most recent results from the Residential Energy Consumption Survey (RECS), 56% of U.S. homes used at least one internet streaming device with a TV in 2020—an increase from 29% in 2015. An equal percentage of U.S. homes, 56%, used at least one set-top box with a TV in 2020, which is a decline from 76% in 2015. About 27% of homes used both a streaming device and a set-top box in 2020, up from 21% in 2015.

** It’s reported that Elon Musk sold $8.52 billion of Tesla to fund his acquisition of Twitter.

** U.S. officials on Tuesday announced unprecedented measures to boost water levels at Lake Powell, an artificial reservoir on the Colorado River that is so low as to endanger the production of hydroelectric power for seven Western states.

** Natural gas prices in the U.S. hit a fresh 13-year high on growing concern that stockpiles of the power-plant fuel will fall short of demand this summer.

** US oil exports to Europe have surged to the highest point since Washington lifted its export ban in 2016. The US sent 48.8 million barrels of oil to Europe from major terminals in Texas and Louisiana last month, per Bloomberg.

** An unreleased report from CarGurus, an automotive research and shopping firm, shows that 53% of active shoppers say they are considering a more fuel-efficient vehicle in response to high gas prices.

** The state of North Dakota and the federal government are suing pipeline operator, Belle Fourche Pipeline, over a 600,000-gallon oil spill that contaminated the Little Missouri River and a tributary in 2016.


** The European Union is planning to turn to Africa to help wean itself off Russian natural gas, Bloomberg reported, citing a draft document detailing the trade bloc’s energy strategy. Countries in western Africa, like Nigeria, Senegal, and Angola, in particular have largely untapped potential for liquefied natural gas, the European Commission said in the document, per Bloomberg.

** Guyana has started talks with U.S. Exxon Mobil Corp to build a more than 120-mile (190-km) natural gas pipeline from the company’s offshore projects, Natural Resources Minister Vickram Bharrat said on Tuesday.

** India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.

** India’s top steelmaker said it would stop importing Russian coal due to “uncertainties” created by Western sanctions, the Financial Times first reported.