** President Joe Biden warned Tuesday that Saudi Arabia would face “consequences” after OPEC+ last week announced the biggest cut in oil production since the start of the coronavirus pandemic.
** As the Biden administration launches its historic Inflation Reduction Act, there’s a warning the U.S. will need twice as many electricians to carry out some of the climate goals. Jules Kortenhorst, CEO of independent clean energy firm RMI says the demand for electricians could balloon to give times the industry’s current size.
** Honda Motor Co. has announced plans to build a $4.4 billion battery factory and its own electric vehicles in Ohio.
** The Federal Reserve Bank of Dallas reports that push for electric vehicles has resulted in planned investment exceeding $40 billion, targeting parts of the U.S. in an effort to build out a key part of the domestic supply chain for batteries and EVs.
** The chair of a U.S. House of Representatives committee on Tuesday asked Postmaster General Louis DeJoy to detail how the Postal Service (USPS) will spend $3 billion awarded by Congress in August for electric vehicles and charging infrastructure.
** While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence reports, citing experts on the sidelines of a Gulf Coast energy forum.
** Switching over to electric vehicles (EVs) is something more Americans are also considering these days. New registrations of of electric vehicles jumped 60% in the first quarter of 2022 and Teslas made up over half of new EV registrations.
** Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday, citing people with knowledge of the situation.
** An environmental group sues the Tennessee Valley Authority for records showing plans to build natural gas-fired generation to replace coal plants in Tennessee.
** The Tennessee Valley Authority announces plans to convert its fleet of 1,200 light- and medium-duty vehicles to electric by 2030, including the use of a Volkswagen model with custom storage for drones and field equipment.
World
** A leak was detected in an underground oil pipeline in Poland which is the main route through which Russian crude reaches Germany, the Polish operator said Wednesday. The cause of the leak isn’t known.
** A new liquefied natural gas project off Africa’s western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany.
** Germany can weather a winter gas shortage caused by Russia’s war on Ukraine provided companies and households pull together, Chancellor Olaf Scholz said on Tuesday ahead of a meeting of EU ministers divided over the best response to the energy crisis.
** Freight rates for liquefied natural gas carriers have hit a record high of $397,500 a day. European countries are stocking up on gas supplies for the winter to replace Russian flows.
