Drones attacked oil pump stations in eastern Saudi Arabia on Tuesday morning, in what Saudi Energy Minister Khalid Al Falih is calling "an act of terrorism," according to Gulf News.
Driving the news: "Yemen's Houthi rebels said they had attacked several targets," AFP reports.
President Trump is heading to Louisiana Tuesday to tout his record supporting natural gas exports right as his administration's trade war with China is making that same thing more difficult.
Driving the news: The higher tariffs China announced Monday include U.S. LNG. The increase from 10% to 25% on a range of goods from Beijing means the trade spat is deepening, and energy will continue to be collateral damage.
Companies are either investing too much or too little in oil and natural gas, depending on whether or not the world takes aggressive action to reduce greenhouse gas emissions, concludes a new International Energy Agency report.
Driving the news: Oil spending levels, which have dropped since 2014 when oil prices collapsed, would need to drop even more to be consistent with the goals outlined in the 2015 Paris Climate Agreement. But investment levels also “fall well short of what would be needed in a world of continued strong oil demand,” the report states.
The concentration of carbon dioxide, the main, long-lived greenhouse gas causing global climate change, in Earth's atmosphere has reached new heights, according to scientists at Scripps Institution of Oceanography.
Why it matters: The new reading of 415.26 parts per million (ppm) on May 11 was the first daily baseline at Hawaii's Mauna Loa Observatory to eclipse 415 ppm. That observatory has kept long-term record of carbon dioxide in the atmosphere since 1958. That data, known as the Keeling Curve, traces the continuous increase in the amount of this greenhouse gas in the Earth's atmosphere since the Industrial Revolution.
On Friday, Reuters broke the news that Democratic White House frontrunner Joe Biden is crafting a middle ground approach on climate policy.
Why it matters: The story sheds light on how Biden may approach a topic that he has not yet emphasized in his nascent run. Biden drew quick attacks from rivals and activists, with Sen. Bernie Sanders and Gov. Jay Inslee issuing statements calling it inadequate. Per HuffPost, Sen. Kirsten Gillibrand was also critical.
