Elon Musk’s SpaceX is hiring a trader to build and lead a natural gas trading team to support the space flight company’s growing fuel and power needs. Job postings for the role, which “focuses on physical and financial natural gas trading,” further underscores the importance of the power-plant and manufacturing fuel to support the company’s ambitions in
After years of snapping up wind and solar developments, hyperscalers like Amazon, Google, Meta, and Microsoft are betting that natural gas will power the data centers behind their lofty AI ambitions. But a new research report suggests they may regret their newfound affinity for the fossil fuel. Natural gas prices could triple in some parts
Over the past year, Meta has funded the construction of at least a dozen natural gas power plants, including a project that alone will burn enough natural gas to generate as much electricity as the entire state of South Dakota uses. Meta is now no longer part of RE100, a corporate renewable energy initiative, after
The U.S. leads the world in both crude oil and natural gas production, but the top exporters are already shipping near their capacities, allowing them to reap larger profits but not fill the supply gaps caused by the temporary loss of 20% of global oil and liquefied natural gas (LNG) volumes triggered by the effective
