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Showing posts from January, 2026

How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains

By Stanley Reed , The New York Times.  Excerpt: More than two miles below the windswept steppe of western Kazakhstan, porous rocks composed of the skeletons of coral and other ancient marine life form the matrix for one of the world’s most prolific oil fields. Tengiz, as the field is known, has been producing oil for more than three decades, helping to nurture Kazakhstan, Central Asia’s largest economy. The oil field has also contributed handsomely to the earnings of Chevron, the American oil giant, which owns 50 percent of the company that operates Tengiz, known as Tengizchevroil, or TCO. The participation of Chevron and Exxon Mobil in TCO and other projects in Kazakhstan also provides the country, which shares a 4,750-mile border with Russia, with an important tie to the United States. ...Recently, Ukraine has attacked the main oil export route from Kazakhstan through Russia, a 940-mile pipeline that includes flows from the Tengiz field, as part of an effort to crimp Moscow’s ear...

China’s BYD Surpasses Tesla as World Leader in Electric Car Sales

By Jack Ewing , The New York Times.  Excerpt: Tesla has lost its status as the world’s biggest seller of electric vehicles after Congress and President Trump eliminated the federal tax credits that had encouraged Americans to buy those cars. The company’s car sales declined 16 percent in the last three months of 2025, Tesla said on Friday. And its sales for the full year declined 9 percent even as other automakers notched gains. In 2025, for the first year ever, the company sold fewer electric cars than China’s leading automaker, BYD....  Full article at https://www.nytimes.com/2026/01/02/business/tesla-electric-vehicles-fourth-quarter-sales.html . 

Offshore Wind Projects Challenge Trump Administration’s Order to Stop Work

By Lisa Friedman , The New York Times.  Excerpt: Developers of five offshore wind farms that were ordered last week by the Trump administration to halt construction are suing to restart work on at least three of the projects. The Interior Department on Dec. 22 ordered companies to halt work on five wind farms in various stages of construction along the East Coast. They were: Sunrise Wind and Empire Wind, both off the coast of New York; Revolution Wind off Rhode Island and Connecticut; Vineyard Wind 1 off the coast of Massachusetts; and Coastal Virginia Offshore Wind off Virginia. The administration cited unspecified national security concerns about the projects. On Thursday, Orsted, the Danish energy giant that is building Revolution Wind, filed a lawsuit in the U.S. District Court for the District of Columbia. On Friday Equinor, the developer of Empire Wind, did the same....  Full article at https://www.nytimes.com/2026/01/02/climate/trump-offshore-wind-lawsuit-national-secur...