Long-term winners as AI boosts U.S. power needs, according to Mizuho

Long-term winners as AI boosts U.S. power needs, according to Mizuho

A large array of solar panels along Highway 41 are located in close proximity to the growing Tulare Lake, a once great body of water in the southern Central Valley, now beginning to fill again due to the recent series of major rain and snow storms in the Sierra Nevada, is viewed on April 13, … Read more

U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says

U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says

Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024.  F. Carter Smith | Bloomberg | Getty Images The U.S. will fall behind in the artificial intelligence race if it does not embrace natural gas to help meet surging … Read more

Chevron CEO says natural gas demand will outpace expectations

Chevron CEO says natural gas demand will outpace expectations

Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. “It’s a little hard to quantify right now because this is evolving so quickly on the AI side,” Wirth told CNBC’s Sara Eisen at the Milken Institute’s Global Conference in … Read more

AI could drive natural gas boom as utilities face surging electric demand

AI could drive natural gas boom as utilities face surging electric demand

A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022.  Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle … Read more

Keep an eye on banks’ earnings reports

Keep an eye on banks’ earnings reports

CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention when several major financial institutions report earnings. Friday’s earnings season kicked off with Bank of America, JPMorgan Chase, and Wells Fargo failing to impress Wall Street, which disappointed Cramer. The Dow Jones Industrial Average slipped 0.31%. Cramer wondered … Read more