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Jordan Blum

Jordan Blum

Fortune

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Prices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins

The average gasoline price could surge above $5 by the end of the summer if the war continues unabated.

previous day 4

Fortune

Jordan Blum

High gas prices are just the beginning: How the Iran war is changing the global energy map

The largest global energy-supply shock in history is causing chaos around the world. Here are the winners and losers.

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Fortune

Jordan Blum

NextEra’s $67 billion Dominion takeover creates the world’s largest utility—just in time to win the AI data-center power surge

NextEra's move to buy Dominion is a big bet on scale and affordability to win over AI data center developers.

18.05.2026 5

Fortune

Jordan Blum

New NRG Energy CEO leans into growth with ‘bring your own power’ for the AI boom and affordability with ‘virtual power plants’

Robert Gaudette takes over ready to tackle the power constraints of AI and the affordability concerns of residents.

17.05.2026 20

Fortune

Jordan Blum

Fervo becomes clean energy’s biggest-ever IPO with $10B valuation—powered by the earth’s heat and AI’s hunger

Fervo is building its first commercial power plant project in Utah with goals to scale nationwide with the data center construction wave.

14.05.2026 20

Fortune

Jordan Blum

Frankenpipelines: Inside Trump’s bid to resurrect Keystone XL and stretch Dakota Access north

A patchwork of smaller, connected projects using existing pipe aims to resurrect Keystone XL and extend the Dakota Access Pipeline to Canada.

13.05.2026 10

Fortune

Jordan Blum

Oil developer Sentinel just got the U.S. and Japan to fund a deepwater terminal near Texas—but it won’t put a dent in spiraling prices until 2028

Sentinel Midstream's Texas GulfLink project will be built 30 miles offshore courtesy of an investment vehicle funded largely by Japan and the Trump...

08.05.2026 10

Fortune

Jordan Blum

Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly

Europe, Asia, and Africa all face potentially dire jet fuel shortages. "There is little doubt there is going to be a disaster,” says one economist.

06.05.2026 10

Fortune

Jordan Blum

Top U.S. oil producer declares ‘green’ light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

04.05.2026 5

Fortune

Jordan Blum

Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery

Enbridge is feeding the growth of U.S. power demand and rising foreign reliance on North American oil and gas.

04.05.2026 20

Fortune

Jordan Blum

The Iran war has turned the world’s shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and...

02.05.2026 87500

Fortune

Jordan Blum

Exxon Mobil CEO sees ‘more to come’ on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

01.05.2026 10

Fortune

Jordan Blum

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as the U.S. shale basins mature.

27.04.2026 5

Fortune

Jordan Blum

Utility giant Duke Energy plans to spend industry record $103 billion on growth as data centers and affordability take center stage

Amazon, Microsoft, Google, and Meta are all expanding in the Duke service footprint.

25.04.2026 20

Fortune

Jordan Blum

California’s oil and jet fuel supply is getting slammed by a perfect storm of unfortunate timing—and help is years away

California's refinery closures near Los Angeles and San Francisco are occurring just as the Iran war limits global supplies.

24.04.2026 20

Fortune

Jordan Blum

Feud between AI power startup Fermi and its fired CEO and top shareholder heats up over proposed sale

The former CEO wants to sell the company to make money for shareholders rather than see Fermi's plans to fruition.

21.04.2026 10

Fortune

Jordan Blum

Halliburton CEO: U.S. oil is in the ‘early innings’ of a rebound—and a drilling ramp-up is coming

The smaller U.S. producers are the first movers bringing new oil wells online.

21.04.2026 10

Fortune

Jordan Blum

Struggling AI power startup Fermi loses its CEO and CFO for ‘2.0’ reset

Fermi touts "acceleration in customer conversations" since the leadership changes.

20.04.2026 10

Fortune

Jordan Blum

Iran and White House say the Strait of Hormuz is ‘completely open.’ But it definitely isn’t—at least for now

Iran remains unwilling to give up its control over the Strait of Hormuz for now.

17.04.2026 10

Fortune

Jordan Blum

Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

The U.S. blockade is working, but a potential global recession still looms.

16.04.2026 20

Fortune

Jordan Blum

U.S. utilities are planning a $1.4 trillion spending spree, up 30%, over the next five years amid the AI construction boom

Capital spending plans and consumer rate hikes are rising in tandem even though they aren't directly linked.

14.04.2026 10

Fortune

Jordan Blum

With the U.S. now blockading the Strait of Hormuz, the focus is on who has ‘the guts to go through first’

A coalition of U.S. allies is now working on a plan to safely secure the Strait of Hormuz.

13.04.2026 10

Fortune

Jordan Blum

Former ‘Citgo 6’ political prisoner sees ‘karma’ in Maduro ouster, but Venezuelan oil won’t rebound until there’s true regime change

Former 'Citgo Six' captive sees democratic elections as the only way to build international business trust in Venezuela again.

12.04.2026 30

Fortune

Jordan Blum

Data centers and gas demand make boring pipelines great again

Williams is the "poster child" for gas pipeline and power growth amid the new construction boom.

11.04.2026 8

Fortune

Jordan Blum

The Iran war is either concluding with the world worse off, or escalation is just delayed again

Iran aims to control the Strait of Hormuz chokepoint for the foreseeable future with or without a ceasefire, experts said.

08.04.2026 7

Fortune

Jordan Blum

Iran’s military may be decimated, but it’s winning the energy war as it controls who gets cargoes through the Strait of Hormuz

The war of attrition in Iran could lead to an Iranian "major victory" if the U.S. withdraws without controlling commerce.

04.04.2026 30

Fortune

Jordan Blum

Microsoft and Chevron enter exclusivity deal on powering West Texas AI data center complex

The colocated data center and power plant campus would start with 2.5 gigawatts of power and the potential to double that size.

01.04.2026 10

Fortune

Jordan Blum

Trump has a labyrinth of bad options in the Strait of Hormuz. Here’s why some warn that walking away could transcend ‘our defeat in Vietnam’

Ceding control of the Strait of Hormuz would represent a U.S. defeat worse than Vietnam, critics said.

31.03.2026 10

Fortune

Jordan Blum

Former BP CEO takes over Wyoming data center developer, as first woman leader of Big Oil giant becomes new BP chief

The former BP chief is entering the AI age with American data center projects.

31.03.2026 10

Fortune

Jordan Blum

Emerald AI raises $25 million from Nvidia and others to build a fast pass for data centers connecting to the grid

Emerald AI touts new fundraising success and partnerships with utilities and power generators.

31.03.2026 9

Fortune

Jordan Blum

Energy ‘vulnerable’ India seeks U.S. help to produce more oil and wean itself off Russia, Middle East reliance amid geopolitical turmoil

Cairn Oil & Gas aims to rapidly grow as India's top private energy producer.

31.03.2026 20

Fortune

Jordan Blum

Hyperscalers often lack the ‘aptitude’ on power as the political push picks up to expedite grid connections and pipelines

A bevy of efforts in the federal bureaucracy and Congress are underway to expedite power generation, pipelines, transmission, and grid...

30.03.2026 10

Fortune

Jordan Blum

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

28.03.2026 40

Fortune

Jordan Blum

Meta orders 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana—more than triple the initial plan

The Meta AI complex represents an over 30% increase to Louisiana’s total power grid capacity.

27.03.2026 10

Fortune

Jordan Blum

Dow CEO warns petrochemical shortage from Iran war could fuel inflation for rest of the year

Dow chairman and CEO Jim Fitterling estimates unwinding the shortages could take up to 275 days.

27.03.2026 20

Fortune

Jordan Blum

U.S. natural gas exporters literally answer Asia’s calls for ‘help’ from the Iran war, but aid can’t come overnight

Global natural gas shortfalls from Qatari facility damages may last years, but a massive wave of U.S. export growth is underway.

25.03.2026 7

Fortune

Jordan Blum

Trump despises wind farms so much he’s paying a French energy giant $1 billion to stop building them and invest in natural gas instead

Speaking at the CERAWeek by S&P Global event in Houston, TotalEnergies chairman and CEO Patrick Pouyanné said he is opting “not to litigate, but to...

23.03.2026 10

Fortune

Jordan Blum

Chevron’s CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not ‘fully priced in’

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

23.03.2026 10

Fortune

Jordan Blum

Three weeks into the Iran war that’s requested $200 billion, here’s what success for Trump might look like

The top priority remains reopening the Strait of Hormuz after the military offensive achieves enough success to weaken Iranian capabilities.

21.03.2026 30

Fortune

Jordan Blum

Venezuela has the world’s largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

Venezuelan oil is a 'drop in the bucket' of the global supply shortage triggered by the Iran war.

17.03.2026 10

Fortune

Jordan Blum

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

14.03.2026 20

Fortune

Jordan Blum

Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price

The U.S. aims to fill gaps in global oil and gas demand from the Iran war, but big worldwide shortfalls mean big profits.

12.03.2026 20

Fortune

Jordan Blum

Oil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

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Fortune

Jordan Blum

Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again

Solving the insurance and security issues is massive so long as Iran can still strike tankers.

05.03.2026 20

Fortune

Jordan Blum

U.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices

Energy prices continue to spike, but a worst-case scenario has yet to unfold.

03.03.2026 10

Fortune

Jordan Blum

Energy markets offer ‘relatively small reaction’ to Iran war, but prices would spike if oil and gas aren’t flowing by the end of the week

Crude prices jumped 6% March 2, but they've risen 25% since the beginning of the year as Iranian tensions escalated.

03.03.2026 20

Fortune

Jordan Blum

Your utility bills keep going up. Here’s everyone you can blame—AI data centers included

Utilities announce hundreds of billions in spending as data centers boom and ratepayers' costs rise.

01.03.2026 50

Fortune

Jordan Blum

Google is building a bevy of renewable energy in Minnesota—including the world’s largest battery system providing power for a whopping 100 hours

Form Energy is nearly ready to go public and scale up with its 100-hour battery storage systems.

28.02.2026 20

Fortune

Jordan Blum

Trump loves cheap gas—but a military conflict in Iran could nearly double your price at the pump

As Trump builds the biggest military force since 2003 outside Iran, the U.S. impacts could swing from $2.50 to $5 gasoline.

21.02.2026 60

Fortune

Jordan Blum

Cuba is quickly nearing a point of no return as the U.S. weaponizes its Venezuelan oil supplies

A U.S. resolution in Cuba may not require full regime change, as the Cuban leadership rapidly runs out of options.

20.02.2026 100

Fortune

Jordan Blum