October 4, 2023 — Welcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, we look at the obstacles to growth in the US offshore wind industry. And in oil, Saudi Arabia and Russia are sticking with supply curbs to the end of the year. To get this newsletter sent straight to your inbox, you can sign up here.
“We are all in this perfect storm.”
That’s the assessment of the US offshore wind industry from Equinor ASA’s sector head, Molly Morris. And she’s not alone.
At the American Clean Power Association’s conference in Boston this week, Ocean Winds North America’s US chief, Michael Brown, used the same well-worn metaphor, while Orsted A/S North America boss David Hardy bemoaned a “storm of inflation.”