A massive corporate rethink is underway. Inflation in construction costs explains only a small portion of the spending boom. By Wolf Richter for WOLF STREET. Companies plowed $18.4 billion in April into the construction of manufacturing plants in […]
California is obsessed with the concept that JUST electricity from wind turbines and solar panels can replace fossil fuels. The state’s policymakers are oblivious to the reality that wind and solar can ONLY generate “electricity” […]
If our nation suffers another terrorist attack, it will be hard to argue that the signs weren’t there for us to see. The federal government has expressed growing concern that AI will empower attacks on our water, […]
Crude oil prices (CL=F, BZ=F) are falling after OPEC+ announced it will extend its oil production cuts into 2025. Traders widely expected this move, but some of those production cuts will begin to be phased out […]
NEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […]
On Saturday, Yemen’s Houthi rebels claimed that their forces carried out six attacks on shipping in the Red Sea and Gulf of Aden, including an attempted strike on the carrier USS Dwight D. Eisenhower and another on […]
Numerous Southwest Airlines flights were delayed as the company reported a power outage hit its data centers in the Dallas area on Wednesday. Why it matters: While a Southwest Airlines spokesperson said it had “resolved a brief technology […]
The European Union is gearing up to put the finishing touches on its 14th sanctions package on Russian energy this month, with sanctions targets to include shipments of Russian LNG, the European energy commissioner has […]
North America added eight rigs week on week, according to Baker Hughes’ latest rig count, which was released on May 31. While the U.S. rig count stayed flat, Canada added eight rigs week on week, […]
AL-MUKALLA: The US military said Yemen’s Houthi militia has fired a new wave of drones and missiles into international shipping lanes off Yemen, including two missiles aimed at a US warship in the Red Sea. […]
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