QE was a huge gravy train for taxpayers. But then came the hangover. By Wolf Richter for WOLF STREET. The Fed released its financial report for the third quarter on Friday afternoon. The two items we pay attention […]
With winter still approaching, storage is being emptied faster than usual and gas prices have surged, raising echoes of the 2022 shock. Rapidly depleting gas reserves and looming supply cuts from Moscow have the makings […]
COP29 appeared set for a last-ditch deal as key negotiators agreed to a broad blueprint on climate finance, pulling the United Nations talks in Azerbaijan back from the brink of collapse. After a chaotic day, […]
Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal […]
While Western nations are being told to fund the global climate transition, China and other nations are only asked to contribute ‘voluntarily.’ The European Union continues to push hard for a global transition away from […]
Labour is facing fury for “destroying” British farms with its cruel tax raid while sending hundreds of millions of pounds to support foreign farmers. [emphasis, links added] An investigation found the UK’s aid budget is […]
Despite California’s sunny rhetoric about delivering lower prices, the state’s oil industry is undergoing slow-motion deconstruction. It took only a few hours after Gov. Gavin Newsom signed a regulatory bill for Phillips 66 to announce […]
Weekly Daily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and […]
By Wolf Richter for WOLF STREET. Today, the US national debt jumped by another $61 billion and thereby made it over the $36-trillion mark, to $36.03 trillion, only four months after it had made it over the $35-trillion […]
Amid renewed inflation worries and above-average economic growth. By Wolf Richter for WOLF STREET. The Dollar Index [DXY] which tracks the USD against a basket of six currencies (euro, yen, Canadian dollar, British pound, Swedish krona, and Swiss […]
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