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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

EnergyNews

Commentary: New York’s race to clean its grid starts at the home

May 31, 2023 Mariel Alumit

​ The following commentary was written by Karl R. Rábago. Rábago provides consulting advice on clean energy issues across the U.S. from his home in Denver, Colorado. For more than five years, he led the […]

Price
EIA News

U.S. residential electricity bills increased 5% in 2022, after adjusting for inflation

May 31, 2023 Mariel Alumit

May 31, 2023 Data source: U.S. Energy Information Administration, Monthly Electric Power Industry Report and Annual Electric Power Industry Report Note: Real prices are adjusted for inflation. In nominal terms, the average monthly electricity bill […]

Finance

Goldman Sachs Prepares For Third Round Of Layoffs As M&A Activity Slumps

May 31, 2023 Mariel Alumit

As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve’s ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, […]

Finance

Central Banks Are Buying Gold At Record Pace, What Does That Mean For Inflation?

May 31, 2023 Mariel Alumit

Authored by Mike Shedlock via MishTalk.com, A reader wanted to know if central bank buying gold at a record pace adds to inflation. Let’s crunch the numbers then look at the true meaning of the […]

Price
Investments

Tech Roars Back As MSFT, ASML, AMAT, ORCL Lead Industry Charge

May 31, 2023 Mariel Alumit

Stock market history shows that the best stocks to buy and watch often hail from the top-ranked industry groups. As last year’s bear market ravaged the tech sector, bellwether names like Microsoft (MSFT), Adobe[ticker symb=ADBE], […]

Coal

Dominion to deactivate last 2 coal units in Chesterfield

May 31, 2023 Mariel Alumit

Dominion Energy on Wednesday will deactivate its two remaining coal units at its Chesterfield Power Station. The units, which have been in operation for more than 50 years, sit on the banks of the James […]

Finance

Faced With New Round Of Demonetization Indians Turn To Gold

May 31, 2023 Mariel Alumit

Authored by Michael Maharrey via SchiffGold.com, The Indian central bank has announced another round of demonetization with a plan to withdraw 2,000-rupee notes from circulation.   The announcement led to a big jump in gold […]

California
Critical Minerals

Could the rush for lithium near California’s Salton Sea trigger earthquakes?

May 31, 2023 Mariel Alumit

Just after midnight on April 30, residents near the Salton Sea in Southern California were jolted awake by a magnitude 4.3 earthquake. Dozens of people told the U.S. Geological Survey that they felt the shaking, […]

Newsom
Energy Policy

Democrats sideline Newsom’s plan to reform CEQA

May 31, 2023 Mariel Alumit

Dealing a blow to Gov. Gavin Newsom, Democratic legislators today shot down his ambitious attempt to reform state environmental law and make it easier to build big infrastructure projects in California. In a 3-0 vote, […]

US
Downstream

Clean tanker demand drop weighs on US Gulf rates

May 31, 2023 Mariel Alumit

New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]

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