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Home2022November

Month: November 2022

Coal

Australia Bidding to Host the COP31 Climate Conference in 2026

November 5, 2022 Mariel Alumit

​ Essay by Eric Worrall Kiss goodbye to the Aussie coal industry? Are Australia’s climate fanatic politicians planning to sell out Australia’s fossil fuel industry, to secure support for hosting the COP31 climate conference in […]

Off Shore Wind Farm -Boston
Industry Insights

Massachusetts’ 1,200 MW Offshore Wind Project ‘no longer viable’ (rough waters ahead?)

November 5, 2022 Mariel Alumit

​ From MasterResource By Robert Bradley Jr. — November 2, 2022 “… global commodity price increases … sharp and sudden increases in interest rates, prolonged supply chain constraints, and persistent inflation have significantly increased the […]

Price
Aljazeera International

US job growth strong in October, but cracks emerging

November 4, 2022 Mariel Alumit

US job growth increased more than expected in October, but the pace is slowing and the unemployment rate rose to 3.7 percent, suggesting some loosening in labour market conditions, which would allow the Federal Reserve […]

Hummer EV
Electric Vehicles

GMC Hummer EVs “Sold Out For Two Years,” Selling At Auction For Double List Price

November 4, 2022 Mariel Alumit

The revival of the Hummer brand as GMC’s high-end EV has been a smashing hit. Demand is so high that pickup and SUV models are “sold out for two years or more,” according to the […]

Political

Something Has Snapped: Unexplained 2.3 Million Jobs Gap Emerges In Broken Payrolls Report – Did the EIA do the same to Oil and Gasoline?

November 4, 2022 Mariel Alumit

A simplistic, superficial take of today’s jobs report would conclude that the red hot jump in nonfarm payrolls indicates a “strong hiring market” (just ignore the jump in the unemployment rate). Nothing could be further […]

Zero Edge

Powell, Payrolls, & Positioning Spark Chaotic Week Across Markets

November 4, 2022

Chatter about China easing its Zero-COVID strategy sparked some joy overnight (in crude prices), but the labor market report was a smorgasbord of confusion for algos (keying off the ‘beat’ on the payrolls print and […]

Electrical Generation / Utilities

Australian Government to Ban All Future Fossil Fuel Projects?

November 4, 2022 Mariel Alumit

​ Essay by Eric Worrall As ordinary Australians reel from skyrocketing energy prices, and our electricity network hovers on the brink of collapse, the Australian Government is moving to block future coal and gas projects. […]

US Debt-Servicing Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck
Finance

US Debt-Servicing Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck

November 4, 2022 Mariel Alumit

By Howard Wang of Convoy Investments Jerome Powell has been talking tough on inflation and clearly wants to leave a Volcker-like legacy. But the US is far different today than it was in the 80s. […]

Finance

Energy Is Still A Bargain Even After 65% Rally

November 4, 2022 Mariel Alumit

By Tatiana Darie, Bloomberg Markets Live reporter and analyst As stock-picking gains importance in a tough macro environment for markets, energy stands out as the S&P 500 Index’s cheapest sector, despite its massive rally this […]

Russian oil
Crude Oil News

G7 Russian oil price cap applies only to seaborne crude -official

November 4, 2022 Mariel Alumit

WASHINGTON, Nov 4 (Reuters) – The price cap on Russian oil exports to be imposed by G7 countries and Australia next month will apply only to seaborne cargoes through the first landed sale and will […]

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