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Home2023March

Month: March 2023

Extinction
Bankruptcy

VC Funds See “Mass Extinction Event” For Startups In 2023: “It Will Make The Financial Crisis Look Quaint”

March 8, 2023 Mariel Alumit

Leading venture capital players are predicting a “mass extinction event” for early- and mid-stage startups that will make the global fiscal collapse in 2008 “look quaint” by comparison. According to Globest, a new survey has […]

Liquefied
EIA News

Liquefied natural gas will continue to lead growth in U.S. natural gas exports

March 8, 2023 Mariel Alumit

March 8, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) Note: LNG=liquefied natural gas Exports of liquefied natural gas (LNG) will continue to drive growth in U.S. natural gas exports over the […]

Commodities

Commodity Traders Gross Record $115 Billion In 2022 Profit Margin

March 8, 2023 Mariel Alumit

Yesterday we reported that for the first time ever, US drillers spent more on share buybacks and dividends – some $128 billion – than on capital projects (understandably so, courtesy of a clueless administration which […]

Rare Earth Minerals

Scientists synthesize rare earth element key for biomedical research

March 8, 2023 Mariel Alumit

​ Geoscientists at Trinity College Dublin have developed a cheap and environmentally friendly method for the synthesis of cerium, a rare earth mineral that holds promise for the treatment of diseases associated with inflammation, including […]

Price
Electric Vehicles

As Tesla Stock Retreats After Strong Run, Analyst Downgrades EV Giant

March 8, 2023 Mariel Alumit

With Tesla (TSLA) stock slipping after the massive run that began the year, TSLA shares received a downgrade Wednesday. The EV giant also faces an investigation into possible steering wheel problems. The National Highway Traffic […]

Price
Investments

Dow Jones Futures Rise After Jobs Data; Powell Comments Next; Tesla Drops On Steering Wheel Investigation

March 8, 2023 Mariel Alumit

Dow Jones futures turned higher Wednesday morning after stronger-than-expected jobs data, and ahead of more testimony from Federal Reserve Chair Jerome Powell. Tesla (TSLA) stock dropped 1.5% on an investigation into detached steering wheels, threatening […]

EOG Resources
Earnings

Despite Gas Price Slump, EOG Full Steam Ahead in Emerging Plays

March 8, 2023 Mariel Alumit

EOG Resources Inc.’s drilling plans — particularly in emerging plays in South Texas and the Utica Shale — are not being significantly impacted by the recent slump in natural gas prices, the company recently told […]

Commodities

The EU Moves Toward Forming A Natural Gas Buyers’ Cartel

March 8, 2023 Mariel Alumit

Authored by Irina Slav via OilPrice.com, The European Union will make its first move as a buyers’ group on the international gas market next month as it launches the first tender for suppliers.   The […]

energy
Energy Storage

Fire safety is crucial to the growth of energy storage in 2023

March 8, 2023 Mariel Alumit

Energy storage’s incredible versatility and usefulness to the US electric grid, and to the global energy transition, can’t be fully unleashed unless the industry and its stakeholders take a comprehensive approach to fire safety, write […]

Fed
Finance

Inflationary Gaslighting – Fed Chair Says Interest Rates likely to be higher than previously expected

March 8, 2023 Mariel Alumit

Federal Reserve Chairman Jerome Powell delivers testimony today before the Senate Banking and Finance Committee.  During his statements Powell says, “The latest economic data have come in stronger than expected, which suggests that the ultimate […]

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