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Home2023May

Month: May 2023

Supreme
CCUS

US Supreme Court rulings darken forecast for EPA powers

May 31, 2023 Mariel Alumit

May 31 (Reuters) – In a span of 11 months, the U.S. Supreme Court has delivered a one-two punch against the Environmental Protection Agency’s ability to combat air and water pollution in twin rulings that […]

energy
Energy Policy

Clean energy dodges a bullet in the Texas legislature

May 31, 2023 Mariel Alumit

The best thing that Doug Lewin, president of Texas-based energy consultancy Stoic Energy, can say about the just-concluded Texas legislative session is that it could have been much, much worse. Lawmakers failed to pass bills that […]

Russia
Downstream

Drones Target Southern Russia Oil Refineries

May 31, 2023 Mariel Alumit

A fire erupted at an oil refinery in southern Russia’s Krasnodar region on Wednesday after a likely drone attack, its governor said as local officials reported a downed drone near another refinery. Governor Venyamin Kondratyev wrote on […]

Price
Earnings

‘Best-In-Class’ EV Charging Stock ChargePoint Has Earnings Due

May 31, 2023 Mariel Alumit

ChargePoint (CHPT) earned an upgrade Tuesday as a “best-in-class way” to play the EV charging space. CHPT stock eased Wednesday after rocketing the prior session, with ChargePoint earnings due late Thursday. “The reason for our […]

Bankruptcy

How does US debt rank compared with the rest of the world?

May 31, 2023 Mariel Alumit

Global debt currently stands at $305 trillion, $45 trillion higher than before the COVID-19 pandemic, according to the Institute of International Finance (IIF) – a global association of the financial industry. Global debt is the […]

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], […]

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