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Home2023May

Month: May 2023

Finance

Total Farce: Real Spending Under Debt Ceiling Deal Actually Goes Up Next Year

May 30, 2023 Mariel Alumit

Late last week, we were the first to correctly summarize what the bottom line of the so-called “debt ceiling deal” meant for the US, for future generations of Americans, and for the ridiculous melodrama gripping […]

Bankruptcy

More Than 50,000 US Stores Will Close By 2027 According To UBS

May 30, 2023 Mariel Alumit

Over 2,000 stores across all retail sectors have closed in the past 12 months according to a recent report from UBS retail analyst Michael Lasser (available to pro subs in the usual place), and that […]

ENB Daily Standup

Daily Energy Standup Episode #133 The Great Energy Shift: Unveiling the Biden Administration’s Physics Puzzle, UAE’s Golden Escape, and Natural Gas as a Transformative Force

May 30, 2023 Andy Del Prado

Daily Standup Top Stories As Utilities Switch From Coal To Natural Gas, Biden Administration … does not understand physics, permitting reform, or planning. May 29, 2023 Allen Santos ENB Pub Note: Cowboy State Daily is one […]

Exploration and Production

Wildfire forces thousands of people to evacuate in eastern Canada

May 29, 2023 Mariel Alumit

The capital of Canada’s eastern province of Nova Scotia has declared a state of emergency as an out-of-control wildfire raging near Halifax forced thousands of residents to evacuate and prompted the closure of schools. The […]

Big Oil Companies

TotalEnergies renews production license offshore Nigeria

May 29, 2023 Mariel Alumit

TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]

Aljazeera International

Ukraine’s parliament approves sanctions against Russia ally Iran

May 29, 2023 Mariel Alumit

NewsRussia-Ukraine war The Ukrainian parliament has approved a sanctions package against Iran, a Russian ally it accuses of sending weapons to Moscow during its more than year-long invasion of Ukraine. The measures were approved on […]

Finance

US debt ceiling deal: What’s in, what’s out of the bill

May 29, 2023 Mariel Alumit

The debt-ceiling deal between President Joe Biden and House Speaker Kevin McCarthy would suspend the United States’ debt limit through 2025 to avoid a federal default while limiting government spending, but its details are unlikely […]

Crude Oil News

U.S. Crude Oil And Refined Products Exports Are Driven By Production Growth

May 29, 2023 Mariel Alumit

Consider this fact: Three of every five barrels of crude oil produced in the U.S. are exported, either as crude oil or in the form of gasoline, diesel, jet fuel or other petroleum products. Sure, […]

Climate Crisis

The EU has approved a €1.5 billion scheme to buy out Dutch farmers and reduce nitrogen emissions.

May 29, 2023 Mariel Alumit

The EU has approved plans for the Dutch government to buy out farmers. The scheme is part of the Netherlands’ plan to drastically slash nitrogen emissions, a major source of which is livestock farms. Farmers […]

Climate Crisis

EU countries seek to weaken livestock emission limits – Comming to the U.S. – Buckle Up

May 29, 2023 Mariel Alumit

European Union countries agreed on Thursday to try to reduce the number of farms covered by proposed rules to cut pollution and greenhouse gas emissions from livestock, despite criticism from some member states. Livestock emissions […]

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