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Home2023December

Month: December 2023

Price
Finance

Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price

December 28, 2023 Stu Turley

A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary. By Wolf Richter for WOLF STREET. The dream is, or was, that mortgage rates dropped […]

Price
Finance

ECB Balance Sheet QT: -€1.94 Trillion from Peak, down to €6.9 Trillion. Shed 47% of Pandemic QE Assets

December 28, 2023 Stu Turley

Quantitative tightening powers along in the euro area. By Wolf Richter for WOLF STREET. Under the ECB’s QT program, kicked off in October 2022, total assets have plunged by €1.94 trillion, or by 21.9%, to €6.90 trillion, the […]

Wind
Energy Policy

Associated Press Got It Wrong: Wind Farm Contractors Acknowledge Turbines Kill Dolphins, Whales

December 28, 2023 Mariel Alumit

When wind turbine companies seek permission to harm sea life, reporters for The Associated Press blame The Heritage Foundation (where I work) and the Heartland Institute, instead of reporting the facts. It was a Chico Marx moment: “Who ya gonna […]

US
Energy Policy

‘Sitting on a powder keg’: US braces for a year, and an election, like no other

December 28, 2023 Mariel Alumit

The 60th US presidential election, which will unfold in 2024, will be quite unlike any that has gone before as the US, and the rest of the world, braces for a contest amid fears of […]

Seattle
Energy Policy

A court struck down local gas bans — so Seattle and other cities are getting creative

December 28, 2023 Mariel Alumit

A new law in Seattle marks the latest in a wave of local efforts to electrify homes and other buildings. Under the city’s Building Emissions Performance Standard, signed into law last week, all existing commercial and multifamily residential […]

Global
Crude Oil News

India’s Russian Oil Imports Helped Prevent A Global Polycrisis

December 28, 2023 Mariel Alumit

Many Global South states were already struggling to deal with COVID-connected debt problems prior to the West’s anti-Russian sanctions worsening their food insecurity, so an energy price crisis on top of that could have pushed […]

Finance

Visualized: Inside a Lithium-Ion Battery

December 28, 2023 Stu Turley

The following content is sponsored by the EnergyX What’s Inside a Lithium-Ion Battery? Winning the Nobel Prize for Chemistry in 2019, the lithium-ion battery has become ubiquitous and today powers nearly everything, from smartphones to […]

Exports

Update: Cheniere says it is not reducing Sabine Pass LNG expansion plans

December 28, 2023 Stu Turley

US LNG exporting giant Cheniere now plans to build two instead of three liquefaction trains as part of the Sabine Pass expansion project in Louisiana. Cheniere said the company is not reducing its growth ambition […]

Energy Tech

Novatek develops ammonia production tech

December 28, 2023 Stu Turley

Russian LNG exporter Novatek was granted Russian patents for a large-scale ammonia process and a large-scale pure hydrogen process based on ammonia cracking. The low-carbon ammonia process, which Novatek developed in cooperation with Russian design […]

International News

Eni’s Congo FLNG gets first gas supplies

December 28, 2023 Stu Turley

Italy’s Eni has introduced the first gas into its Tango floating LNG (FLNG) facility moored in Congolese waters. Eni said in a statement on Thursday that gas introduction had been achieved in record time– only […]

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