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Home2024January

Month: January 2024

Finance

US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace

January 27, 2024 Stu Turley

The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted […]

Trafigura
Crude Oil News

Trafigura assesses Red Sea risks after tanker attacked by Houthis

January 27, 2024 Stu Turley

DUBAI, Jan 27 (Reuters) – Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi […]

Canada
Electric Vehicles

Jack Mintz: Canada’s EV strategy has cost $4 million a job

January 27, 2024 Stu Turley

ENB Pub Note: Hat tip to Tammy Nemeth with the Energy Realities podcast for the lead on the story. This is indicative on the collapse of the EV markets. Toyota and Ford will be the […]

Big Oil Companies

Daily Energy Standup Episode #295 Weekly Recap: 2023’s Renewable Challenges, Hydrogen on the Horizon, and Unraveling Davos

January 27, 2024 Andy Del Prado

Daily Standup Weekly Top Stories 2023 – The Year The Renewables Bubble Burst January 20, 2024 Stu Turley In 2023. clean energy witnessed one of the toughest years in its short history. Supply chain issues, the […]

EU countries
Electrical Generation / Utilities

Britain steps up power purchases from EU countries – report

January 27, 2024 Mariel Alumit

  Shortages have arisen as output of renewable energy has failed to compensate for the closures of coal and nuclear plants The UK purchased a record £3.5 billion ($4.4 billion) worth of electricity from EU […]

euro
Finance

Seizing Russia’s money would endanger euro – Italian central bank

January 27, 2024 Stu Turley

Tapping Russian assets frozen in the EU will bring harm to the single currency, the head of the Bank of Italy has warned Using the euro as a tool in sanctions wars and political disputes […]

charter
LNG

EPS orders two more LNG-powered PCTCs in China

January 27, 2024 Mariel Alumit

Singapore’s Eastern Pacific Shipping has ordered two more LNG-powered pure car and truck carriers from China Merchants Jinling Shipyard in Nanjing. CMJL (Nanjing) revealed the new order for two 7,000-ceu LNG dual-fuel PCTCs in a […]

New LNG Facilities
Energy Crisis

Biden Is on the Warpath Against New LNG Facilities – A global geopolitical disaster in the making

January 27, 2024 Mariel Alumit

IER Key Takeaways 1: The Department of Energy, which is responsible for issuing the export permits, is reassessing whether it is properly accounting for the climate impacts from proposed projects, as well as the national […]

tanker
Diesel

Fuel tanker costs surge on Red Sea crisis – Bloomberg

January 27, 2024 Mariel Alumit

  Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day […]

PPI
Geopolitical

Red Sea crisis could re-ignite inflation

January 27, 2024 Mariel Alumit

Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to […]

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