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Home2024June

Month: June 2024

Prices
Finance

The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud

June 17, 2024 Stu Turley

Sales drop further, new listings & inventory rise. Prices: Toronto -16% from peak. Vancouver flat for 9 months, -2.5% from peak. Calgary & Quebec hit new highs. Edmonton condos back to Dec 2006! By Wolf Richter for WOLF […]

Climate Crisis

Is Net Zero Dead? – The Energy Realities Team has some International insights

June 17, 2024 Mariel Alumit

Is Net Zero Dead? – The Energy Realities Team has some International insights The Energy Realities Team of David Blackmon, Tammy Nemeth, Irina Slav and Stu Turley are having way too much fun on a […]

oil and gas
Crude Oil News

US drillers cut oil and gas rig count to lowest since January 2022 -Baker Hughes

June 17, 2024 Mariel Alumit

June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), said in its closely followed report […]

Industry
Electrical Generation / Utilities

Industry Calls on Australian Government to Back Gas Power

June 17, 2024 Mariel Alumit

Australia’s energy producers and utilities are calling on the government to support the existing natural gas-powered generation as a smooth market mechanism to move to growing shares of renewables in the electricity system. Australia has […]

Rare Earth
Critical Minerals

Rare Earth Discovery Could Topple China’s Dominance

June 17, 2024 Mariel Alumit

Amining company’s discovery of continental Europe’s largest deposit of rare earth elements (REEs) could chip away at China’s global dominance over the materials, which are used to make a range of critical technological and military […]

climate
Climate Crisis

The biggest winners of Biden’s green climate policies? Republicans.

June 17, 2024 Mariel Alumit

When President Joe Biden’s massive climate bill passed Congress in 2022, Republican Rep. Richard Hudson of North Carolina complained it was boondoggle. The Inflation Reduction Act, which contained the largest climate investment in US history, […]

Climate Damage
Climate Crisis

Russia’s War in Ukraine Has Produced $32 Billion in Climate Damage

June 17, 2024 Mariel Alumit

CLIMATEWIRE | In November 2022, the United Nations resolved that Russia should pay reparations for the losses, damages and injuries caused by its invasion of Ukraine. Now, some scientists say those payments should include compensation for […]

Tesla
AI

Tesla and Baidu Partner for Full Self-Driving Test

June 17, 2024 Mariel Alumit

Tesla is testing its Full Self-Driving system in China, ahead of a planned rollout later this year. The company has partnered with Baidu for mapping and navigation software to support FSD in China. The expansion […]

China
Crude Oil News

China Accelerates Crude Stockpiling Amid Weak Refining Output

June 17, 2024 Mariel Alumit

China accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this […]

Peru LNG
LNG

Peru LNG boosts truck loading capacity

June 17, 2024 Stu Turley

LNG terminal operator Peru LNG has increased the truck loading capacity at its 4.4 mtpa liquefaction and export plant at Pampa Melchorita. Peru LNG said in a statement issued on Thursday it has launched the […]

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