What a bummer. Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled. By Wolf Richter for WOLF STREET. US service sector activity, driven by new […]
Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE’s statements create a misleading impression by including barrels not yet delivered and canceled sales in their replenishment figures. The […]
HOUSTON, Aug 5 (Reuters) – Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran’s retaliation for the assassination of a Hamas […]
A school district in Maryland is finding out just how costly virtue signaling can wind up being. Maryland’s largest school district in Montgomery County found out via an Inspector General’s report that implementing electric busses “led […]
NorthWestern Energy announced this week it plans to acquire more shares of the coal-fired plant at Colstrip — at no cost. The utility said the acquisition will help leverage existing and reliable infrastructure, and its announcement came […]
U.S. oil production dipped by 61,000 barrels daily in May, the EIA reported this week, confirming what many already expected: continued stringent discipline among drillers. But those expectations may have been misleading because now some producers are […]
Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send oil prices soaring. The World Bank has already outlined just how high oil prices could go if Iran and […]
Norway’s pipeline gas exports to landed markets in Northwest Europe remained robust in July, with only limited maintenance work taking place during the month, an analysis of S&P Global Commodity Insights data showed Aug. 5. […]
Deindustrialization has consequences There are serious ramifications for energy and climate policies. We are seeing the deindustrialization of Germany, California, New York, and other countries due to their climate and energy policies. You won’t want […]
ENB Pub Note: I highly recommend following Doomberg on his Substack. I have really enjoyed my interviews with him and his subscription is worth the money. “There is no such thing as accident; it […]
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