Office-to-residential conversions are growing, but are minuscule because not many towers are suitable for conversion. By Wolf Richter for WOLF STREET. The delinquency rate of office mortgages that have been securitized into commercial mortgage-backed securities (CMBS) spiked by […]
Texas oil town Odessa and Denver joined the top 10 US metropolitan areas with the highest weekly wages over the past year. San Jose, San Francisco and Midland, Texas, — Odessa’s bigger sister in the Permian […]
U.S. liquefied natural gas (LNG) plants are running near full throttle, with demand from export facilities hitting 14.6 billion cubic feet (bcf) on Friday. That’s just shy of the all-time record of 14.7 bcf set […]
China and Iran have devised a complex system of ship-to-ship transfers in the South China Sea to bypass US sanctions on Iranian oil. This clandestine trade network allows China to continue importing significant amounts of […]
Weekly Daily Standup Top Stories Half of U.S. at risk for blackouts during extreme cold this winter, grid watchdog warns November 24, 2024 Clark Savage A new report by the North American Electric Reliability Corporation (NERC), which […]
The magnitude and speed of the ratio’s 2-year spike is unprecedented in modern US history. It does not look good. By Wolf Richter for WOLF STREET. What matters the most in terms of the horribly spiking interest payments […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Wednesday, after falling in the week prior. The […]
As outlined in the graphic below, there are seven key indicators to watch as the US government falls deeper into the self-perpetuating debt spiral that I think will culminate in the collapse of the US dollar. Indicator #1: […]
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from […]
Data source: Bloomberg Finance, L.P. Note: Price curves as of November 21, 2024. Dotted lines represent forward prices. LNG=liquefied natural gas; Asian LNG=the JKM price benchmark (representing spot and forward LNG prices in Japan, South Korea, Taiwan, […]
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