Quantitative Tightening has removed 40% of Treasury securities and 28% of MBS that pandemic QE added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $107 billion in May, to $7.26 trillion, […]
Suspected Ukrainian drone strikes early on June 6 set Russian oil installations on fire in two regions bordering Ukraine as Russia continued to launch strikes on civilian targets in several Ukrainian regions. A drone attack on an oil refinery […]
The WEF has announced that $104 billion was syphoned out of the pockets of taxpayers globally via carbon taxes last year to pay for environmental schemes. WEF brags that over $100 billion was taken via […]
(Zero Hedge)—For much of the past year we had been pounding the table on two very simple facts: not only has the US labor market been appallingly weak, with most of the jobs “gained” in 2023 and […]
Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe’s major ports. A growing number of imported electric cars, many of them […]
Texas has prided itself as avoiding the heavy hand of federal regulation in electricity generation by choosing not to interconnect with neighboring power grids, which exempted Texas from regulation by the Federal Power Commission starting […]
More than $500bn (£391.13bn) was invested into oil and gas last year, according to a report from the International Energy Agency (IEA), in a blow to environmental activists’ calls for no new fossil fuel development. […]
Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent […]
Dive Insight: Texas load growth forecasts are rising rapidly, and the interconnection queue for the Electric Reliability Council of Texas is brimming with solar and storage. In April, ERCOT had active generation interconnection requests totaling 346 GW, […]
Almost exactly one year ago, New York Gov. Kathy Hochul cast her state’s first-in-the-nation plan to make the drivers clogging Manhattan’s streets to help pay to fix the subways and buses that most New Yorkers […]
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