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Critical Minerals

Week Recap: EPA Reverses Regulations, Trump Diplomacy, and US Sanctions on Oil

March 22, 2025 Andy Del Prado

Weekly Daily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, […]

Climate Crisis

California’s Post-Wildfire Blame Game Hits Absurd New Heights With Latest Bill

March 22, 2025 Stu Turley

California’s SB 222 lets wildfire victims sue oil companies, worsening insurance and consumer costs while ignoring real issues. ​It’s not exactly unheard of for California’s progressive lawmakers to introduce ideologically driven bills designed to make a […]

Carbon Credit

New Lobbying Group Targets GOP to Back Green Policies They Opposed

March 22, 2025 Stu Turley

A new lobbying group with a seven-figure budget aims to convince the GOP to back carbon tariffs and the 45X tax credit favored by greens and liberals. ​A new lobbying push will look to pitch […]

Germany
Finance

Germany Has Traded Austerity for a Mess

March 22, 2025 Stu Turley

The German government has finally revised its debt rules—by making them more confusing. On Tuesday, March 18, the German parliament ended the country’s economic Sonderweg, or “unique path.” On that day, two-thirds of members voted […]

Fed’s Operating Losses
Bankruptcy

Fed’s Operating Losses Declined to $78 Billion in 2024, “Unrealized Losses” Rose to $1.06 Trillion

March 21, 2025 Clark Savage

QE has produced years of hangover. By Wolf Richter for WOLF STREET. The Fed disclosed two types of losses in its audited annual report today: An operating loss of $77.6 billion for the year 2024, substantially less bad […]

US LNG export terminals
Exports

US LNG export terminals ship 26 cargoes

March 21, 2025 Mariel Alumit

EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 29 LNG vessels is 98 Bcf. This compares to 29 shipments and 110 Bcf in the week ending […]

COSCO ship
Finance

$3.5m: How much this COSCO ship might be charged when calling at a US port

March 21, 2025 Mariel Alumit

Public comments continue to fly into the US Trade Representative (USTR) ahead of Monday’s hearing into controversial plans to tax Chinese-built tonnage calling at US ports. In the more than 150 submissions sent in, a […]

Condos
Finance

Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak

March 21, 2025 Mariel Alumit

Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets. By Wolf Richter for WOLF STREET. Here are 10 big cities where condo prices have dropped by 10% […]

Sales of Existing Homes
Finance

Buyers Strike Not Letting Up: Sales of Existing Homes Have Worst February since 2009, as Inventory Surges

March 20, 2025 Stu Turley

Too-high prices trigger demand destruction, market freezes. By Wolf Richter for WOLF STREET. Sales of existing homes – single-family houses, townhouses, condos, and co-ops – that closed in February fell by 5.2% from the abysmally low levels a year […]

Crude Oil News

Oil Indicator Flashes Weakness in Key Western Crude Markets

March 20, 2025 Clark Savage

Brent crude futures are trading at a rare discount to Middle Eastern oil, with growing production in Europe and the Mediterranean heaping pressure onto markets for the high-quality oil that underpins the global benchmark. Brent […]

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