Energy costs for households across Europe nearly doubled compared to a year ago, new data has revealed. Gas bills have soared 111% and electricity ones 69%, according to the latest figures from the Household Energy Price Index. Averaged, these two figures mean an energy bill increase of 90% — or nearly double — compared to …
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Crude prices tumbled further on Tuesday, falling over 2% as demand concerns rattled the global oil markets with economic uncertainty fueled by renewed fears of a recession dampening the consumption of crude ahead of winter. Concerns over economic slowdown globally increased in the face of the United States congressional elections, while fears of a “technical …
The SARS-CoV-2 virus that results in COVID-19 has been found to damage multiple organs beyond the lung. Interestingly, the SARS-CoV-2 spike (S) protein can be found circulating in the blood of COVID-19 patients. Experimental findings are demonstrating that the circulating S protein can bind to receptors resulting in inflammation and cell, tissue, and organ damage. …
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Federal Reserve Bank of Richmond President Thomas Barkin said a strong labor market and stubborn inflation means the central bank may need to raise rates above 5%, though it may slow its pace of increases. “The market remains tight and that means there’s still more work to do,” Barkin said in an interview on CNBC …
Continue reading “Fed’s Barkin says inflation drop won’t be ‘immediate, predictable’”
According to several local and international news sources, Saudi Arabia has informed the U.S. of an imminent attack from Iran. This warning follows a report on Iranian state television showing Iran’s Supreme Leader, Ayatollah Ali Khamenei, telling a group of students marking the anniversary of Iran’s 1979 seizure of the U.S. Embassy in Tehran that …
Continue reading “Saudi Oil Assets at high risk of attack….. If it happens $200 here we come”
President Joe Biden made an apparently unscripted remark that there will be “no more drilling” under his watch, in response to someone in the crowd at his rally with Gov. Kathy Hochul (D-NY). The comments came after Biden wrapped up his official remarks at the election-themed event, which was intended to boost Hochul’s chances against …
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United Nations Secretary-General Antonio Guterres, who said the world “is on a highway to climate hell.” Sharm el-Sheikh, Egypt — The only way to “put an end to all this suffering” from “a highway to climate hell” is for the world to cooperate or perish, dozens of leaders were admonished as they gathered Monday for …
Another speech from another doctoral economist asshole! The Boston Fed chief says more tightening will be needed Smaller rate moves can help reach ‘sufficiently restrictive’ Boston Federal Reserve Bank President Susan Collins said monetary policy is entering a new phase that could require smaller rate increases while officials figure out how high rates need to …
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Federal Reserve Chairman Jerome Powell sent a clear signal interest rates will move higher and stay there longer than previously anticipated. Investors wonder if that means new lows for the beaten-down stock market lie ahead. “If we don’t see inflation start to come down as the fed-funds rate goes up, then we’re not getting to …
KeystoneXL could’ve weakened the bargaining position of OPEC and Russia this year. The U.S. would be less vulnerable to OPEC supply cuts and price swings if KeystoneXL would’ve been completed. The U.S. can’t afford to have policies that are hostile to North American energy companies. The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) …
Continue reading “Killing Keystone was really Really REALLY STUPID!”