U.S. Economic News

U.S. Economic News

May 23, 2017

U.S. Economic Indicators

New home sales fell 11.4% to a seasonally adjusted annual pace of 569,000 in April, but are 0.5% above the April 2016 rate.  The median sales price declined to $309,200 and the inventory of new homes rose to 5.7 months at the current sales rate.  Census Bureau Report

U.S. News

Federal Reserve Governor Lael Brainard said yesterday that it is unclear whether labor markets have reached “full employment” yet.  Brainard noted that core inflation has shown few signs of accelerating even as the unemployment rate has fallen to decade lows, indicating that there may still be more room for labor markets to tighten.  WSJ

The Financial Times reports that President Trump is submitting his budget proposal for fiscal year 2018 to Congress.  The budget is expected to seek deep cuts to many executive agencies and will also include a proposal to sell off half of the Strategic Petroleum Reserve (“SPR”). FT

Keybridge Releases Report on 2015 Progress on the 2025 Beverage Calories Initiative to Reduce Beverage Calories in the American Diet

Keybridge Releases Report on 2015 Progress on the 2025 Beverage Calories Initiative to Reduce Beverage Calories in the American Diet

November 22, 2016

This report represents the first report on national progress toward the 2025 beverage calorie reduction commitment announced in September 2014 by the American Beverage Association, The Coca-Cola Company, Dr Pepper Snapple Group, PepsiCo, and the Alliance for a Healthier Generation. The report estimates average per person beverage calorie consumption in 2015 across the U.S. and the percent change from the 2014 Baseline. The report also tracks early efforts by the commitment signatories to increase access to, interest in, and awareness of reduced-calorie beverages.

Link:  2025 Beverage Calories Initiative: Report on 2015 Progress for the National Initiative

Energy and Environment News

Energy and Environment News

June 1, 2016

Top Stories

Oil Outlook.  The Wall Street Journal reports that OPEC members have revived the idea of a production ceiling, with alleged support from the group’s biggest exporter, Saudi Arabia.   While recent discussions have focused on limiting individual countries’ output, the proposed ceiling would cap the output of the entire group. Markets have reacted positively to the news thus far, but analysts warn that cartel members remain deeply divided about limits and any decision must be unanimous.  WSJ

Nuclear.  Nuclear energy is again gaining support around the country — in spite of continued safety concerns — as state and federal officials look for ways to reduce greenhouse gas emissions.  Department of Energy Secretary Ernest Moniz announced that “maintaining the nuclear fleet is really important for meeting [the United States’] near-term and midterm goals,” and is convening officials to explore ways to improve the industry’s prospects moving forward.  NY Times

Oil.  Richard Blackden of the Financial Times writes that while oil’s recent rebound above $50 a barrel has buoyed markets and put many investors at ease, fundamental improvements to the demand and supply imbalance have yet to be corrected.  Blackden cites research from UBS which finds that the bulk of the price rebound is due to disruption of supply from Nigeria and Canada, with only 10 percent of this year’s advance due to rising demand.  FT

Energy and Environment News

Energy and Environment News

May 31, 2016

Top Stories

Oil.  The Wall Street Journal reports that the cost to produce a barrel of oil has fallen dramatically around the world due to a combination of technical advances that have made shale production permanently cheaper and cyclical factors that are unsustainable for many producers moving forward.  The cost of oilfield services is a key component of these cyclical factors, and will likely be a determinant of which major producers succumb to market forces most quickly in coming months.   WSJ

Solar.  Small upstarts that sell solar panels directly to customers are proving to be stiff competition for large solar leasing companies and are expected to shave more than 20% from large companies’ 2014 market share next year.  Industry analysts note that solar leasing is losing market share due to the rise of viable alternative payment options and falling prices for panels, which make purchasing the systems outright more economical for consumers.  WSJ

Oil Outlook.   The Energy Information Administration reports that China’s exports of diesel have continued to skyrocket in 2016, bolstered by reduced domestic demand for diesel and reforms to China’s refining sector that have increased refinery utilization and production rates.   While China was a driver of diesel demand growth over the past few decades, its emergence as a net exporter is increasing global oversupply in the market for diesel fuel.  EIA

Energy Policy.  Coral Davenport of the New York Times argues that Donald Trump’s promise to aggressively expand American oil and gas production is incoherent in that it ignores a key fundamental force: the lackluster global economy.  Davenport cites leading energy experts who call Trump’s claims into question, particularly his vow that an expansion of oil and gas production would increase employment, economic growth, and federal revenue.  NY Times

Energy and Environment News

Energy and Environment News

May 20, 2016

Top Stories

Energy Policy.  State officials from New York are being investigated about their inquiry into Exxon Mobil’s climate research, led by House Representative Lamar Smith (R-TX) and supported  by 13 other House members.  The Congressman issued a letter to New York attorney general Eric Schneiderman on Wednesday demanding all communications between Schneiderman’s office and climate change activist organizations since 2012,  escalating a political debate about the principles of free speech, government overreach, and policymakers’ collaboration with activist organizations.   NY Times

Climate Change.  The New York Times reviews presidential contender Donald Trump’s views on climate change, noting that he has expressed very little about climate and energy policy beyond what he posts on Twitter.  Political analysts speculate that Mr. Trump’s position will fall to the left of the Republican party’s stance in an attempt to align with voters that are increasingly in agreement that climate change is occurring.  NY Times

Energy Outlook.  John Dizard of the Financial Times writes that 2016 will bring a “remake” of the 2001 California energy crisis, which will be caused by a physical shortage of natural gas delivered to local generators due to the shutdown of a leaky gas storage facility just north of Los Angeles.  Dizard quotes a coalition of gas, generation, and transmission owners and operators who predict a total of 14 days of power outages this summer, with a possibility for more.  FT

Page 10 of 91« First...89101112...203040...Last »