Biden signals new effort to lower gasoline prices next week
U.S. President Joe Biden said on Thursday that U.S. gasoline prices remain too high and that he will have more to say about lowering the cost next week. A federal Continue Reading
Mortgage Rates Hit 6.92%, a 20-Year High
U.S. mortgage rates jumped to their highest level in more than two decades. The average 30-year fixed mortgage rate hit 6.92% this week, according to a survey of lenders released Continue Reading
Inflation Is Unrelenting, Bad News for the Fed and White House
Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest pace in 40 years, bad news for the Federal Reserve Continue Reading
Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even Continue Reading
Las Vegas Leads in Water Conservation Amid Worst Drought in 1,200 Years
The city’s focus on water—and the constant pressure on its supply—has helped shape it into an internationally recognized leader in water conservation. News moves fast, and there’s not always time Continue Reading
U.S. home heating bills expected to surge this winter -EIA
U.S. consumers can expect to pay up to 28% more to heat their homes this winter than last year due to surging fuel costs and slightly colder weather, the U.S. Continue Reading
Short-Term Energy Outlook
Forecast Highlights Winter Fuels Outlook In our Winter Fuels Outlook, we forecast that average household expenditures for home heating fuels will increase this winter because of both higher expected fuel costs Continue Reading
US EIA cuts forecast for 2023 global liquids production, demand
Highlights Lowers WTI, Brent price forecasts Warns of higher winter heating oil costs US crude output to average 12.4 million b/d in 2023 The US Energy Information Administration on Oct. Continue Reading
Amid historic drought, California expected to approve $140 mln desalination plant
Oct 13 (Reuters) – A $140 million desalination plant is expected to be approved by California regulators on Thursday as the U.S. state contends with how to convert ocean water Continue Reading
Senior U.S. Senator Wants To Halt All Cooperation With Saudi Arabia
U.S. Democratic Senator Bob Menendez, who is chairman of the U.S. Senate Foreign Relations Committee, blasted Saudi Arabia for leading the OPEC+ group into announcing a cut in oil production Continue Reading