As Prince Muhammad bin Salman’s proactive approach to regional affairs becomes clearer, the novice defense minister could lead the kingdom to overreach in Yemen. Earlier today, Saudi Arabia announced that it has ended its airstrikes in Yemen because the heavy weapons and ballistic missiles threatening the kingdom have been destroyed. The fighting had appeared to… Keep reading →
Duke Energy has agreed to provide families in North Caroline with bottled water after state testing found private wells near where the company stores coal waste contaminated with potentially toxic chemicals. “Over the last week, the state’s department of environment and natural resources mailed out 87 letters to residents who live near sites where Duke has stored… Keep reading →
Some economists have recently predicted that it not be until the third fiscal quarter 2015 that oil prices may begin to stabilize (for example, see ATB Financial’s Alberta Economic Outlook Q2 2015, published March 31, 2015). ATB Financial predicts, however, that the price stability will begin at around $50 per barrel rather than at the over $100 per barrel highs of mid-2014.
Pres. Obama declared Saturday he will speak at the Florida Everglades on Earth Day, this coming Wednesday, to discuss the economic threats of climate change. “The Everglades is one of the most special places in our country,” the president said. “But it’s also one of the most fragile. Rising sea levels are putting a national treasure… Keep reading →
President Obama visited Jamaica on Thursday, meeting with Prime Minister Portia Simpson Miller and more than a dozen other leaders from throughout the Caribbean to discuss the region’s energy future. “Topping Thursday’s agenda is a looming energy crunch in the Caribbean, and a chance for the U.S. to seize the initiative there from leftist leaders… Keep reading →
More than $1 trillion in U.S. real estate debt from the last decade is starting to come due as oil prices drop, particularly in cities and towns centered around the energy business. “The 50 percent plunge in crude values since June is already dragging down property prices in Texas, according to Green Street Advisors LLC.… Keep reading →
President Obama plans to launch a new initiative to expand the nation’s solar workforce during a visit to Utah’s Hill Air Force Base on Friday, outlining his economic agenda. “The Energy Department will seek to train 75,000 people — including veterans — to enter the solar workforce by 2020, increasing the goal it set in May 2014 by… Keep reading →
The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and incomes rose in February. Another report hinted at strong start to the spring buying season.Energy stocks were among the biggest gainers, bucking a slide in… Keep reading →
“The potential of air strikes on Yemen by Saudi Arabia, the biggest oil producer in OPEC, could throw world oil markets into volatility.” While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the center of world energy trade. The nation shares a border with Saudi Arabia, the world’s… Keep reading →
