ENERGY

Crude prices slid back to unchanged this morning – from some overnight gains – after a hotter than expected CPI print took demand-seducing rate-cuts off the table.

However, as Bloomberg reports, oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the Middle East create strong tailwinds. The market is bracing for Iran’s response to a suspected Israeli attack on its consulate in Syria last week, and top traders have been striking an (more…)

Crude prices slipped lower today (along with everything else around 10amET ish), but never recovered (unlike stocks), as  traders weighed prospects for a ceasefire in Gaza against ongoing risks to oil supplies in the Middle East.

Additionally,a s MT Newswires reports, in its influential monthly Short-Term Energy Outlook, the Energy Information Administration lowered its 2024 demand-growth forecast to 0.95-million barrels per day, even as it raised its estimate for actual demand to (more…)

Authored by Christian Milord via The Epoch Times (emphasis ours),

The recent stringent Environmental Protection Agency’s (EPA) carbon emissions standards for internal combustion engines defy economic realities. The EPA would have us believe that coercing folks to buy electric vehicles (EV) will somehow reduce alleged climate change extremes. The new rules will negatively affect California and the entire nation.

Traffic moves along Interstate 80 in Berkeley, Calif., on August 24, (more…)