CryptoReview - Part 1418

WTI Breaks Out To New Nov Highs After OPEC Data Shows Huge Supply Shortfall | ZeroHedge

Post author:bitcointalk
Post published:12.09.2023
Post category:ENERGY
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Oil prices had been coiling for a few days ahead of this data and are breaking out now after OPEC reports that global oil markets face a supply shortfall of more than 3 million barrels a day next quarter – potentially the biggest deficit in more than a decade.

If realized, it could be the biggest inventory drawdown since at least 2007, according to a Bloomberg analysis of figures published by OPEC’s Vienna-based secretariat.

OPEC’s 13 members have pumped an average (more…)

Germany Passes Controversial ‘Green’ Heating Law Estimated To Cost Economy €1 Trillion | ZeroHedge

Post author:bitcointalk
Post published:12.09.2023
Post category:NEWS
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Authored by Junge Freiheit via Remix News,

After six months of fierce debate, Germany’s left-wing government has passed the country’s controversial green heating law, the Building Energy Act (GEG), with high estimates indicating the law will cost Germany’s economy over €1 trillion over the next 20 years.

While politicians belonging to Germany’s three-way politician applauded the heating law coming into force on Friday last week, the political fallout has likely yet to (more…)

City Slickers Caused Rural Populations To Explode During Pandemic — Leaving A Trail Of Resent And Strained Infrastructures | ZeroHedge

Post author:bitcointalk
Post published:12.09.2023
Post category:NEWS
Post comments:0 Comments

The influx of transplants from urban living to rural areas during the pandemic has been well documented, as the lure of a cheaper cost of living and wide open spaces vs. the prospect of riding out lockdowns in a $5,000 / month postage stamp was no brainer for many.

And so for the first time in three decades, rural America's population has outgrown that of urban areas, driven by remote work, affordability and lifestyle changes. Tech-savvy Californians have led this great (more…)