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Europe: +44 (0) 207 198 1634 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Real prices viewer The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaning adjusted for inflation) since 2009, based on projections in EIA’s July Short-Term Energy Outlook (STEO). This decline is mainly the result of the […]
Equities and the Economy Good morning. Whoo-hoo and whoo again! And again! Financial markets around the world surged on Friday after Greece tabled a fresh package of reforms to creditors with investors taking the developments that the new plan could finally spell the end of the dramatic stand-off that shut the Greek financial system down […]
IT’S summertime. The season when you can write your name in the condensation on the windows at Starbucks, people pull on parkas to go to the movies and judges have been known to pause proceedings so bailiffs can escort jurors outside the courthouse to warm up. On these, the hottest days of the year, office […]
Equities and the Economy Good morning and happy Pina Colada Day (Google Rupert Holmes). On the heels of a big rebound in Chinese stocks and a continued strength in European stocks U.S. equities bounced back from Wednesday’s horrific sell-off with the Dow closing up 33 points, the S&P 500 adding 5 to 2,051 and the […]
Equities and the Economy Good morning. It was Armageddon here in the U.S. yesterday. Although European stocks staged a rally after 4 consecutive losing days Asian shares, especially the crash that’s going on in China, and the Greek matter crushed U.S. stocks. The main indexes saw selling pressure all day and ended the day near […]
U.S. electricity trade with Canada is increasing, providing more economic and reliability benefits to both the United States and Canada. Although the amount of electricity imported over the Canadian border is a small part of the overall U.S. power supply, the transmission connections linking Canada and the United States are an important component of the […]
“The war on coal” might have just witnessed another battle in April as the latest “Electric Power Monthly” data from the U.S. Energy Information Administration show total natural gas-fired electric generation in April surpassed coal-fired power generation for the first time in history. The June 25 report from the EIA showed 92,516 GWh was produced […]
Equities and the Economy Good morning. Wow! What a wild ride yesterday! U.S. equities staged a dramatic finish Tuesday after a vicious morning of selling ending the session with modest gains. The Dow finished up 93 (0.53%) at 17,777, the S&P 500 rose 12 (0.59%) to 4,997 and the Nasdaq climbed 5 (0.10%) to 4,997. […]
Equities and the Economy Good morning and happy National Father Daughter Take a Walk Day. After the “No” vote, let the punishment begin. That’s in reference to what the Greeks may be bringing on themselves in a debtor vs. creditor battle played out on the world’s stage but unfortunately our 401K’s are feeling the pain. […]
Equities and the Economy Good morning. I hope you had a pleasant holiday weekend. Let’s get last Thursday, the last day the U.S. markets were open, out of the way for a lot has occurred since that time. On Thursday the Dow fell 28 points to 17,730 losing 1.2% for the week. The S&P 500 […]
