Energy
Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not […]
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Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high
A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $4, or $5, and […]
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Gas prices just hit a new record high. Here are a few ways to cut down the cost
As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. Last year at […]
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How relocating Americans created new inflation hot spots
Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoenix and lowest in San Francisco,” Redfin deputy chief economist Taylor Marr told CNBC. The relationship between migration and inflation has […]
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An energy transition loophole is allowing Big Oil to offload high-polluting assets to private buyers
An oil flare burns at Repsol’s oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF’s analysis. Bloomberg | Bloomberg | Getty Images Oil and gas giants are increasingly selling off dirty assets to private firms, amplifying concerns that the fossil fuel industry’s traditional […]
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Keeping Illinois nuclear plants open is saving some customers $237 a year on average
Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007, in Byron, Illinois. (Photo credit should read JEFF HAYNES/AFP via Getty Images) JEFF HAYNES | AFP | Getty Images Nuclear energy pays in times of energy price fluctuations. In September, Illinois lawmakers passed a watershed clean energy law which […]
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UK inflation jumps to 40-year high of 9% as food and energy prices spiral
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market stall in London on May 12, 2022. – Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output […]
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In the fight against climate change, seaweed could be a surprising — but vital — weapon
Like many coastal communities around the world, people living by the sea in the United Kingdom have harvested and consumed seaweed for centuries. In Wales, Welsh laverbread — made from cooking a type of seaweed called laver — is a culinary delicacy so revered that it enjoys Protected Designation of Origin status. Seaweed’s uses do […]
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It’s now cheaper to switch from coal to renewables instead of coal to gas, report shows
Power workers inspect photovoltaic power generation facilities at a 35-MEGAwatt “fish-light complementary” photovoltaic power station in Binhai New Area, Haian City, East China’s Jiangsu Province, on March 15, 2022. Costfoto | Future Publishing | Getty Images Record-high coal and gas prices have been pushing prices higher for consumers and businesses alike, but there could be […]
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After Toyota’s Mirai, the Japanese auto giant zeroes in on buses and heavy-duty trucks
One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. Korekore | Istock Editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement related to the development of hydrogen-based transport options, as the race to develop […]
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