Weekly Bites

U.S. oil auctions are back…sort of. In a significant move since the passage of President Joe Biden’s landmark climate change law, the U.S. held its first sale of oil and gas drilling rights on federal lands in late May, attracting over $78 million in high bids. This auction of 19 parcels in New Mexico,…

There is a desire and movement from many sectors in the United States to shift its reliance on fossil fuels to alternative fuel sources. But is that want doable at scale, and does it make economic sense? Rare earth materials, which many industries rely on for alternative energy sources, are challenging to come by and…

Earlier this month, Saudi Arabia and OPEC+ oil producers announced they would cut oil output by more than one million barrels per day. Subsequently, energy prices spiked, with the current national gas average sitting at $3.65 per gallon. But oil and gas prices aren’t the only thing shifting right now…worldwide trade currency is for some…

The past few years, there has been more focus on addressing climate change through key actions such as 100 percent zero-emission vehicle acquisition by 2035 and achieving net-zero emissions procurement by 2050. Why the sudden focus on these green initiatives, and is climate change really happening? Will new regulations have a detrimental impact on…

By now, everyone’s heard the Silicon Valley Bank collapse story. Its repercussions are, at present, still sending shockwaves across the banking system, leaving the experts, pundits, the Fed, and everyone wondering if another pillar will drop or can the system hold together. While the collapse of Silicon Valley Bank (SVB) seemingly happened overnight, were…

On the latest episode of Gasonomics, Tim Snyder of Matador Economics takes a deep dive into the recent week’s energy complex. The macro data is out: the consumer price index, producer price index, and retail sales for this time reveal new worries for a continuation of the numbers – and mean lower markets with higher…