We Energies said the price of natural gas is at a 10-year high and double what it was last year.
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- WKBW - Buffalo Scripps
Home heating prices are expected to increase by more than 50% this year. A study done by Penn State says in a typical year, natural gas can cost almost twice as much to heat your home than wood; this could be the most expensive winter for natural gas heated households in more than a decade.
(Bloomberg) -- Most Read from BloombergWhat Comes After GE’s 129 Years of Greenhouse GasThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowShortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said. Crude has surged above $80 a barrel, the highest in three years, as traders anticipat
- Washington Examiner
After campaigning on reining in oil and gas companies and curbing climate change, President Joe Biden is scrambling to find ways to lower energy prices — and counting on help from the industry.
- FX Empire
With OPEC+ sticking to its existing pact for gradual production growth and a handful of member countries failing to meet their quota, supplies are expected to remain tight until the next OPEC+ summit
Gasoline and crude-oil prices have reached levels not seen since 2014 at a time when world oil demand is less than the pre-pandemic levels of 2019. Unlike previous oil booms and busts, the rise in gasoline prices is due to a confluence of factors, many of which may seem familiar, but have not occurred all at the same time. In the United States, gasoline demand had been rather flat since 2017, but that was of little consequence as the United States is connected to the world oil grid.
President Biden has discussed the latest trends in retail fuel prices with representatives of the U.S. oil industry
- CBS MoneyWatch
The suit says the "scalding" hot coffee spilled onto her in a car in the drive-thru of a Brockton, Massachusetts location – and that what happened next made matters worse.
- Washington Examiner
A federal judge extended the ban on United Airlines putting employees on paid leave for seeking exemptions to the airline's vaccine requirement.
- Business Insider
Thousands of Chinese workers reveal their hours as part of a campaign to 'boycott' the grueling '996' corporate culture
996 stands for 9 a.m. to 9 p.m., six days a week. These long hours were initially prevalent in tech firms, but have seeped into other sectors.
Prices of fossil fuels around the globe have been surging. Some commodity pros are referring to this current condition as an “energy crisis,” one that could have far-reaching implications for average Americans but also for energy policy as the U.S. --- and the rest of the world --- attempts to wean itself off crude oil and transition to renewable sources of power.
- Business Insider
Ethereum could soon hit a record high of $4,900 thanks to its growing power in the crypto market, Fundstrat says
Research house Fundstrat reckons the signs look good for ether, the cryptocurrency of the ethereum network.
Restaurant Workers Are Sharing Why They're Done With The Service Industry, And To Say I'm Fuming With Anger Is An Understatement
"When everything shut down during COVID-19, I realized how much the place destroyed my mental health."View Entire Post ›
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A recent boom in oil and gas prices, along with severe weather, is making the mix of energy sources in the U.S. more expensive, volatile, and pollution-heavy.
- The Telegraph
Rishi Sunak delays business rates reform Bank of England official urges against ‘self-defeating’ rate rises FTSE 100 rises 0.8pc; Wall Street rallies 1pc on strong bank profits Ambrose Evans-Pritchard: Britain’s Covid record is not the global horror story some wish to believe Sign up here for our daily business briefing newsletter
- Associated Press
Chief Justice John Roberts has rejected a Supreme Court stay request from the St. Louis-based natural gas company Spire Inc. to allow it to keep operating a pipeline through Illinois and Missouri. Roberts did not comment Friday in refusing to temporarily pause a lower court order affecting the operation of the Spire STL Pipeline. The company could be forced to stop operating the pipeline on Dec. 13 unless the Federal Energy Regulatory Commission extends an emergency order granted in September.
Runner Mary Cain says former Nike Oregon Project coach Alberto Salazar weight-shamed her and told her that her 'breasts and bottom were too big'
Cain is suing Salazar and Nike for $20 million, claiming she was emotionally abused while training at the Nike Oregon Project.
- Washington Examiner
Households across the United States will spend more to heat their homes this winter because of higher fuel prices, the Department of Energy’s independent statistical arm is projecting.
District judge in Fort Worth, Texas, granted a restraining order in favor of employees who are suing the airline over the mandate.
(Bloomberg) -- Oil rose in tandem with equities after traders digested a U.S. inventory report showing the biggest decline in crude stockpiles at the Cushing, Oklahoma, storage hub since June.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowFutures in New York rose