Could Nuclear Fusion be the Answer to New Jersey’s Renewable Energy Supply? One Lawkmaker Says Yes
TRENTON, N.J. — A new bill introduced in the New Jersey Legislature aims to classify fusion energy as a Class I renewable energy source under the state’s “Electric Discount and Energy Competition…
More Magical Thinking: President Biden’s Offshore Wind Fantasy
Jonathan Lesser on February 3, 2022 Last March, President Joe Biden announced a goal of building 30,000 megawatts (MW) of offshore wind generation by 2030. Doing so will “strengthen the domestic supply…
General Electric Saw Decline In Sales Due To Supply Chain Problems
General Electric (GE) reported a disappointing fourth-quarter earnings report as the electricity giant pointed to continuing supply chain woes to explain its dip in revenue, the company reported. GE’s fourth-quarter revenue fell…
Luxury Car Sales Surge Amid Global Supply Chain Disruptions And Surging Inflation
Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported. Luxury car brands, including Rolls-Royce, Bentley, Porsche and…
Supply chain crisis, inflation to impact the beer market in 2022 due to rising costs, aluminum shortage
The beer industry is experiencing a shortage in brown glass and aluminum cans and is expecting their alcoholic beverages to be impacted by price hikes in 2022 due to inflation and the…
European Natural Gas Prices Surge Higher As Russia Withholds More Supply
The price of natural gas skyrocketed more than 30% in Europe on Tuesday after Russia continued to withhold key supplies with winter weather approaching. While the price, measured by the Dutch natural…
Cluck You: Joe Biden pledges a fairer, more competitive poultry industry
In July, President Biden signed an Executive Order on Promoting Competition in the American Economy to create a fairer, more resilient, and more dynamic economy. Over the last few decades, we’ve seen too many…
Holiday Sales Surged In December Amid Supply Chain Issues And Growing COVID-19 Cases
Holiday sales surged at the fastest pace in nearly 20 years despite shoppers facing higher prices, supply issues and soaring COVID-19 cases, according to a key spending metric. Holiday sales grew 8.5%…
Jen Psaki tries to defend Biden’s failure on the COVID-19 testing shortage
White House Press Secretary Jen Psaki tried to defend her boss, President Joe Biden after he dropped the ball on America’s COVID-19 testing rollout, saying that had the President not acted, there…
European Gas Prices Hit Record After Russia Cuts Supply
European natural gas prices hit an all-time high Tuesday after Russia suddenly reversed flows through a key pipeline transporting gas to Germany. The Dutch natural gas calendar, the benchmark European index, surged…
Global Oil Supply Set To Surpass Demand Despite Omicron As US Producers Boost Output
Global crude oil production is forecasted to outpace demand beginning in December and into 2022, a key monthly industry report said. The oil supply is expected to receive a boost from producers…
Wholesale Producer Price Index Grows The Fastest It Ever Has
The Producer Price Index (PPI), which measures inflation at the wholesale level, soared 9.6% year-over-year as of November, growing at the fastest rate ever measured, the U.S. Bureau of Labor Statistics (BLS) announced…
Top Republicans Introduce Bill Forcing Biden To Boost US Oil, Gas Production
A group of top House Republicans introduced a bill Thursday that would force President Joe Biden to increase domestic oil and gas production when he taps the nation’s emergency stockpile. The Strategic…
REPORT: Spending Expected To Soar This Holiday Season While Consumers Remain Concerned Over Inflation And Supply Chain Issues
U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on average, expect…
Big Oil CEOs Thumb Nose At Green Energy Transition, Say Fossil Fuels Still Have ‘Essential Role’
Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies. Crude oil and natural gas continue to be key…
FedEx Predicts Record Holiday Delivery Season Amid Continuing Labor And Supply Chain Concerns
FedEx predicted that Monday will be a record day for deliveries for the 2021 holiday season, company executives told CNBC. “We’ve seen a lot of people actually starting their Christmas shopping in…
Washington Post Contributor Says Gas Prices ‘Actually Aren’t That High’
The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which affects all…
Walmart Executive Leaving Company After 22 Years As It Prepares For Busy Holiday Season And Growing Supply Chain Issues
Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over two decades at the world’s largest retail business. Biggs, who joined Walmart…
NBC reports booze shortage as bottle backlog keeping wine and spirits off store shelves
NBC reports a booze shortage that could last through the entire holiday season as wineries tackle a bottle shortage.…
Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. The dollar store will raise its prices…
Cereal Giant To Raise Prices Next Year, Making Cheerios And Other Foods More Expensive
Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of its major wholesale suppliers that prices increases…