America's Largest Wind Farm To Begin Operations This Month

In October 1962, the United States and the Soviet Union (i.e., Russia) came within an inch of all-out nuclear war with each other. To resolve the crisis, President John F. Kennedy and Soviet Premier Nikita Khrushchev entered into an agreement in which the United States agreed not to invade Cuba in return for Russia’s decision […]

An Emerging Market Crisis In Oil-Poor Asia? Authored by Satyajit Das via NewIndiaExpress, Reliable availability of cheap energy is, as the Iran war highlights, essential to modern economies and societies, at least for the foreseeable future. Shocks divide the world into the oil haves and oil have-nots. Alongside higher energy prices, shortages of petrochemical derived chemicals will affect agriculture, mining, plastics, textiles, semi-conductors and construction. Given that even if the conflict was to end with a lasting agreement it would take months or years for restoration of normality, the effects are likely...

PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for. PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%. The development sparked a wave of Wall Street downgrades tracked by Bloomberg. Mizuho Securities downgraded PG&E, Edison, and Sempra to neutral from outperform, citing the...