Global Gas Glut Harming Drillers in U.S.

While the U.S. may be in the midst of a natural gas boom, it comes with a price. “Shale drillers are extracting so much gas that it’s overwhelming demand,” Bloomberg reports .

“Prices dipped briefly below $2 per million British thermal units on Friday for the first time since 201...

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Renewables to be Fastest Growing Source of Electricity Generation

The U.S. Energy Information Administration (EIA) expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook (STEO) forecasts that elect...

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Durable Goods Manufacturing Down 0.2% in December

The Federal Reserve reports that industrial production in the U.S. declined 0.3% in December, as a decrease of 5.6% for utilities outweighed increases of 0.2% for manufacturing and 1.3% for mining. The index for durable goods manufacturing slipped 0.2%, as a decrease for motor vehicles outweighed wide...

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Senate Passes USMCA Trade Agreement

The U.S. Senate passed the United States-Mexico-Canada Agreement (USMCA) on Thursday by a vote of 89-10. The trade legislation now heads to the president’s desk where he will sign it, likely sometime next week.

“USMCA is expected to boost economic growth and job creation, though only mode...

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