Month: July 2021

Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
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(Bloomberg) — Oil dipped as investors eyed the spreading delta variant’s impact on demand while cases surge. Futures in New York fell 0.2% on Monday after rallying the previous four sessions. Global cases of Covid-19 have increased the most in two months with infections surging in the U.S., Brazil, India, Indonesia and the U.K. Countries with lower
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An employee with Ipsun Solar installs solar panels on the roof of the Peace Lutheran Church in Alexandria, Virginia on May 17, 2021. Andrew Caballero-Reynolds | AFP | Getty Images Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic.
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Rigzone’s downstream readers showed much interest last week in new carbon capture and storage (CCS) developments from a pair of major oil and gas players. Read on to learn more in this review of some of the most popular recent downstream-related articles on Rigzone. Chevron Faces Carbon Capture Setback Chevron Corp. (NYSE: CVX) has revealed
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Article courtesy of RMI.By Katie Siegnerm, Mark Dyson, & Gabriella Tosado Despite serving only 13 percent of US electricity load, electric cooperatives loom large in conversations about the US energy system’s past, present, and future. The initial vision for nonprofit electric co-ops dates back to the New Deal, when the Rural Electrification Act of 1936 authorized
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The U.S. rotary rig count is within striking distance of hitting the 500 mark, adding seven rigs to reach 491 this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all seven of the additional U.S. drilling units are oil rigs, now totaling 387. The
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