Fracking is an expensive business. Depending on site structure, companies need prices of between $60 and $100 per barrel of oil to break even. As prices drop to around $55 per barrel, investments in the sector look ever more vulnerable.
No earthquakes were ever recorded in this region of Ohio before fracking started, and the shaking stopped after the well was shut down, said lead study author Robert Skoumal, a graduate student in seismology at Miami University in Ohio. Skoumal and other Miami University researchers identified 77 earthquakes with magnitudes ranging from 1 to 3 that occurred from March 4 to 12.
Whether you have company insurance, use the Affordable Health Care Exchange or are on Medicare, look for higher doctor and hospital costs in 2015.
The eurozone economy has seen 18 months of continuous, albeit weak growth.
Markit said its latest PMI survey, which combines the results of individual surveys of the construction, services and manufacturing industries, suggested the eurozone economy grew by just 0.1% in the last three months of 2014.
Euro-area government bonds rose, pushing yields down to records across the region, amid speculation the risk of deflation will prompt the European Central Bank to introduce further stimulus, including sovereign bond-buying.
German 30-year (GDBR30) yields fell below 1.25 percent for the first time
The aggregate deficit of the defined benefit plans of the U.K.’s largest 350 firms almost doubled over the year ended Dec. 31 to £107 billion ($162.2 billion), said a Mercer report.
Public defined benefit plans, endowments and foundations also lost ground during the month, ISSG said.
For the typical corporate plan in December, assets decreased 0.4 percent as liabilities increased 2.5, according to the BNY Mellon Institutional Scorecard.
It’s a deep and common concern across the United States, where employer plans cover 60 percent of working-age Americans, or about 150 million people. Coverage long considered the gold standard of health insurance now often requires workers to pay so much out-of-pocket that many feel they must skip doctor visits, put off medical procedures, avoid filling prescriptions and ration pills — much as the uninsured have done.
That’s because they are part of a minority of Russians who took out mortgages denominated in a foreign currency to take advantage of lower interest rates abroad. As Russia’s currency collapsed in recent months, the cost of repaying those mortgages has gone through the roof.
The monetary base posted a record high for the fifth straight month partly as a result of the central bank raising the pace of supplying funds after it decided to take additional stimulus steps in late October to enhance its efforts to meet its goal of lifting the inflation rate to 2 percent.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."