A melt-up, crude and tax rally, equity euphoria — call it what you may, but finding cynicism is not an easy task. Here are five signs that confidence is budding, all of which may either embolden the bulls or cause the bears to add more supplies to their doomsday bunkers.
At each stage in its tragic, tumultuous history over the past 40 years – the covert war of the 1980s, the civil war of the 90s and its post-2001 occupation – opium has played a central role in shaping the country’s destiny. In one of history’s bitter ironies, Afghanistan’s unique ecology converged with American military technology to transform this remote, landlocked nation into the world’s first true narco-state – a country where illicit drugs dominate the economy, define political choices and determine the fate of foreign interventions.
In November, authorities in Beijing began aggressively evicting internal migrant workers by demolishing entire city blocks, in some cases with only a few hours’ notice. Officially, this is a crackdown on “illegal structures” following a deadly fire that claimed the lives of 19 in a crowded neighborhood filled with domestic migrants — but the result has been to render tens of thousands of people homeless in a freezing winter.
Mrs Fukuda will receive a “celebratory” gift of ¥300,000 ($3,530) when she gives birth. A subsidised baby-sitting service is available for just ¥1,800 a day, along with subsidised carseats and other baby accessories. When her children reach secondary school, she will receive ¥90,000 a year for each one who attends. In theory, this stipend is to cover the cost of getting children to school, especially for people who live relatively far away. And whereas usually all but the poorest and the old in Japan have to pay 30% of their health-care bills (with the national government picking up the rest), in Nagicho the local government pays the 30% for children.
Still, FERC noted that resilience is an important attribute for a modern grid to have, and the agency opened a new docket to investigate how to improve resilience in a broader sense—that is, not just in ensuring stockpiles of fuel. Instead, FERC’s new study will evaluate how grid managers build resilience in their specific geographic footprint.
“This examination of the resilience of the bulk power system will be a priority of the Commission,” FERC wrote, directing grid managers across the US to submit reports within 60 days.
In general, regulators have struggled to keep up with the fracking boom over the past two decades. And by announcing this rule repeal, the BLM made clear that it feels state and tribal regulations are enough to prevent groundwater contamination, even though there’s evidence to the contrary. The BLM also calculated that rescinding the 2015 rule would save oil and gas operators almost $10,000 per well in compliance costs.
Is An Oil Price Correction Overdue? (Michael K.)
Joe McMonigle, a senior energy analyst at Hedgeye Risk Management, told UPI that there could be some “geopolitical lottery tickets” this year, especially if U.S. President Donald Trump refuses to waive the sanctions against Iran later this month.
“Gauging the probability of an oil supply disruption, calculating the likely magnitude and assigning it a premium is always tricky,” Vandana Hari, a market analyst and founder of Vanda Insights, told UPI via email.
Residents in burn zones in Santa Barbara and Ventura counties, along with an area of Duarte, were also ordered to leave, while those in Corona and Burbank burn areas were put on notice that they may have to if conditions worsened.
Whether residents planned to stay or go, all seemed to agree on one thing: the weather whiplash was exhausting.
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