Daily Digest

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Daily Digest 1/15 - How Governments React to Climate Change, Coal Plants Continue To Retire

Tuesday, January 15, 2019, 10:45 AM

Economy

UK leader in frantic final push to win Brexit deal backing (TS)

But the British leader had few concrete measures up her sleeve, and opposition to her deal remains dauntingly strong. A defeat on Tuesday would throw Brexit plans into disarray just weeks before the U.K. is due to withdraw from the bloc.

Trump rejects suggestion to allow government to reopen temporarily while talks continue (TS)

“When it comes to keeping the American people safe, I will never ever back down,” he said, touting the purported benefits of a steel or concrete border wall and accusing Democrats of working to prevent him from delivering him on a key campaign promise.

Trump also spoke at length about what he called “the crisis of illegal immigration,” including the inflow of drugs and human trafficking.

President Trump can't stop U.S. coal plants from retiring (tmn)

Cheap natural gas and the rising use of renewable power like solar and wind have kept electric prices relatively low for years, making it uneconomic for generators to keep investing in older coal and nuclear plants.

The Merger That Made a U.S. Gas Giant Is Failing (sign in required, cbandi)

Those promises have so far fallen flat, and what many cheered as one of the first deals in a hoped-for wave of consolidation among shale companies is turning out to be a cautionary tale, demonstrating that in fracking, bigger isn’t always better.

Venezuela’s Crisis Threatens U.S. Control Over Oil Prices (Michael S.)

Another country benefitting from Putin’s largesse is crisis-ridden and cash strapped Venezuela which has the world’s largest crude oil reserves, placing it ahead of Saudi Arabia and Canada both staunch U.S. allies. Moscow has been using Venezuela’s deepening economic and political crisis to strengthen its relationship with the highly unpopular socialist regime of President Maduro. That has included providing a financial lifeline to cash strapped Caracas and especially state-controlled energy company Petróleos de Venezuela, S.A. known by its initials as PDVSA.

Supreme Court, in blockbuster Martinez ruling, shields oil and gas drillers from stricter public health rules (edelinski)

“We expected this,” Martinez told The Indy. “To have this case concluded feels like we are ready to move forward. This is just the chance to prove that we need a complete restructuring of the system in place because it is currently not written for the best interests of the people and the communities.”

Colorado Petroleum Council Executive Director Tracee Bentley called the ruling “positive for all Coloradans.”

Scientists Call for Drastic Drop in Emissions. U.S. Appears to Have Gone the Other Way. (jdargis)

Until now, it had seemed we were making modest, if insufficient, progress, largely, many experts declared, as coal-fired power plants were phased out and replaced with natural gas, which burns cleaner out of the smokestack. For two decades, U.S. emissions had been steadily dropping, chipping off more than 1 percent annually in most years since peaking in 2007. But the pace of the decline had been slowing and now threatens to put emissions reduction goals set by the Paris accord — to cut emissions to at least 26 percent less than 2005 levels by 2025 — out of reach.

How Governments React to Climate Change: An Interview with the Political Theorists Joel Wainwright and Geoff Mann (jdargis)

I think we’re going to witness and are already witnessing, in its emergent form, lots of changes to what we think of as the sovereign nation-state. Some of that change right now is super-reactionary—some groups are trying to make it stronger and more impervious than it’s been in a long time. Then, other kinds of forces are driving it to disintegrate, both in ways we might think of as pretty negative, like some of the things that are happening in the E.U., but also in other ways that we might think of as positive, in the sense of international coöperation. There’s some discussion about what to do about climate migration, at least.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/14/19

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

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saxplayer00o1
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The World Is Drowning in Debt

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