Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Renewables could shield the US economy -But they may lead to declining global leadership President Joe Biden managed to upend the US energy sector by rejoining the Paris climate accord and nixing the … More Renewables aren’t influential
-US rig counts increase yet again -We still have a political hangover from the Trump administration Crude oil prices moved lower in the final trading session of the week on supply-side strains and a resurgent pandemic in Asia. A quiet week for commodities still left the price of oil supportive of drilling in the United … More The Daily Dose; Supply-side strains say hello
-So much for energy independence -Baker Hughes offers glimmer of hope A dip in the trend in US employment levels and the latent response from API data showing a build in petroleum product inventories sent crude oil prices marginally lower in the Thursday session. President Biden, meanwhile, made good on his campaign pledges by advancing … More The Daily Dose; Green shoots and leaves
The GERM Report 