Saturday, July 11, 2026
Alan Greenspan lists inflation and the budget deficit as his biggest concerns- oil and gas 360

Alan Greenspan lists inflation and the budget deficit as his biggest concerns

CNBC Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out private investment and productivity growth,” Greenspan said in an interview Thursday on CNBC’s “Squawk on the Street.” It was

Powell announces new Fed approach to inflation that could keep rates lower for longer- oil and gas 360

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending- oil and gas 360

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to foreign buyers, who may not have sufficient demand, or sell bonds to local institutions. Both approaches pull money out of

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

From Bloomberg St. Louis Fed chief says trade war poses risk to U.S. economy, Bullard says yield curve may signal Fed policy is too tight The Federal Reserve may need to cut interest rates soon to prop up inflation and counter downside economic risks from an escalating trade war, St. Louis Fed President James Bullard said. “A downward policy rate

Driverless Trucks Will Reduce Labor Costs, Move toward Cure for Driver Shortage

  USPS Testing Series of 1,000-Mile Mail Hauling Trips From CCJ The United States Postal Service (USPS) has contracted with autonomous truck startup TuSimple on a series of 1,000-plus mile trips, hauling mail between the Postal Service’s Phoenix, Ariz. and Dallas, Texas distribution centers. Equipped with a network of lidar, radar and cameras that enable SAE Level 4 autonomous driving, each truck will

Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

From Bloomberg   Median could shift to two increases from three in 2019 Fed chief says rates ‘just below’ range of neutral estimates   Federal Reserve Chairman Jerome Powell opened the door for a potential pullback in projected interest-rate hikes for 2019 following a widely expected increase in December. In what was seen as a shift in tone from remarks

Shell - Oil & Gas 360

Shell Accelerates Share Buybacks as Profits Soar

From Reuters   LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program. Although the $5.6 billion quarterly profit slightly missed forecasts for a fourth quarter, investors took heart from a nearly 60 percent rise in

Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

Citigroup Economist Sees Oil Forcing an Inflation Surprise

From Bloomberg  Bank says central banks may ignore acceleration Economist says markets underestimating size of surprise The recent surge in the price of oil is set to propel global inflation faster than historically and by more than investors are anticipating, in part because key central banks are unlikely to respond by tightening monetary policy, according to Citigroup Inc. In a

U.S. Restricts Exports of Oil Diluents to Venezuela - Oil & Gas 360

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt. Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017. Big businesses in the country have also poured money into the bonds, hoping to capitalize

Divergent Needs Put Fed, Central Banks on Different Paths

Fed is likely to raise its key rate two more times – Dallas Federal Reserve The last time the world’s central banks diverged on policy came as the Fed increased its key rate in December 2015. It’s happening again. The U.S. Federal Reserve continued its policy of quantitative tightening last week by raising the key rate 25 basis points, and