While America’s intentions may be good, fossil fuels aren’t going away anytime soon

FuelNuts & BoltsFuel TechHigh Tech / High TouchSalesMoney Matters
Written By Jennifer Joslyn

♻️ While America’s intentions may be good, fossil fuels aren’t going away anytime soon.

Not just globally, but domestically as well. The federal government has segmented $400 billion to clean energy projects stateside over the upcoming years after passing the American Recovery Act and the Inflation Reduction Acts. However, the United States is now tied with Qatar for the biggest exporter of liquified natural gas and remained the largest producer of natural gas by a long shot. Coal cannot be forgotten either, as many regions turn to the source after energy disruptions due to the war ongoing between Russia and Ukraine.

Read more from The Hill ▶

Featured
Stocks Edge Higher Amid Choppy Week
Stocks Edge Higher Amid Choppy Week

Stocks nudged higher on Friday, wrapping up a volatile week.

Americans Are Split on Economy Despite Growth
Americans Are Split on Economy Despite Growth

More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.

U.S. on Track for Rare Earth Supply Chain by 2027
U.S. on Track for Rare Earth Supply Chain by 2027

The U.S. is making solid progress towards establishing a domestic supply chain for rare earth elements by 2027, crucial for defense needs.

Experts Are Warning of Economic Downturn
Experts Are Warning of Economic Downturn

Nancy Lazar from Cornerstone Macro is sounding the alarm about a possible economic downturn.

Business Insider Took A Closer Look At Middle Class in America
Business Insider Took A Closer Look At Middle Class in America

A Business Insider analysis of 2022 US Census Bureau data revealed stark contrasts in the middle-class population across states.

Humanitarian Aid Reaches Gaza via Temporary U.S. Pier
Humanitarian Aid Reaches Gaza via Temporary U.S. Pier

On Friday, trucks carrying humanitarian aid began delivering much-needed supplies to Gaza using a temporary pier built by the U.S.

House Passes Bill to Expedite Weapons to Israel
House Passes Bill to Expedite Weapons to Israel

The Republican-led U.S. House of Representatives passed the Israel Security Assistance Support Act on Thursday, pushing President Biden to send weapons to Israel more quickly.

Jobless Claims Fall, But Economic Slowdown Persists
Jobless Claims Fall, But Economic Slowdown Persists

The number of Americans filing for jobless benefits dropped last week, undoing nearly half of the previous week's spike.

U.S. Warns of Economic Impact if Taiwan Chip Production Is Disrupted
U.S. Warns of Economic Impact if Taiwan Chip Production Is Disrupted

Commerce Secretary Gina Raimondo emphasized that a potential Chinese invasion of Taiwan and the takeover of chip manufacturer TSMC would be catastrophic for the U.S. economy.

TikTok Takes the Feds to Court Over Security vs. Free Speech
TikTok Takes the Feds to Court Over Security vs. Free Speech

TikTok has filed a lawsuit challenging a new federal law that could force its Chinese parent company, ByteDance, to sell the app or face a ban in the U.S.

U.S. Moves to Ban Russian Uranium Imports
U.S. Moves to Ban Russian Uranium Imports

In a bid to further pressure Russia over its war in Ukraine, the U.S. Senate has unanimously passed a bill to prohibit Russian uranium imports.

Biden Proposes Tripling Tariffs on Chinese Steel and Aluminum Imports
Biden Proposes Tripling Tariffs on Chinese Steel and Aluminum Imports

President Joe Biden is advocating for a significant increase in tariffs on Chinese steel and aluminum imports, proposing to triple the current rates.

TSMC's Strategic Expansion into the U.S. Market
TSMC's Strategic Expansion into the U.S. Market

Taiwan Semiconductor Manufacturing Company (TSMC) is making a significant move by bringing its most advanced technology to America, aligning with U.S. President Joe Biden’s goals for a secure tech supply chain.

The Big Shift in U.S. Imports: More Containers, Higher Prices
The Big Shift in U.S. Imports: More Containers, Higher Prices

Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.

There Is a Severe Weather Alert for the South and Mississippi Valley
There Is a Severe Weather Alert for the South and Mississippi Valley

This week, the South and Mississippi Valley are facing another severe weather threat, hot on the heels of a storm last week that resulted in at least three fatalities.

Progress in Baltimore Bridge Collapse Cleanup
Progress in Baltimore Bridge Collapse Cleanup

The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.

Yellen's Firm Stance on China's Industrial Capacity
Yellen's Firm Stance on China's Industrial Capacity

U.S. Treasury Secretary Janet Yellen recently wrapped up a series of meetings in China, where she firmly addressed the issue of Chinese overproduction and its impact on global markets.

U.S. Surpasses China as Global Leader in Millionaire and Billionaire Growth, Report Reveals
U.S. Surpasses China as Global Leader in Millionaire and Billionaire Growth, Report Reveals

The U.S. has overtaken China as the leading nation for millionaires and billionaires, reports Henley & Partners and New World Wealth in their 2024 USA.

US Justice Department Sues Apple for Alleged Monopoly in Smartphone Market
US Justice Department Sues Apple for Alleged Monopoly in Smartphone Market

The US Justice Department and multiple states are suing Apple, accusing it of monopolizing the smartphone market.

Biden’s Bold Electric Vehicle Push
Biden’s Bold Electric Vehicle Push

President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.

America's Happiness Quotient is a Deepening Concern in Global Rankings
America's Happiness Quotient is a Deepening Concern in Global Rankings

The United States has slipped to its lowest-ever ranking in the annual World Happiness Report, dropping eight spots to 23rd place.

China's Manufacturing Dominance is Shifting Global Trade Dynamics
China's Manufacturing Dominance is Shifting Global Trade Dynamics

The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.

Trump Warns Against TikTok Ban, Citing Concerns Over Facebook's Dominance
Trump Warns Against TikTok Ban, Citing Concerns Over Facebook's Dominance

Former President Donald Trump expressed concerns about the proposed ban on Chinese-owned social media app TikTok in the United States during an interview on CNBC's "Squawk Box" on Monday.

Revealing Disparities With Biden's Infrastructure Investments and Electoral Realities
Revealing Disparities With Biden's Infrastructure Investments and Electoral Realities

The Biden administration's landmark laws are allocating billions of dollars nationwide, funding diverse projects from Florida's roads to Alaska's broadband lines.

Gold Hits Record High Amid U.S. Unemployment Rise
Gold Hits Record High Amid U.S. Unemployment Rise

Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.

Joe Biden's Spirited State of the Union Is A Defining Moment for American Politics
Joe Biden's Spirited State of the Union Is A Defining Moment for American Politics

Joe Biden visibly relished his time as president, evident in his leisurely stroll down the House chamber aisle, shaking hands and snapping selfies with attendees.

U.S. House Pushes for TikTok Divestment
U.S. House Pushes for TikTok Divestment

The U.S. House of Representatives is speeding up a vote next week on a bill that would force China's ByteDance to sell off TikTok within six months or face a U.S. ban.

US House Passes $467.5 Billion Spending Package Amid Looming Shutdown Threat
US House Passes $467.5 Billion Spending Package Amid Looming Shutdown Threat

The US House of Representatives passed a $467.5 billion spending package to avoid a government shutdown, covering various sectors like agriculture and veterans' affairs.

Surge in EV Sales and the Road Ahead for Adoption in the U.S.
Surge in EV Sales and the Road Ahead for Adoption in the U.S.

In the past year, over a million fully electric cars, trucks, and SUVs were sold in the U.S., marking a record in the country's shift away from gas-powered vehicles.

There Are Shifting US-China Trade Dynamics and WTO Reform
There Are Shifting US-China Trade Dynamics and WTO Reform

The US's top trade official, Katherine Tai, suggested to the BBC that the sharp decline in trade with China might not be all bad news, hinting at potential benefits from diversification.

Jennifer Joslyn
Previous

The frozen food supply chain is on a roll
Next

What kind of place does the Block Chain have in the supply chain?