Hints and tips:
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...As a parent of two children who have gone through the system in New York City, I’d wholeheartedly agree with this....
...North America was the top destination for investment among all global executives, followed by Europe....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...You’d give anything for a shower and clean bed. This would test anyone’s self-reliance. beatrice.hodgkin@ft.com...
...par with anything in the country’s urban capitals....
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...I’d make one last observation....
...The facility, which offers to take lenders’ US Treasuries off them at par value in exchange for cheap central bank loans, is a direct response to the problems that befell the now defunct Silicon Valley Bank...
...In 2013, the American Psychiatric Association’s diagnostic manual, which is essential for accessing health insurance for a disorder, put gambling on par with drug and alcohol addiction....
...Now, Friday was exceptional, and initiatives like the Fed’s Bank Term Funding Program — allowing banks to offer Treasury and MBS collateral to the Fed at their par value — means that things could be entirely...
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
...It’s not just America that’s having an important election....
...approach to production means prices remain on a par with those of large, high-end design brands....
...But the rollouts may have been too different and too late to break into the fast-growing space, said Bryan Armour, head of passive strategies, North America, for Morningstar....
...The higher rates that sunk SVB help Bank of America....
...You’d have to create incentives for Mexico to truly integrate into the rest of North America and take advantage of what’s happening in China, global markets, nearshoring....
...PM: Is there some future in which the Unreal Engine is a major revenue driver on a par with Fortnite?...
...Suncor produced 743,000 barrels of oil a day last year, about 15 per cent of the 4.7mn b/d produced in Canada, which is by far the US’s biggest source of foreign oil....
...80mn b/d by 2050....
...A Reuters/Ipsos poll this week showed that 57 per cent of Americans had an unfavourable view of the Supreme Court after it overturned Roe, putting it on par with Congress, a partisan institution....
...The number of rigs in operation has picked up in recent months, led largely by private companies, but oil output of 11.8mn barrels a day remains well below the 13mn b/d peak from before the pandemic....
...But Peter, the larger issue is what I’d like your take on. Do you agree with folks who say that we’ve never left the great financial crisis?...
...Bank of America reckons oil could hit $120 a barrel in 2022. JPMorgan reckons $150/b is now plausible in 2023, thanks to supply constraints....
...Still, US exports have held up relatively well with about 3.4m b/d of oil shipped out in June, compared with 3.6m b/d in March 2020....
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