Brexit implications on the cost of UK polymer imports
The British pound’s sharp slide to 31-year lows versus the US dollar in the volatile aftermath of last month’s Brexit vote could potentially hike the UK’s polymer import costs by $100 million.
New Jersey Savors Reprieve From Gas-Tax Increase, but Halt in Roadwork Looms
A disagreement between Gov. Chris Christie and state lawmakers delayed a rise of 23 cents a gallon, forcing the state to plan a shutdown of nonessential road projects.
With No Deal on New Jersey Gas Tax, Christie Orders Shutdown of Road Projects
Gov. Chris Christie issued an executive order late Thursday declaring a state of emergency after negotiations to raise the state’s famously low gas tax stalled.
Met coal spot prices edge upwards on tight Aug supply
Spot metallurgical coal edged higher in the Asia Pacific region July 1 on stronger finished steel prices and perceived scarcity of August cargoes.
Nigeria inks $80 billion in Chinese oil deals
Nigeria has signed memoranda of understanding with Chinese investors to pump over $80 billion in oil and gas exploration and production projects.
Losses on LME limited after UK votes to leave EU
Base metals preformed far better on the London Metal Exchange than many had expected following the vote by the UK to leave the EU, with nickel and zinc the only significant losers of the day.
Liquidity flows faster for aluminum swaps
Aluminum swaps have come a long way since August 9th 2013, when the first lots on the CME’s MW US Transaction futures contract were reported to have traded.
Fossil fuels still dominate U.S. energy consumption despite recent market share decline
(Fri, 01 Jul 2016) Three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century. In EIA's <em>Annual Energy Outlook 2016</em> Reference case projections, which reflect current laws and policies, that percentage declines to 76.6% by 2040.
New Jersey Legislature Fails to Reach Deal on Gas Tax
The State Senate declined to sign on to the Assembly’s plan, backed by Gov. Chris Christie, to raise the gas tax and lower the sales tax.
Brexit: A new ‘manifest crisis’ for UK steel?
With large parts of the UK steel industry controlled by foreign interests, it should be obvious that “going it alone” is simply not an option.