Explore the world of motion and time—two concepts that have plagued scholars and philosophers. The curious stumble of the human being that has tried to explain two very different phenomena: motion and time through reasoning. …
In Perennial Movement
June 16, 2023
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Oil Falls as Demand Concerns Offset Supply Cuts
LONDON—Oil slipped on Friday as a weaker economic outlook and the prospect of further interest rate hikes dogged sentiment, outweighing a tighter market in the second half of the year owing to higher Chinese demand and OPEC+ supply cuts. The Bank of England is set to raise interest rates by a quarter of a percentage…
World Shares Reach 14-month Highs as Investors Shrug Off the Fed
June 16, 2023
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LONDON—Global shares rose to 14-month highs on Friday, as investors took the view that the Federal Reserve may not need to raise rates much more, while the dollar headed for its biggest weekly slide since January. The MSCI All-World index was up 0.2 percent, around its highest since mid-April 2022. This has been an intense…
Australian Energy Giant Sued for Allegedly Manipulating Electricity Prices
One of Australia’s top energy companies has been sued for allegedly using bids to manipulate power prices and inflict financial damage on customers. In early June, law firm Piper Alderman announced that it had launched a class action lawsuit against energy giant AGL following an investigation into abnormal hikes in electricity spot prices in South…
Oil up on Strong China Refinery Data
LONDON—Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs at the world’s top crude importer China, but a weak economic backdrop capped gains. Brent crude futures were up 84 cents, or 1.15 percent, to $74.04 a barrel at 0959 GMT. U.S. West Texas Intermediate (WTI)…
Stocks Slip as ECB Prepares Hike After Hawkish Fed Pause
June 15, 2023
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LONDON—World stocks slipped from 18-month peaks and the dollar pushed higher on Thursday as traders readied for what is expected to be the eighth straight rate hike from the European Central Bank (ECB) later. Europe’s groggy start came after Wednesday’s first pause in the U.S. Federal Reserve’s rapid hiking cycle in over a year was…
Rancher Angered When Uninvited Pipeline Surveyors Enter Home
June 14, 2023
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Keeping the doors unlocked is a common practice on rural farms where farmers often work between the house, barn, and field. But country manners don’t allow strangers to enter buildings unannounced. That’s what happened on May 3, when land surveyors for Summit Carbon Solutions arrived at the Brown County, South Dakota ranch of Jared and…
House Passes Another Bill Protecting Gas Stoves From Being Banned
June 14, 2023
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The House on June 14 passed another piece of gas stove legislation. Voting in favor of the Save Our Stoves Act—a bill that would block the Department of Energy’s proposed efficiency rule on gas stoves and similar appliances—were 249 representatives, while 181 went against the measure. The legislation passed just one day after the House…
Federal Regulator Sounds Alarm on Declining Electric Grid Reliability
June 14, 2023
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The commissioners of the Federal Energy Regulatory Commission (FERC) sounded the alarm on a deteriorating U.S. grid in a House hearing on June 13. At one point, Rep. Jeff Duncan (R-S.C.) asked the commissioners a yes-or-no question: “Has electric reliability worsened or improved over the past three years?” The first answer came from acting FERC…
Gas Code Promises Secure Supply at ‘Reasonable’ Prices
A mandatory industry code of conduct is expected to make gas available for Australian users at “reasonable” prices for the next two years. The gas industry says the test for the code will be whether it supports urgently needed investment to bring on new gas supply to avert future shortfalls and put downward pressure on…
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