Day: December 20, 2023

Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt?

Energy News Beat China and Brazil shed large portions of their holdings, but the top financial centers loaded up. By Wolf Richter for WOLF STREET. The total amount of Treasury securities outstanding has reached $33.89 trillion and is going to hit $34 trillion shortly. Everyone of these securities must be sold to someone, and foreign holders play a […]

Daily Energy Standup Episode #274 – Navigating Challenges and Strategies in Global Energy Dynamics

Energy News Beat Daily Standup Top Stories Energy Workforce: Biden’s Gulf of Mexico leasing auction “detrimental” to U.S. energy supply December 19, 2023 Mariel Alumit (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly finalized Department of Interior 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program. The program holds the […]

Residential Construction Gains Steam, Single-Family Starts Jump, Highest since Spring 2022, Multi-Family Rises from Ashes

Energy News Beat Homebuilders and developers have adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August. By Wolf Richter for WOLF STREET. Confronted with mortgage rates that make it tough to sell houses at May-2022 prices, homebuilders have adjusted, and in their quarterly reports, have spelled out how: […]