Folsom, CA…The California Independent System Operator (ISO) has issued a statewide Flex Alert, a call for voluntary electricity conservation, for today, Aug. 31 from 4 p.m. to 9 p.m., due to high temperatures pushing up energy demand and tightening available power supplies. With excessive heat in the forecast across much of the state and Western […]
Folsom, CA…Starting tomorrow through Tuesday, California and the West are expecting extreme heat that is likely to strain the grid with increased energy demands, especially over the holiday weekend. Temperatures are forecast to begin rising Wednesday, August 31, intensifying through the holiday weekend and extending to early next week. In many areas of the West, […]
Starbase, TX…In a live event today, T-Mobile (NASDAQ: TMUS) CEO and President Mike Sievert and SpaceX Chief Engineer Elon Musk announced Coverage Above and Beyond: a breakthrough new plan to bring cell phone connectivity everywhere. Leveraging Starlink, SpaceX’s constellation of satellites in low Earth orbit, and T-Mobile’s industry-leading wireless network, the Un-carrier plans to provide near complete […]
Sacramento, CA…California’s Water Supply Strategy outlines actions needed now to invest in new sources, transform water management. Without action, state officials believe extreme weather could diminish California’s water supply by up to 10% by 2040. Hotter and drier weather conditions spurred by climate change could reduce California’s water supply by up to 10% by the […]
Washington, DC…Well, I tell you what: Detroit is making some really hot vehicles. (Laughter.) They even got a Hummer that can go 4.1, 0 to 60. That’s faster than my Corvette, and my Corvette is older than I am, almost. But what I realize is that my Corvette is now a hell — worth a […]
Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The GDP estimate released today is based on source data that are […]
Washington, DC…Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and […]
Washington, DC…The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved up 11.3 percent for the 12 months […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. The increase was broad-based, with the […]
Irving, TX…ExxonMobil released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of […]
