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Rep. Jim Jordan, House Republicans raise alarms over new South Korean 'fake news' law●This Megaproject Could Keep Brazil's Oil Boom Running Deep Into The 2030's●Ghana’s inflation slows to 4.6% in July, first decline since March●US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott●Williams to buy Momentum Midstream in $5.5bn deal●Microsoft's AI growth has won back investors, for the time being●SpaceX Stock: 3 Reasons I Am Not Buying the Dip●Alphabet lures investors to mega bond deal with high premiums●Rep. Jim Jordan, House Republicans raise alarms over new South Korean 'fake news' law●This Megaproject Could Keep Brazil's Oil Boom Running Deep Into The 2030's●Ghana’s inflation slows to 4.6% in July, first decline since March●US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott●Williams to buy Momentum Midstream in $5.5bn deal●Microsoft's AI growth has won back investors, for the time being●SpaceX Stock: 3 Reasons I Am Not Buying the Dip●Alphabet lures investors to mega bond deal with high premiums●

Commodities

Weak Energy Demand May Signal a Much Bigger Economic Problem

Oilprice.com · 1h ago

Weak Energy Demand May Signal a Much Bigger Economic Problem

With the recent closure of the Strait of Hormuz, many expected oil prices to spike and stay high. Instead, they have barely budged. The latest spike in prices is a mini spike. If these oil prices were adjusted for inflation, the spikes in the past would appear even higher. Figure 1. Weekly average oil prices for West Texas Intermediate oil in a chart provided by EIA, with Iran conflict price spike circled. This is not a new problem. Looking at energy data going back to 1820, low demand (affordability) has repeatedly produced financial crashes,…

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