- On 6 Mar 2014
Natural Gas Hoarding in Europe Thanks to Sanction Proposals; Boehner vs. McCain,
NYTimes - U.S. Seeks to Reduce Ukraine's Reliance on Russia for Natural Gas:
Over the past week, Congressional Republicans have joined major oil and gas producers like ExxonMobil in urging the administration to speed up oil and natural gas exports. Although environmentalists, some Democrats and American manufacturing companies that depend on the competitive advantage of cheap domestic natural gas oppose the effort, they have fallen to the sidelines in the rush.
The United States does not yet export its natural gas. But the Energy Department has begun to issue permits to American companies to export natural gas starting in 2015. American companies have submitted 21 applications to build port facilities in the United States to export liquefied natural gas by tanker. The agency has approved six of the applications.
At the helm of the new energy diplomacy effort is Carlos Pascual, a former American ambassador to Ukraine, who leads the State Department’s Bureau of Energy Resources. The 85-person bureau was created in late 2011 by Hillary Rodham Clinton, the secretary of state at the time, for the purpose of channeling the domestic energy boom into a geopolitical tool to advance American interests around the world.
- On 6 Mar 2014
Americas Hottest Housing Market Has Suddenly Cooled Down,
The Arizona Republic - Phoenix area home prices fell in January
The median price of a metro Phoenix home sale dipped to $196,900 during the first month of the year, compared to $205,000 in December 2013, according to a new report form the W. P. Carey School of Business at Arizona State University. It’s the first monthly decline in the median price since last summer.
In January 2013, the median price in Phoenix was $163,000.
“The price gains now are weak, but it’s not clear that they’ll get much weaker or stronger, “ said Mike Orr, director of the Center for Real Estate Theory and Practice at W. P. Carey.
Sales of Valley homes were down 23 percent in January from January 2013, but the supply of homes for sale has climbed 47 percent during the past year.
"The market conditions suggest prices will struggle to make any further upward progress in 2014,” Orr said. “With February through June the strongest part of the year, we may yet see a little forward movement, but it’s likely to be tentative at best.”
He said the second half of the year could be when home prices fall more, unless sales pick back up.
- On 5 Mar 2014
Bitcoin exchange Mt. Gox goes dark in blow to virtual currency,
March 06, 2014 9:44AM - The controversial virtual currency has claimed its first life, after the American chief executive of a bitcoin exchange has been found dead at age 28.
THE American chief executive of a bitcoin exchange has been found dead at her home in Singapore. Autumn Radtke, 28, was found dead in her apartment on February 28 and investigators are awaiting toxicology tests to confirm that her death was a suicide.
Radtke formerly worked with Apple and other Silicon Valley tech firms on developing digital payment systems before taking up the position with First Meta, an exchange for the digital currency bitcoin.