Will electric vehicles muffle future oil demand?

The rise of US shale oil over the past decade has upended previous energy market norms, leading to uncertainty over supply trends and heightened volatility that ebbs and flows even today. Furthermore, the emergence of renewable energy in power generation and electric vehicle (EV) proliferation have created additional uncertainty about future oil demand. However, we […]


Personal Income increased 0.4% in August, Spending increased 0.1%

The BEA released the Personal Income and Outlays report for August: Personal income increased $73.5 billion (0.4 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $77.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $20.1 billion (0.1 percent). Real DPI increased 0.4 percent […]