Irina Slav from OilPrice.com summarised Wood Mackenzie’s Energy Transition Outlook 2025-26 as follows: Global demand for crude oil is projected to continue increasing until at least 2032, indicating that the world is significantly off track in meeting its Paris Agreement goals. Despite trillions of dollars invested in the energy transition, fossil fuels—oil, coal, and natural
On her first day of work, Adau realised she had made a big mistake.
"We got our uniforms, not even knowing exactly what we were going to do. From the first day of work we were taken to the drones factory. We stepped in and we saw drones everywhere and people working. Then they took us to our different work stations."
Australia’s structural housing shortage is well-documented, with AMP chief economist Shane Oliver estimating that the nation was short at least 200,000 homes in 2024: Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s net overseas migration will average around 300,000 annually under current policy settings, which is around 15% higher than Treasury forecasts. If
A somewhat mixed day for Asian stock markets without a clear lead from Wall Street overnight although this might clear up as the Trump regime turns the lights back on in the US government. Today’s local unemployment print saw the Australian dollar soar higher on the strong result with local stocks pushed lower as the
The post Macro Afternoon appeared first on MacroBusiness.
Jennie George is a former ACTU president and Labor MP for Throsby. George has been a vocal advocate for domestic gas reservation, which the Albanese government has shirked. Last week, George wrote a stunning article in The Australian attacking the Albanese government’s drive for net zero, warning that it will drive up energy costs and
The CBA bubble has been quivering uncontrollably for the past few days. It’s fallen all the way to 26x NTM, only double the historical average. Its peer group is also very fully valued, if less so. Compared with elsewhere, the bubble remains multi-sigma yuge. Citi reckons the bubble is just rotating. I can’t say I
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