April 2015 U.S. Economic Fundamentals
- Thread starter Ally
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- Mar 24, 2009
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Million barrels of oil per day riding U.S. rails
(Reuters) - More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday.
The volume of crude shipped by rail has increased more than 50-fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy Information Administration (EIA) revealed in its first monthly report on movements of oil by rail (link.reuters.com/vyt44w).
Read the full article here.
(Reuters) - More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday.
The volume of crude shipped by rail has increased more than 50-fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy Information Administration (EIA) revealed in its first monthly report on movements of oil by rail (link.reuters.com/vyt44w).
Read the full article here.
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- Mar 24, 2009
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Declining geographic mobility means lower turnover for U.S. multifamily
Multifamily managers are saving a little money on paint these days, thanks to low turnover. Apartment renters are becoming more likely to renew their leases, and less likely to move out—partly because people in the U.S. are less mobile than in previous years.
Declining mobility worries economists because matching certain jobs with qualified workers is more difficult if those workers live in the wrong places. Mobility has been falling in the U.S. for years, due to both the aging population and the aftermath of the Great Recession.
Read the full article here.
Multifamily managers are saving a little money on paint these days, thanks to low turnover. Apartment renters are becoming more likely to renew their leases, and less likely to move out—partly because people in the U.S. are less mobile than in previous years.
Declining mobility worries economists because matching certain jobs with qualified workers is more difficult if those workers live in the wrong places. Mobility has been falling in the U.S. for years, due to both the aging population and the aftermath of the Great Recession.
Read the full article here.
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- Mar 24, 2009
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- 16,743
Gasoline refineries go full throttle to tame U.S. crude oil glut
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.
They’re enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season. They’ll increase output to meet consumer demand and they’ve added more than 100,000 barrels a day of capacity since last summer, when they processed the most oil on record.
Read the full article here.
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.
They’re enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season. They’ll increase output to meet consumer demand and they’ve added more than 100,000 barrels a day of capacity since last summer, when they processed the most oil on record.
Read the full article here.
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- Mar 24, 2009
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When the U.S. says they're broke, they mean they're broke
Canada is paying the full freight to build a new Detroit River bridge, because the U.S. says it’s too broke. A “private sector partner” — whoever that turns out to be – will pay the $250 million to build a customs plaza on the U.S. side, because the U.S. says it’s too broke for that, too. But now, according to the Windsor Star, the U.S. won’t even commit to pay the customs agents who work in the customs plaza. These are U.S. agents, people, working in the U.S. for the U.S. government. “Gov. (Rick) Snyder continues to talk with our Michigan delegation and the Obama administration about covering costs for the American workers in the (U.S.) customs facilities connected to the planned Detroit crossing to Canada,” said Dave Murray, a spokesman for Snyder. OK, we know Michigan is in rough shape, but isn’t Washington just a little bit embarrassed?
Read the full article here.
Canada is paying the full freight to build a new Detroit River bridge, because the U.S. says it’s too broke. A “private sector partner” — whoever that turns out to be – will pay the $250 million to build a customs plaza on the U.S. side, because the U.S. says it’s too broke for that, too. But now, according to the Windsor Star, the U.S. won’t even commit to pay the customs agents who work in the customs plaza. These are U.S. agents, people, working in the U.S. for the U.S. government. “Gov. (Rick) Snyder continues to talk with our Michigan delegation and the Obama administration about covering costs for the American workers in the (U.S.) customs facilities connected to the planned Detroit crossing to Canada,” said Dave Murray, a spokesman for Snyder. OK, we know Michigan is in rough shape, but isn’t Washington just a little bit embarrassed?
Read the full article here.
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- 16,743
Canadian snowbirds squeezed out of south Florida housing market
TORONTO – Canadian snowbirds are starting to look north for affordable property, says the head of Florida’s largest real estate board. A sinking loonie and rising home prices are making south Florida more expensive for vacation property than it has been in years.
Before Canadians start to panic too much, Chris Zoller, residential president of the Miami Association Realtors, says that by north, he means Orlando.
Read the full article here.
TORONTO – Canadian snowbirds are starting to look north for affordable property, says the head of Florida’s largest real estate board. A sinking loonie and rising home prices are making south Florida more expensive for vacation property than it has been in years.
Before Canadians start to panic too much, Chris Zoller, residential president of the Miami Association Realtors, says that by north, he means Orlando.
Read the full article here.
- Joined
- Mar 24, 2009
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- 16,743
Seattle's micro-housing boom offers an affordable alternative
THE SMELL of garlic rises from the frying pan as two women in flannel pajama pants and beige slippers sauté shrimp and noodles on a range top in a shared kitchen just inside the main entrance to the apartment building.
As they cook, a steady stream of sneaker-clad tenants, some walking dogs, stride down the hall toward the elevator. They barely glance into the kitchen despite the pungent aromas and the conversation taking place around the square, steel table that dominates the room.
Read the full article here.
THE SMELL of garlic rises from the frying pan as two women in flannel pajama pants and beige slippers sauté shrimp and noodles on a range top in a shared kitchen just inside the main entrance to the apartment building.
As they cook, a steady stream of sneaker-clad tenants, some walking dogs, stride down the hall toward the elevator. They barely glance into the kitchen despite the pungent aromas and the conversation taking place around the square, steel table that dominates the room.
Read the full article here.