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  • U.S. Jet Fuel Glut Is Too Big for Surging Air Travel to Drain
    Business
    Bloomberg

    U.S. Jet Fuel Glut Is Too Big for Surging Air Travel to Drain

    (Bloomberg) -- The U.S. is swimming in so much jet fuel that even this summer’s surge in air travel can’t save the market.Air traffic in the U.S. has jumped to more than 2 million passengers a day, about 78% of where it was in the summer of 2019, according to the Transportation Security Administration. That’s done little to diminish the massive glut in jet fuel stockpiles, which stand at their highest seasonal level in a decade. Part of the problem is that refiners are trying to cash in on resur

  • U.S. judge rules Lithium Americas may excavate Nevada mine site
    Business
    Reuters

    U.S. judge rules Lithium Americas may excavate Nevada mine site

    (Reuters) -A U.S. federal judge has ruled that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife. The ruling marked a rare win for a U.S. critical minerals project as environmental groups increasingly pressure courts and regulators to block mining projects, even if they produce metals key to building electric vehicles. Chief Judge Miranda Du of the federal court in Reno, Nevada, said late on Friday that the digging - needed to determine whether the land holds historical import for Native Americans - may proceed while she determines the broader question of whether former President Donald Trump's administration erred when it approved the project in January.

  • Grantham’s terrifying new forecasts
    Business
    MarketWatch

    Grantham’s terrifying new forecasts

    It shows about the worst medium-term forecasts on record for pretty much all the assets most of us own in our retirement accounts. If they happen, they’ll mean your SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 Trust (VOO) and Schwab U.S. Small-Cap ETF (SCHA) lose about half their value, in inflation-adjusted terms, by 2028.