This month marks the largest monthly funded status decrease since January 2016
As the U.S. becomes entirely self-sufficient and even begins to become a net exporter of oil, it is likely to keep a lid on oil prices in the long-term.
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Negative effects would occur in the context of an economy less energized by fiscal stimulus than was the case last year.
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Michael Cembalest, in his annual energy paper discusses the deep de-carbonization of electricity grids.
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