Gregor Macdonald

Gregor Macdonald


Freelance journalist covering cities, climate, and energy. Former Bostonian, Angeleno, Londoner. | Oil Fall https://t.co/65oBFyeKjR | gregor@gregor.us

17228 followers  •  444 follow  •    •   https://t.co/dVhYi0UOI5

If you agree with all of Trump's economic policies to date, the corporate tax cut, and the tariffs, and believe they are the best policies to make America great again, then you have to agree that current FED policy--a brief phase of hedged easing--is pitch perfect. $SPY $TLT

@TheRickWilson  @RadioFreeTomY  @thedailybeastour  piece additionally benefits from that illustration done by w @lynelucienhich  is one of the more brilliant graphics I've seen in a while--works both as a still, and in motion.

Austerity is the new voodoo. Why? Because cutting vast portions of your population out of gains from trade, and, turning your back on normal course 20th C public investment (to the detriment of productivity and growth) is not merely dumb as all fuck, but gets you this:

tweet picture

@LDrogen  You just named the three horsemen which, notably, most economists tend to ignore as they chase after accounting identities and other airy explanations for the rate decline. My view: fertility rate crash and tech deflation now being joined by energy surpluses (and more to come).

Trump, Kudlow, Navarro, and the rest of the clueless economic team now flashing outright panic as they obviously don't understand the forces they themselves unleashed, starting last year. Only winner in a trade war is David Ricardo, as his ideas prove out. Ricardo's Revenge.

@RaoulGMI  Let's see. The 1990's: a powerful Asian economy that'd helped drive global growth for decades finally matured, slowed down, with long lasting effects . Has a ring to it.

Seems we're about to remember how necessary the China bid had become to global asset prices, and global growth.

JMHO: the build and withdrawal numbers in the weekly petroleum status report from EIA (and API) provide 1. no useful information about global demand. 2. say very little about US demand. 3. have no correlation to price movements in oil beyond 6-8 hours of trading. #OOTT 

China's vehicle market fell for the 13th month, though a blip of July strength eased the depth of the YOY decline. A weakening economy also knicked EV sales, yet they remain on track for at least 40% growth in 2019. Details coming in my newsletter tonight.

A good way to think about Uber, especially because it's in the business of transportation, is that its financial losses all flow from energy losses. Unlike previous transportation innovations, it has no energy-edge. via @verge 

Loading
Loading

Even as someone who reports on and writes about EV adoption, I remain newly astonished that ICE vehicle sales in China will barely grow, if they grow at all this year, as EV flood the zone, taking all the growth. Really didn't expect that until 2020 at earliest. Crazypants.

1/ Electricity is the new oil. China just killed the future of the internal combustion engine. And climate action (energy transition) is neither scary nor costly to the economy, but will pay for itself over twenty years. That's why I've written Oil Fall.

5/ We should be talking not about the cost of climate action to the global economy, but rather, the incredibly high cost of staying on the fossil fuel system, where at least half of all the energy the world pays for is lost to the atmosphere. With oil, the losses are even higher.

I love this so much because it takes stupidity to 11. Anyway, for reality based people, Iowa and Oklahoma now produce over 40% of their electricity from wind alone, and CA and TX produce 20% of their electricity from wind and solar combined. Ergo, lots of clean electric heat.

Coal had one final hope: that it could cling to the last gasp of growth, in India. Well, that's over. | India, the world's no. 2 coal buyer, plans to cut imports by a third via @markets 

1/ The EV sales growth take-off point is now arriving and everyone is going to have to revise their projections (again). IEA and EIA are of course the farthest behind. But even BNEF may have to revise. China is of course leading the way, but edge-economy California also roaring.

If only we could measure the declining US dependence on foreign energy over past decade. @mattyglesias  @joshtpm 

tweet picture

Loading
Loading