Hurricane Oscar recently struck Cuba with winds reaching ninety miles per hour, causing widespread disruption in a country already grappling with power shortages. The hurricane, which formed near the Bahamas, serves as a stark reminder that, with five weeks remaining, the extended Atlantic hurricane season is far from over. Warmer-than-usual Gulf waters, reaching record temperatures…
Doug McIntyre discusses the potential for oil prices to drop significantly, which could push gasoline down to under $2 dollars per gallon. Wall Street’s technical traders, who focus on price patterns rather than supply and demand, observe crude oil trading between $82 and $68, with a possible fall to $60 if tensions in the Middle…
Doug McIntyre discusses Ford’s recent price cuts on the 2025 Mustang Mach-E, which are three to four thousand dollars cheaper than the 2024 models. The move follows unsuccessful attempts to boost sales with zero percent financing over seventy-two months. But Ford’s difficulties extend beyond the Mach-E to other EV models, such as the F-150 Lightning,…
Doug McIntyre reports on the historic rainfall in Roswell, New Mexico, where five inches of rain fell rapidly, leading to flash floods, significant damage and two deaths. The unusual weather event marks the most rain in the area in 128 years, underscoring the increasing frequency and unpredictability of extreme weather tied to climate change. McIntyre…
After years of attracting people seeking better weather and lower taxes, Florida’s housing market is facing an oversupply due to reverse migration caused by extreme storms. A recent study identifies the Sunshine State as one of seven states with too many houses, with Louisiana also on the list due to its history of tropical storms….
A recent ClimateX study indicates that NFL stadiums face a total of $11 billion in potential climate-related damages by 2050, with about half of that risk concentrated at New Jersey’s MetLife Stadium, home of the New York Giants and the New York Jets. Situated in the Meadowlands, a swampy region prone to flooding and storm…
A study from Realtor.com reveals that several Ohio cities — including Akron, Cleveland, Columbus, Cincinnati and Dayton — are among the safest places in the U.S. to avoid the worst impacts of global warming, with these areas at low risk for climate-related disasters such as flooding, hurricanes, tornadoes and hailstorms. Although the Buckeye State has…
New York City is experiencing its driest fall since 1886, with minimal rain recorded since September 1; meanwhile, this unusually dry season coincides with one of the warmest autumns on record, with temperatures forecast to reach nearly 80 degrees on October 21. Typically, the city sees five to 10 inches of rain during September and…
Hurricane Oscar, the tenth hurricane of the Atlantic season, has rapidly intensified into a Category 2 storm. After impacting the Bahamas, it is now approaching Cuba, which has been without electricity for nearly a week due to an oil shortage, as the warm waters of the Gulf, reaching up to 86 degrees Fahrenheit, have accelerated…
BYD, China’s leading EV manufacturer, has become the largest globally, surpassing even Tesla. While high tariffs keep BYD out of the U.S. and, to a lesser extent, Europe, the company is building factories in Europe to avoid these restrictions. In China, BYD has outpaced Ford and GM, leading to a significant decline in their market…
Global conflicts and pressing domestic issues are hindering meaningful climate action, according to the International Monetary Fund. Many countries, particularly those struggling with heavy debt burdens, find it difficult to prioritize climate change amid challenges like poverty and job creation, while in wealthier nations, domestic agendas often overshadow climate concerns. As extreme weather events continue…
Hurricane Milton caused catastrophic damage, with insured losses estimated at $17-28 billion and total damage reaching up to $34 billion, including uninsured homes and businesses, according to a report by property data analysts CoreLogic. The growing frequency of severe storms is leading to difficulties in obtaining insurance, particularly in high-risk areas like Tampa. As a…
Senegal, a former French colony on the coast of West Africa, is facing extreme heat — with temperatures reaching nearly 120°F — creating harsh living conditions as a combination of desert heat and seasonal downpours leads to severe flooding. These climate challenges are devastating crops, pushing many Senegalese to migrate, often to places like Spain’s…
A recent study predicts that in twenty years, half of the world’s food production will be at risk due to water scarcity, a development that threatens significantly impact economies around the world. Rich countries could see an 8% GDP decline, while poorer, agriculture-dependent nations may suffer a 15% drop. The study highlights the importance of…
The stock performance of Chinese EV companies, such as market-leader BYD, is booming, with BYD’s shares up 30% this year. Meanwhile, Western automakers are struggling, with, for example, Ford’s stock dropping 10% and Volkswagen’s shares down 38%. The contrast between Chinese EV companies and Western car makers is growing, primarily due to the inability of…
A drought on the Great Lakes is causing water levels to drop by two to eight inches below average, posing risks to the water supply for nearly 30 million people. The unusually dry September, coupled with typical seasonal declines, is worsening the situation. In addition, the low levels significantly impact shipping routes, with vessels traveling…
New York State prosecutors and politicians are considering a lawsuit against major oil companies, accusing them of hiding knowledge about climate damage for decades. The case aims to follow the precedent set by the $250 billion settlement from big tobacco lawsuits in the 1990s. Several states and municipalities are already pursuing similar legal actions, hoping…
The U.S. Department of Energy has committed $900 million to develop small modular nuclear reactors — known as Generation III — as part of the 2024 Consolidated Appropriations Act. However, Doug McIntyre suggests this funding is unlikely to be a particularly big driver of nuclear power’s growth; instead, private companies, such as tech giants Google…
With this winter expected to be warmer than usual, according to the U.S. Weather Service, the milder temperatures will likely lead to reduced fossil fuel consumption, as less heating will be required, a development that could positively impact the environment by decreasing the burning of heating oil, natural gas, and coal. Additionally, the warmer weather…
West Virginia and Ohio are experiencing extremely dry conditions, as highlighted by the U.S. Drought Monitor, which is considered the authoritative source for drought data in the U.S. While areas such West Texas and Arizona are typically drought-prone, normally wet Ohio and West Virginia are currently facing the most severe drought levels, a situation has…
Recent findings from the journal Science reveal a staggering 60% increase in global greenhouse gas emissions from forest fires between 2001 and 2023. While forest fires have historically contributed to CO₂ emissions, a recent study highlights their escalating role in climate change. The cycle is evident: as forests burn, they release greenhouse gases that exacerbate…
