Here’s what we have for you today:
• American oil export
• Payback debt
• Climate correlation
US exporting oil to another level
The majority: So far for in 2023 54.36% of US trade in oil, gasoline and natural gas has been an export.
Overall: The value of US oil exports through the first eight months of 2023 is $75.02 billion.
Shipping exports: The port of Corpus Christi will finish 2023 with a majority of the value of oil exports for the third consecutive year in the US.
Interest rate and debt in the US
Due date: Moody’s says about $1.87 trillion of junk-rated debt is maturing between 2024 and 2028.
Junk payment: Companies with ratings of B2 from Moody’s or below have to pay off $206 billion in debt in 2024 and 2025.
Other: Debt from companies that are rated with Caa and lower by Moody’s account for 19% of 2024-2025 maturities.
From climate change to Gray Whales
The drop: Gray Whales have been dying at an unusual rate than ever since year 2019.
Down the drain: According to the National Oceanic and Atmospheric Administration the North Pacific Gray Whale population plummeted from an estimated 27,000 in 2016 to 14,500 in 2023.
The logic: Joshua Stewart (assistant professor at the Marine Mammal Institute) stated that “With less ice, you get less algae, which is worse for the Gray Whale prey”…”When there are sudden declines in the quality of prey, the population of gray whales is significantly affected.”