Economy
Rents reach ‘insane’ levels across US with no end in sight
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. And nowhere was the jump bigger than in the Miami metro area, where the median rent exploded to $2,850, 49.8% higher than the previous year.
Energy
Frackers Push Into Once-Dead Shale Patches as Oil Nears $100 a Barrel
Oil producers drill in less-desirable areas like Anadarko Basin of Oklahoma and DJ Basin of Colorado, where activity virtually stopped during pandemic.
Wary of Being Left in the Dark, Americans Produce Their Own Power
As the American electric grid becomes less dependable, a growing number of businesses and homeowners are buying their own power systems to protect themselves from being left in the dark.
EU sanctions package on Russia includes Nord Stream 2, Austria says
A package of sanctions prepared by the European Union in case Russia invades Ukraine includes measures targeting the Nord Stream 2 gas pipeline connecting Russia to Germany, Austrian Chancellor Karl Nehammer said on Monday.
Resilience
The Russian Fertilizer Export Ban is Going to Hit Your Wallet HARD
There is now a Russian fertilizer export ban through April 1in an attempt to tackle inflation, as well as to increase control over their own domestic crops.
The post Daily Digest 2/22 – Russian Fertilizer Ban Will Hurt; Rents are Insane; Frackers Push Once Dead Sites; Wary Americans Produce Own Power; EU Sanctions Pipeline appeared first on Peak Prosperity.
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