Sizing Up Heating Fuel Supplies Ahead of Winter

It’s only August, but it’s not too early to check in on the supply of the heating oil, propane and natural gas that that will start warming homes and businesses in a few short months. Especially since consumers could face notably higher heating costs this coming winter than what they have paid recently.

Like every other product, the price of heating fuel is determined by supply and demand. Demand, of course, depends on the weather, and thus can swing wildly from one winter to the next. Supply, on the other hand, is easy to gauge now. Continue reading “Sizing Up Heating Fuel Supplies Ahead of Winter”

Conflict Still Unlikely in North Korea Nuclear Standoff

Don’t panic yet: The U.S. is not on the brink of war with North Korea, even after a heated exchange between the two countries that culminated with Pyongyang threatening to put Guam, a strategically important U.S. territory that hosts several American military bases, in the crosshairs.

Heated exchanges are routine in U.S.-North Korean relations. Pyongyang regularly threatens to turn Seoul, the capital of South Korea, into a “sea of fire.” This time, the stakes are higher — as are the tensions between Washington and Pyongyang — but the old rule of thumb still holds: Kim Jong-un knows that any needless military provocation could result in the destruction of his regime, which means he’s unlikely to take such a drastic step.

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Who Profits from Cord Cutting?

There’s no end in sight to paid TV customers joining the cord cutters in droves. The media business, reeling from the upheaval, is racing to adjust to this swift disruption that is rerouting billions of dollars in advertising, subscriptions and programming fees from traditional TV firms to tech giants and others.

A new set of winners is likely to emerge in the aftermath of the shake-up as incumbents try to ward off rising startups and tech behemoths. Count on even more turmoil over the next five to 10 years as new technology emerges, from virtual reality to next-generation 5G wireless, that further upends the way people consume media.

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North Korea Puts New York in Range

North Korea made another major leap forward in its nuclear program over the weekend, successfully launching a new missile that experts say puts most major U.S. cities, from Los Angeles to New York, in range.

Like most of the Hermit Kingdom’s recent breakthroughs, this one came sooner than expected. North Korea still has several additional steps to master before it officially has the ability to conduct a nuclear attack on the U.S. But American intelligence officials now think North Korea will be able to field a nuclear-capable intercontinental ballistic missile as soon as next year. Just a few months ago, the consensus estimate was somewhere between five and ten years. 

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