Skanda Amarnath
@skandaamarnath.bsky.social
Executive Director of Employ America
Macro / Labor / Finance / Energy / Chart posting
Macro / Labor / Finance / Energy / Chart posting
Authors note that NJ needs to change the law on the preconditions for getting approval to build reactors.
Full report here:
inldigitallibrary.inl.gov/sites/STI/ST...
Full report here:
inldigitallibrary.inl.gov/sites/STI/ST...
June 1, 2025 at 3:55 PM
Authors note that NJ needs to change the law on the preconditions for getting approval to build reactors.
Full report here:
inldigitallibrary.inl.gov/sites/STI/ST...
Full report here:
inldigitallibrary.inl.gov/sites/STI/ST...
Anyone in NJ doing the research and advocacy work for trying to deploy AP1000s at Salem / Hope Creek?
Nuclear has bipartisan support (federal & state) but the gubernatorial candidates (Democratic & Republican) have offered underwhelming solutions. Despite rising electric bills
Nuclear has bipartisan support (federal & state) but the gubernatorial candidates (Democratic & Republican) have offered underwhelming solutions. Despite rising electric bills
June 1, 2025 at 3:54 PM
Anyone in NJ doing the research and advocacy work for trying to deploy AP1000s at Salem / Hope Creek?
Nuclear has bipartisan support (federal & state) but the gubernatorial candidates (Democratic & Republican) have offered underwhelming solutions. Despite rising electric bills
Nuclear has bipartisan support (federal & state) but the gubernatorial candidates (Democratic & Republican) have offered underwhelming solutions. Despite rising electric bills
Knicks up over 25 in a close out Game 6 vs Boston may not be safe?
May 17, 2025 at 1:34 AM
Knicks up over 25 in a close out Game 6 vs Boston may not be safe?
Every "serious person" in Congress wants America to lead the AI race and embraces the role of LNG exports
But both dynamics pull up on Nat Gas prices (2x'd from Sep24 to Mar25)
The solution is diversification. Cutting the IRA is an obvious own goal
But both dynamics pull up on Nat Gas prices (2x'd from Sep24 to Mar25)
The solution is diversification. Cutting the IRA is an obvious own goal
May 4, 2025 at 5:09 PM
Every "serious person" in Congress wants America to lead the AI race and embraces the role of LNG exports
But both dynamics pull up on Nat Gas prices (2x'd from Sep24 to Mar25)
The solution is diversification. Cutting the IRA is an obvious own goal
But both dynamics pull up on Nat Gas prices (2x'd from Sep24 to Mar25)
The solution is diversification. Cutting the IRA is an obvious own goal
There's an opportunity to embrace a more constructive policy mix that aims to steward industry, instead of putting it through needless turbulence.
We can preserve & augment the capabilities tied to hydrocarbon production while still diversifying energy sources & decarbonizing
We can preserve & augment the capabilities tied to hydrocarbon production while still diversifying energy sources & decarbonizing
May 4, 2025 at 5:09 PM
There's an opportunity to embrace a more constructive policy mix that aims to steward industry, instead of putting it through needless turbulence.
We can preserve & augment the capabilities tied to hydrocarbon production while still diversifying energy sources & decarbonizing
We can preserve & augment the capabilities tied to hydrocarbon production while still diversifying energy sources & decarbonizing
There's a thicket of bad priors that took over among Dems the past 10-15yrs.
As if undermining o&g supply any and every way will catalyze decarbonization (pipeline blocking, fracking ban, keep it in the ground, LNG Export Ban)
Bad priors, bad policy.
As if undermining o&g supply any and every way will catalyze decarbonization (pipeline blocking, fracking ban, keep it in the ground, LNG Export Ban)
Bad priors, bad policy.
May 4, 2025 at 5:08 PM
There's a thicket of bad priors that took over among Dems the past 10-15yrs.
As if undermining o&g supply any and every way will catalyze decarbonization (pipeline blocking, fracking ban, keep it in the ground, LNG Export Ban)
Bad priors, bad policy.
As if undermining o&g supply any and every way will catalyze decarbonization (pipeline blocking, fracking ban, keep it in the ground, LNG Export Ban)
Bad priors, bad policy.
US oil & gas industry is brutally competitive. Involves high levels of financial & engineering complexity
We shouldn't take the technological and energy security benefits for granted
At a moment of WH recklessness, Dems could show greater care for US industry's strategic value
We shouldn't take the technological and energy security benefits for granted
At a moment of WH recklessness, Dems could show greater care for US industry's strategic value
May 4, 2025 at 5:07 PM
US oil & gas industry is brutally competitive. Involves high levels of financial & engineering complexity
We shouldn't take the technological and energy security benefits for granted
At a moment of WH recklessness, Dems could show greater care for US industry's strategic value
We shouldn't take the technological and energy security benefits for granted
At a moment of WH recklessness, Dems could show greater care for US industry's strategic value
Everyone knows the partisan sympathies of US industry. Yet the WH has gone out of its way to undermine US oil & gas and the energy industry more generally.
Lobbying OPEC from Day 1 to raise production & lower prices. Calling for $50 oil.
Farcical view of "energy dominance"
Lobbying OPEC from Day 1 to raise production & lower prices. Calling for $50 oil.
Farcical view of "energy dominance"
May 4, 2025 at 5:01 PM
Everyone knows the partisan sympathies of US industry. Yet the WH has gone out of its way to undermine US oil & gas and the energy industry more generally.
Lobbying OPEC from Day 1 to raise production & lower prices. Calling for $50 oil.
Farcical view of "energy dominance"
Lobbying OPEC from Day 1 to raise production & lower prices. Calling for $50 oil.
Farcical view of "energy dominance"
Check out @arnabdatta.bsky.social in the NYT!
Democrats Have Been at War With Oil for Too Long
We saw this when pushing for supporting production w/ SPR. But such ignorance isn't exclusive to the left
Lobbying for an OPEC glut? Higher steel & 🇨🇦 crude tariffs? 🙃
www.nytimes.com/2025/05/04/o...
Democrats Have Been at War With Oil for Too Long
We saw this when pushing for supporting production w/ SPR. But such ignorance isn't exclusive to the left
Lobbying for an OPEC glut? Higher steel & 🇨🇦 crude tariffs? 🙃
www.nytimes.com/2025/05/04/o...
May 4, 2025 at 5:01 PM
Check out @arnabdatta.bsky.social in the NYT!
Democrats Have Been at War With Oil for Too Long
We saw this when pushing for supporting production w/ SPR. But such ignorance isn't exclusive to the left
Lobbying for an OPEC glut? Higher steel & 🇨🇦 crude tariffs? 🙃
www.nytimes.com/2025/05/04/o...
Democrats Have Been at War With Oil for Too Long
We saw this when pushing for supporting production w/ SPR. But such ignorance isn't exclusive to the left
Lobbying for an OPEC glut? Higher steel & 🇨🇦 crude tariffs? 🙃
www.nytimes.com/2025/05/04/o...
"We had a good thing you stupid son of a bitch, we had Russia preoccupied, we had OPEC cuts, we had everything we needed and it all ran like clockwork. You could have shut your mouth, let us drill, and made as much money as you needed, but you just had to blow it up, you and your pride and your ego"
March 10, 2025 at 11:33 PM
"We had a good thing you stupid son of a bitch, we had Russia preoccupied, we had OPEC cuts, we had everything we needed and it all ran like clockwork. You could have shut your mouth, let us drill, and made as much money as you needed, but you just had to blow it up, you and your pride and your ego"
On a longer lookback, nat gas price spikes are closer to norm than exception
2010s the anomaly: shale drove abundance while LNG was still immature. As LNG export capacity ramps, expect more volatility.
Good policy should aim for stabilizing and diversifying the supply side
2010s the anomaly: shale drove abundance while LNG was still immature. As LNG export capacity ramps, expect more volatility.
Good policy should aim for stabilizing and diversifying the supply side
March 10, 2025 at 6:56 PM
On a longer lookback, nat gas price spikes are closer to norm than exception
2010s the anomaly: shale drove abundance while LNG was still immature. As LNG export capacity ramps, expect more volatility.
Good policy should aim for stabilizing and diversifying the supply side
2010s the anomaly: shale drove abundance while LNG was still immature. As LNG export capacity ramps, expect more volatility.
Good policy should aim for stabilizing and diversifying the supply side
While lots of talk about tariffs and recession risk now, this is the most underrated story in macro now:
Henry Hub Natural Gas prices have moved from $2.67 on election day all the way past $4.50.
That will matter for utility bills. And it will matter for the AI boom and the future of the IRA
Henry Hub Natural Gas prices have moved from $2.67 on election day all the way past $4.50.
That will matter for utility bills. And it will matter for the AI boom and the future of the IRA
March 10, 2025 at 5:22 PM
While lots of talk about tariffs and recession risk now, this is the most underrated story in macro now:
Henry Hub Natural Gas prices have moved from $2.67 on election day all the way past $4.50.
That will matter for utility bills. And it will matter for the AI boom and the future of the IRA
Henry Hub Natural Gas prices have moved from $2.67 on election day all the way past $4.50.
That will matter for utility bills. And it will matter for the AI boom and the future of the IRA
The Plan? We lower interest rates by trying to cause a recession
March 10, 2025 at 2:06 PM
The Plan? We lower interest rates by trying to cause a recession
Ironic albeit unsurprising: the admin’s eagerness to reconcile and align with Russia has been a major boon for share prices of european banks (many of which were hit hard by sanctions and have…interesting clients)
Not so great for American oil & gas E&Ps’ share prices
Not so great for American oil & gas E&Ps’ share prices
March 1, 2025 at 7:39 PM
Ironic albeit unsurprising: the admin’s eagerness to reconcile and align with Russia has been a major boon for share prices of european banks (many of which were hit hard by sanctions and have…interesting clients)
Not so great for American oil & gas E&Ps’ share prices
Not so great for American oil & gas E&Ps’ share prices
So correlations are doing this now huh
February 28, 2025 at 4:25 AM
So correlations are doing this now huh
Can imagine some things shaking out inflation dynamics in the coming months but for the time being inflation looks to be headed toward 2% as lags and quirks fall out of the 12-month window.
Lags in housing and wages + stock market outperformance account for 45 of the remaining 55bp overshoot
Lags in housing and wages + stock market outperformance account for 45 of the remaining 55bp overshoot
February 13, 2025 at 6:11 PM
Can imagine some things shaking out inflation dynamics in the coming months but for the time being inflation looks to be headed toward 2% as lags and quirks fall out of the 12-month window.
Lags in housing and wages + stock market outperformance account for 45 of the remaining 55bp overshoot
Lags in housing and wages + stock market outperformance account for 45 of the remaining 55bp overshoot
We saw a notable pop in the number of prime-age workers reporting full-time employment in January.
It's a volatile series but nice to see it match the highs of this expansion and exceed pre-pandemic conditions
It's a volatile series but nice to see it match the highs of this expansion and exceed pre-pandemic conditions
February 7, 2025 at 7:01 PM
We saw a notable pop in the number of prime-age workers reporting full-time employment in January.
It's a volatile series but nice to see it match the highs of this expansion and exceed pre-pandemic conditions
It's a volatile series but nice to see it match the highs of this expansion and exceed pre-pandemic conditions
While there are some concerns that may emerge later this year, the household survey of this jobs report looks like a solid one.
Unemployment fell to 4%, and more importantly, employment rates moved higher for prime age workers.
Age-adjusted employment rates remain higher than before the pandemic
Unemployment fell to 4%, and more importantly, employment rates moved higher for prime age workers.
Age-adjusted employment rates remain higher than before the pandemic
February 7, 2025 at 7:01 PM
While there are some concerns that may emerge later this year, the household survey of this jobs report looks like a solid one.
Unemployment fell to 4%, and more importantly, employment rates moved higher for prime age workers.
Age-adjusted employment rates remain higher than before the pandemic
Unemployment fell to 4%, and more importantly, employment rates moved higher for prime age workers.
Age-adjusted employment rates remain higher than before the pandemic
It's hardly a death knell for cyclical job growth to be only mildly positive but it's a dynamic worth monitoring through this year.
Construction employment is the main cyclical sector that's managed to hold up.
Construction employment is the main cyclical sector that's managed to hold up.
February 7, 2025 at 7:00 PM
It's hardly a death knell for cyclical job growth to be only mildly positive but it's a dynamic worth monitoring through this year.
Construction employment is the main cyclical sector that's managed to hold up.
Construction employment is the main cyclical sector that's managed to hold up.
The main source of concern today is that cyclical sectors keep underperforming and acyclical sector job growth has limited upside & more downside
Education, health, state & local govt, and leisure & hospitality are now playing a dominant role in job growth
Education, health, state & local govt, and leisure & hospitality are now playing a dominant role in job growth
February 7, 2025 at 7:00 PM
The main source of concern today is that cyclical sectors keep underperforming and acyclical sector job growth has limited upside & more downside
Education, health, state & local govt, and leisure & hospitality are now playing a dominant role in job growth
Education, health, state & local govt, and leisure & hospitality are now playing a dominant role in job growth
Assessments of gross labor income growth from the establishment survey have to be marked down from 5% to ~ 4.7%.
On the higher end of the growth rates we saw before the pandemic but hardly out of the ordinary either
On the higher end of the growth rates we saw before the pandemic but hardly out of the ordinary either
February 7, 2025 at 6:59 PM
Assessments of gross labor income growth from the establishment survey have to be marked down from 5% to ~ 4.7%.
On the higher end of the growth rates we saw before the pandemic but hardly out of the ordinary either
On the higher end of the growth rates we saw before the pandemic but hardly out of the ordinary either
Trends in total hours worked continue to show slowing. ~ 0.5% annualized growth over the last two quarters.
With the downside revisions to employment and hours in this benchmark revision, productivity estimates are likely to be revised up in March.
With the downside revisions to employment and hours in this benchmark revision, productivity estimates are likely to be revised up in March.
February 7, 2025 at 6:59 PM
Trends in total hours worked continue to show slowing. ~ 0.5% annualized growth over the last two quarters.
With the downside revisions to employment and hours in this benchmark revision, productivity estimates are likely to be revised up in March.
With the downside revisions to employment and hours in this benchmark revision, productivity estimates are likely to be revised up in March.