Semiconductor firms cut spending ($WSJ)
Europe hit by (temporary) gas glut ($BBG)
U.S. solar generation by homes and offices
EU explores options for gas price controls
Hydropower in a changing climate ($BBG)
U.S. FINANCIAL CONDITIONS have tightened as lenders adopt more conservative policies and higher prices for credit, risk and leverage. The Federal Reserve Bank of Chicago’s national financial conditions index has is in the 87th percentile for all months since 1990 up from the 24th percentile a year ago:

EUROPE’s gas futures prices have slumped for nearby delivery months as storage facilities near their maximum capacity but inventories continue to build rapidly. Calendar spreads from November through January have slumped into contango as storage is maxed out:



