RJS Summary; Global oil surplus at 710,000 barrels per day in March despite OPEC’s 821,000 barrel per day production shortfall OPEC’s Report on Global Oil for March Tuesday of the past week saw the release of OPEC’s April Oil Market Report, which includes details on OPEC & global oil data for March, and hence it gives us […]
RJS, MarketWatch 666 Summary: Producer Prices Rose 1.4% in March, Annual Increase at 11.2%, with Goods Up 15.7%, Services Up 8.7%, All Record Highs The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.4% in March, as average prices for finished wholesale goods rose by 2.3% and final demand for services rose 0.9% . . […]
Coming from a different source of information . . . Employ America emphasizes a rapid recovery in 2020 as measured from a pre-recession peak till now. If you recall the 2008 recovery after Wall Street and banks were faltering was by far longer. In this case, we are looking at a Covid inspired period of […]
Why Less Oil Production and Higher Gasoline Prices? I mean the obvious answer is Demand is outstripping Supply. Oil companies and refineries are not the charitable type either. No oil/natural gas pipeline would have helped either. Digby had the answer up on Hullabaloo (15th) which I read first so credit goes there first. Digby did […]
“Because, that is just the way it is,” we are told. The ‘way it is’, for sure, but that doesn’t mean that it is how it should be. Or, we hear, “Because, that is the way it has always been.” It’s too late to change the ‘always has been’ part, but just because we have […]
The same as turning Medicare over to commercial healthcare, having a nine-member panel and a critic of the VA in charge does not bode well for Veteran Healthcare. Denis McDonough is not a veteran and it is hard to imagine how he would relate to many of us. Senators Joe Manchin and Michael Rounds penned […]
On February 11, 2022, Faye Flam published an opinion piece in Bloomberg titled “Mask Mandates Didn’t Make Much of a Difference Anyway.” The subhead was “The policies clearly didn’t stop omicron. Let’s focus on tactics that have worked better.” The headline is somewhat misleading. Flam acknowledges that masks may be beneficial, especially high-quality masks, and […]
RJS, Focus on Fracking; Summary; Strategic Petroleum Reserve at a 20-year low; US distillates exports at a 45 month high leaves domestic supplies at an 8 year low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending April 8th indicated that after a near record […]
This comes by way of New Deal Democrat who was doing some research and ran across a not so recent Krugman article via the late Economist’s View blog. Krugman’s prescient words of things to come? Hat tip to New Deal democrat and a thank you for sending this to me. “The Great Illusion” Paul Krugman, […]
Tough Guy, senator Mitch McConnell making political hay over President Joe Biden extending a student loan moratorium for a few more months. The mistake Joe is making or has made is not deciding what to do. It is getting late in the game of politics. If your mind is tired of all these politics, you […]