Some of the latest oil news from Oil Price, March 6, 2027 March 6. 2026: Brent tops $90 as the Strait of Hormuz closure halts Gulf oil flows and Iraq and Kuwait begin cutting output, fueling fears of a sharper price surge. “Oil Prices Hit $90 as Middle East Tensions Escalate,” Julianne Geiger, OIl Price, […]
February jobs report: Main Street lays an egg – by New Deal democrat I described last month as “the month the birds came home to roost. . . . In particular, the *entire* gains over the past year were reduced from 584,000 to 181,000 – an average of only 15,000 jobs gained per month.” Well, this […]
Partial of a much long commentary. Interesting take by what the Fed is doing. by “Global Glass Onion” who I have known for many years. We have lost contact mostly due to me. Hope he does not mind my pirating a partial on the Fed. Good read. ~~~~~~~ Reality is only those delusions that we […]
AB: In the past attacks in the Middle East did result in oil and gasoline shortages., I expect the same to happen. Also expect higher oil prices even if no damage is done to wells or refining. Increases will occur in the oil market. Discussing Iran and diplomacy in the SOTU before he orders bombing […]
– by New Deal democrat Let’s take our weekly look at jobless claims. As a reminder, I pay attention to these because they are a good short leading barometer of the economy in general, and the jobs market in particular. And the news this week continued to reflect the “new regime” of lower YoY claims […]
Taken from TPM as written by Josh Marshall about the Strait of Hormuz. If you are not aware, the strait is a short cut to the oil fields beyond it. If it is closed, shipping will not be able to transport oil. This will add additional costs of fuel. Pipelines will not make up the […]
Increasing the takings by influencing the public and policy or economic conditions. The money from a takings a business or speculator gets from selling goods or services during a particular period. Is there really a shortage so soon? Oil and gasoline industry are a bunch of pirates, Taken from “Gas prices climb in U.S., Southwest […]
I have listened (tolerantly) to our Pres, pontificating, taking up large sums of my time. It really is a waste of time. The truth of his accomplishments are in the numbers and not in what he claims. A couple of phrases which turn up most of the time when he is jabber-jawing to the nation […]
– by New Deal democrat If Monday’s ISM manufacturing report was good (but with a dose of inflation), today’s ISM services report for February was even better (but also with a dose of inflation). Together they negative the likelihood of an economic downturn in the next several months (geopolitical idiocy aside). Let’s take a look. […]
“War Is Expensive for the Little People” – Paul Krugman March 3, 2026 On Sunday, according to the U.S. military, Kuwaiti forces shot down three U.S. F-15s in a “friendly fire” incident. Fortunately, the crews were able to safely eject and survived. The sad truth is that such incidents are common in modern war. One of the […]