Relevant and even prescient commentary on news, politics and the economy.

SPR and Distillates Low, Global Oil Surplus in April, Natural Gas Rigs High

RJS: Focus on Fracking Summary: Strategic Petroleum Reserve at a 21 year low, distillates supplies at a 17 year low; 300,000 bpd global oil surplus in April, despite loss of 1.2 million bpd from Russia & Kazakhstan; natural gas rigs at a 32 month high..   OPEC’s Report on Global Oil for April Thursday of […]

April’s consumer and producer prices; March wholesale sales

RJS, MarketWatch 666 Summary: Producer Prices Rose 0.5% in April; Record Annual Increase of 16.3% for Final Demand for Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.5% in April, as average prices for finished wholesale goods rose by 1.3% while final demand for services was unchanged . . . that increase followed […]

SPR at a 21-year low, Distillates at a 17 year low

RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 21-year low, distillates supply at a 17-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 May 6th indicated that after another drop in our oil exports, another oil withdrawal […]

Coronavirus dashboard for May 13: the virus will gradually become less lethal

Coronavirus dashboard for May 13: the virus will gradually become less lethal – because you can only die once, COVID-19 is still a pandemic and will gradually transition to an endemic. A year ago I thought that between nearly universal vaccinations and an increasing percentage of the population already infected, the virus would wane into […]

Weekly Indicators for May 9 – 13 at Seeking Alpha

 by New Deal democrat Weekly Indicators for May 9 – 13 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. One measure of how the Russia-Ukraine war has been “normalized” globally, is that industrial commodity prices have declined sharply – on the order of 25% – in the past two weeks, taking back […]

The Malthusianism of Benjamin Franklin and The Abortion Issue

The Malthusianism Of Benjamin Franklin And The Abortion Issue, Econospeak, Barkley Rosser Thomas Robert Malthus may well have been the least favorite economist of Karl Marx. Basically, Marx did not like him because he saw Malthus as blaming poverty on the poor themselves, their inevitable sinfulness that led them to constantly reproduce themselves excessively when […]

New jobless claims rise slightly, but continuing claims make another 50+ year low

New jobless claims rise slightly, but continuing claims make another 50+ year low, May 12, 2022  – by New Deal democrat Initial jobless claims rose 1,000 to 203,000, continuing above the recent 50+ year low of 166,000 set in March. The 4 week average also rose by 4,250 to 192,750, compared with the all-time low […]

Decreased Pricing for Container Shipping

Having run a warehouse for a major $12 billion automotive component corporation, I can relate to container shipping globally. We shipped full containers to a number of countries on a weekly and monthly basis. This was dependent upon production demand. Reporting good news, a trend, and extreme profits? Peak of container shipping’s epic boom already […]