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

“August Global oil shortage, 2.77 million barrels daily, OPEC Output falls short 684,000 barrels per day”

“Global oil shortage at 2.77 million barrels per day in August as OPEC, Output falls short of quota by 684,000 barrels per day,” Commenter and Blogger, RJS, Focus on Fracking OPEC’s Monthly Oil Market Report “The Latest US Oil Supply and Disposition Data from the EIA”  Monday of this week saw the release of OPEC’s September […]

CPI Rose .3% on Prices for Food, Energy, New Vehicles

CPI Rose 0.3% in August on Higher Prices for Food, Energy, New Vehicles, Furniture and Appliances; Commenter and Blogger RJS at MarketWatch 666 Organization for Economic Co-operation and Development, Consumer Price Index: All Items for the United States [USACPIALLMINMEI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USACPIALLMINMEI, September 19, 2021. The consumer price […]

Supplies of US crude at a 23 month low and gasoline at a 22 month low

“US crude supplies at a 23 month low, gasoline supplies at a 22 month low,” Focus on Fracking, Blogger and Commenter RJS The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending September 3rd indicated that after major decreases in our oilfield […]

Wholesale Sales Up 2.0%; and Inventories Up 0.6%

July’s Wholesale Sales Were Up 2.0%; Wholesale Inventories Were Up 0.6%, MarketWatch 666, RJS The July report on Wholesale Trade, Sales and Inventories (pdf) from the Census Bureau estimated that the seasonally adjusted value of wholesale sales was at $601.3 billion in July, up 2.0 percent (±0.4 percent) from the revised June level, and up 23.7 percent […]

August Producer Price Index Sets New YoY Record Increases

August Producer Price Index Sets New YoY Record Increases for Final Demand Goods, Final Demand Services, and a 46 year High for Prices of Intermediate Goods; MarketWatch 666, Commenter RJS The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.7% in August, as prices for finished wholesale goods rose 1.0% while margins of final services […]

Record High July Job Openings, June  Record Revised Higher

MarketWatch 666’s RJS: 5th record in a row; job openings have risen 62% so far this year . . . Here is the Fred graph. Despite record highs, hiring is down and layoffs are up . . . Something is clearly broken. July Job Openings at Record High after June Record Revised Higher; Hiring Down, Job Quitting  and  Layoffs  […]

Six hundred Louisiana Toxic Chemical Sites

I found this part of RJS’s report to be particularly interesting about the potential environmental risks in Louisiana resulting from a buildup of waste within the state. This has been accumulated over the years. There does not appear to be an effort to eliminate the waste and chemicals. ____________ Focus on Fracking: natural gas price […]

nat. gas prices at 33 MO high; crude supply at 23 MO low; Ida shuts down Gulf

Focus on Fracking: natural gas price at a 33 month high; US crude supplies at a 23 month low; Ida shuts down Gulf Blogger RJS, MarketWatch 666 Oil Prices Oil prices ended slightly higher this week as oil traders apparently judged that Hurricane Ida’s damage to oil production was greater than the storm’s damage to […]

Trade Deficit Fell 4.3% in July and 2nd Quarter Deficits Were Revised

Trade Deficit Fell 4.3% in July After 2nd Quarter Deficits Were Revised Lower, MarketWatch 666 blogger RJS Our trade deficit fell 4.3% in July as the value of our exports increased while the value of our imports decreased slightly….the Commerce Dept report on our international trade in goods and services for July indicated that our seasonally adjusted […]