Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business As of Monday, gasoline cost $4.491 per gallon, per the US Energy Information Administration.Johner Images/Getty Images A logging business in North Carolina is shutting down over accelerating inflation and soaring gas prices. “I haven’t talked to a logger in the […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year. All over the planet, food production is being crippled by […]
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies US retail gasoline prices soared to another record on Monday as global refineries struggled with adding new capacity ahead of the driving season. Before diving into Goldman Sachs’ new commodity note explaining how global refining will be tight for the foreseeable future, last week, […]
Thomas Murphy: “Physics and Planetary Ambitions”
Thomas Murphy: “Physics and Planetary Ambitions”
Deforestation and world population sustainability: a quantitative analysis
Deforestation and world population sustainability: a quantitative analysis Abstract In this paper we afford a quantitative analysis of the sustainability of current world population growth in relation to the parallel deforestation process adopting a statistical point of view. We consider a simplified model based on a stochastic growth process driven by a continuous time random […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
If you thought the Coinbase bankruptcy disclosures were bad…
If you thought the Coinbase bankruptcy disclosures were bad… Just wait ’til you see your government’s bail-in rules One of the subplots that made for a bad week in crypto included a largely manufactured crisis around “The Coinbase bankruptcy disclosure”. After posting an earnings miss, the next shoe to drop was the discovery in the […]
European Natural Gas Prices To Triple In “Perfect Storm”
European Natural Gas Prices To Triple In “Perfect Storm” A top commodity research firm in Norway warns a “perfect storm” is brewing as European energy security worsens following Russia’s invasion of Ukraine, which could result in the tripling of natural gas prices. “There simply is not enough LNG around to meet demand. In the short term, […]
Texas Power Grid Warns Of Record Demand Amid Back-To-Back Triple-Digit Heatwaves
Texas Power Grid Warns Of Record Demand Amid Back-To-Back Triple-Digit Heatwaves An early summer heatwave pattern continues to boil parts of the Central and Southern Plains. This means parts of Texas will continue to roast with temperatures forecasted to reach triple digits next week. The Electric Reliability Council of Texas (ERCOT), the state’s power grid […]
Food Riots In Sri Lanka Turn Deadly As Protesters Beat Up Police, Burn Down Politicians’ Houses
Food Riots In Sri Lanka Turn Deadly As Protesters Beat Up Police, Burn Down Politicians’ Houses Two months ago, we noted the first Arab Spring 2.0 incident when, as a result of soaring food, energy (and everything else) prices, thousands of angry Iraqis took to the street to protest. Needless to say, their complaints did not get much […]
The Biggest Crash In History Is Coming? Kiyosaki Says So.
The Biggest Crash In History Is Coming? Kiyosaki Says So. Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will […]
Our Impending Impasse and Sid Smith’s New Series
Our Impending Impasse and Sid Smith’s New Series Keowee Toxaway State Park, South Carolina I have a backlog of articles I have started but haven’t yet finished, so I’m starting with this one which has to do with our impending impasse. I think William Catton, Jr. worded that very well. It actually comes from his […]
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
