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Blackouts Loom in California as Electricity Prices Are ‘Absolutely Exploding’
Blackouts Loom in California as Electricity Prices Are ‘Absolutely Exploding’ Two inexorable energy trends are underway in California: soaring electricity prices and ever-worsening reliability – and both trends bode ill for the state’s low- and middle-income consumers. Last week, the state’s grid operator, the California Independent System Operator, issued a “flex alert” that asked the state’s consumers to reduce […]
Biden’s Crime Against the Economy
Biden’s Crime Against the Economy I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can’t avoid it because political policies can have significant economic impacts. Today is one of those times. One of Joe Biden’s first acts as President was to kill construction of the Keystone […]
Transitory Inflation Takes Hold of the Economy – How Long Will It Last?
Transitory Inflation Takes Hold of the Economy – How Long Will It Last? Cherry blossoms symbolize the fleeting nature of all things. Photo by Haoshuang Lou Just a couple of weeks ago, Bloomberg reported that Federal Reserve Chairman Jerome Powell sold investors on the idea that rising inflation wasn’t going to last. Officially, as of May 2021, inflation had risen […]
The Next 6 Months: What To Expect
The Next 6 Months: What To Expect The price of corn is up thirty-two percent in the first quarter of this year. Beef is up seventeen percent. The price of chicken is up twenty-five percent in just the last two months. You have probably noticed the price of gasoline up forty-one percent as well. Still, […]
BC Spends More Subsidizing Fossil Fuels Than on Fighting Climate Change: Report
BC Spends More Subsidizing Fossil Fuels Than on Fighting Climate Change: Report Government says its upcoming royalty review will ensure ‘a fair return on our resources.’ Environmental organization DogwoodBC put up a billboard at the Vancouver intersection of Main Street and 2nd Avenue to raise awareness about BC’s fossil fuel subsidies and the upcoming provincial […]
The Real Russian Threat
The Real Russian Threat I’ve written for years about different nations’ persistent efforts to dethrone the U.S. dollar as the leading global reserve currency and the main medium of exchange. At the same time, I’ve said that such processes don’t happen overnight; instead, they happen slowly and incrementally over decades. The dollar displaced sterling as […]
BC Looks like an LNG Loser: Report
BC Looks like an LNG Loser: Report Prospects have been battered by global competition, volatility, delays and cost overruns. Facing a world of challenges: Artist’s rendition of the sole LNG project under construction in BC, the LNG Canada terminal in Kitimat. Image via Fluor. Once touted as an economic powerhouse, the liquified natural gas industry is […]
Oil Prices Set To Head Even Higher As Market Tightens
Oil Prices Set To Head Even Higher As Market Tightens Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market. The strengthening appetite for crude in Asia […]
Decade Of Chaos Could Send Oil To $130 Per Barrel
Decade Of Chaos Could Send Oil To $130 Per Barrel From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading group. And it will all depend on what peaks first: demand or investment in new production. “You could […]
Economic Evolution Turns Many Comparisons Obsolete
Economic Evolution Turns Many Comparisons Obsolete The financial system has entered uncharted waters and it would be wise to take nothing for granted. To assume the economy will move forward without a glitch in such an environment is extremely optimistic. With time, things change and evolve, this transformation can be seen in both society and […]
The Real Digital Plot
The Real Digital Plot The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, […]
Four Scenarios for a Catastrophic Future: Part III (final)
Four Scenarios for a Catastrophic Future: Part III (final) This is the third and final part of Rutilius Namatianus’ (RN) reassessment of some scenarios for the future originally proposed by David Holmgren. RN takes a position that goes against the standard interpretation that sees our problems originating mainly by climate change. Instead, RN believes that […]
How to Buffer the Fallout from America’s Third World Death Spiral
How to Buffer the Fallout from America’s Third World Death Spiral “What the hell?!” – President Joe Biden, June 16, 2021 Out of Control American workers are trying to make their way in an economy that’s rigged against them. We made this claim many years ago. Today, for fun and for free, we revisit this assertion…starting with the […]
Four Scenarios for a Catastrophic Future (part II)
Four Scenarios for a Catastrophic Future (part II) This is the second part of the series of posts by “Rutilius Namatianus” (RN) that re-examines the 4 scenarios of the future proposed by David Holmgren in 2009 (first part). In general, you may find that RN’s interpretations are rather extreme, but I do believe that there is some […]
