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Unstoppable Oil Could Be Nail In Coffin For Stocks
Unstoppable Oil Could Be Nail In Coffin For Stocks Stock investors worried about inflation should pay close attention to the rising price of oil. It could be the final kick needed to derail the consumer-spending spree behind the U.S.’s surging growth. From groceries to housing materials to gasoline, life is getting expensive for the average […]
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected Brace for shock at the pump. WTI crude prices surged by over $2, rising more than 3% to $75.8/bbl… … the highest since 2018… … amid reports that ahead of the conclusion of today’s OPEC, JMMC and OPEC+ […]
“Unprecedented Event” – Pacific Northwest Set To Shatter Heat Records This Weekend
“Unprecedented Event” – Pacific Northwest Set To Shatter Heat Records This Weekend A “historic” heat wave is set to transform the U.S. Pacific Northwest into a furnace this weekend. It has the potential to shatter long-standing temperature records, according to Reuters. “This will be setting the stage for the beginning of a potential historic heat wave […]
Megadrought Could Force California’s Lake Oroville Hydroelectric Power Plant To Shut Down
Megadrought Could Force California’s Lake Oroville Hydroelectric Power Plant To Shut Down One of California’s most critical hydroelectric plants is at risk of closing for the first time in five decades as water levels continue to sink. A megadrought and scorching heat, both worsened by La Nina weather effects, have depleted some of the water […]
One Shocking Chart That Has Farmers Trembling With Fear
One Shocking Chart That Has Farmers Trembling With Fear Readers know by now that the Western US is facing one of the most severe droughts in years. We’ve documented (read here & here) this spring of a “megadrought” sweeping across states like California and Nevada as risks of a second Dust Bowl increase by the day. But in this note, […]
Fossil Fuels Aren’t Dying, They’re Shifting To National And State Backed Companies
Fossil Fuels Aren’t Dying, They’re Shifting To National And State Backed Companies Despite the activist shareholder battles, calls for ESG changes and just outright negative press about fossil fuels, it looks like rumors of oil’s death have been greatly exaggerated. Fossil fuels aren’t dying – rather, their output is just being shifted to national and state […]
PG&E Warns Of More Blackouts As California Wildfire Season Begins
PG&E Warns Of More Blackouts As California Wildfire Season Begins It has been an arid spring in California, and that’s causing alarm with Pacific Gas and Electric Co. executives who have said this week they will need more frequent power cuts to customers in Northern California to prevent wildfires. PG&E’s chief risk officer Sumeet Singh told WSJ that California’s […]
Core Consumer Prices Surge At Fastest Rate Since 1992
Core Consumer Prices Surge At Fastest Rate Since 1992 With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” […]
One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb”
One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb” As excerpted from “Inflation: The defining macro story of this decade” a must-read report written by Deutsche Bank’s global head of research, David Folkerts-Landau, co-authored by Peter Hooper and Jim Reid. Ronald Reagan (1978): “Inflation is as violent as a mugger, […]
The Colonial Pipeline Hack, The ‘Russians’, & The FBI’s Ransom-Grab – What Really Happened?
The Colonial Pipeline Hack, The ‘Russians’, & The FBI’s Ransom-Grab – What Really Happened? Speculation has been running rampant over today’s FBI press conference revealing the recovery of most of the ransom paid to “Russian” hackers by Colonial Pipeline. Ben THE Kaufman summarizes: Media: “The FBI hacked Bitcoin and can take anyone’s funds.” Reality: The pipeline hackers […]
Websites Come Back Online After Global Fastly Outage
Websites Come Back Online After Global Fastly Outage Update (0845ET): All of Fastly’s services appear operational, and the global CDN disruption has been resolved. Let’s hope so… * * * Update (0736ET): After an hour of websites and apps worldwide went dark, many are coming back online around 0730 ET. The core problem was an “issue” identified […]
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners”
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners” The day after Putin announced the completion of the first leg of the Russia-to-Germany natural gas pipeline Nord Stream 2, declaring that essentially Washington’s best efforts to halt it via an avalanche of sanctions have been defeated, Germany appears to have seconded his assessment. […]
Putin Charges US With Using Dollar To Wage “Economic & Political War”
Putin Charges US With Using Dollar To Wage “Economic & Political War” Yesterday Russia announced the dramatic news at its own ‘Davos-style’ economic forum in St. Petersburg which is running this week that it will dump the US dollar from its $186 billion National Wealth Fund. As we detailed previously it comes as Washington continues to tighten the sanctions screws on Moscow, […]
JBS Shutters All US Meat Plants As Cyber Attack Jeopardizes Food Supply
JBS Shutters All US Meat Plants As Cyber Attack Jeopardizes Food Supply Update (2002 ET): The USDA has released an important update about the Biden administration’s steps to mitigate potential supply constraints and price surges following JBS’ ransomware attack. As noted earlier today by the White House, USDA is aware of the ransomware attack against JBS, […]
