U.S. Treasury yields from two to 30-years surged to new cycle highs on Friday as futures markets priced the Federal Reserve’s peak ‘terminal rate’ next year at over 5% for the first time. With the Fed entering a silent period from next week ahead of its November policy meeting, the hawkish message was unchanged from …
Continue reading “Next crises soaring interest rates US debt payments Costs crushing economy”
Britain will have a new prime minister by next Friday as Liz Truss announced her resignation after just 44 days in office. Ms Truss, who will become Britain’s shortest-serving prime minister ever, said the “situation” no longer allowed her to command the confidence of her Conservative MPs. Her speech came after a chaotic six weeks …
Continue reading “British PM Liz Truss resigns…. good riddance.”
WASHINGTON — President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve (NB: This is oil they already committed to see…. its not more oil) as his administration scrambles to rein in high gas prices before the midterm elections. Speaking at the White House, Biden …
U.S. crude oil inventories fell by more than expected last week, according to the Energy Information Administration (EIA). Crude oil inventories dropped by 1.725 million barrels, against expectations for a build of 1.38 million barrels, the EIA reported. The crude stockpile build came on the back of a drawdown of 3.6 million barrels from the …
Continue reading “US crude inventories down by 1.7 million barrels – EIA”
While the OPEC+ agreement to cut crude oil production and the U.S. reaction to it dominate headlines, a much more immediate crisis is getting worse by the day. Global diesel and other distillate fuel stocks have been on the decline for a while now, and there is no reversal of this trend in sight. Demand, …
Continue reading “Heating Oil/Diesel Crisis Deepens As Inventories Fall To Dangerous Levels”
After a relentless four-week climb, U.S. national average gas prices have declined, falling 5.4 cents from a week ago to $3.86 per gallon on Monday. Still, the national average is still 20.6 cents higher from a month ago and a good 56.6 cents per gallon higher than a year ago. But while prices at the …
Continue reading “Gasoline Prices See Abrupt Decline As U.S. Diesel Prices Continue To Rise”
https://youtu.be/w-YRhUBgHZk White House ‘plans to release another 15 MILLION barrels of oil’ from the US’s emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices right before midterm President Biden is planning to release up to 15 million barrels of oil from the United States’ emergency oil reserves …
PM Truss has set back the women’s movement.. What a fucking IDIOT! Soon she will be history British electricity and gas utility company National Grid PLC warned on Monday about potential blackouts the public might face between 4:00 pm and 7:00 pm on “really, really cold” days in January and February if the country fails …
Don’t expect US shale producers to ride to the rescue as the world clamors for more oil, according to Energy Aspects. Oil output from shale basins is at risk of peaking in just two years as drillers combat rising costs, analysts including Amrita Sen wrote in a note to clients dated Tuesday. Rampant inflation is …
Continue reading “Shale Output at Risk of Peaking in 2024, Energy Aspects Says”
The JPMorgan chief executive officer said of the largest US bank said his “gut” tells him that the Fed funds rate will probably have to rise higher than the 4% to 4.5% level many economists are predicting, as inflation persists. Dimon said he has “total faith and trust” in Fed Chair Jay Powell, and that …
Continue reading “Jamie Dimon Says Oil And Gas Is The Only Way To Protect America”