The Angry Bear

The good folks over at the National Weather Service have posted that La Nina, the ENSO negative Pacific Ocean pattern is here to stay for a threepeat. What this typically means for us in the US is that we are looking at drought. More drought. From the Texas South to the Dakota’s. This also means more rainfall in northern spots, flooding in the Ohio River Valley, much like we saw in Tennessee last year, and an uptick in hurricane activity coming...

RJS, Focus on Fracking, The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending March 4th indicated that even after a big drop in our oil exports and an increase in our oil imports, we had to pull oil out of our stored commercial crude supplies for the eleventh time in 15 weeks and for the 27th time in the past forty-one weeks because of a big increase in demand that...

The Iran Nuclear Deal And The Ukraine Invasion  At New Year’s I disagreed with forecasts made by David Ignatius that Putin would fully invade Ukraine and that the JCPOA nuclear deal with Iran would be revived. I have been proven wrong on the first matter already. As of a week or more ago, it looked like I would be about the second as well as reports had a revived deal nearly made, which I would like to see. But now it looks like it may fall...

A Footnote to IT WAS BEDLAM! Lewis Corey was a pseudonym for Louis Fraida, one of the founders of the U.S. Communist Party. In a letter to Marcuse dated August 16, 1960, Raya Dunayevskaya replied at length to his request for references to the American literature dealing with the issues of “the transformation of the laboring class under the impact of rationalization, automation and particularly, the higher standard of living.” This was in...

Coming fresh off of featuring Kip Sullivan’s “Single Payer Health Care Financing Presentation – Three Part Series,” also “Continuing the Conversation concerning Medicare and Medicare Advantage Part 1 and Part 2.” and Kip Sullivan and Ralph Nader Talk Tradition Medicare vs Medicare Advantage; I came across this article by Suzanne Gordon concerning Veteran healthcare and its facilities. Suzanne advocates for veterans and the VA along with Phillip...

Coronavirus dashboard for March 8: Omicron looks like it has burned through all of the “dry tinder,” leaving perhaps only 10% of the US population still fully vulnerable to infection Back in autumn when Delta was raging, I thought that, once it burned through all of the “dry tinder,” so many unvaccinated people would have been infected that cases would dwindle due to there being so few unvaccinated and uninfected people left. Well, it appears...

RJS, Focus on Fracking, Largest one-week price jump on record leaves oil prices at a 13½ year high Oil prices increased for the tenth time in eleven weeks this week, and finished at a 13 1/2 year high, after a combination of sanctions, the threat of sanctions, and threats to shipping in the Black Sea had taken more than half of Russian oil off the market . . . after ending last week up 1.5% at $91.59 a barrel after earlier hitting $100 with the...

I have not commented on Ukraine because I am horrified and have nothing special to say.  I would like to think the international community can find an “off ramp” for Putin, but I am pessimistic.  I believe the Russians will slowly improve their logistical position, and in any event that the most likely outcome is that the Russian army pulverizes Ukraine with overwhelming force.  I so very much hope I am wrong. On the domestic front . . ....

IT WAS BEDLAM!  From The Decline of American Capitalism by Lewis Corey (1934): Capitalist production saves on labor and multiplies the productive forces. But two contradictions arise which constantly torment capitalist enterprise. Saving on labor decreases relative wages and limits the conditions of consumption. This sets in motion the forces of excess capacity, sharpened competition, and mounting distribution costs. These costs absorb much, if...