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...
Read More »VA health care system treats vets better than private facilities
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...
Read More »Ukrainian oil and American sacrifice
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 . . ....
Read More »January 2022, Monthly Construction Spend
RJS, MarketWatch 666; January’s construction spending As usual, I estimate the impact of revisions to prior months on 4th quarter GDP, and the impact of the January report on 1st quarter GDP… Construction Spending Up 1.3% on Higher Costs in January after December and November Spending Was Revised Higher The Census Bureau’s report on January construction spending (pdf) estimated January’s seasonally adjusted construction spending would...
Read More »The Blindfolded Scaffolding Begins to Unfold
The Blindfolded Scaffolding Begins to Unfold We sense too little for the process of containment to unfold. Yet phenomenologists focus on early representations from the scaffolding for subsequent events in front of the now not-blindfolded infants. Infants looked at longer aspects of the psychoanalytic scaffolding: how reverie can be and is being a weird kind of blindfold. Since our dynamical, reciprocal exchanges unfold and lead to changes —...
Read More »Whilst We Wait
Vladimir who daren’t dismount III. Estragon is french for sunflower. How in the hell, Samuel? These days, fossils are paying good money for carbon capture stories. More for the hacks. Lord knows we’ve them aplenty. The €13 billion-plus overruns Nord Stream in a time of global warming was silly. The commitment to fossils, sillier. Being dependent on Russia, was stupid. Nord Stream II was doubling down on silly and stupid. Enough Carpe Diem. Too...
Read More »Kosher, a Word With Two Meanings
There is the forbidden, there is the given, the meek, and the powerful, sustenance all the same. Biblically, the laws of kashrut were rather explicit, has scales, no kids in mothers’ milk, cloven hooves, well, there is a debate. How does it eat? The kosher laws were crafted initially as a code of conduct not for morality as we see it now, but about purity, cleanliness, safety. Keeping us alive. Little was known almost 6,000 years ago about...
Read More »Death by Sharpened Pencil
As winter has begun to subside (finally) the real flurry of activity has to happen in short time, as in an every ray of sunshine has to be captured kind of thrust into the growing season. This is also the poorest time you will see farmers as they dump their entire wealth into yet another growing season. I can confirm; we’ve been running for a week straight and have committed the kids toothfairy money to compost, with no end in sight. My son will...
Read More »4th Qtr GDP Revised, Growth at 7.0% – Unprecedented Revisions to Component Deflators
RJS, MarketWatch 666 Here I (run75441) am being lectured by the author, RJS. “last week you asked me to write something explaining how & why the GDP deflators were revised. So I did, expanding the paragraph I was going to write on it to six, and included it as an addendum to my usual reporting on the GDP revision at Marketwatch 666, however, three days after I sent it to you, it’s still not up on AB. I think it’s important, and that it...
Read More »Oil tops $100 . . . first time since July 2014
Oil tops $100 for first time since July 2014; SPR at a 19-year low; total oil + product supply at a 7 3/4-year low RJS, Focus on Fracking US oil price tops $100 for first time since July 2014; SPR at a new 19 year low; total oil + products supplies, including SPR, at a 7 3/4 year low; distillate supplies at 26 month low; natural gas drilling at a 26 month high You already have the petroleum status report part of this posted (ie, “EIA, Latest...
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