Tag Archives: RJS

RJS, MarketWatch 666 Retail Sales Rose 0.3 % in February After January’s Sales were Revised 1.0% Higher Seasonally adjusted retail sales increased 0.3% in February after retail sales for January were revised 1.0% higher . . . the Advance Retail Sales Report for February (above) from the Census Bureau estimated our seasonally adjusted retail and food services sales totaled $658.1 billion during the month, which was 0.3 percent (±0.5%)*...

RJS, Focus on Fracking; Oil prices went on another wild ride, but i’m going to copy what I wrote on the monthly OPEC report here. The oil surplus, albeit small, surprised me. If it was going to happen, it would be during the winter for most of the planet’s driving population. Note this is for February, before the Russian sh*t really hit the fan . . . February global oil surplus of 360,000 barrels per day is first in 13 months, despite OPEC...

RJS, Focus on Fracking, Commercial crude supply rise as SPR falls to 19½ year low, total oil + products supply at new 95 month low; exports of distillates at a 20-month high after largest drop in domestic demand in 18 months 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 11th indicated that even after a big increase in our oil exports, we...

RJS; MarketWatch 666, Covered here is everything having a major price change. This includes the 2.4% increase in the price index for men’s underwear, the 3.8% increase in the price index for women’s underwear, and also prices for what are now more than 40 items having a double-digit year over year increase. CPI Rose 0.8% in February on Higher Prices for Food, Fuel, Clothing, Appliances, Rent, Insurance, & Airfare; Annual Inflation at a 40 Year...

RJS, MarketWatch 666, including estimates on the hit to GDP . . . the December deficit was revised up to what would have been a record high at the same time. US Trade Deficit Rose 9.4% to a Record High in January After December Deficit Revised Higher Our trade deficit rose 9.4% in January, as the value of our exports decreased while the value of our imports increased . . . the Commerce Dept report on our international trade in goods and...

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...

RJS, Everything Got Worse . . . US oil supplies at a 13-year low; SPR at a 19 1/2-year low, total oil + products supply at a 94-month low after across the board draws; distillate supplies at a twenty-seven-month low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending February 25th indicated that after a big jump in our oil exports and a drop in our oil...

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...

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...

RJS, Focus on Fracking, SPR at a 19 year low: total oil + products supplies, including SPR, at a 7 3/4 year low, distillate supplies at 26 month low Overall oil inventories finally rose after a million+ barrel per day jump in oil imports; commercial crude supplies saw their biggest increase since October 10th after pulling ~350k barrels per day out of the SPR, i.e. switching the deck chairs on the Titanic . . . other trends remained in...