Tag Archives: gasoline
Losses of over 50% (!) may be in store
by Chris Martenson
Thursday, February 28, 2013, 3:34 PM
I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here.
I've only given one other such warning about equities before, and that was in March of 2008, when I warned of the possibility of a 40% to 60% decline in stock prices by Fall. I am making a similar call today, with the understanding that I am usually a bit early to the game with my views.
A fundamentals-driven breakout seems imminent. But which dir
by Adam Taggart
Friday, February 8, 2013, 11:44 AM
Whether you're aware of it or not, a great battle is being waged around us.
It is a war of two opposing narratives: the future of our economy and our standard of living.
The dominant story, championed by flotillas of press releases and parading talking heads, tells an inspiring tale of recovery and return to growth.
The other side, less visible but with a full armament of high-caliber data, tells a very different story. One of growing instability, downside risk, and inequality.
As different as they are in substance, they both share one fundamental prediction – and this is why you should care: This battle is about to break. And when it does, one side will turn out to be much more 'right' than the other. The time for action has arrived. To position yourself in the direction of the break you think is most likely to happen.
It's time to choose a side.
Repercussions are everywhere
by Chris Martenson
Thursday, August 30, 2012, 12:02 AM
This is an important update on the U.S. drought of 2012, the combined record-setting July land temperatures, and their impact on food prices, water availability, energy, and even U.S. GDP.
Even though the mainstream media seems to have lost some interest in the drought, we should keep it front and center in our minds, as it has already led to sharply higher grain prices, increased gasoline costs (via the pass-through of higher ethanol costs), impeded oil and gas drilling activity in some areas (due to a lack of water), caused the shutdown of a few operating electricity plants, temporarily reduced red meat prices (but will also make them climb sharply later) as cattle are dumped on feed- and pasture-management concerns, and blocked and/or reduced shipping on the Mississippi River. All this and there's also a strong chance that today's drought will negatively impact next year's winter wheat harvest, unless a lot of rain starts falling soon.
by Adam Taggart
Friday, February 25, 2011, 9:47 PM
“Well, I wish I had a more hopeful answer for you. You’ve nailed it. We really are very likely to face either a disruption violently [by terrorism] or a political decision by OPEC to change the price of oil to $200 to $300 per barrel and literally destroy the global economy.”
So predicts Robert McFarlane in today’s interview, which focuses on current US energy policy and the risks it faces. Mr. McFarlane’s many decades of public and private service in both the Middle East and global energy markets make him uniquely qualified to opine on the merits (or lack thereof) of the energy strategy that the US is pursuing.
He sees the US as committed to a foolish “monopoly-fuel” system that leaves it dependent upon and dangerously vulnerable to the actions of external players, including those hostile to US interests. And as the impacts of Peak Oil begin to be felt, he believes it is a near certainty that our country – along with the global economy – will experience great shocks which we have no plans currently in place to address sufficiently. The solution lies in creating a viable market for alternative fuels, which is in our power to do, provided we can muster the politcal and civic will. And do so quickly.
Click the play button below to listen to Chris’ interview with Robert C. McFarlane (runtime 34m:39s):
In this podcast, Robert and Chris discuss: