Tag Archives: Oil

  • News

    Bad Payrolls & Rented Mules

    Weekly Market Commentary 8 October 2021
    by davefairtex

    Sunday, October 10, 2021, 8:00 AM

    16

    Please note: there will not be a Weekly Market Commentary next week (15 October 2021) because Davefairtex will be on vacation. It was another bad payrolls report; headline +194k, with +475k expected. Friend-of-the-site Wolf Richter has a breakdown of this very complicated employment picture. People Not Looking for Work, Labor Force Drops. But Households Report…

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  • News

    COMEX Delivery Wednesday, Not Capable of Inducing Genetic Changes in Human Cells

    Weekly Market Commentary 1 October 2021
    by davefairtex

    Sunday, October 3, 2021, 7:41 PM

    37

    Market Commentary Its hard to know where to focus right now – there is so much going on. First of all this was “COMEX PM delivery week”, specifically, Wednesday was the big delivery day. So guess what happened to silver on Wednesday? It got crapped on – and not by a little either. Silver plunged…

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  • News

    Taper Coming Soon, View from Other Side of the Hill

    Weekly Market Commentary 24 September 2021
    by davefairtex

    Sunday, September 26, 2021, 7:44 PM

    20

    Market Commentary This was Fed Meeting Week – for those who have been distracted by “covid”, the Fed has been hinting about maybe-possibly-tapering their money-printing spree because, maybe, inflation is kinda-sorta starting to become a thing. Finally. To their great relief. Inflation! Yay!! Ok well sure, inflation sucks if you’re a wage-earner, or on a…

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  • News

    Bad Payrolls, Destroy the Village

    Weekly Market Update 3 September 2021
    by davefairtex

    Monday, September 6, 2021, 9:56 AM

    28

    Market Commentary Payrolls was the market mover this week – they came in a lot lower than expected [headline +235k], still perhaps 5M below pre-pandemic levels. Wolf Richter has a good article breaking down why things haven’t gone so well for payrolls. No, it’s not “delta”. As I’ve said before, if you pay people not…

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  • News

    The Impending Taper, and Boosters: A Strategic Blunder

    Weekly Market Update 20 August 2021
    by davefairtex

    Sunday, August 22, 2021, 7:16 AM

    19

    Market Commentary This week we saw falling Retail Sales [-1.49% m/m] alongside a rising Industrial Production [+0.93% m/m]. Post-pandemic, Retail Sales had been supported both by rising prices, as well as lots of free money from the government, but this appears to be coming to an end, although in absolute terms it remains strong. INDPRO…

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  • News

    Strong Inflation, Weak Sentiment, Spikes for Everyone!

    Market Update 13 August 2021
    by davefairtex

    Sunday, August 15, 2021, 12:27 PM

    57

    Commentary Producer prices (PPIACO) looked unpleasant for July; +1.18% m/m, +19.79% y/y. That’s the largest increase since 1973-74. But don’t worry; Powell tells us it is transitory. It was transitory back in the 70s too – but the “transition period” lasted about 8 years, resulting in prices jumping from PPIACO=40 to PPIACO=100. Now that’s the…

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  • News

    Dollar & Payrolls Bounce, Awash in Lies & Misinformation

    Weekly Market Update 6 August 2021
    by davefairtex

    Sunday, August 8, 2021, 4:52 PM

    16

    Market Commentary The buck erased most of last week’s losses [+0.66%], with the bulk of the gains coming on Friday, following a surprisingly strong Nonfarm Payrolls report [headline +943k +0.65%]. Might this be due to some of the Red states deciding to cease paying people to remain unemployed? The rise in payrolls doesn’t look all…

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  • Blog
    Thumbnail image with title when this runs out watch out! Episode 11 Episode 011

    When This Runs Short, Watch Out!

    The threat I see to economic expansion
    by Chris Martenson

    Friday, June 18, 2021, 7:16 PM

    41

    There’s one thing that I think might cause a breakdown in the system of money and halt the economic expansion in its tracks.  Come to learn about the critical importance of Net Energy, stay for the prediction about how an oil shortage within the next year could cause the gross experiment in money printing to come to a grinding halt.

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  • Daily Digest
    crude oil Pump-jack mining crude oil with the sunset

    Daily Digest 6/3 – Republican lawmakers blast Fauci after thousands of emails released; Shell’s historic loss in The Hague is a turning point in the fight against big oil…

    by Whitney

    Thursday, June 3, 2021, 10:37 AM

    17

    Republican lawmakers blast Fauci after thousands of emails released Many Republicans focused their ire on the fact that Fauci received messages in early 2020 warning that the virus had been “engineered” or may have otherwise emerged from a lab in Wuhan, China, while he was publicly dismissing the possibility. Shell’s historic loss in The Hague…

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  • Blog

    Will An Oil Price Spike Be The Next Blow To The Economy?

    Art Berman predicts a 30% price increase in 2021
    by Adam Taggart

    Friday, January 15, 2021, 9:23 AM

    36

    Like it or not, our modern way of life remains extremely dependent on oil. And even using the rosiest of forecasts, that’s not going to change anytime soon.

    Which is why petroleum geologist Art Berman’s prediction of a 30% spike in oil prices later this year is so worrisome.

    If it indeed occurs, it will be another painful gut-shot to a global economy still struggling to recover from the damage inflicted by the pandemic.

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