Posts with tag oil

How Big Oil Founded the Environmental Movement

James Corbett, October 7 2017

Carbon taxes and carbon trading have proven to be a hard sell for an increasingly wary public, but with the Paris Agreement of 2015 the world saw the biggest step yet toward this technocratic future of energy control and carbon rationing. 

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The Chinese Oil Futures Market Has Opened. Here's What It Means.

James Corbett, March 31 2018

Do you think there might be some similar shenanigans going on with this petrodollar "alternative?" If so, then might I just say you are an extremely jaded and skeptical person. You are also correct, so give yourself a cookie.

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India and China Announce The "Oil Buyers Club"

James Corbett, June 16 2018

...now that we are living in an era where India and China are being positioned as "rivals" of the American hegemon, it certainly makes sense that we will see the key tenets of Pax Americana challenged.

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What You Need to Know About the Saudi Aramco IPO

James Corbett, November 9 2019

...in many ways, this IPO is a moment of truth for the Saudis generally. 

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What’s next?

Bob Rinear, March 20 2021

Last March, in 2020 “they” decided that in a year, they would end the “SLR” program. What’s that you ask? Policy manipulation that gave banks more latitude on what they could hold, reserve requirements, etc.

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First 100

Bob Rinear, May 12 2021

We just passed Biden’s first 100 days. How are things going? Well his first move was to cancel the keystone pipeline and ruin the lives of thousands of people who made their living working it.  Within weeks, energy costs spiked.

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I’m Confused

Bob Rinear, August 14 2021

Ocean shipping rates have been soaring. The cost to get oil to our refineries has gone up for months. So, frankly this little charade has very little chance of keeping a lid on oil prices. It’s probably going higher, unless of course they play the “lets shut the country down game” again.

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SOARING OIL & GAS PRICES PRESSURING INFLATION EVEN MORE

Guest Writer, March 9 2022

Prices at the gas pump are soaring toward an all-time high, but drivers appear to be saying, oh well—for now anyway.

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Fed Keeps Its Promise; Hikes Interest Rates - Oil and War Big Factors in Where Things Go from Here

Guest Writer, March 19 2022

Tightening by the mightily bloated Federal Reserve is off and running. 

The Fed’s Open Market Committee kept its word the other day, with the first of what’s expected to be 6 or 7 quarter-of-a-percentage point interest rate increases by the end of the year to put inflation in its place.

Today, Fed Governor Christopher Waller warned that the Fed may need to enact one or more 50 basis point hikes in 2021.

Though he voted this week for just 25 basis point because of economic uncertainty over Russia’s invasion of Ukraine, Waller said he thinks the Fed may need to be more aggressive soon.

“I really favor front-loading our rate hikes, that we need to do more withdrawal of accommodation now if we want to have an impact on inflation later this year and next year.” 

“The way to front-load it is to pull some rate hikes forward, which would imply 50 basis points at one or multiple meetings in the near future.”

In addition to the rate hikes, Waller said he thinks the Fed needs to start reducing its holdings of Treasuries and mortgage-backed securities sooner than later.

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CONSUMER DEBT SURGES $41.8 BILLION And That’s Before Worst of Gas Spike

Guest Writer, April 9 2022

Americans’ credit cards got a sweaty workout in February, as monthly consumer debt rose the highest in over a decade.

Matt Phillips believes it could mean that climbing inflation coupled with households’ diminished savings are forcing more people to use plastic.

The Fed's monthly consumer credit report for February came out yesterday, showing that consumer debt — excluding mortgage debt — jumped by $41.8 billion, or 11.3%.

Revolving credit — typically credit cards — rose by a seasonally adjusted annual rate of 21%, up from 4% the prior month. Nonrevolving credit, which includes auto and student loans, was up 8.4%.

With pandemic stimulus payments now a fading memory — and families’ record savings cushion a thing of the past — it seems a no-brainer that out of control inflation has us back to running up our personal debt.

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10 posts with tag oil online