1-17-2025 Week In Review

Laugh of the week

Watching Sky News and a lady proclaimed that social media sites should be held to the same strict standards as newspaper publishers and television news sites. Clearly she meant the UK, but some of the craziest and insane misinformation has come to me via Sky News and UK newspapers. 

Admittedly, the UK media is not as off the rails as American Media.

Greenland, what if...

If Greenland were to be independent, would it still be part of NATO? If not, why would we think they would align with the USA. China and/or Russia would run the bids up, imo. A strategic part of the world could be up for grabs.

Don't just laugh off the "Greenland" rhetoric, imho.

Climate Change

Accepting that the climate is definitely changing, why is all the focus all on the halt of bad emissions? If we were to suddenly halt these bad emissions, things will not return to normal the next day. In fact it would take many decades, if not hundreds of years. 

During that period of time, the ice caps will continue to melt, the oceans will continue to rise and the storm patterns will persist. The state of Florida will likely be under water, much of New York City will be under water. So why aren't preparations being made NOW... for such events?

Which brings me to...

LA Fires

There has always been wild fires in California, yet climate change is now considered the root cause. Yet nothing is being done to prepare for what should be considered a certainty. 

Blaming "climate change" is much easier than doing something, imho. 

Cease Fire

I am typing this on Thursday, 1-16-2025. Call me skeptical, but this seems like a peace deal for Biden, that will fall apart immediately and the Democrats will attempt to blame it on Trump. It theoretically takes place on Sunday, the 19th, so I think shortly after noon on the 20th... things will fall apart. 

Economic reports this week

A lot of pink, which indicates rising numbers, but not above expectations, imo.

Also, the retail sales report clocked in with an inflation adjusted +1.0% over the preceding 12 months. The current inflation adjusted sales is the highest since January, 2023.

Energy

Pump prices will likely rise about a nickel over the next couple of weeks. Which matches the nickel rise over the past week. 

That's it, this is getting boring.

1-10-2025 Week In Review

Weather

Yep, been a fun few days, as we received about 6" of snow, then about 3/4" of ice, then another 3" of snow. I am no longer able to clear the driveway, so hoping nothing in the way of an emergency.

I have no real reason to leave the house, although the long range forecast shows no warming temperatures to thaw that mess. Another 2" predicted for this weekend, below freezing temps through the following weekend, with a possible big snow of 6"+. 

Groceries might be needed.

Politics

You already know the U.S. news, but what about abroad?

U.K. news media is all a-flutter over Musk tweets. This forced the Labour government to respond. Apparently, there was a grooming gang problem back a decade ago, which resulted in several inquiries, which further resulted in recommendations. 

A decade later, after the Musk tweets, it seems the Labour government has decided to begin implementing some of those recommendations. 

Sir Keir Starmer was the head of the Crown Prosecution Services back in the day, and is now Prime Minister. He claims Musk is promoting a right wing attack. Strange that nothing was implemented until Musk got to tweeting. 

So successive U.K. governments did nothing and it is Musk's fault for tweeting about it. Hard to imagine where the issue would be without the tweets. 

A Sky News (UK) reporter, after news of META dropping "fact-checking" and going to community notes... asked the question of what is the future of liberal fact-checking. The irony of such a question.

I watch Sky News on a regular basis and the opinion I have is... The U.K. has much bigger problems than Musk tweeting.

Back to the U.S., and is the media hyperventilating like they did... 8 years ago? It does seem that way to me. 

Energy

Not much to say, although pump prices likely to rise a nickel in the coming week. Same for diesel.

and the rest...

Fires. Plentiful dry vegetation, high winds, and homes built of largely dry timber. Just takes a spark.

Jobs report. Looks really good, but remember all the revisions the past year. I'll take a wait and see.

Zombie companies. These are companies that seemingly were profitable, but largely due to low interest bonds and rates. Those days are gone and we will likely see some corporate profits suffer as these bonds are rolled over.

Trump jail. He's a convicted felon without having to spend time in jail, or on parole, etc. Almost as good as a pardon. Speaking of which... wonder who else is about to get pardoned. 

Greenland. This suddenly got interesting.

Comparison of Inflation in selected countries- October, 2024 Edition

With the United Kingdom, Canada, and EUstats release of June data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat]

Looking at the same period of time, for USA, EU(27), UK, USA(using EU methodology), results in the following..

I suspect the USA number, might edge up in the upcoming month, but while I will continue to track, this should wrap up the blogging portion... or not.

Comparison of Inflation in selected countries- September, 2024 Edition

With the United Kingdom, Canada, and EUstats release of June data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat]

Looking at the same period of time, for USA, EU(27), UK, USA(using EU methodology), results in the following...

Despite the current similarities, the timeframe has a considerable difference.

I point this out, as while there were some similar causes, there were causes of significant difference, and the timing was different as well.

In any case, the inflation story has about run its course, or so we can hope!

 

Comparison of Inflation in selected countries- August, 2024 Edition

With the United Kingdom, Canada, and EUstats release of June data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat]

Looking at the same period of time, for USA, EU(27), UK, USA(using EU methodology), results in the following...

Despite the current similarities, the timeframe has a considerable difference.

I point this out, as while there were some similar causes, there were causes of significant difference, and the timing was different as well.

In any case, the inflation story has about run its course, or so we can hope!

Comparison of Inflation in selected countries- July, 2024 Edition

With the United Kingdom, Canada, and EUstats release of June data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat]

Looking at the same period of time, for USA, EU(27), UK, USA(using EU methodology), results in the following...

Despite the current similarities, the timeframe has a considerable difference.

There are multiple factors involved in sorting out the variances in when inflation started.

• Clogged ocean shipping containers in wrong places.
• Massive stimulus
• Vaccine rollout
• Ukraine Invasion
• Perception of definite strikes at ports for July, 2022
• Timing of rate hikes

As for political considerations, the stimulus rollout could be considered political and there is whether the Ukraine invasion would have taken place. All other items would likely have occurred, imho.

In any case, the inflation situation has largely abated, so it is time to give this type of review... a rest.

Comparison of Inflation in selected countries- June, 2024 Edition

With the United Kingdom, Canada, and EUstats release of May data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat]

Looking at the same period of time, for USA, EU(27), UK, USA(using EU methodology), results in the following...

Despite the similarities, the timeframe has a considerable difference.

We must remember that inflation in the USA was transitory, until the rest caught up. 

 

Comparison of Inflation in selected countries- May, 2024 Edition

With the United Kingdom, Canada and EUstats release of April data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat with the exception of April-2024. That data was calculated by me]

Inflation across these countries are now very similar, after some issues early on.

A reminder, that U.S. inflation rose upward in advance of those other countries.

While it has been popular, of late to say inflation was everywhere... it wasn't until it was. The period between was called "transistory".

There were factors unique to the U.S., as well as those other countries in the EU, as well as the U.K.

Unique to the E.U. and U.K. were natural gas issues over Ukraine/Russia

Unique to the U.S. were...

• Rapid roll out of vaccines
• Proclamations of Covid being whipped.
• Massive stimulus mailed directly to households, plus government programs
• Refinery outages  in Texas.
• Am eminent dock workers strike, that didn't take place.

Common to both...

• Low petroleum and petroleum product inventories
• Container congestion, due to empty containers in all the wrong places.
• European decision to curtail NG and petroleum imports from Russia.

So the finger pointing becomes clear, when comparing the conditions that were in place, the actions taken + direct results, etc.

Comparison of Inflation in selected countries- April, 2024 Edition

With the United Kingdom, Canada and EUstats release of March data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

As always, here is a snapshot of early inflation or transitory, until it turned in to everybody's problem.

To rehash, the U.S. transitory inflation was a product of massive stimulus and a snarled global supply chain. Retailers in a desperate bid to restock, inflated shipping container prices, shipping costs, etc. Which did lead to pressures globally. 

Then came the energy crunch, which really impacted globally... for awhile.

Inflation seems to be steadying across the board. The expectations for a continuing slowing... is up in the air. 

Comparison of Inflation in selected countries- March, 2024 Edition

With the United Kingdom, Canada and EUstats release of February data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

The rates are aligning in a narrow band across this spectrum.

However, it was NOT always the same, and the reasons for that are different, despite the gullible people fawning over, and blindly following their particular political puppeteer.

This is from the "beginning".

I will not bore you with the whys, but a quick look at some important issues...

Another month in the bag, with inflation seemingly slowing on an annual rate, but generally speaking, the month over month rate, when annualized... is well above the annual rate. More work to do?

Comparison of Inflation in selected countries- February, 2024 Edition

With the United Kingdom, Canada and EUstats release of December data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

The rates are indeed about the same across this spectrum.

However, it was NOT always the same, and the reasons for that are different, despite the gullible people fawning over, and blindly following their particular political puppeteer.

Done for this month.

Comparison of Inflation in selected countries- January, 2024 Edition

With the United Kingdom, Canada and EUstats release of December data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

A slight upward tick on the annual figures... across the board. I would expect some easing, once the January data comes forward.

For the silly ninnies that forget history, attempt to revise history, or are so gullible to be misled by their dear leaders...

Long before inflation was everywhere, the phrase was transitory. Yes Virginia, the USA led that "transitory" inflation, until the rest of the world started catching up. 

The chart is quite "busy", but the timeline is quite accurate. 

'nuff said!

Comparison of Inflation in selected countries- December, 2023 Edition

With the United Kingdom, Canada and EUstats release of November data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

For those individuals unable to think on their own and unable to question their masters, here is a timeline in rebuttal to the everyone has inflation. Look at the above chart to consider the timeline and now look at the below chart...

The EU method of calculating inflation is used, to better gain an apples to apples comparison. Yes, that line on top is U.S. inflation running well ahead of the EU and UK, or (sadly) what the your masters consider the rest of the world in U.S. political speak.

Geez!!!

Comparison of Inflation in selected countries- November, 2023 Edition

With the United Kingdom, Canada and EUstats release of October data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

Natural Gas Summary, UK, EU, USA... Week Ending 9-29-2023

The Energy Information Administration released their weekly report. 

At long last, all regions are above both last year and 5 year average. Hooray!

EIA.GOV via SNL Energy

Now for a look at The European Union and United Kingdom.

[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]

Time to wrap up the publishing of this weekly natural gas summary...

Natural Gas Summary, UK, EU, USA... Week Ending 9-22-2023

The Energy Information Administration released their weekly report.

The Pacific Region has pushed above year ago levels and is very near the 5 year average.

Now for a look at The European Union and United Kingdom.

[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]

Data from the Aggregated Gas Storage Inventory report...

The United Kingdom continues to slide in percent of storage filled. It should be noted that UK does have access to natural gas supplies and infrastructure for LNG. However, the flip side is more abrupt changes in pricing.

Which is most noticeable in the forward futures, as shown on this chart.

The US market continues to be somewhat stable. 

Comparison of Inflation in selected countries- September, 2023 Edition

With the United Kingdom, Canada and EUstats release of August data, I have updated my comparison graph. [Note, the USA(EU method) is directly from Eurostat.]

The USA (CPI: +3.7%; +2.5% Eurostate method) and Canada +4.0%, ticked up for the 2nd consecutive month, with regards to year over year inflation. 

The EU has marked 10 consecutive months of decline in year over year inflation at 5.9%. That figure was down from 6.1% last month. It was not even across the board, as Germany's 6.5% of last month, dipped to 6.4%, which was improvement, but some countries... such as France increased from 5.1% to 5.7%, according to Eurostat.

The UK has now marked its 3rd consecutive decline at 6.3%, with the month over month at +0.4%, which was up from previous 2 months.

Natural Gas Summary, UK, EU, USA... Week Ending 9-15-2023

The Energy Information Administration released their weekly report.

The Pacific Region has pushed above year ago levels and is nearing the 5 year average.

EIA.GOV, via SNL Energy

Now for a look at The European Union and United Kingdom.

[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]

Data from the Aggregated Gas Storage Inventory report...

The overall EU pct. slipped since last week, but the volume in storage increased, as capacity increased.

While the EU as a whole, has approximately 100 days of supply, it should be noted that days supply varies greatly within the individual countries. 

Prices edged up in the EU and UK.

U.S. Henry Hub finished the week down -3¢.

Both TTF (Dutch) and UKG remain approximately double historical norms. Henry Hub is running about 2/3 of those norms. 

Natural Gas Summary... Week Ending 9-08-2023

The Energy Information Administration released their weekly report.

The Pacific Region continues to be slightly ahead of year ago numbers, but still below the 5 year average, although still improving.

The South Central Region continued the slide against year ago levels, but is still above 5 year average.

EIA.GOV, via SNL Energy

Now for a look at The European Union and United Kingdom.

[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]

Data from the Aggregated Gas Storage Inventory report...

Data per AGIS

The UK continues to reduce inventory, while Austria and Belgium slipped from last report.

Overall, NatGas prices slipped compared to last week.