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Keyword: prices

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  • Gas Prices Hit 13-Month Highs, Prompt Macro Concerns

    04/20/2014 3:42:10 PM PDT · by Nachum · 73 replies
    zero hedge ^ | 4/20/14 | tyler durden
    At $3.67, US Regular gasoline prices are their highest since March 2013 having risen over 12% (40c) in the last 2 months. This must be great news, right? It must mean world demand is picking up and driving up prices of crude oil as global trade soars (amid a collapsing Baltic Dry and decelerating Chinese growth). This can't be related to "war premia" right? - as we noted here - because stocks (which always know best) have discounted all this tomfoolery. However, as the following chart shows, each time gas prices have surged up toards the Maginot Line of $3.80,...
  • The Value of Everything: Why the price of things are a mystery ISN'T a mystery

    04/06/2014 7:10:29 AM PDT · by SeekAndFind · 10 replies
    National Review ^ | 04/06/2014 | Jonah Goldberg
    Prices are storehouses of knowledge.​ One person whose grammar is impeccable except on the rare occasions when it isn’t is Kevin Williamson. He had a great piece the other day on the mystery of prices. I loved his opening sentence: “Prices are a mystery, and why that is is a mystery.” This reminded me of a great line from this wonderful video essay on Hayek’s “On the Use of Knowledge in Society” over at the Marginal Revolution University. It’s arguably Hayek’s most important contribution — which is saying a lot. It’s like saying Michael Jordan’s best slam dunk or Bill...
  • Corn Prices Are Popping

    03/31/2014 11:49:53 AM PDT · by blam · 42 replies
    BI ^ | 3-31-2014 | Rob Wile
    Corn Prices Are Popping Rob WileMar. 31, 2014, 12:15 PM    Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010. That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said. Analysts surveyed by Bloomberg estimated 93.014 million, on average. Here's how corn reacted to the news:
  • Ukraine Shocks Population With Staggered 100% Heating Price Increase While Restricting Cash Use

    03/28/2014 4:34:02 PM PDT · by dynachrome · 19 replies
    Zero Hedge ^ | 3-28-14 | Yatsenyuk
  • Report: Dish, DirecTV Discuss Possible Merger

    03/27/2014 5:16:12 AM PDT · by SoFloFreeper · 33 replies
    Fox ^ | Matt Egan
    In response to Comcasts (CMCSA) $45 billion buyout of Time Warner Cable (TWC), Dish Network (DISH) has reportedly sent feelers out to rival DirecTV (DTV) about a possible combination of the two satellite television companies. The potential tie-up would marry the two largest U.S. satellite TV operators, creating a juggernaut with about 34 million subscribers. According to Bloomberg News, Dish Chairman Charlie Ergen recently approached DirecTV CEO Mike White about a merger. White is reluctant to go ahead with formal talks due to concerns about opposition from antitrust regulators, the news service said.
  • The Real Inflation Fear - US Food Prices Are Up 19% In 2014

    03/26/2014 10:40:32 AM PDT · by blam · 63 replies
    Zero Hedge ^ | 3-26-2014 | Tyler Durden
    The Real Inflation Fear - US Food Prices Are Up 19% In 2014 Tyler Durden 03/26/2014 10:20 -0400We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...(snip)We're not allowed to post charts from Bloomberg so you'll have to click to the site to see the chart.
  • Why Food Prices Are Surging

    03/25/2014 9:38:15 AM PDT · by blam · 52 replies
    BI ^ | 3-25-2014 | Matthew Boesler
    Why Food Prices Are Surging Matthew Boesler Mar. 25, 2014, 12:06 PM Since the beginning of the year, food prices have been on a tear. In a new report, Morgan Stanley commodities analysts led by Adam Longson attribute the surge in prices to a number of factors, "from weather (in the case of sugar, soybeans and coffee) to disease (in the case of hogs) to geopolitics (wheat and corn)." The Morgan Stanley analysts don't believe this will continue. "To date, weather concerns in South America have proven overstated, as evidenced in the recent declines in sugar prices," they say. "Tensions...
  • Beef Prices Surge Most In A Decade As Food Inflation Soars

    03/19/2014 9:06:27 PM PDT · by Nachum · 19 replies
    zero hedge ^ | 3/19/14 | tyler durden
    Just a month ago we warned that food inflation was on its way. Today we got the first confirmation that problems are on their way. While headline data washes away the nuance of what eating, sleeping, energy-using human-beings are paying month-in and month-out, the fact, as WSJ reports, that beef prices surged by almost 5% in February - the biggest change since Nov 2003 - means pinching consumers and companies pocketbooks that are still grappling with a sluggish economic recovery. "Things are definitely more expensive," exclaimed on mother of three, "I can't believe how much milk is. Chicken is crazy...
  • U.S. Producer Prices Fall, Offer Little Sign Of Inflation Pressure

    03/14/2014 7:04:07 AM PDT · by mykroar · 5 replies ^ | 3/14/2014 | Reuters
    U.S. producer prices fell in February, dragged down by falling costs for services and offering little sign of a pickup in inflation pressures. The Labor Department said on Friday its seasonally adjusted producer price index for final demand dropped 0.1 percent last month. U.S. inflation has held at a very low level in recent years because of a persistently high unemployment rate. This is expected to push the Federal Reserve to keep its benchmark interest rate near zero for many more months even as the central bank dials back its monetary stimulus. Prices received by the nation's factories, retailers and...
  • Obamacare: Now Appearing On Your Restaurant Bill

    02/27/2014 10:43:04 AM PST · by SeekAndFind · 26 replies
    Zero Hedge ^ | 02/27/2014 | Tyler Durden
    That the bulk of Americans (especially those 4+ million whose insurance policies have recently been cancelled as a result of the ACA) have to pay more for healthcare as a result of Obamacare, is now largely accepted and well-known. But did you know that the cost of Obamacare is slowly metastasizing to other places? Such as your restaurant bill. Presenting Exhibit A.From CNN: Several restaurants in a Florida chain are asking customers to help foot the bill for Obamacare. Diners at eight Gator's Dockside casual eateries are finding a 1% Affordable Care Act surcharge on their tabs, which comes...
  • Tomorrows hamburger may cost as much as todays steak - Beef prices expected to rise through 2016

    02/22/2014 8:47:27 AM PST · by rickmichaels · 69 replies ^ | Feb. 21, 2014 | Catey Hill
    Beef: Its what you cant afford for dinner for years to come. Retail beef prices are near record highs. During 2013, the price consumers paid for ground beef climbed roughly 5%, according to government data beef price data released Thursday finds that consumers paid an average of nearly $3.50 per pound for 100% ground beef. Whats more, experts say that climbing beef prices are here to stay. The USDAs Economic Research Service projects that beef prices will rise faster than almost anything else this year. Don Close, a cattle economist with Rabo AgriFinance says he thinks prices this year...
  • Ticket prices plummet weekend before Super Bowl (18K still available)

    01/28/2014 1:59:57 AM PST · by Libloather · 52 replies
    NY Post ^ | 1/27/14 | Jeane MacIntosh
    So much for being the most expensive Super Bowl ever. With ticket prices in a freefall, seats for Sundays MetLife Stadium matchup between the Seattle Seahawks and Denver Broncos could end up being the least expensive for a Super Bowl since the post-9/11 game of 2002. After hitting record highs last week, ticket prices took a nose dive over the weekend, with the cheapest prices plummeting nearly 50 percent, to a low of $1,150 from about $2,200 at 9 a.m. on Jan. 19.
  • Vacation Home Comeback! House Price Index Increased 0.2% In September, +9.0% YoY (SC, NV, FL)

    11/25/2013 11:23:19 AM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 11/25/2013 | Anthony B. Sanders
    Lender Processing Services (LPS) released its latest LPS Home Price Index (HPI) report, based on September 2013 residential real estate transactions.According to the report, U.S. Home Prices rose 0.2% in September, up 9.0% Year-Over-Year (YoY). LPS HPI September 2013 The big winners? Nevada, Georgia and South Carolina. The big losers? NE blue states: Connecticut, New Hampshire and Massachusetts. lpshpisept13 On a metro level, Myrtle Beach SC, Charleston SC, Atlanta GA, Miami and Naples FL were the big winners. The big losers? Most of Connecticut and Springfield MA. bigmetro Hey, at least bankrupt Modesto CA is making a comeback! So...
  • Electricity Prices

    08/29/2013 2:53:30 PM PDT · by Enza Ferreri · 3 replies
    Britain Gallery ^ | Enza Ferreri
    Romney Marsh Wind Farm, Kent/East Sussex * Why do Britons pay much higher electricity prices than before? Because, by government decision, as consumers they have to subsidize low-carbon methods of energy generation, in particular wind farms. There are 4 words that best describe wind turbines for energy production: inefficient, unreliable, very expensive. Wind power is the most costly form of electricity generation. Many British households, no less than 1 in 4, are already suffering from a newly-labelled condition, "fuel poverty", in which energy bills expenditure makes up 10% or more of the household's net income. We've got to the...
  • June Pending Home Sales Down 0.4%, LPS Home Prices Up 1.3% For May (West Coast BIGGEST WINNER!)

    07/29/2013 7:46:22 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 07/29/2013 | Anthony B. Sanders
    According to the National Association of Realtors (NAR), June pending home sales declined 0.4% in June, but the year-over-year pending home sales rose 9.1%. phs07292013 Home affordability has declined with recent interest rates increases. But affordability is still high by historic standards. narafford On the house price front, according to Loan Processing Services (LPS), May home prices rose 1.3% for the month and were up 7.9% Year-Over-Year. lpshp072913 The biggest winners? All west coast MSA. lpsmovers And Case-Shiller is out tomorrow. Here is a chart of the LPS home price index versus the Case-Shiller 20 metro repeat sales index. lpcs072913...
  • Jumbo-Conforming Mortgage Spreads Shrink (Jumbo ARM Spread Goes NEGATIVE!)

    07/01/2013 12:56:22 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 07/01/2013 | Anthony B. Sanders
    Rising mortgage rates, rising home prices. What is happening to the jumbo-conforming loan spread? In the fixed-rate market, the jumbo mortgage rate remains higher than the conforming mortgage rate. But the spread between the two has shrunk for the first time to early 2007 (and before) levels. jumboconfrs The jumbo-conforming spread actually began to increase in late 2007 and peaked in January 2009 at 184 basis points. It is now 28 basis points, below the average from 2000 to July 2007 of 29.5 basis points. jumboconformigspread On adjustable-rate mortgages (ARMs), the spread between jumbo ARMs and conforming ARMs is actually...
  • Case-Shiller: House Prices Increased 12.1%, March/April Up 2.5%, New Home Sales Up (To 1991 Levels)

    06/25/2013 7:09:50 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 06/25/2013 | Anthony B. Sanders
    As expected (based on Loan Performances HPI index yesterday), the S&P Case-Shiller 20 metro index showed average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013. From March to April, the 10- and 20-City Composites rose 2.6% and 2.5%. Case-Shiller is in white, Loan Performance is in yellow. cs062513 Again, like Loan Performance, all 20 cities and both Composites showed positive year-over-year returns for at least the fourth consecutive month. Atlanta, Dallas, Detroit and Minneapolis posted their highest annual gains since the start of their respective indices. On a...
  • Inflation Continues to Undershoot Fed Target [Team Obama WANTS INFLATION]

    06/19/2013 2:03:27 AM PDT · by SoFloFreeper · 21 replies
    Wall Street Journal ^ | 6/18/13 | Michael S. Derby
    Federal Reserve officials both expect and want inflation to be higher than it is. So far, that isnt happening. Consumer price data released Tuesday showed inflation rose a mere 1.4% in May from a year earlier. While the consumer price index isnt the Feds preferred inflation measure the personal consumption expenditures price index is the reading is a reminder that price gains are still well below the central banks 2% target. Economists at Macroeconomic Advisers say the CPI rise likely translates to an annualized gain of 0.7% in the second quarter a very weak reading.
  • Petrol Prices

    05/30/2013 2:25:35 PM PDT · by Enza Ferreri · 5 replies
    Britain Gallery ^ | Enza Ferreri
    I know that this is difficult to believe, but petrol prices are probably going to decrease. This is the likely prediction that can be derived from a June 2012 study by one of the world's top experts on oil, gas, and energy, Leonardo Maugeri, entitled "Oil: The Next Revolution: The Unprecedented Upsurge of Oil Production Capacity and What It Means for the World" and published by the prestigious Harvard University Belfer Center for Science and International Affairs in America.The paper says that we expect a global growth in oil production "from 93 million barrels per day today to 110 million...

    04/09/2013 11:32:55 AM PDT · by SWAMPSNIPER · 18 replies
    ME | April 09, 2013 | swampsniper
    It's on sale!
  • Huge Obamacare Price Increases Looming (RATS knew all about it)

    03/19/2013 5:50:52 PM PDT · by Libloather · 69 replies
    Power Line ^ | 3/13/13 | John Hinderaker
    The Democrats knew what they were doing when they deferred the implementation of most provisions of Obamacare until after the 2012 election. What is surprising, really, is that Obamacare has been so unpopular, given that most of its baleful effects have not yet been felt. But it wont be long now. The Associated Press reports that health insurers are warning of massive price increases beginning next year: Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.
  • Vanity - How do new Car Buyers find Invoice Prices?

    02/23/2013 11:04:33 AM PST · by urtax$@work · 51 replies
    n/a | 2/23/13 | myself
    A daughter is new car shopping for a Hyundai(they are supposed to be much better made now)and she used Consumer Reports to find the Invoice Price. She is nowhere near a seaport but the difference in Invoice & Sticker is only $200.... It has been a long time since i bought new and i though my Chevy Invoice was much lower than the sticker. I understood that knowing the invoice was a good baseline to bargain with the dealership. Do any FReepers know if her Invoice from Consumer Reports is bogus or is there a better place to find invoice...
  • The Minimum Wage and Economic Reality (Why not outlaw high prices to help low income earners?)

    02/23/2013 8:46:09 AM PST · by SeekAndFind · 15 replies
    Townhall ^ | 02/21/2013 | Steve Chapman
    President Barack Obama and Democrats in Congress want to raise the minimum wage to improve the lot of the working poor. But they've got the wrong idea. The problem is not that these workers earn so little; it's that the things they buy cost so much. I propose instead to outlaw high prices. No one, after all, likes paying too much. So let's put a stop to it. Gas is too expensive? Make it $2 a gallon, max. Bread and meat take a big bite out of the family budget? Poor people could eat better if they had to pay...
  • Watch: The Global Food Crisis You Need To Prepare For Is Now Imminent

    12/19/2012 6:24:05 AM PST · by blam · 32 replies
    SHTF Plan ^ | 12-19-2012 | Mac Slavo
    Watch: The Global Food Crisis You Need To Prepare For Is Now Imminent Mac Slavo December 19th, 2012 Grocery stores may still be stocked with food and most Americans are still able to keep their familys fed, but with 50 million Americans requiring government assistance to do so and prices on a seemingly never ending rise, how long will it be before the situation becomes unmanageable? The global food crisis you need to prepare for is now imminent. For the past six years the world has consumed more food than it has produced. As a result, global food reserves are...
  • Government Housing Policy and the Tragedy of the Commons

    11/27/2012 9:06:08 AM PST · by whitedog57 · 5 replies
    Confounded Interest ^ | 11/27/2012 | Anthony B. Sanders
    Owning or Renting: High Risk or Tragedy of the Commons? The tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each ones self-interest, despite their understanding that depleting the common resource is contrary to their long-term best interests. Examples abound such as common grazing on public land, depletion of fish in the ocean and why public restrooms are usually filthy. Homeownership is an example of the tragedy of the commons. Public housing projects, such as the infamous Cabrini Green in Chicago, are an example. Public housing is often poorly maintained...
  • The Smartest Investment Of The Decade (The Era Of Cheap Food Is Over)

    11/17/2012 7:24:39 AM PST · by blam · 15 replies
    Sovereign Man ^ | 11-17-2012 | Simon Black
    The Smartest Investment Of The Decade by Simon Blackon November 12, 2012 Heres something crazy to think about. Roughly 200,000 people were born today. Thats net world population growth, births minus deaths. Each one of them constitutes a new mouth to feed. And when they come of age, those 200,000 people will consume, conservatively, about 1,250 Calories per day. Collectively, thats 91.25 billion Calories per year for the entire 200,000 people that were born today. Where will they get that food from? Consider that a cup of rice contains about 300 Calories. An average annual rice harvest yields about 150...
  • Debate 2 | Obamas Oil & Gas Rhetoric

    10/19/2012 4:31:55 PM PDT · by NaturalBornConservative · 4 replies
    Natural Born Conservative ^ | October 18, 2012 | Larry Walker Jr
    Forget Fact Checking: Wheres the Logic?- By: Larry Walker, Jr. -In a real town hall meeting, the person asking a question gets to follow up. What we saw Tuesday night wasnt a town hall meeting at all. The readers appeared to be simply mouthing someone elses prearranged questions. There wasn't any passion. But what if the public was allowed to retort? Following are my thoughts on the lecture Barack Obama provided in response to the second question, a rather simple one which he has yet to answer. QUESTION: Your energy secretary, Steven Chu, has now been on record three times...
  • Gas prices: There's not much that presidents can do about them

    10/17/2012 5:26:16 PM PDT · by rightwingintelligentsia · 40 replies
    NBC News ^ | October 17, 2012 | John W. Schoen
    When you pull up to that gas pump and nearly faint from how much it costs you to fill 'er up, you may be tempted blame the government for not doing enough to keep a lid on prices. Resist the temptation. The truth is the global nature of the world's energy supply means that no president has much power over what you pay at the pump. The question of whether the nation's chief executive can do anything to lower soaring energy costs has been a bone of contention between President Barack Obama and his GOP rival, former Mass. Gov. Mitt...
  • The Home Price Rally Is Spreading To More Housing Markets

    10/02/2012 7:09:51 AM PDT · by blam · 25 replies
    TBI ^ | 10-2-2012 | Mamta Badkar
    The Home Price Rally Is Spreading To More Housing Markets Mamta BadkarOctober 2, 2012Home prices, including distressed sales, were up 4.6 percent year-over-year according to CoreLogic's latest home price index. Prices were up 0.3 percent from a monh ago. This is the sixth straight increase in home prices. Excluding distressed sales home prices were up 4.9 percent on the year, and 1.0 percent on the month-over-month. One of the criticisms leveled at those that say housing has turned the corner is that housing is a local story and many markets are getting worse. But Mark Fleming, CEO of CoreLogic said...
  • An Autumn Surge In Corn Prices Will 'Shock The US And Global Livestock Industry'

    09/11/2012 6:39:12 AM PDT · by blam · 22 replies
    TBI ^ | 9-11-2012 | Rob Wile
    An Autumn Surge In Corn Prices Will 'Shock The US And Global Livestock Industry' Rob WileSeptember 11, 2012 The historic U.S. drought caused corn prices to explode to record highs during the summer. However, prices haven't budged in a month and stands near $8/bu. In his latest note, Morgan Stanley commodities guru Hussein Allidina reiterates his thesis that the corn price rally isn't over. While the market continues to test what price will ration demand, it will eventually figure it out: While many have cited recent weakness in ethanol production and exports as a sign that prices have risen enough...
  • Fayyad: Ready to Resign Over Protests

    09/07/2012 2:52:11 AM PDT · by Eleutheria5 · 4 replies
    Arutz Sheva ^ | 7/9/12 | Elad Benari
    Palestinian Authority Prime Minister Salam Fayyad announced on Thursday that he would resign if that was the will of the people, the Bethlehem-based Maan news agency reported. .....
  • PA 'Arab Spring' Protests Target Fayyad, Abbas

    09/07/2012 12:41:54 AM PDT · by Eleutheria5 · 3 replies
    Arutz Sheva ^ | 6/9/12 | David Lev
    On Thursday morning, hundreds of PA Arabs blocked roads and burned tires in the Ramallah area, protesting the high price of products in the PA. The Thursday protest was the latest in a series of demonstations in PA controlled area over high prices. On Wednesday, hundreds of residents of Shechem gathered in one of the town's main squares. demanding the removal of Palestinian Authority Prime Minister Salam Fayyad and PA chief Mahmous Abbas. ...Fayyad and Abbas did not represent them, and that they demanded a new government. Joining them were Hamas members of the PA parliament. Protests have been taking...
  • Man complains to police of prostitute price hike

    09/01/2012 3:17:20 PM PDT · by PROCON · 38 replies
    AP ^ | Sep. 1, 2012 | AP
    ANN ARBOR, Mich. (AP) Police in southeast Michigan say a man called to complain that a woman he had agreed to pay for sex unexpectedly increased the price. reports ( ) that police were called to an Ann Arbor home late Wednesday on a report of a robbery. Police say the 45-year-old man and a 19-year-old Ohio woman he contacted online had agreed on a price, but that the man claimed she upped the cost after taking his money.
  • Preview of Case-Shiller 20 House Price Index for Tuesday (Up Between 0.2% and 0.4% YoY)

    08/25/2012 11:21:16 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 08/25/2012 | Anthony B. Sanders
    This coming Wednesday features a myriad of important economic, housing and mortgage reports: GDP, Pending Home Sales, Mortgage Purchase Applications, Pending Homes Sales and Corporate Profits. But on Tuesday, the Case-Shiller home prices indices will be released (and that means a busy day on TV for Yale Professor Robert Shiller). What are we expecting for Tuesday Case-Shiller 20 metro home price index? In a nutshell, it will show that house prices are recovering. FNC (blue) and FHFA (gold) have already released their home price indices last week and both show an uptick in their recent release for June 2012. What...
  • How To Save Money On Meat As Corn Prices Soar

    08/19/2012 10:55:34 AM PDT · by blam · 93 replies
    TBI ^ | 8-19-2012 | Andrea Woroch
    How To Save Money On Meat As Corn Prices Soar Andrea Woroch, Aug. 19, 2012, 12:14 PM A few weeks ago, the USDA warned about the impending increase in food prices as drought continues to diminish corn and soybean crops. More recently, however, the USDA advised corn crop yields are even less than previously estimated, making the future of grocery bills even more bleak. Since 40 percent of US-grown corn is used for animal feed, beef, pork and poultry will see the most significant price increases. If you and your family depend on meat as a primary source of...
  • Nestle blames biofuels for high food prices

    07/18/2012 2:03:37 PM PDT · by CutePuppy · 62 replies
    BBC ^ | July 18, 2012 | James Melik
    The head of the world's largest food producer believes high prices are due to the growing of crops for biofuels."The time of cheap food prices is over," says Nestle chairman Peter Brabeck-Letmathe. He is highly critical of the rise in the production of bio-diesel, saying this puts pressure on food supplies by using land and water that would otherwise be used to grow crops for human or animal consumption."If no food was used for fuel, the prices would come down again - that is very clear," he says. "We are now in a new world with a completely different level...
  • Corn Is Still Ripping Higher, And Is Now Up More Than 50% In Less Than A Month

    07/16/2012 9:02:46 PM PDT · by blam · 17 replies
    TBI ^ | 7-16-2012 | Joe Weisenthal
    Corn Is Still Ripping Higher, And Is Now Up More Than 50% In Less Than A Month Joe Weisenthal Jul. 16, 2012, 8:14 PM Non-stop going up. Thanks to the drought... December corn futures via the CME, now up more than 50% from recent lows.
  • German official: Obama should get his own debt under control before handing out free advice

    06/25/2012 7:54:41 AM PDT · by Kaslin · 15 replies
    Hot ^ | June 25, 2012 | Erika Johnson
    In a not-so-subtle rebuke of President Obama’s tendency to offer unsolicited recommendations on how Europeans should handle their debt crises on Sunday evening, Germany’s finance minister suggested that perhaps His Munificence should focus on his own problems before trying to fix everybody else’s. Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that “people are always very quick at giving others advice.”He says: “Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone.” An unfortunate and embarrassing truth — the EU’s debt-to-GDP ratio is well over eighty percent,...
  • U.S. oil production reaches historic high As price plummets

    06/11/2012 8:21:52 PM PDT · by jyro · 52 replies
    WASHINGTON, June 11 (UPI) -- Federal leases in the Gulf of Mexico, along with output from Texas and North Dakota, pushed U.S. oil production to its highest level in 14 years, the EIA said. The U.S. Energy Department's Energy Information Administration reports that U.S. oil production during the first quarter of 2012 topped 6 million barrels per day for the first time since 1998. "The roughly 6 percent growth in U.S. oil production from October 2011 through March 2012 is largely the result of increases in oil output in North Dakota, Texas and the Gulf of Mexico," the agency said...
  • Bryan Mound (Strategic Petroleum Reserve)Pre-election Releases?

    05/05/2012 6:46:52 AM PDT · by lqcincinnatus · 38 replies
    Around the Internet | May 5, 2012 | LQCincinnatus
    Just got the scoop from my guy who works at Bryan Mound (Strategic Petroleum Reserve). As you may know, the largest reserve site in the U.S. is located a few miles from where I work in Freeport. It hold 200+ million barrels of oil. They got a visitor from Washington D.C. authorizing the release of 80-90 million barrels across all 4 sites in the U.S. It will be sold to Exxon Mobil for the purpose of flooding the market to bring down gas prices (temporarily). Just in time for the election. The president can do this without Congress. What an...
  • Soaring Food Costs Mean a Garden is as Good as Gold

    04/16/2012 4:57:26 AM PDT · by orsonwb · 26 replies
    The How Do Gardener ^ | 04/15/2012 | Rick Bickling
    According to the US Bureau of Labor Statistics, Consumer Price Index Data for March 2012, the Consumer Price Index for fresh vegetables purchased for home use rose 4.5 percent from the same time last year. Recent USDA data also shows that the price of grains such as corn, wheat, rice, and soybeans has increased 234% since January 2002...
  • Most Albertson's In Central Fla. To Close

    04/13/2012 10:42:17 AM PDT · by sheikdetailfeather · 28 replies
    ORLANDO, Fla. -- A Central Florida supermarket chain is about to close almost all of its local stores. It's part of a move by Albertson's to end the majority of its operations in the state. For the last year or so, Albertson's has been shrinking the number of stores it operates in Florida. In Central Florida, six more stores are going to close in the next few weeks. Only a store in Altamonte Springs will remain open. Albertson's says the Florida market is not good for it, and with fuel and utility costs being what they are, it's closing all...
  • Why High Oil Prices Even At $200 Won't Cause A Recession

    04/12/2012 6:03:25 PM PDT · by blam · 33 replies
    The Market Oracle ^ | 4-12-2012 | Money Morning
    Why High Oil Prices Even At $200 Won't Cause A Recession Commodities / Crude Oil Apr 12, 2012 - 07:43 AM By: Money Morning Martin Hutchinson writes: Last Friday's weak unemployment numbers, with only 120,000 jobs created, brought renewed wails that high oil prices were causing a recession. Having heard this refrain so many times, I thought I'd dig a little deeper. After all, a peak of $145 per barrel in the West Texas Intermediate oil price pretty well coincided with the onset of the 2008 recession. The question is whether or not high oil prices are always correlated with...
  • Sticker shock! New car prices jump nearly 7% to record

    04/11/2012 4:37:06 PM PDT · by Nachum · 19 replies
    msnbc ^ | 4/11/12 | Paul A. Eisenstein
    Detroit - Remember sticker shock? After several years of heavily discounting their products in a desperate bid to keep assembly lines rolling, automakers are finding themselves back in the drivers seat again pushing prices to record levels. And its not a blip, warns one senior analyst, who expects the trend to continue for several years. The good news for shoppers is that trade-ins are also yielding better prices and while that new car, truck or crossover may command more money than ever before its also likely to include significantly more features and markedly better fuel economy than
  • Report: Obama Blaming Israel for Rising Fuel Prices

    04/03/2012 8:04:24 AM PDT · by rawhide · 29 replies ^ | 4-3-12 | Elad Benari
    The Obama administration is blaming Israel for the recent rise in global crude oil prices, according to a Sunday report in The World Tribune. The rise in fuel prices is deemed as harming the U.S. economy and has also hurt Obama in the polls as he seeks re-election in November. The report cited a leading U.S. analyst, Robert Satloff, who returned from talks with Israeli officials. Satloff, executive director of the Washington Institute for Near East Policy, said, according to The World Tribune, that the Israeli leadership saw Washington as attributing the higher gas prices to Israels posturing on Iran....
  • Obama Promises Lower Gas Prices and Defends Keystone XL Decision

    03/24/2012 4:09:00 PM PDT · by Libloather · 23 replies · 4+ views
    Yahoo ^ | 3/23/12 | Tara Dodrill
    Obama Promises Lower Gas Prices and Defends Keystone XL DecisionBy Tara Dodrill | Yahoo! Contributor Network Fri, Mar 23, 2012 President Obama signed an executive order earlier this week approving the Keystone XL pipeline connecting Cushing, Okla., to the Texas Gulf Coast, National Public Radio reports. Obama concluded his four-state energy tour at Ohio State University in Columbus on Thursday. While in Ohio, Obama toured an experimental "high-tech" automotive facility and viewed the "fasted electric car in the world," the Buckeye Bullet 2, according to the Columbus Dispatch. The automotive research center has garnered millions in federal funding for...
  • Chu: I would give myself an A for energy prices

    03/20/2012 10:37:14 AM PDT · by Nachum · 69 replies · 5+ views
    The Daily Caller ^ | 03/20/2012 | Mathew Boyle
    Energy Secretary Steven Chu told a House panel Tuesday that hed give himself top marks when asked to grade his policies effects on energy prices. Rep. Darrell Issa, the chairman of the House committee on Oversight and Government Reform, asked President Obamas top energy official if hed grade himself with an A minus on controlling the cost of gasoline at the pump. Chu responded by saying hed give himself a better grade than that. The tools we have at our disposal are limited, but I would I say I would give myself a little higher in that since I became...
  • US Consumer Prices Up Because of Higher Gas Costs

    03/17/2012 5:26:32 PM PDT · by NoLibZone · 18 replies · 1+ views ^ | March 17 2012 | AP CHRISTOPHER S. RUGABER
    A sharp jump in gas prices drove a measure of U.S. consumer costs up in February. But outside higher pump prices, inflation stayed mild. The Labor Department said Friday that the consumer price index rose 0.4 percent in February, the largest increase in 10 months. Gas prices rose 6 percent to account for most of the gain. Food prices were unchanged for the first time in 19 months. And excluding food and energy, so-called "core" prices rose just 0.1 percent. Mild inflation allows the Fed to maintain its low interest-rate policy. "Not much to stew about on the inflation front,"...
  • Chu renounces his desire for higher gas prices

    03/13/2012 10:31:53 AM PDT · by Nachum · 34 replies · 1+ views
    Washington Examiner ^ | 3/13/12 | Joel Gehrke
    President Obama's Energy Secretary, Steven Chu, renounced his previously-stated desire to see gas prices rise to match European levels in order to motivate alternative energy research, telling the Senate today that he wants gas prices to fall for the sake of the economy. "We have to figure out how to boost the price of gasoline to the levels in Europe," Chu said in 2008. When reminded of that comment today during his congressional testimony, Chu backed away from that position. "I no longer share that view," Chu told Sen. Mike Lee, R-Utah, today.
  • Gas Prices On The Rise (rises by nearly a cent to $1.626) [2009]

    03/13/2012 9:08:24 AM PDT · by TexasCajun · 17 replies
    CNN ^ | <B>January 2, 2009</b> | Lara Moscrip
    NEW YORK ( -- Gas prices increased for the third straight day Friday, to an average of $1.626 for a gallon of regular unleaded gas, according to motorist group AAA. That's nearly a one-cent jump from the previous day's average of $1.618. The price of gas is down by nearly 20 cents from the prior month's average of $1.803, and prices are off by nearly 47%, or $3.052 from this time a year ago. Prices have plummeted along with the price of crude oil, the main ingredient in gas. Oil has shed more than $100 a barrel since July, and...