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Keyword: prices

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  • After dismal 2016, shale gas drillers begin to turn a corner

    07/04/2017 7:45:13 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul 4, 2017 11:21 AM EDT | Michael Rubinkam
    Pennsylvania’s drilling industry is showing signs of life. Natural gas producers drilled more than twice as many shale wells in the first half of 2017 compared to the same period last year. About 20 additional drilling rigs are exploring for natural gas and fracking crews are suddenly in short supply. One big reason is that natural gas prices have recovered from 20-year lows, nearly doubling since last year. …
  • Goldman Sachs: Oil Crash Unlikely To Continue

    06/26/2017 12:32:20 PM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 26-06-2017 | Ka-Boom
    The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are likely unsustainable in the long run. “We…see the sell off as an attractive buying opportunity in our favored stocks, including Total and Lundin, whilst we have also started to see investor interest in higher beta stocks that have sold off such as Tullow,” said Goldman.
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...
  • New England electricity prices 47% higher last month than national average

    03/06/2017 12:36:45 PM PST · by george76 · 28 replies
    Mass Live ^ | January 18, 2017 | Jim Kinney
    Households in New England paid electricity prices last month that were 47 percent higher than the national average.. Consumer energy information released by the Bureau of Labor Statistics for its Boston region showed the area's households paid an average of 19.5 cents per kilowatt hour for electricity, compared to the national average of 13.3 cents. The region includes Hampden and Worcester counties as well as Greater Boston and parts of New Hampshire, Connecticut and Maine. The figures came out one day after energy utility Eversource proposed a 10 percent increase in its electricity distribution rates beginning early next year. The...
  • Prices Are Skyrocketing, But Only For Things You Actually Need

    10/30/2016 4:52:56 AM PDT · by Leaning Right · 35 replies
    Visual Capitalist ^ | October 28, 2016 | Jeff Desjardins
    The way that economic data is presented, we often think of inflation as a singular number representing a general increase in prices. *snip* The good news is that the price of technology is generally getting cheaper. Software, TVs, wireless, and new cars have all come down in price relative to the CPI. Clothing, toys, and furniture are also way more affordable than they were 20 years ago. The bad news? Most of the above items are not the ones that really matter to most of us. The things we actually need to live healthy and fruitful lives – education, food,...
  • Feds Force Michigan Cherries to Rot – In Order To Raise Prices

    10/12/2016 10:24:07 AM PDT · by MichCapCon · 28 replies
    Michigan Capitol Confidential ^ | 10/11/2016 | Derek Draplin
    Over the summer, millions of pounds of Michigan tart cherries were dumped on the ground and left to rot, thanks to a federal board. The dumping means fewer tart cherries in stores which means higher prices for consumers. And while American farmers are forced to keep their cherries off the market, some companies end up having to import cherries from other nations. Photos of some of the dumped cherries went viral. The images troubled many people, who wanted to know why all that fruit was wasted. The short answer is this: It’s complicated and involves government policies. The Cherry Industry...
  • Pipeline Expected To Restart After Leak Triggered Surging Gas Prices In South (Alabama)

    09/20/2016 3:48:30 PM PDT · by blam · 17 replies
    September 20, 2016 Associated Press A main gas line is expected to restart Wednesday with a temporary bypass after a leak and spill in Alabama led to surging fuel prices and some gas shortages across the South, a company official said Tuesday. The roughly 500-foot section of pipe that will serve as the bypass is now complete, and the company expects that will allow it to restart the main gasoline line, Colonial Pipeline spokesman Steve Baker told The Associated Press. "Tomorrow's restart of the main gasoline line is a key milestone," Baker said. "However, it will take a few days...
  • Ammo Background Checks

    07/11/2016 6:55:30 PM PDT · by Randy Larsen · 37 replies
    7/11/16 | Randy Larsen
    How much will we pay?
  • The Fed, the Dollar, and Oil

    03/23/2016 5:03:26 AM PDT · by expat_panama · 10 replies
    financial sense ^ | 03/22/2016 | Matthew Kerkhoff
    Five consecutive weeks of gains makes it hard to argue that we’re in a bear market. While it may not seem like much has changed since the markets last swooned, a few key developments remain supportive of stock prices.In particular, a shifted stance on monetary policy, change in the trajectory of the dollar, and recovery in oil prices have turned sellers into buyers.The Fed Last Wednesday the Federal Reserve confirmed what many had anticipated going into the latest FOMC meeting: that the Fed would have to back off of its four-rate-hike plan for 2016.For some time now, the Fed’s...
  • Disney Resets Theme Park Ticket Prices For Slow, Busy Times

    02/27/2016 1:09:35 PM PST · by Hojczyk · 21 replies
    Reuters via OANN ^ | February 27,2016
    <p>The busiest days create frustrations for visitors such as long lines and temporary gate closures when parks get too full. The company is expanding the parks with new attractions based on popular franchises such as “Star Wars” and “Frozen.”</p> <p>The shift to demand-based pricing is designed to help spread out crowds at Walt Disney World in Florida and at Disneyland Resort in California, Disney said in a blog post.</p>
  • Citi: World economy seems trapped in 'death spiral'

    02/05/2016 12:08:31 PM PST · by HarleyLady27 · 28 replies
    CNBC ^ | Feb. 5, 2016 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
  • Gas Wars: A Gallon Is Just 46 Cents Here

    01/18/2016 10:50:44 AM PST · by blam · 39 replies
    CNBC - REUTERS ^ | 1-18-2016 | Katie Little | Steve Kopack
    CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)
  • Cheap oil puts the House of Saud at risk: Kingdom exhausts monetary reserves in 5 years

    12/14/2015 12:15:26 PM PST · by SeekAndFind · 26 replies
    Asia Times ^ | 10/22/2015 | Spengler
    Saudi Arabia spends money like there’s no tomorrow. A new report from the International Monetary Fund suggests that there might not be a tomorrow for the House of Saud. Without massive spending cuts, the Kingdom will exhaust its monetary reserves in five years at current oil prices, the IMF reckons. Saudi Arabia is a rich country full of poor people, and the House of Saud has bought a lot of legitimacy by subsidizing its subjects. The dynasty might not survive the sort of austerity measures that the IMF insists are necessary to keep the Kingdom from running out of reserves...
  • Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert to “bring a speedy peace.”

    11/06/2015 9:57:17 AM PST · by Trumpinator · 74 replies
    valuewalk.com ^ | November 6, 2015 5:21 am | Polina Tikhonova
    Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert By Polina Tikhonova on November 6, 2015 5:21 am With Russian President Vladimir Putin ordering his security council to develop defensive nuclear equipment, the Pentagon says Moscow is poised to use nuclear weapons to “bring a speedy peace.”
  • Lower gas prices means no Social Security increase next year (Or V.A., federal retirees, etc.)

    10/11/2015 3:34:22 PM PDT · by 2ndDivisionVet · 77 replies
    The Associated Press ^ | October 11, 2015 | Stephen Ohlemacher
    WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation, which is being dragged down by lower prices at the pump. The government is scheduled to announce the COLA — or lack of one — on Thursday, when it releases the Consumer Price Index for September. Inflation has been...
  • Oil export bill driving a wedge between industries

    10/08/2015 9:22:51 PM PDT · by 100American · 1 replies
    The Washington Examiner ^ | 10/8/15 2:01 PM | JOHN SICILIANO
    The group has watched the export debate, as any reduction in supply from exports could increase prices domestically. Some large manufacturers have warned that any policy that increases the cost of energy could move U.S. companies overseas. Cicio said he would support the bill if it did not repeal the president's authority. "We should not be so short sited," he told the Washington Examiner. Oil prices currently are low, but "in the future … it can become a very significant cost issue for manufacturing." "All we need is an adjustment" to the bill to keep the safety valve in place,...
  • Gasoline prices expected to spike

    GasBuddy.com says fuel prices could spike within a week anywhere from 10 to 30 cents a gallon, and they could stay higher for several weeks. Its analysts are blaming aging refineries for unplanned repairs. When those happen, often the oil companies will tackle maintenance issues, too.
  • Bye-bye Prevailing Wage Law? Repeal Campaign Turns In 390,000 Signatures

    09/21/2015 11:58:26 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 9/20/2015 | Jack Spencer
    A coalition organized to repeal the state’s prevailing wage law achieved a milestone yesterday when it submitted petitions with more than 390,000 signatures to the state elections bureau. If at least 65 percent of those signatures were deemed to be valid signatures of Michigan voters, the question would then go to the Legislature for a quick up or down vote. “Nearly 400,000 voters have signed their names on the dotted line to demand that government spend their tax dollars more wisely,” said Chris Fisher, in a news release. Fisher is vice president of Protecting Michigan Taxpayers, the coalition organizing the...
  • Government Price Controllers Can’t Make Up Their Minds

    09/01/2015 6:15:16 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 8/31/2015 | Jarrett Skorup
    Gas stations have heavy competition. There are stations all over the place and everyone publicly displays their prices. Owners operate on very thin profit margins, and there is lots of incentive to keep prices as low as possible. Almost everyone uses gas and nobody likes paying higher prices. So when prices increase, politicians on both sides of the aisle demand and promise investigations. Oil companies are roundly demonized. (Of course, nobody is sending them a thank-you card when prices come down). When it comes to crops, government bureaucrats take a different approach. When the price of products like corn, soybeans,...
  • DAVID KOTOK: Oil Could Fall To $15

    08/17/2015 1:45:02 PM PDT · by blam · 67 replies
    BI ^ | 8-17-2015 | Bob Bryan
    Bob BryanAugust 17, 2015Oil prices have hit six-year lows, and Cumberland Advisors' David Kotok thinks the worst may be yet to come. "We could go back to $15 or $20, this is a downward slope, we don't know a bottom," Kotok said in a Monday morning interview on Bloomberg TV. WTI crude oil futures are trading near $42 a barrel while Brent futures are just above $48 a barrel. Kotok said that despite the oil industries apparent belief that things will get better, there is little reason for anything to change. "Hope is not a strategy, it’s a myth," he...