The Wildly Inconsistent and Confusing Energy Policy of the Biden Admin

Comes now the Biden War on Energy wherein President Biden took a series of anti-energy actions during his first week in office to include the gleeful cancellation of the Keystone XL Pipeline from Canada to the US Gulf Coast.

On the cutting room floor lies 900MM barrels per day lost to the Keystone XL Pipeline cancellation. Alas and alack!

Many will say these singularly targeted Executive Orders began the relentless and cruel rise of inflation from the 1.4% that Trump bequeathed to his successor.

The “many” would be right. Just look at this chart.

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Hold On On That Victory Lap, Amigo

So the Biden White House put on their jogging shoes and took a victory lap last week because “. . . IT IS WORKING!”

“It” is, of course, the admin’s brilliant inflation reduction plan – a highly secret document, apparently – that resulted in PPI (Producer Price Index – the price of things on the manufacturers’ dock before it arrives at the consumer) “falling” from 8.4% in September 2022 to 8.0% in October.

Yeah, yeah, yeah, right?

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FTX – Tom Brady Is In – ARE YOU?

There is little to be added to the colossal shit storm that is FTX.

Thousands of people lost millions of dollars directly (Sequoia $213MM) or indirectly (Ontario Teachers’ Pension Plan $95MM). Wow, that is a lot of teacher pension money.

Crypto Wunderkind Sam Bankman – Fried who raised $1.7B in funding over 7 rounds since 1 Jan 2018.

The enablers are coming out of the woodwork to ensure that everybody knows this is NOT an indictment of the entire Crypto World or WebIII. Good luck with that.

It is just some low grade incompetence or imprudence with a possible bit of criminal behavior – the SEC and the FBI are looking into that wrinkle.

What is not happening is any chatter from FTX’s celebrity endorsers. Continue reading


Election Season v Election Day

With the (unfortunate or fortunate, your pick) results of the mid-terms still smoldering, it is worthy of some discussion as to how the Dem and Reps view the actual process of casting a ballot.

It is easy to say:

 1. The Dems take an “all of the above” approach to voting; whilst,

 2. The Reps focus – to their detriment – on casting ballots on Election Day Continue reading


A Short Primer on Inflation

The markets were gaga today with an inflation report of 7.7% (annual rate) down from 8.2% the prior month (40-year high) and a monthly rate of 0.4%.

Those are the numbers, but folks seem unable to understand how they apply. So, please allow me to provide an example.

 1. Suppose a year ago, a dozen eggs cost $2.00. With me? Continue reading


Trump Sell By Date Arrives

Donald J Trump expected to announce his 2024 candidacy for President next week in the warm glow of a transformative Republican red wave election.

That will not happen — he may decide to run for President, but there is no Republican red wave election glow.

In fact, there are a great many people who are blaming Trump for the election’s outcome. Continue reading


Why The Democrats Got Shellacked in the Mid-term Election Explained

In much the same way that Putin publishes the results of his elections a couple of days before Election Day, I will now, right here, reveal what the media and pundits will say on the backward looking shows on Wednesday morning after the Dems drown in a RED WAVE.

“Suburban women abandoned the Dems over pocketbook issues like inflation and the economy.” Continue reading