The U.S. has gone from a big-time net importer of oil to a small-time one. The latest base-case forecast from the EIA is that it will be a “modest net exporter” from 2029 through 2045.

The report says the US will be a net exporter of oil until at least 2049, never thought I’d see the day. https://www.eia.gov/outlooks/aeo/pdf/AEO2018.pdf   The oil market has changed a lot over the past decade. Here, for example, is the latest …

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Emerging Market Contagion

via Kevin Muir Wild day in the markets. Emerging markets are getting crushed like a 1980s teenage nerd asking the head cheerleader to prom. As I write this, the EEM ETF is down roughly 3% on the day, and down more …

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Price inflation, the sinister byproduct of printing more and more fiat currency (which is the literal definition of ‘inflation’), means that even though the average US hourly wage has risen from about $4 in 1971 to $22.65 today, in actually buys less.

via pewresearch: On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for …

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TODAY STRAWS, TOMORROW BALLOONS?

via powerlineblog: Did you think leftist do-gooders would stop after getting plastic straws banned in a variety of locations? Of course not! Next up, balloons: Now that plastic straws may be headed for extinction, could Americans’ love of balloons be deflated? The …

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