Joe Biden: “when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger…”

View post on imgur.com https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/05/23/remarks-by-president-biden-and-prime-minister-fumio-kishida-of-japan-in-joint-press-conference/ BIDEN NOW : WHY ARE OIL AND GAS COMPANIES NOT DRILLING AND INCREASING CAPACITY ??? BIDEN IN THE LAST 18 MONTHS: pic.twitter.com/YWXDToi75s — GURGAVIN (@gurgavin) June 13, 2022   h/t dr0id

A Quick Word on EVs and Oil Prices

by Chris Black I remember reading a few years ago that synthetic gasoline made from coal would be profitable at $2 per gallon.  The easily available coal reserves of America could produce enough synthetic gas to fill every car for …

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‘Sharpest slowdown in more than 30 years’: Australian house prices continue to see widespread falls

by Boo_Randy The implosion of Housing Bubble 2.0 is going to be one for the books. Heckova job, central bankers! https://www.news.com.au/finance/real-estate/buying/sharpest-slowdown-in-more-than-30-years-australian-house-prices-continue-to-see-widespread-falls/news-story/3c9d6334b230fc2381f8928819cbeb62 Australian house prices have continued to see widespread falls in June as interest rate hikes spark the “sharpest slowdown …

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Mish Shedlock: Home Prices Have Peaked

Home Price Disconnect Notes National is the Case-Shiller national home price index. 10-City represents the weighted average of the cities in the first chart. CPI is the Consumer Price Index OER stands for Owner’s Equivalent Rent. It is the single largest component …

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Truck drivers quitting over fuel prices

This will kick the recession in to overdrive. Prepare for shortages. HOUSTON — Diesel prices are setting records, nationwide, as a gallon of the fuel now averages $5.72 as of Wednesday. Drivers fueling up at a truck stop in east …

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ECB should be worried, look at the Italian 10-year! Swiss producer & import prices inflation surged to new high since Sep. 1981!

ECB should be worried, look at the Italian 10-year! pic.twitter.com/aYVMqx8Eux — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) June 15, 2022 🇪🇺 #ECB to hold unscheduled meeting to discuss market rout – Reutershttps://t.co/MGGztySGrS — Christophe Barraud🛢🐳 (@C_Barraud) June 15, 2022 …

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Food prices set to soar even MORE: Kraft, Tyson and McDonald’s owners say higher fuel, labor and ingredient costs will be passed on to customers

Food prices set to soar even MORE: Kraft, Tyson and McDonald's owners say higher fuel, labor and ingredient costs will be passed on to customers  https://t.co/QcRLkVgTSt via @MailOnline — WTF (@chrisalbertell1) June 12, 2022 The already exorbitant prices American consumers …

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UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. Some folks can’t afford to travel to work.

🇬🇧⛽️ UK has the second-highest petrol prices in the G20 — only French pay more. – UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. – US drivers also face their highest gas prices on record, but still pay only about …

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