Re: The Shining City Upon a Hill
Biden Admin Waived More Sanctions on Iran as Nuclear Talks Restarted – Geller Report
Biden Admin Waived More Sanctions on Iran as Nuclear Talks Restarted – Geller Report
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Re: The Shining City Upon a Hill
Watch the video monitor in the upper left hand corner of the twitter video. You might want to go full screen to see it better.
Biden Makes Odd Gesture At Start Of Video Meeting With Putin - Conservative BriefComment
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Re: The Shining City Upon a Hill
Finally some relief: Gasoline and natural gas prices are falling
Americans grappling with historic levels of inflation are finally getting some relief where they need it most: Previously-booming energy prices.
After a relentless rise, prices at the pump are heading south. The national average price for a gallon of regular gas fell to a seven-week low of $3.35 a gallon on Tuesday, according to AAA.
The outlook for home heating costs this winter is also improving significantly. Natural gas futures been nearly cut in half over the past two months. Natural gas plunged by more than 11% on Monday, its worst day in nearly three years.
Energy sticker shock has been one of the biggest drivers behind the 31-year high in inflation. Cooling energy prices, if they last, could take significant inflationary pressure off the US economy and inspire confidence among bummed out consumers.
"This is going to help consumers considerably," Robert Yawger, director of energy futures at Mizuho Securities, said referring to the plunge in natural gas futures.
Prices at the pump started leveling out as rumors swirled that the Biden administration would intervene in energy markets.
By the time President Joe Biden announced on November 23 the biggest-ever release from the Strategic Petroleum Reserve as part of a coordinated release with other countries, oil prices were about 10% below their peak. That's even though Biden's decision to tap the SPR is viewed as more of a Band-Aid than a long-term solution.
Gas prices, which move with a lag, started to drift lower soon after. Yes, prices at the pump are still at high levels. Regular gas is now fetching $3.35 a gallon, up from $2.16 a year ago. But they have finally stopped going straight up.
White House applauds lower prices
After months of criticism for high inflation, and high energy prices in particular, the White House is cheering the shift in direction.
"We see price decreases at the pump as good news. This is at least in part due to the President's actions - as we have taken bold action to increase supply and bring down prices,".
Biden expressed hope last week that gas prices would head lower.
"These savings are beginning to reach Americans, and should pick up in the weeks ahead. And it can't happen fast enough," Biden said on Friday.
Of course, the US-led intervention in energy markets is only one part of this.
The other part is more ominous: Oil prices took a big hit after the emergence of the Omicron coronavirus variant set off fears of weaker demand for gasoline, jet fuel and diesel. Crude collapsed on Black Friday by the most since April 2020.
In recent days, oil prices have rebounded, along with the stock market, as Wall Street reacts to anecdotal evidence that suggests Omicron symptoms have been mild.
Crude surged nearly 5% on Tuesday to $72.80 a barrel. That leaves it up 10% since Friday and suggest the relief at the pump could be short-lived.
Natural gas collapses
Meanwhile, natural gas remains sharply higher on the year -- but has cooled off considerably in recent weeks.
In early October, as fears of a European-style shortage swirled, natural gas hit $6.47 per million British thermal units. That was the highest level since February 2014..
But that rally has completely reversed. Natural gas fell 11.5% on Monday, its worst day since January 2019, to $3.66 per million BTU. That's the lowest level since July 15.
Natural gas has been driven lower in part by the fact that temperatures across the United States have been warmer than usual. That has eased demand for natural gas, the most common way to heat homes.
"The warmer-than-normal start to winter has alleviated concerns," said Christopher Louney, vice president of global commodity strategy at RBC Capital Markets.
Overdone shortage fears
The warmer temperatures have also helped boost inventories of natural gas, reducing fears that storage levels could drop to alarmingly low levels.
"The US isn't going to run out of natural gas. There is ample supply," said Rob Thummel, senior portfolio manager at energy investment firm TortoiseEcofin. "We could weather quite an extreme cold snap and still have adequate supplies."
Shortage fears on the natural gas front were overdone, especially considering the United States is the largest producer of gas on the planet. And natural gas production has ticked higher, helping to lower prices further.
"We are seeing the response of an efficient natural gas market to prices that were perceived as inordinately high," the American Gas Association, an industry trade group said.
Unlike Europe, the United States produces enough natural gas at home that it is able to export significant amounts everyday overseas in the form of LNG, or liquefied natural gas.
If anything, the natural gas market has gone from worry about a shortage to fretting about too much supply.
Futures market spreads are "warning that we are spiraling towards a glut. It's a big problem," said Mizuho's Yawger.
Of course, it's too early for the all-clear signal on the home heating front. Winter hasn't even officially begun yet and very cold temperatures in the coming weeks and months could spark a rebound in natural gas futures.
But for the moment, the energy market is offering glimmers of hope for inflation-weary American families.
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Re: The Shining City Upon a Hill
'I Have Neither Had The Time Nor Interest': Psaki Gets Testy When Asked About Hunter Biden - Conservative BriefComment
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Re: The Shining City Upon a Hill
This reminds me of trying to get an honest answer from a liberal.
James O'Keefe Confronts Project Veritas ProtestersComment
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Re: The Shining City Upon a Hill
You damn right there's more pressing matters.
1. The crisis at the border
2. Skyrocketing crime...especially in liberal cities.
Many of the democrat leaders should be in prison.Psaki breaks with AOC, Lightfoot on smash-and-grab robberies: 'We don't agree'
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
... this is your source?
F.B.I. Searches James O’Keefe’s Home in Ashley Biden Diary Theft Inquiry
NYT Published Nov. 6, 2021Updated Nov. 12, 2021
Authorities carried out a court-ordered search at the New York apartment of the Project Veritas founder two days after searching the homes of his associates.
Project Veritas has a history of targeting Democratic congressional campaigns, labor groups, news media organizations and others. The group conducts sting operations using hidden cameras and fake identities. At one point, Project Veritas relied on a former British spy named Richard Seddon to help train its operatives, teaching them espionage tactics such as using deception to secure information from potential targets.Comment
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Re: The Shining City Upon a Hill
Ford is doing ‘whatever it takes’ to double production capacity for electric F-150 pickup, says CEO
- Ford Motor is scrambling to meet the increasing interest in its soon-to-launch electric F-150 Lightning, CEO Jim Farley told CNBC on Tuesday.
- “Our [production] capacity is about half of what the demand is,” he said on “Mad Money.”
Ford Motor CEO Jim Farley told CNBC on Tuesday the automaker is scrambling to meet the increasing interest in its soon-to-launch electric F-150 Lightning.
“Our [production] capacity is about half of what the demand is,” Farley said an in interview with CNBC’s Jim Cramer on “Mad Money.”
The company has nearly 200,000 retail reservations for its electric pickup truck, which is set to arrive in dealerships by mid-2022. Those non-binding reservations require a $100 fully refundable deposit.
The F-150 Lightning is an important new offering for Ford, as the Dearborn, Michigan-based manufacturer aggressively pushes into the electric vehicles. The internal combustion engine version of Ford’s F-Series pickup has for decades been America’s best-selling vehicle, so investors and industry watchers alike are keeping a close eye on how consumers respond to an all-electric model.
Ford announced plans in September to add jobs at three facilities in Michigan to help expand manufacturing capacity for the F-150 Lightning. However, the company doesn’t just want to increase production for the electric pickup.
In a recent interview with Automotive News, Farley said Ford plans to increase its EV production to 600,000 vehicles by 2023, doubling the number the company initially thought it would make in that time period.
Demand for Ford’s Mustang Mach-E also is “about twice our production rate,” Farley told Cramer. “That’s why we’re committing in the next 24 months to get 600,000 units of capacity, but it’s going to take a lot of work by our team,” Farley said.
Farley appeared on “Mad Money” alongside Salesforce co-CEO Marc Benioff, after the companies earlier Tuesday announced a partnership for a new software offering geared toward tradespeople who drive the automaker’s commercial vehicles.Comment
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Re: The Shining City Upon a Hill
J6 Attorney: Undercover Law Enforcement Officer Passed Out Weapons to J6 Protesters Who Were Later ArrestedComment
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