Weekly jobs report: link here -- again, economists expected first time claims to rise; in fact, they dropped, and they dropped significantly.
- consensus: 238,999
- prior: 236K
- actual: 225K
First time claims, unemployment benefits: 275,000 (> 250,000: economic stagnation)
***********************************************
Connecticut, Illinois
Connecticut comes up short .... again. WSJ. Halfway into the budget year, sales and income tax revenues have come in over $200 million under projections.
Illinois drives people away --- WSJ. The taxpayer migration continues from the Land of Ever Higher Taxes.
North Texas, DFW area: I don't think I've ever seen so much growth, so much constructions in an area already pretty mature.
***********************************************
China -- Coal
Huge story this week: China suffers natural gas shortage as coal ban backfires. Chinese authorities have commandeered supplies of natural gas to heat
homes, forcing chemical plants and factories to shut down, after efforts
to clear smog-choked air by banning coal use backfired by causing
energy shortages in frigid weather. Huge story: gets very little play in the US.
***********************************************
Back to the Bakken
Active rigs:
$56.24↓ | 12/14/2017 | 12/14/2016 | 12/14/2015 | 12/14/2014 | 12/14/2013 |
---|---|---|---|---|---|
Active Rigs | 51 | 40 | 64 | 181 | 191 |
RBN Energy: natural gas market balance, prices hinge on cold weather.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.