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Friday, February 11, 2022

Notes From All Over -- Mid-Morning Edition -- February 11, 2022

Renewable energy: the Great Climate Backslide: how governments are transitioning back to fossil fuel. Bloomberg.

Reality sucks: the last time inflation was here, February, 1982, the Fed funds rate was 15%.

Fed rate: Not once ever, has raising the Fed rate turned out to have a good outcome. Needs to be fact-checked.

Day late, dollar short: not only is the IEA warning that OPEC+ may not be able meet supply demand, now IEA is warning that world demand will reach 100 million bbls a day in 2Q22, a quarter earlier than earlier forecast. Link here. A 50-million-bbl crude oil release from the US SPR will provide twelve hours of demand. 

Supply: the crude oil market is incredibly tight. Link here.

Canadian truck convoy: socialist condemn workers of the world for uniting. Link here. Speaking of which, have any of the following weighed in: Bernie Sanders? George Soros? Robert Reich?

Travel: four scenic road trips tailored for this spring. The WSJ. I've taken three of the four:

  • Santa Fe, NM, to Denver: 715 miles
  • Panama City to Miami: 700 miles
  • Los Angeles to Mendocio: 700 miles
  • New Haven, CT, to Bar Harbor, Maine: 672 miles

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Distracted Driving


At least he came to a full stop at the four-way intersection.

2 comments:

  1. The WSJ needs a different routing app LOL I knew the Santa Fe to Denver mileage was way off and Google says the other 3 are off as well. Just something an oldtrucker notices.

    ReplyDelete
    Replies
    1. They did not take the direct route. They took a scenic route. The Colorado trip, via Naturita, CO is measured at 692 miles according to Google, almost exactly the 700 miles quoted in the article.

      Check out the very circuitous route, which included "backtracking," on the California trip. They could have added another hundred miles or so had they visited the "Hearts Castle" at San Simeon.

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