Peak Oil Deferred

Written by Sig Silber In 1956 Marion King Hubbert, The Chief Geology Consultant (some say it is more correct to refer to him as a research geophysicist) to Shell Oil, shocked the World by proclaiming that the production of U.S. crude oil would soon peak and then rapidly decline. His projections for U.S. oil production …

June 2013 CPI Inflation Continues to Accelerate

by Doug Short and Steven Hansen The June 2013 Consumer Price Index (CPI-U) year-over-year inflation rate again rose moderately from 1.4% to 1.7% . Core inflation (CPI less food and energy) declined from 1.7% to 1.6%. The dynamics were that energy costs were the big driver this month with minor supporting roles from food, apparel, …

May 2013 CPI Movement Continues to be Moderate – 1.4% Year-over-Year Inflation

by Doug Short and Steven Hansen The May 2013 Consumer Price Index (CPI-U) year-over-year inflation rate rose moderately from 1.1% to 1.4% . Core inflation (CPI less food and energy) was unchanged at 1.7%. The dynamics were mixed but most movements in prices were moderate – with little one can say drove inflation in May. …

Fed’s QE Has No Impact on Full Time Jobs, Ratio Stuck at 1983 Levels

by Lee Adler, Wall Street Examiner In Part 1 of this report we looked at non-farm payrolls, which come from the BLS the Current Employment Statistics Survey or CES, a survey of business establishments. The BLS also does a survey of households. The household survey or CPS — Current Population Survey– sometimes tells a different …

April 2013 CPI Moderates to 1.1% Year-over-Year Inflation

by Doug Short and Steven Hansen The April 2013 Consumer Price Index (CPI-U) year-over-year inflation rate fell from 1.5% to 1.1% . Core inflation (CPI less food and energy) fell slightly also from 1.9% to 1.7%. The dynamics were large decreases from the gasoline index (which is not part of core inflation), and some inflationary …