Inflation

[Smurf1976]

The above would put indicate a will (not being forced) to close the sector.So higher price and shortages ahead

That’s my thinking too.

Of all industries one could possibly take workers away from, energy’s about the worst choice along with farming and critical transport.

To make it the actual first choice reeks of an intent to cripple production willingly.

 

[waterbottle]

Fed chairman concedes that the need to defeat inflation is so urgent that US interest rates will keep rising at the expense of growth and jobs. And has used the R word.

... everything else is noise

About time.

We knew this was coming since June.

 

[divs4ever]

The wealth-destroying impact of inflation never went away

The wealth-destroying impact of inflation never went away

Since 1980, inflation eroded 81% of purchasing power. $100,000 then can now buy only $19,000 worth of goods and servies. The longer money must last, the more we need ‘growth’ assets with inflation protection.

www.firstlinks.com.au

 

[over9k]

View attachment 146918

As I said previously, parity is on the way.

Still dropping

 

[over9k]

GOING WELL

 

[Smurf1976]

Fed chairman concedes that the need to defeat inflation is so urgent that US interest rates will keep rising at the expense of growth and jobs. And has used the R word.

... everything else is noise

Rarely in life does one receive a message so clear and blatant as the one being given by the Fed right now.

It's not a question of if the Fed makes a mistake and brings about a hard landing. Rather, they're being extremely clear that a hard landing is exactly what's coming and it'll be no mistake when it occurs.

Central banks might not be able to fix the supply side directly but they can achieve the end result of bringing supply and demand back to balance if they kill demand in a big enough way.

 

[over9k]

Rarely in life does one receive a message so clear and blatant as the one being given by the Fed right now.

It's not a question of if the Fed makes a mistake and brings about a hard landing. Rather, they're being extremely clear that a hard landing is exactly what's coming and it'll be no mistake when it occurs.

Central banks might not be able to fix the supply side directly but they can achieve the end result of bringing supply and demand back to balance if they kill demand in a big enough way.

Meanwhile, the GBP just dropped 2% just on the day, AUD's down 1.2%, U.S futures are all in the toilet and once again it is energy that's the only thing that's even going to be standing.

 

[over9k]

The decision to specifically target energy sector employees for military service is the biggest story of the lot in my view.

If you're going to take effectively your entire energy sector workforce and send them off to war well it's a given that your energy production's going to fall in a heap rather spectacularly.

I've been thinking about this. There has to be a reason. We (and the russians themselves) know that their chief problem has been logistics and the ukrainians know it too.

Have they conscripted energy personnel for the precise purpose of improving their logistical (fuelling) situation?

 

[over9k]

USA the best of a bad bunch

 

[waterbottle]

Crude just broke through $80, not sure if energy has anymore legs to stand on

Looks like markets are finally pricing in recession

 

[waterbottle]

Meanwhile in Europe....

London Banks Prepare For Possible Blackouts | OilPrice.com

London banks are preparing their contingency electricity supply plans in case of a blackout this winter

oilprice.com

 

[over9k]

Meanwhile, the GBP just dropped 2% just on the day, AUD's down 1.2%, U.S futures are all in the toilet and once again it is energy that's the only thing that's even going to be standing.

Make that 3%:

 

[over9k]

And it's... a... slaughter.

But is it the bottom. Hmmm.

 

[mullokintyre]

And it's... a... slaughter.

But is it the bottom. Hmmm.

Nah, we aint seen nothin yet.
The Black night has only cut a hand off.
need arms and legs yet.
Mick

 

[over9k]

Nah, we aint seen nothin yet.
The Black night has only cut a hand off.
need arms and legs yet.
Mick

Seasonality to contend with too. I usually have a rule that any double-digit moves are bought or sold on. Hmmm.

The fact that it's friday and damn near anything could happen over the weekend (putin) might mean a holdoff until monday.

 

[moXJO]

Meh.
I'm buying a few things. Everyone is talking doom (and although I agree) I'll run counter.

I do believe prices need to tank to a new normal though.

 

[frugal.rock]

Back the truck up on NRGU... $312.13

 

[over9k]

Back the truck up on NRGU... $312.13

BOIL's moved 10% just on the day too (down to 50, then up to 55, then back down again, now at 58). Hence my previous comments about the itchy trigger finger.

 

[over9k]

Back the truck up on NRGU... $312.13

307 now. previous bottom was 242 before a massive rebound. Kind of tempted to throw a few buys in with some now and then some at 287, 267, 247 etc...

 

[over9k]

Meanwhile, any cash you had sitting in USD has run 1.7% just on the day