I'm not sure the "war on energy" has even reached the beginning of the beginning, at this point.
Dementia Joe's reflexive hostility to fossil fuels is beyond dispute, and the Progressive obsession with (not really) "clean energy" borders on the psychotic--yet the oil and gasoline futures markets are not showing the hikes that the tightening supply one would expect from the anti-energy policies of the White House would suggest.
The data does not add up on that point, and that is something no one should overlook. Either the PPI has managed to capture a cost factor not yet appearing in commodities markets (which seems unlikely) or the PPI is well wide of the mark on energy prices, which pretty much ruins the whole report. Something is off with the energy index within the PPI.
Yes, the war on our energy hasn't even reached "the end of the beginning."
I'm not sure the "war on energy" has even reached the beginning of the beginning, at this point.
Dementia Joe's reflexive hostility to fossil fuels is beyond dispute, and the Progressive obsession with (not really) "clean energy" borders on the psychotic--yet the oil and gasoline futures markets are not showing the hikes that the tightening supply one would expect from the anti-energy policies of the White House would suggest.
The data does not add up on that point, and that is something no one should overlook. Either the PPI has managed to capture a cost factor not yet appearing in commodities markets (which seems unlikely) or the PPI is well wide of the mark on energy prices, which pretty much ruins the whole report. Something is off with the energy index within the PPI.
Agreed.