- US consumer confidence took a pretty significant hit in December, no doubt on account of the fiscal "cliff" (more of a largish step than a cliff, really).
- The mathematics of compromise in the House of Representatives don't look so great.
- 2012's weather in the US really was pretty crazy. It's sobering to look back over the list. The weather was extremely strange in the UK too.
- Chicago's longest ever period without snow just ended.
- $7/gallon for milk next year?
- The Energy Grinch strikes.
- Interesting post from Euan Mearns on the oil potential of Iraqi Kurdistan. I take it as evidence for the proposition that Iraq does have the reserves to produce a lot more oil than it has been.
2 comments:
$7/gallon milk?
I don't usually do the supermarket shopping, but last week I noticed various roast beef cuts going for $17.99 to $23.99 a pound....not that we usually buy roast beef anyhow, but....WOW!
I guess people aren't eating beef all that much anymore. It also shows the effect of nationwide drought on hay and grain prices (and, of course, the ongoing effects of grain diverted to biofuel production.)
If I end up relocating to Maine full time, there is certainly a couple of head of cattle in my future.
And here is one link:
U.S. Oil Rigs Decline by Most Since 1992 in Baker Hughes Count
In the bloomberg article is a funny statement that the decline in the oil rig count is a result of "more efficient" technology. Well, I did not know that peak oil is a result of "more efficient" technologies.. :)
Alex
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