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Oilprice.com (November 18)

2021/ 11/ 20 by jd in Global News

“The real reason that Big Oil won’t raise production is a matter of simple economics. Keeping the supply tight is just too good for the bottom line…. In fact, according to figures from Deloitte LLP, oil explorers in the United States are making more money now than at any other point in the more-than decade-long history of the nation’s shale revolution.”

 

Bloomberg (November 1)

2021/ 11/ 01 by jd in Global News

“China’s economy showed signs of further weakness in October as power shortages and surging commodity prices weighed on manufacturing, while strict Covid controls put a brake on holiday spending.” The purchasing mangers’ index shows “the economy is under pressure from both the supply and demand side.”

 

South China Morning Post (October 18)

2021/ 10/ 18 by jd in Global News

Coal prices have “more than tripled in a year to near historical highs” and look poised to keep climbing, driven by a coal shortage that could threaten the global economic recovery. “Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis.”

 

The Economist (October 9)

2021/ 10/ 10 by jd in Global News

“Spending has come roaring back, as governments have stimulated the economy and consumers let rip. The surge in demand is so powerful that supply is struggling to keep up. Lorry drivers are getting signing bonuses, an armada of container ships is anchored off California waiting for ports to clear and energy prices are spiralling upwards. As rising inflation spooks investors, the gluts of the 2010s have given way to a shortage economy.”

 

Seattle Times (April 25)

2021/ 04/ 26 by jd in Global News

“Even as optimism abounds in the United States, where cases are in steep decline and the vaccine supply has begun to exceed the demand,” fueled on by new variants, the pandemic “has reached one of its bleakest points.” Last week brought a record 5.7 million new COVID-19 infections worldwide, “nearly double the seven-day average in late February. The death toll — now approaching 3.1 million — grew by more than 87,000.”

 

Wall Street Journal (February 5)

2021/ 02/ 07 by jd in Global News

“Basing eligibility in stages from oldest to youngest from now on is simple, scientific and fair. As supply increases, this will be the fastest way to inoculate the most people, reduce demands on the health-care system, and allow more businesses to reopen. Interest groups will complain, but the public will understand and politicians won’t take the inevitable grief for favoritism.”

 

The Economist (July 18)

2020/ 07/ 20 by jd in Global News

“Big change is coming, as countries around the world adopt cleaner sources of energy. Peak demand for oil may still be years away, but covid-19 has given the Middle East and north Africa a taste of the future. Prices of the black stuff plummeted as countries went into lockdown…. Even when the virus recedes, a glut of supply will probably keep prices down. Faced with budgets that no longer add up, Arab states must adapt.”

 

New York Times (June 25)

2020/ 06/ 26 by jd in Global News

“On Wednesday it was as if the country had found itself back in March — at the start of the pandemic, in the early days of the lockdown, when masks were in short supply and when the death toll was skyrocketing.” The U.S. “reached another grim milestone on Wednesday as it reported 36,880 new cases,” breaking the previous high set on April 24. Instead of containment, new cases “have roared back in recent weeks.”

 

The Times of India (March 26)

2020/ 03/ 27 by jd in Global News

“On day one of lockdown, supply of fruits and vegetables took a hit, despite the government having marked it out as an ‘essential service.’ Wholesale suppliers…say there are multiple logistics issues.” The largest “is the closure of state entry points and tolls across India. Some 1.2 crore trucks are said to be stranded across India” with some drivers “getting no food or water as dhabas remain closed for miles along highways, even as essentials rot inside the trucks.”

 

New York Times (February 12)

2020/ 02/ 13 by jd in Global News

“The coronavirus outbreak in China has generated economic waves that are rocking global commodities markets and disrupting the supply networks that act as the backbone of the global economy…. Whether the downturn is a blip or a serious shock is as much a question of epidemiology as economics.”

 

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