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Inflation

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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.
 
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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. :2twocents
 

over9k

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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. :2twocents
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

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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

But first, let me consult my goldfish
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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.
 
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