SEPTEMBER 13, 2023 – The September report came in at 3.7%, just below my forecast of 3.5%-3.6%. The 3-month annualized inflation rate is 3.9%. The 6-month annualized inflation rate is 4.1%. These figures are slightly above the annualized rate (3.7%) and thus indicate the annual CPI should not change much.
Based on the data, my prediction for next month’s figure is 3.8%. Due to oil prices steadily increasing, I do not think 3.9% can be ruled out.
I think the 3.8%-3.9% range will remain the same for the November report, also. Then watch out as the next two reports should show annual CPI for 2023 to be above 4%. That should not make the Fed happy.
OIL – A quick note for all of the happy plants on Earth. We are at a record level of 105 million (!) barrels of oil being used everyday. We have surpassed the prior record that occurred in 2019 before the Pandemic. The death of fossil fuels has been greatly exaggerated. In fact, there appears to be a direct correlation between more Electric Vehicles (EVs) and more oil consumption. This is not a surprise to anyone outside the misinformation environmentalist community. More electric usage means more fossil fuel usage. Which, of course, helps the planet’s plants as they live on CO2. As production is running at only 103 million barrels per day, the shortage will continue to drive oil prices higher. Which will contribute to inflation edging higher.
For a moment, you should sit and try to comprehend how much oil 105 millions barrels is. There are 42 gallons in a barrel. That is a mindboggling amount of oil being used everyday. For decades in the past and decades in the future. How much oil is/was in the Earth?!?!? Seems like the Earth is a giant oil ball. And if we use all that oil and it turns to CO2 or such, will the Earth become much lighter than it was? How many dinosaurs did it take to create all of this oil? Thankfully, humans saw the opportunity for sustainability and found a way to recycle all of the dinosaurs. We definitely have at least 30-50+ years more of recycling ahead of us. Environmentalists, you are embarrassing failures.
Til next month’s report.
Shalom,
The Mann
Tag Archives: EV
PLANTS WORLDWIDE THANK YOU !!!!
UPDATE JANUARY 19, 2023 – More good news for plants and the planet! The IEA sees oil demand at a record high in 2023. When will Al Gore, Greta whatever her name is, and other climate change hoaxers finally say it is too late to save the planet and save us all from hearing their BS drag on and on. FYI, humans have lived in global temps higher than today at least 4 times in the past. They adapted to temps 1-3 degrees Celsius warmer than today. Given our advances in civilization over the past 12,000 years, it is likely humans will adapt just fine if we go to what we think would be record highs. You youngsters will get to see how it goes.
UPDATE DECEMBER 25, 2022 – First, Merry Christmas and Happy New Year! More quotes from Bloomberg below. There is no way this world can depend solely on so-called sustainable (an inaccurate word) energy sources. Fossil fuels are the only way until fusion is fully in place. Bloomberg quotes follow:
Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in the face of a winter massive storm. The six-state grid relied on oil for at least a third of its power generation and for as much as 40% at times on Saturday, ISO New England data show. Natural gas provided as little as 15% by mid-afternoon.
Fossil fuels gained share on other grids. After the wind died down in Texas on Friday, gas accounted for 73% of power generation that night with coal making up the bulk of the rest. Coal also gained share in the Central US grid operated by the Midcontinent Independent System Operator.
UPDATE DECEMBER 22, 2022 – Hopefully, the climate change propagandists will continue to admit it is now too late for us to stop the climate change hoax from happening. It is funny to watch someone say it is now too late to be followed by someone else saying we need to act now. Bloomberg quotes follow:
Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals. Europe’s largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years, data compiled by Bloomberg show. It’s also poised to be one of the few nations to increase coal imports next year. “Everyone is keeping their climate targets, but it’s true that when you face the dilemma to keep the lights on or decrease carbon emissions, the choice is to keep the lights on,” said Carlos Fernandez Alvarez, the acting head of gas, coal and power at the International Energy Agency.
DECEMBER 19, 2022 – Global coal use will surpass 8 billion tons for the first time ever!!! That is over a ton for every child and adult in the world!!! This year surpasses the previous record in 2013. That says a lot considering all of the failed ‘green’ attempts that have occurred in the past 10 years. Keep making EVs so we can use more and more coal! Also, coal prices are up 70% this year. It goes to show people can afford to pay a lot more for energy than they had been. Unless you push prices up and up you will never reach the top in revenue. After all the beating they take from the tree huggers, congrats to the coal companies for finally making a killing. Spend that money wisely!
Thankfully the use of coal produces huge amounts of CO2, which plants need to survive. We are doing exactly what we need to keep this planet healthy. Our survival depends on defeating all ‘green’ initiatives. We are doing just that.
From the bottom of their roots, plants worldwide thank us for an abundant supply of CO2.
Merry Christmas and Happy New Year!
Shalom,
The Mann
GAS VERSUS ELECTRIC VEHICLES
FEBRUARY 7, 2022 – This is an excellent article comparing the two types of vehicles.
Do Electric Cars Pencil Out? – EPautos – Libertarian Car Talk (ericpetersautos.com)
Of course, there is a lot more damage to the planet from using huge amounts of electricity as hundreds of major power plants will be needed to address the increased demand. And most of the plants will have to depend on oil and gas. Keep buying gas only vehicles if you want to help the planet.
Shalom,
The Mann