Supply chain backups and shortages are causing all kinds of consumer woes, including low or missing stock.
10/21/2021 9:28 AMCalifornia's governor has issued an executive order to address the shortage of truck drivers and container storage to try to move critical cargo out of the state’s ports and alleviate congestion. The order directs agencies to find state, federal and private land for...
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Schachter’s Eye on Energy – October 20th
10/20/2021 1:06 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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What’s Made from a Barrel of Oil?
10/20/2021 11:33 AMFrom the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives. With around 18 million barrels of crude oil consumed every day just in America, this commodity powers transport,...
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B.C. to reopen sports arenas, concerts to max capacity
10/20/2021 10:13 AMCanucks players will likely be hearing more cheers from the crowd at Rogers Arena than previously expected when the puck drops for the NHL team’s home-opener next week. Provincial health officer Dr. Bonnie Henry announced Tuesday B.C. would return to 100% capacity at...
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Peter Thiel says bitcoin at $60,000 is a sure sign the ‘decrepit’ political system is about to implode
10/20/2021 9:59 AMThe US political system is not sustainable and the skyrocketing price of the decentralized cryptocurrency bitcoin underscores that point, says tech billionaire Peter Thiel, according to a report from The Information. "I don't know that you should put all your money...
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Statistics Canada: Inflation increases at fastest rate since February 2003
10/20/2021 9:43 AMInflation exceeded the Bank of Canada’s control range for a sixth straight month, worsened by supply chain bottlenecks that are proving stubbornly persistent. The consumer price index rose 4.4 per cent in September from a year earlier, Statistics Canada reported...
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John Catsimatidis: $100 Oil Is Likely
10/19/2021 11:20 AMWith oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food business, told FOX Business on Monday. “With oil nearly at $84 this morning, we are going to see $100 oil, it looks...
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A North American Battery Supply Chain Emerges and Canada Poised to Become Key Player
10/19/2021 10:49 AMHi all, James Frith here again this week. I want to look at how Canada is re-positioning itself to take advantage of the growing electric vehicle supply chain, after years of overlooking the battery industry. Despite having all of the critical ingredients for...
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More price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
10/19/2021 10:44 AMWhat P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked Procter & Gamble [PG], which makes a broad range of consumer and health-care products, released its quarterly earnings today. Let me give you the short form: Sales up...
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Mark Cuban says that bitcoin will be ‘the safe haven of crypto’ with one ‘huge advantage’
10/19/2021 10:14 AMTo billionaire investor Mark Cuban, bitcoin has a major edge over other cryptocurrencies. It has “a HUGE advantage” in that it has “ZERO competition” as a store of value, Cuban tweeted on Saturday. Cuban even calls bitcoin “the best store of value on the market.” In...
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