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Bangladesh police break up protest over gas price increase

DHAKA (Reuters) - Bangladesh police used tear gas and water cannon to break up hundreds who took to the streets of the capital on Tuesday in protest against an increase in the price of gas.

US: Traffic Congestion Worsens as Transit Ridership Falls

Traffic congestion cost American drivers more than $295 billion in 2016, a new study finds, as a recovering economy and sustained low gas prices put more drivers on the roads.

Beyonce's Coachella Cancellation, Ticket Resale Prices Go Up!!!

Beyonce's Coachella cancellation didn't cause resale prices to plummet... in fact, it's been quite the opposite -- tickets actually went up in price. When Bey pulled the plug Thursday, the cheapest resale GA pass was going for $540 on StubHub.…

Nintendo Could Be Back in Gaming Big Time With Its Switch, After the Disappointment of Its Wii U

Nintendo is readying to launch its edgy, millennial-focused new home/mobile hybrid entertainment platform and game console, Switch, on March 3. With a $299 price tag, the unit could be a game changer. “The novelty of a mainstream gaming system that...

US Natural Gas Market Bulls And Bears Caged 'Indefinitely'

The new reality is one where the battle between sources of supply and demand are so evenly matched that major imbalances naturally adjust before prices can spike or crater to the degrees we’ve seen in the past. Gone are the days of annual average benchmark prices north of $8.00 per MMBtu.

The Natural Gas Outlook For 2017

During this warm winter, natural gas prices have tanked. But, key demand markets are laying the foundation for higher prices, eventually. The U.S., for instance, is now exporting LNG to 20 countries.

Mother Nature Massacres Natural Gas Bulls

Submitted by Nick Cunningham via, Natural gas prices plunged to their lowest level since November on mild weather in the U.S., which has caused storage levels to decline at a much slower pace than expected. Contracts for March delivery on the Nymex exchange dipped to $2.63 on February 21, down a third since December. Show More Summary


INSTAPUNDIT READERS HAVE BEEN AWARE OF THIS FOR A WHILE: The Next Financial Crisis Might Be in Your Driveway. Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the […]

Lumo Energy Fined $10,000 For Misleading Customers Over Gas Price Hikes

Lumo Energy has been fined $10,800 by the Australian Competition and Consumer Commission for blaming the Australian Energy Regulator (AER) for price hikes on retail gas tariffs - that were actually a a commercial pricing decision made by energy company. More »      

Record Number Of Miles Driven In U.S. Last Year

6 days agoNews : The Two-Way

American drivers put 3.22 trillion miles on the nations roads last year, up by 2.8 percent from 2015. A better economy and lower gas prices fueled the increase, which highlights infrastructure needs.

Review: Michiguns MOACKS Plain Gas Key Staking Tool

Ever had a gas key that came loose? I know I have, especially with some of the bargain prices bolt carrier groups that I have bought over the years. The Michiguns MOACKS Plain is designed to allow the home gunsmith the ability to stake the gas key screws properly without expensive machines. Show More Summary

The Natural Gas Market 2-20-2017 (Video)

By EconMatters We discuss the fundamentals and technicals of the natural gas market in this video. A very mild winter with a year end run up in natural gas prices has led to quite the position unwind in this commodity. We have more Natural Gas Rigs than a year ago which could bring more future NatGas supply to market. Show More Summary

Here comes the Baker Hughes rig count ...

Baker Hughes will release its weekly count of US oil and gas rigs just after 1 p.m. ET. The tally of oil rigs, which plunged with oil prices in 2014, rose by eight to 591 last week. It was a fourth straight weekly rise that took the count more than 80% above the low reached in May 2016. Four gas rigs were brought online, taking the total to 149. Show More Summary

Bad news: real non supervisory wages have actually declined over the last year

by New Deal democrat Bad news: real nonsupervisory wages have actually DECLINED over the last year This morning’s inflation news was even worse than I expected based on the increase in gas prices. On a monthly basis prices rose +0.6%. Core prices rose +0.3%. More importantly, YoY CPI was up +2.5%.  Core YoY CPI was […]

Gas prices and likely January inflation to continue the stall in real wage growth

- by New Deal democrat Gas prices and likely January inflation to continue the stall in real wage growth A big relatively unnoticed concern over the last year has been the end of deflation due to the end of the decline in gas prices.  Coupled with really tepid wage growth, this is going to affect […]

Possible cronyism problem with Tom Price’s medical business transfer plan

To his wife, who is a GA state rep. on the Health and Human Services committee.

Obamacare repeal: Blind men and the elephant

Vicki Hopper, a constituent of Rep. Tom Price (R-Ga.) from Roswell, Ga., lost her job two years ago but has kept her insurance through the Obamacare exchange. She says the price is “high, but affordable” since the subsidy cuts her payment to $370 per month. On Wednesday, she met with staffers in the offices of […]

Ford plug-in hybrid sales rose 38% in 2016

Ford saw some significant year-over-year growth in its plug-in hybrid sales in 2016, despite gas prices that on average saw historic lows throughout the year. The total number of hybrids sold by Ford numbered 23,895 – which doesn’t seem like a lot, but in relative terms it’s a large jump, and Ford’s hybrid lineup is still relatively modest and focused on only a few… Read More

Linking subsidies to price paper

NBER has a really interesting (to me) paper on the economic and policy ramifications of linking subsidies to a non-fixed price versus a subsidy that is independent of price. This is very important to my thinking because my Silver Gap and Silver Spam ideas are effectively hacks that exploit the problems that this paper identifies […]

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