Energy

US Remains Energy Independent

Jul 5, 2022 2 min read

In America we just celebrated our Independence Day. We should also celebrate that we've been energy independent since 2019. So why are gasoline prices so high? Consider the following: (1) The latest data show that during May, the US produced 19.6mbd of crude oil and petroleum products, while petroleum products supplied (a measure of total demand) was 19.7mbd. (2) US crude oil field production rose to

Ed Yardeni

Oil Prices Might Be Peaking

Jun 24, 2022 2 min read

The best cure for high oil prices is high oil prices. They are boosting production, while weighing on demand. As a result, crude oil prices may be peaking, which would certainly help to cause overall inflation to peak. Consider the following recent developments: (1) US petroleum output rose to 19.4mbd during April, with crude oil field production rising to 11.9mbd, natural gas liquids at 5.5mbd, biofuels at

Ed Yardeni

A Horrible Week Even for Energy

Jun 18, 2022 1 min read

This was one of the worst weeks in one of the worst years, so far, for the stock market. Of the 100+ industries that we track in the S&P 500, only one was up, namely, Air Freight & Logistics. All the rest were down with more than half exceeding the 5.8% decline of the S&P 500. Keep in mind that the S&P 500

Ed Yardeni

Don't Bet Against American Consumers

May 17, 2022 1 min read paid

How much pain at the pump can consumers take? The national retail price of a gallon of gasoline soared to $4.59 during the May 16 week.

Ed Yardeni

Page 2 of 2

US Remains Energy Independent

Oil Prices Might Be Peaking

A Horrible Week Even for Energy

Don't Bet Against American Consumers