Winter should be 1% colder than last winter. A mere four inch snowfall crushed the grid here in San Antonio last winter. Natural gas prices are already at $ 5. Team Biden is doing everything to prevent the energy independence of the United States. Pipelines have been canceled, drilling on federal lands banned, and hostile EPA and Energy secretaries complete the anti-energy mix.
As previously reported, Team Biden is looking to OPEC and Russia for more supply. I read that the Department of Energy is finally worried that oil prices will drop back to $ 100. It will not help in the next election. But given their opposing position, what did they expect?
We expected the stock market to peak in this time frame and it came on time. But the majority of stocks are down from the February high. The overweighting of FANG stocks in so many indices kept averages high. But even now Amazon and Facebook are experiencing weakness.
Expect prices to drop in late October, then rebound followed by a second low in November.
I had another birthday this weekend and have mixed feelings. I survived my parents, but I appreciate that I live in a somewhat diminished technological era for example
- My idea of ââa laptop that can be accessed anywhere and anytime is a Big Chief tablet and pencil, the upgrade is a yellow lined notebook.
- My concept of Google Groups is a phone line.
- My concept of just in time is a cold six pack in the refrigerator.
- My concept of the Apple Fit Bit fitness watch is John Cameron Swayze demonstrating a mechanical 1961 Timex attached to an outboard motor – it takes a lick and keeps spinning!
- My concept of Google glasses is that of progressive bifocal glasses.
- My concept of distance education is a library book.
- My concept of high speed stock trading is a phone call.
- My concept of COVID vaccination is that lump of sugar with the pink Salk vaccine we all took at Paul Horn Elementary School in Bellaire, Texas, circa 1955-56.
- My concept of clean air is to ride the chairlift to the top of Snowmass in Colorado at about 10,000 feet; magnificent view for miles around.
- My concept of clean water is all over the Caribbean over 200 miles from Miami
And finally my concept of motivation: you will be given a pair of boot straps with which you will have to go up …