Prices

Biden to meet with farmers as he seeks to cut meat prices

President Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation. The White House event occurs Monday afternoon as higher-than-expected inflation has thwarted Biden’s agenda. Consumer prices…

Nuclear-Powered France Has Electricity Prices Nearly Half That Of “Green”-Powered Germany .

France went all-in on nuclear power back in the 1970s and it’s paying dividends.  According to the Financial Times, French households now pay nearly half the price for electricity as “green”-powered Germany, which has been shutting down nuclear power plants and dumping money into “renewables.” France’s treasonous leader Emmanuel Macron, who revealed plans to shut…

Top OPEC Official Blames High Gas Prices On Global Shift To Renewable Energy

The Organization of the Petroleum Exporting Countries (OPEC), the powerful organization that oversees Middle Eastern oil production, blamed high gasoline prices on the shift toward renewable energy worldwide. “I have talked about a new premium that is emerging in the energy markets that I term the transition premium,” OPEC Secretary General Mohammed Barkindo told CNBC…

Restaurants Remove Crab From Menus Due To Skyrocketing Prices .

Restaurants have suffered throughout the virus pandemic, and the shortage of everything doesn’t seem to be waning anytime soon. We told readers in June about a worsening crabmeat shortage that sent prices soaring. Heading into September, crabmeat prices soared to record highs forcing restaurants to either pass along the costs to consumers or remove crab products from menus.  One…

Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline

Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline Tap here to add The Western Journal to your home screen.

Biden Vows to Raise Taxes on Fossil Fuel Companies as Gas Prices Spike (VIDEO)

Joe Biden on Wednesday traveled to Illinois to promote his gargantuan infrastructure bill. Biden was greeted by Trump supporters when he arrived in Crystal Lake. 78-year-old Joe Biden delivered speech at McHenry County College where he railed against the wealthy and fossil fuel companies and said they need to ‘pay their fair share’ in taxes….

U.S. Gas Prices Have Risen 40 Percent Since January 1st

Less than a year ago, the United States was energy independent and prices were at historic lows. In the six months since Joe Biden was sworn in as president, gas prices have risen by a staggering 40 percent. How did that happen? Maybe it has something to do with Biden’s hostility to the energy industry….

Gas Prices Hit 7-Year High, Stations Run Out of Fuel Going Into 4th of July Weekend

Gas prices hit a 7-year high as stations run out of fuel going into the 4th of July weekend. But at least there’s no mean tweets. The US national average price for regular gas is $3.10 per gallon – up 42% from this time last year. “Today, 89 percent of US gas stations are selling…

Biden to Cancel Oil and Gas Leases in Alaska’s Arctic Refuge Amid Rising Gas Prices

The Biden Administration will suspend all oil and gas contracts in Alaska’s Arctic National Wildlife Refuge amid rising gas prices. The national average price of gas per gallon in the US is $3.045 as of Tuesday, June 1. Gas prices have spiked in Southern California to $6 per gallon. Joe Biden is now freezing all…

Biden Failure: Memorial Day Gas Prices To Be Highest In Seven Years

Biden continues his destruction of America. As Americans celebrate Memorial Day, they are going to have to face the highest gas prices since 2014. The national average price of gas is $3.045 per gallon. Newsmax reported: TRENDING: Joe Biden Flirts with Little Girl at Virginia Speech, “I Love Those Barrettes in Your Hair… She Looks…

Biden's Federal Land Lease Ban To Send Oil Prices Higher: Goldman

Oil stocks tumbled following yesterday’s one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60-day moratorium on issuing oil and gas leases that affects all federal lands, minerals, and waters, which was followed by news that Biden was set to fully suspend the sale of oil and gas…

Steel Prices Are Exploding To Record Highs

One of our readers writes in that a client just got a letter from US Steel: “Dear valued client, effective immediately price of “seamless steel”  has gone from $900 to $1350 per net ton.” Yes, a 33% price increase. This is what the Fed would call “inflation” if only the Fed measures rising prices correctly….

China Imports Of Corn, Wheat Hit Record High Amid Soaring Food Prices

On the same day that China published a much stronger than expected (if largely laughable as we first noted and Michael Pettis subsequently confirmed) GDP print, making China the only major economy to grow in the “year of covid”, China customs data showed that grains imports soared to record highs in 2020 after tight domestic…

Chinese Lockdowns Trigger "Chaos And Panic" At Grocery Stores As Prices Soar 50%

China’s battle with increasing coronavirus caseloads hitting ten-month highs has undoubtedly clouded the economic recovery while officials have lockdown more than 28 million people across multiple municipalities, reported Reuters.  Hebei officials have put three cities – Shijiazhuang, Xingtai, and Langfang – into lockdowns last week to mitigate the virus from spreading further. Beijing authorities expanded…

Beige Book Finds Prices Rising Everywhere

One month after the November Beige Book toed the “modest recovery” party line with most of the Fed’s 12 districts characterizing economic expansion as the trite “modest or moderate”, even as four districts described “little or no growth” while five narratives noted that activity remained below pre-pandemic levels for at least some sectors, the economy…

Natgas Prices In Asia And Europe Sky-Rocket Amid Deep Freeze 

The price of LNG reached unprecedented lows in the spring of 2020; but, as OilPrice’s Venand Meliksetian points out, a year later, the revitalization of the market is a fact. Prices of the supercooled fuel in especially Asia have reached astronomic heights due to a combination of factors.  The most important LNG buyers-markets are in…

Amid Soaring Food Prices, Vietnam And China Buy Indian Rice For First Time In Decades

By Tyler Durden One month ago, we reported that SocGen’s bearish analyst Albert Edwards, who is traditionally well ahead of the curve, looked at charts of soaring food prices and was starting to “panic.” Edwards’ research report concluded by urging his readers to “keep a very close eye as to whether we see a repeat…

Amid Soaring Food Prices, Vietnam And China Buy Indian Rice For First Time In Decades

One month ago, we reported that SocGen’s bearish analyst Albert Edwards, who is traditionally well ahead of the curve, looked at charts of soaring food prices and was starting to “panic.” Edwards’ research report concluded by urging his readers to “keep a very close eye as to whether we see a repeat of the 2010/11…

America's Hospitals Prepare To Publish Prices On More Than 300 Medical Procedures For 1st Time

President Trump’s health-care policy ambitions didn’t receive much attention from the mainstream media, but as we head into the new year, some of his market-based reforms are starting to become reality. One of the most important is a directive requiring the nation’s biggest hospital chains to publish the rates they’ve agreed to charge various insurers….

Pfizer, GSK & Others Quietly Hike Prices On 100s Of Drugs

With just hours to go until the new year, Reuters reports that a group of the world’s largest drug companies is preparing to hike drug prices, defying President Trump to issue a last-minute rebuke, as he has done in the past. Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices…

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