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Energy Independence

energy independence400x400We value energy independence where coal and oil industries flourish while maintaining the pristine quality of our land, air and water. We support clean coal production and clean fracking.

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Just How Transitory Is Inflation?

Just How Transitory Is Inflation? Authored by Michael Lebowitz via RealInvestmentAdvice.,com, Would you buy a five year CD paying 5%? We would be shocked if anyone answers “no.” On a relative basis, versus other fixed-income options, a 5% FDIC guaranteed CD is a no-brainer. However, to properly evaluate the CD or any investment, we need to factor in inflation expectations. If inflation for the next five years is 10%, the no-brainer CD will be a bust.  The pandemic is easing, and the winds of recovery are roaring at the economy’s back. Pent-up demand and the remnants of stimulus are driving robust economic growth. At the same time, the ability to produce and deliver goods remains greatly hampered. The result is inflation, the likes of which have not been seen in over a decade.   Making inflation forecasting even harder is considering how past and future monetary and fiscal stimulus might affect prices. Assumptions based on prior periods may prove right but may also be a recipe to lose 5% on a 5% CD. Given such a unique environment, we must be suspicious of confident media and Wall Street inflation narratives. This is a time where we must think for ourselves. To help you, we break down the 336 components and subcomponents of CPI to better appreciate what is driving the current inflation rate. In turn, this will prove helpful in thinking about future inflation rates. CPI Summary On July 13, 2021, the BLS released the June CPI report. The following table shows the headline results for the report. June’s prices climbed well above May’s levels, as well as almost all economists’ expectations. The monthly CPI change of +0.9 equates to an approximate 11% annualized rate. For those old enough to remember, the report brought back nightmares from the 1970s. Since

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Taliban Seeks International ‘Legitimacy’ In Meeting With Top China Officials

Taliban Seeks International ‘Legitimacy’ In Meeting With Top China Officials Amid the Islamist militant group’s unleashing chaos and a mounting civilian death toll on the Afghan landscape, and now in possession of at least half of the country’s districts, Talban leaders have traveled to China where “warming ties” were on display Wednesday in a meeting with top Beijing officials. China’s foreign minister Wang Yi hosted the visit of a Taliban delegation of nine Taliban leaders, including the group’s co-founder Mullah Abdul Ghani Baradar. Yi told reporters that China expects to “play an important role in the process of peaceful reconciliation and reconstruction in Afghanistan.” #Taliban leader visit in #China More to come… pic.twitter.com/HJPx1XTDZR — Serena Dong (@theserenadong) July 28, 2021 Clearly the Taliban are now seeking international “legitimacy” as they are poised to eventually retake the entire country via military force, particularly the Afghan capital of Kabul, which US intelligence admitted recently could be just six months away. Al Jazeera aptly commented on the question of legitimacy in the following:  Wednesday’s meeting in the Chinese city of Tianjin, which Taliban spokesman Mohammed Naeem said was at the invitation from Chinese authorities, was widely seen as a gift from Beijing towards that legitimacy. The Taliban were greeted with smiles and nods to the camera in Tianjin, the major port city in northeast China where a US delegation led by Deputy Secretary of State Wendy Sherman met with Chinese counterparts on Sunday into Monday for what was by all accounts a much icier reception. US vs Taliban in China pic.twitter.com/s0rS1wKInN — Carl Zha (@CarlZha) July 28, 2021 Sharing the stage with America’s longtime #1 terrorist enemy in Central Asia, a Chinese foreign ministry press statement said further:  “China has throughout adhered to non-interference in Afghanistan’s internal affairs … Afghanistan belongs to the Afghan people,” which was

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Pentagon to Require Masks Indoors in COVID-19 Hot Spots Regardless of Vaccination Status

The Pentagon announced on Wednesday that masks will be mandated indoors at Defense Department installations in areas with substantial or high community transmission of COVID-19, regardless of vaccination status. Service members, civilian workers, contractors, and visitors must wear masks indoors at military installations and other facilities “owned, leased, or otherwise controlled” by the Pentagon in areas where COVID-19 transmission is “substantial” or “high,” according to a statement from Deputy Pentagon Press Secretary Jamal Brown. The decision follows the latest mask-wearing guidance from the Centers for Disease Control and Prevention (CDC), which moved to say that fully vaccinated individuals should wear masks indoors in some areas, citing new research into outbreaks from several states and other countries. A memo from Deputy Secretary of Defense Kathleen Hicks states also says that those who have not yet been fully vaccinated against COVID-19, the disease caused by the CCP (Chinese Communist Party) virus must …

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