Core inflation was also in negative territory in November. It declined by 0.2% y/y, slightly below a fall of 0.1% in October. Underlying inflation had been below 1.0% y/y since early 2018 and negative during the last four months (see chart). The November figure was within expectations an...
The STEO forecasts that from March 2022 output will start to increase at a rate of 50.3 kb/d/mth out to December 2023, essentially 1/2 the rate indicated in the DPR chart above. Why the big difference? Permian output exceeded 5,000 kb/d in January and continues to increase. In March,...
It’s Time to Rethink America’s Corn System – Scientific American:“Although U.S. corn is a highly productive crop, with typical yields between 140 and 160 bushels per acre, the resulting delivery of food by the corn system is far lower. Today’s corn crop is mainly used for biofuels ...