Saturday, April 13, 2024

Subsidiarity Economics 2024. The times more or less locally, Part I. And then the day arrived (part two).

Our lifestyle, our wildlife, our land and our water remain critical to our definition of Wyoming and to our economic future.

Dave Freudenthal, former Governor of Wyoming/

 

January 2, 2024

The Energy Information Administration’s Short Term Energy Outlook Report states that combined generation from wind and solar will overtake generation from coal by more than 90 billion kilowatt-hours this year.

US coal production will drop to its lowest amount since the 1960s, with it taking more miners per ton to produce in the 60s than it does now.

Pennsylvania's Flying Fish Brewing Co. filed for Chapter 11 bankruptcy protection.

January 11, 2024

January 17, 2024

From the Trib:

According to a report put out by the Wyoming State Geological Survey this month, the state’s oil production has not yet surpassed its 2019 high, while nationwide oil production has surpassed pre-pandemic levels.

More than 95 million barrels of oil are expected to be produced in Wyoming in 2023, which is about 3 million more barrels than in 2022. The drilling of new oil wells has helped greatly.

In the first half of 2023, a total of 110 newly drilled oil wells were completed, most of them in the Powder River Basin. This is in line with the first half of 2022, when 118 oil wells were completed.

January 22, 2024

Flying Fish Brewing has declared bankruptcy.

January 23, 2024

U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago.

New technology is the reason why there is higher production with fewer rigs.

And also:

The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we can calculate that a new record has been set based on the following analysis.

Prices at the pump have been declining.

January 25, 2024

In spite of repeated Republican declarations about how bad the economy is doing, the economy grew 4.9% in the third quarter of 2023, for which the latest figures are out.  This grossly exceeds expectations.

This is interesting for a lot of reasons, one of which the "bad economy" is a consistent theme of Republicans in the current election cycle, when in fact this is a classic "good economy".  It's frankly bizarre.

Some of that might reflect, however, an ongoing retention of a return to the 1945-1975 economy by Rust Belt voters, and anxiety over an inevitable decline in the fossil fuel economy in the West.  The post-war economy is of course never returning, and the change in the direction in the energy economy cannot be arrested, although it too is doing well right now.

January 28, 2024

The Administration plans on providing billions for microchip subsidies for US producers to assure production can be made in the US.

It's worth noting that with war looming with China, there's more than one reason to do this.

The Biden Administration has paused all pending export licenses for liquified national gas (LNG) to consider the climate impacts.

February 8, 2024

Getting Wall Street out of our houses

February 10, 2024

US Credit Card debt is at an all-time high.

World's Foremost Authority On Solar Sheep Advising Wyoming $500 Million Solar Farm

Jobs, Jobs, Jobs


February 11, 2024


It is estimated that over 10% of Canadian craft brewers will close this year.

February 13, 2024

The city of Gillette and BWXT have agreed to work together to look at the possibility of having nuclear facilities and operations in Gillette 

February 15, 2024

While this should be no surprise, given what we earlier reported here:


Remington, in its new form, will close its facilities in Ilion, New York, in March.

Colorado has filed suit to stop the Kroger Albertson's merger.

February 21, 2024

Japan's Nikkei stock index soared to an all-time high.

Rivian, the electric truck maker, is laying off 10% of its salaried staff.

This will cause piles of cackling from those who are convinced electric vehicles, which have taken off, will never take off.  Rivian was an automotive start-up, something that's really tough to do.  Basically, their business model depended on getting into the saturated truck market before other maker went to electric, a real gamble.

Wyoming Gets a Big Win in Court for Coal 

 

CHEYENNE, Wyo. –Wyoming’s coal industry’s earned a long-awaited legal win today, as three Ninth Circuit judges unanimously sided with Wyoming’s arguments in support of the continuation of the federal coal-leasing program. The decision vacated a lower court order that reinstated Obama-era coal-leasing restrictions and required federal officials to perform duplicative National Environmental Policy Act (NEPA) analysis. 

“This ruling is an unequivocal win for our coal industry and a reminder that the Biden Administration has to follow the law,” Governor Mark Gordon said. “The Department of Interior now has one less excuse to thwart its federal coal leasing responsibilities. I appreciate the Attorney General and her staff for their excellent work on this case.” 

The complicated case spanned seven years and involved conflicting orders issued by former Interior Secretaries, in which Secretary Jewel issued an order to cease federal coal leasing and conduct a Programmatic Environmental Statement on the entire coal leasing program. Before that review was complete, Secretary Zinke rescinded the Jewel Order so coal leasing could resume; lastly Secretary Haaland rescinded the Zinke order. The district court ruled that the Department of the Interior needed to conduct additional NEPA analysis before resuming coal leasing under its existing authorities.  Wyoming argued that the case was moot, because the Zinke order was rescinded by Secretary Haaland.

Litigation costs for Wyoming were covered by the Federal Natural Resource Policy Account as directed by Governor Gordon.   

-END-

March 15, 2024

Nippon Steel proposes to take over U.S. Steel.

March 17, 2024

Tyson, the giant chicken corporation, announced that it's closing a plant in Iowa in June which will result in 1200 people, 15% of the entire town, losing their jobs. Simultaneously, the company is working with an asylum advocate group to hire 2,500 asylum seekers who are cleared to work elsewhere.

Um. . . we've been running a series on our companion blog entitled An Agrarian Manifesto. . . might be worth reading, perhaps particularly these:

A sort of Agrarian Manifesto. What's wrong with the world (and how to fix it). Part 2. Distributism


A sort of Agrarian Manifesto. What's wrong with the world (and how to fix it). Part 5. What would that look like, and why would it fix anything, other than limiting my choices and lightening my wallet? The Distributist Impact

March 21, 2024

Reddit is going public.

March 22, 2024

The Justice Department is suing Apple for Antitrust violations arising from its iPhones.

March 26, 2024

Trader Joe's is raising the price of bananas for the first time in twenty years.

March 27, 2024

Texas based and 7-11 owned USA Gasoline stores have closed in Wyoming.

March 28, 2024

Only the Northern Arapaho Tribe and the city of Cheyenne applied for portions of the $4.6 billion Federal fund to reduce reliance on carbon emissions-heavy energy sources and to become more economically resilient.

Fisker is cutting the prices of its electric Ocean SUV by 39%.

April 1, 2024

Gold hit $2,262.19/oz.

April 8, 2024

The price of oil dropped 1%.

April 11, 2024

The Aerodrome: “It stinks, like bad medicine going down, it’s a h...: So stated a Casper City Councilman about extending an additional $400,000 to SkyWest Delta to anchor the flight to Salt Lake City from Caspe...

April 12, 2024 

April 13, 2024

And gold hit a record again.

Last Prior Edition:

Subsidiarity Economics. The times more or less locally, Part XVI. And then the day arrived.


Recent Related Threads:



No comments: