Looking ahead, there are 4 weeks until Summer ๏ธ when the sun will be setting at 8:38 pm with dusk at 9:11 pm. On that day in 2021, we had mostly sunny but humid weather with thunderstorms and temperatures between 86 and 68 degrees. Typically, the high temperature is 81 degrees. We hit a record high of 97 back in 1938.
Crude oil inventories are down to a dangerously low point across Europe, North America, and OECD Asia just as OPEC spare production capacity has dwindled to the lowest levels since April 2020.
Thatโs according to a new BofA Global Research report, which was sent to Rigzone on Monday. The report also highlighted that petroleum product inventories have fallen to โprecarious levelsโ for middle distillates and gasoline โas the market heads into the peak of the U.S. driving seasonโ.
โAs a result, refined petroleum cracks have recently spiked to record levels, contributing to boost volatility across the oil complex,โ the BofA Global Research report stated.
โMost worryingly, strategic oil barrels held by OECD governments are already low and set to decline steeply going forward, leaving consumers exposed to any future negative supply shock,โ the report added.
Farmers from Iowa to Ukraine are grappling with surging diesel prices and an unsteady supply, forcing them to spend unprecedented sums on fuel in a chaotic market and raising concerns about the autumn harvest.
In the US, where corn and soybean producers are rushing to sow after rains and cold temperatures forced delays, filling a tractor tank daily now costs some farmers $1,000, twice what it was a year ago. And the most intensive part of the farming season is still ahead.
I really donโt like the news media gloating over mass-shootings.
While I get there is a lot of profit to be made by the media by covering sad looking victims, juxtaposed against strong military men dressed up as police officers in armor, the truth is such coverage is terribly unhealthy for society. Enhanced corporate profits and creation of additional patronage jobs in local police departments is not a public good, instead itโs harmful. While the television stations may love all the automobiles and laundry soap the are selling on backs of victims, and police departments love being flush with cash to buy fun-looking toys and weapons โ along with the ability to hire their high-school drop out uncle billy to their force โ itโs so incredibly harmful to society.
Whatโs the alternative? I donโt know, I always worry about the government getting too much into the censorship business. If government tells newspapers and televisions that they canโt glorify murder and violence on their airwaves, the next step is the politicians cracking down on negative reporting about themselves. A ban of glorifying violence could easily be used to prosecute those who report on corruption or publicly support positions other then the official state party line. Likewise, restrictions on police and authorities talking to the media could foster corruption, as any law that limits disclosure by the police allows government corruption to flourish.
I donโt know what the answer is. Maybe more disclosure and easier opt-outs could be a partial solution. For example, many television sets have the ability to block violent content if so rated. Certain news stories could be blocked out unless people requested such content. Likewise, parental controls could be added to web browsers to provide a similar form of blocking. Such blocking could be seamless โ rather then blanking out screens, alternative content also able to sell advertising could be part of the answer. Likewise, disclaimer requirements could be imposed on the media โ for example if they are going to promote mass-shootings on airwaves, theyโd be required to provide information on mental health hotlines, and actively encourage people who are thinking of engaging in violent activities to seek help. Local police departments, who are flush with cash from existing the excessive taxation placed on individuals and businesses, could fund such mental health programs, so they are free to those interested in participating.