at the border, power outages said to be coming. and of course the russian invasion of ukraine which just added $40 billion to america s tab. we could debate whether any one of these items is truly the fault of the president. but the reality is they are all unfolding on his watch. and here come the midterms. typically the party in the white house sees the loss of two dozen of its congressional seats. this year democrats seem headed for much worse. there just aren t enough ultra maga doug mastrianos that could allow focus next november to be taken off this national funk. a few an moreent tkweurgzs to be sure, but too few to stop the tidal wave in the forecast. americans are really feeling the pinch with inflation at a 40-year high. until recently, there had pwhrpb some consolation for the 58 million americans in the stock market because it was still doing well. but that s no longer the case. this week the s&p and dow had historic down days. friday the s&p 500 briefly fell into
this week the s&p and dow had historic down days. friday the s&p 500 briefly fell into bear market territory, slipping more than 20% from its record high. target reported a stunning 52% drop in profit for the first quarter. shares plunged 25% in one day, its worst day since 1987 s blackmon. the retail giant blamed higher expenses due to continued supply chain disruptions and inflation making consumers hold off on non-essential purposes. gas prices, which affect all of us, are hitting new highs with a record average of $4.59 per gallon, already $6 in california. by august, jpmorgan predicts the national average will be $6 a gallon. in washington state, the national gas chain 76 already reprogramming its pumps to accommodate the possibility of prices exceeding $10 a gallon. meanwhile, runaway diesel prices
Brazil opens gas market up [Gas in Transition]
May 3, 2021 1:00:pm
Summary Brazil’s new gas law will provide a better business environment for the gas industry, but more work is needed to create a competitive market. [Gas in Transition, Volume 1, Issue 1]
by: Brunno Braga
Brazilian President Jair Bolsonaro signed a new gas bill into law on April 9, following a decade of intense debate between the government and the gas industry over the legislation. The law is expected to cut through regulatory obstacles to development, attract new players and investment into the sector, spur competition and lead to lower gas prices in Latin America’s largest country.