Thread..Shrinkflation: 1/n Folgers container: 51 ounces to 43.5
Nescafe Azera Americano coffee: 100 grams to 90
Kleenex: 65 tissues to 60
Walmart Paper Towels: 168 sheets per roll to 120
Crest 3D White Radiant Mint toothpaste: 4.1 to 3.8 ounces
Dorito's: 9.75 ounces to 9.25
2/n Most “Party Size” Chips: 18 to 15.5 ounces
Chobani Flips yogurts: 5.3 ounces to 4.5
Burger King chicken nuggets: 10 to 8
Bounty Triples: 165 sheets to 147
Tillamook ice cream: 56 ounces to 48
Hefty's mega pack:90 bags to 80
Earth's Best Organic Sunny Day: 8 bars per box to 7
3/n
Vim dish soap (India): 155 grams to 135
Cottonelle Ultra Clean Care toilet paper: 340 sheets per roll to 312
Pantene Pro-V Curl Perfection conditioner: 12 ounces to 10.4
Royal Canin's cans of cat food: 5.9 ounces to 5.1
Angel Soft: 425 sheets per roll to 320 #Inflation
🔥Thread on the costs of Strategic Petroleum Reserves (SPR)! (simplified calculations) 1- In 3 years, between the start of 1979 & the end of 1981, 168 mb of crude oil were added to the SPR at an average cost of about $32/b. That is about $125/b in Today's money!
2- The fixed cost incurred by the taxpayer to prepare the caverns was around $4 billion. That translates to about $6/b assuming 650 mb existed from day one in 1977 (of course that was not the case, but I am trying to use the low numbers). $6 in 1977 equals about $29.40/b today!
3- So far, the cost is $125 +$29.40 = 154.40/b
The yearly SPR budget in 2019 was about $235 million. That translates to about 40 cents per barrel per year in today's money. The cost for 42 years is about $16.80/b
After spending hundreds of billions of dollars on wind and solar, 82.3% of global consumption of primary energy is still fossil fuel.. and it is going up in 2022!! #Oil#Coal#Natgas#energy#FossilFuels
People think Europe is going green and different from the rest of the world! Well, it has more hydro and nuclear too! Europe's dependence on fossil fuels is 70.6%! #Energy#Euroep#Russia
Thread on the impact of the #SPR releases/end on oil prices #Oil#OOTT#COM 1-9 At first, they prevented prices from increasing. Since the demand was not rising proportionally to the increase in supplies, prices started declining, especially since the releases replaced imports
2-9 As a result, the "demand" for the SPR started declining & will continue to decline gradually until it stops, probably before the whole amount is sold!
In other words, it remains to be seen if the whole amount is sold. If it does, it is mostly because #Crude_Quality_Matters
3-9 Therefore, the idea of an abrupt stop and loss of about 800 kbd may not happen, and therefore, the idea that oil prices will rise sharply as a result of ending withdrawals may not happen. Being bullish based on the idea of an abrupt loss of 800 kbd is a dangerous strategy.
Thread 🔥
Random thoughts on energy markets: What if the war in #Ukraine ends? #Russia 1- This is a touchy subject. Everyone has a different opinion from others. This thread is not about whether the war ends & how it ends. It is about the impact on energy markets if the war ends
2- While we have to distinguish between ending the war and ending the sanctions, ending the war alone will have ramifications for the energy markets: some countries, even in Europe, will not enforce the sanctions or will turn the blind eye to the violations of sanctions.
3- By ending the war, Russia will get support from several countries that will argue for ending the sanctions. The mere talk of ending the sanctions will encourage various countries to break them. Meanwhile, Russian oil & gas will flow to China, India, and OPEC+ members