Ecocharger + 1,384 DL August 1, 2023 (edited) Demand for oil is at an all-time high and growing by leaps and bounds. It is time to knock on the door of the White House to see if anyone is at home. https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-China-Is-The-Biggest-Driver-Of-The-Oil-Price-Rally.html "The world’s oil demand has hit a record-high of 102.8 million bpd this month, Goldman’s analysts wrote in a note on Sunday. The bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023, and to 600,000 bpd deficit in 2024. As a result of those deficits, Brent prices could rise to $93 a barrel in the second quarter of 2024, according to Goldman Sachs. Last week, Daan Struyven, head of oil research at Goldman Sachs, told CNBC that the bank expects prices to go higher as record-high oil demand and lowered supply are set to lead to a large market deficit. “We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Struyven said. " Edited August 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 1, 2023 3 minutes ago, Ecocharger said: EVs are past peak, the limited EV market has now been satisfied and EVs are piling up on the sales lots. End of story. Nope its not and you know it isnt, the world auto manufacturers know it isnt, all sales charts say it isnt, all projections say it isnt, the largest car market in the world says it isnt (see below) China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023 https://www.counterpointresearch.com/china-ev-sales-q1-2023/ It will be very interesting to see where all this is in 5 years time and your statements that EV's are "past their peak" already and are now on the decline. Eco post some facts / data to back up your opinion, sales of EV's are booming its almost impossible to ignore unless you are an ostrich. https://evmarketsreports.com/global-ev-outlook-2023-2/ 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 1, 2023 9 minutes ago, Ecocharger said: Demand for oil is at an all-time high and growing by leaps and bounds. It is time to knock on the door of the White House to see if anyone is at home. https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-China-Is-The-Biggest-Driver-Of-The-Oil-Price-Rally.html "The world’s oil demand has hit a record-high of 102.8 million bpd this month, Goldman’s analysts wrote in a note on Sunday. The bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023, and to 600,000 bpd deficit in 2024. As a result of those deficits, Brent prices could rise to $93 a barrel in the second quarter of 2024, according to Goldman Sachs. Last week, Daan Struyven, head of oil research at Goldman Sachs, told CNBC that the bank expects prices to go higher as record-high oil demand and lowered supply are set to lead to a large market deficit. “We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Struyven said. " When have Goldman ever been right? Currently Brent hovers around $85 depite numerous production cuts by OPEC+ to ramp up the price Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 1, 2023 UK defies climate warnings with new oil and gas licences https://www.bbc.co.uk/news/science-environment-63163824 Happy with this as the UK needs to develop more of ite resources not just renewables, especially NG which we currently import about 50%. However the driver for this isnt so much domestic energy security but more to do with making money to pay for the pandemic costs and massive holes in the UK budget spending on the NHS, social care, transport, as well as large public service pay increases. Quote Share this post Link to post Share on other sites
notsonice + 1,101 DM August 1, 2023 3 hours ago, Ecocharger said: Demand for oil is at an all-time high and growing by leaps and bounds. It is time to knock on the door of the White House to see if anyone is at home. https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-China-Is-The-Biggest-Driver-Of-The-Oil-Price-Rally.html "The world’s oil demand has hit a record-high of 102.8 million bpd this month, Goldman’s analysts wrote in a note on Sunday. The bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023, and to 600,000 bpd deficit in 2024. As a result of those deficits, Brent prices could rise to $93 a barrel in the second quarter of 2024, according to Goldman Sachs. Last week, Daan Struyven, head of oil research at Goldman Sachs, told CNBC that the bank expects prices to go higher as record-high oil demand and lowered supply are set to lead to a large market deficit. “We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an all-time high,” Struyven said. " Demand??? what matters is consumption...... and once again you fail...subtract out stockpiling in China and ....ha ha ha .......In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell......... The world’s oil demand has hit a record-high of 102.8 million bpd this month ????? minus china stockpiling of 2.1 million BPD and you get ???? do you need someone to help you with math again Gomer????? now subtract out what is accumulating in tankers that are going nowhere...another million barrels a day ??????? Jun 26, 2023, 8:31 AM CDT The volume of floating oil storage has jumped to the highest level in more than two and a half years. There were 129 million barrels of crude oil on stationary tankers as of the end of last week. What does that leave you 99.7 millon BPD and consumption is flat at best now excess stockpiling in the rest of the world.....ha ha ha What does that leave you ??????? Global Floating Oil Storage Hits Highest Level Since October 2020 By Charles Kennedy - Jun 26, 2023, 8:31 AM CDT The volume of floating oil storage has jumped to the highest level in more than two and a half years. There were 129 million barrels of crude oil on stationary tankers as of the end of last week. While the volume of crude oil in floating storage has been rising, the total volume of crude in transit has been falling. Cheap Russian oil helped China accelerate the pace of stockpiling crude in June to the largest monthly additions to inventories in three years, according to estimates by Reuters columnist Clyde Russell based on official Chinese data. In June, China is estimated to have added 2.1 million barrels per day (bpd) of crude oil to either its commercial or strategic reserves, up from 1.77 million bpd added to inventories in May, per Russell’s calculations. China does not report commercial or strategic inventories, so analysts are trying to estimate the volume of stockpiling by deducting the amount of processed crude from all available crude coming from imports and domestic crude production. In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell. Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 August 1, 2023 (edited) Ya Don't Say.... From Washington to Warsaw, a ‘greenlash’ is picking up steam despite extreme heat PUBLISHED TUE, AUG 1 20231:22 AM EDTUPDATED TUE, AUG 1 20231:43 AM EDT State laws restricting the use of environmental, social and governance factors have swept across the U.S. in recent months. In Europe, too, signs of a green political backlash have started surfacing as businesses and citizens feel the costs of the energy transition. “This is really a story of the last couple of years, but I think it is really picking up steam now,” Nathalie Tocci, director of Istituto Affari Internazionali, told CNBC. https://www.cnbc.com/2023/08/01/extreme-heat-a-green-backlash-is-sweeping-across-the-us-and-europe.html Edited August 1, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
notsonice + 1,101 DM August 1, 2023 24 minutes ago, Eyes Wide Open said: Ya Don't Say.... From Washington to Warsaw, a ‘greenlash’ is picking up steam despite extreme heat PUBLISHED TUE, AUG 1 20231:22 AM EDTUPDATED TUE, AUG 1 20231:43 AM EDT State laws restricting the use of environmental, social and governance factors have swept across the U.S. in recent months. In Europe, too, signs of a green political backlash have started surfacing as businesses and citizens feel the costs of the energy transition. “This is really a story of the last couple of years, but I think it is really picking up steam now,” Nathalie Tocci, director of Istituto Affari Internazionali, told CNBC. https://www.cnbc.com/2023/08/01/extreme-heat-a-green-backlash-is-sweeping-across-the-us-and-europe.html swept across the U.S??? how many states? Florida is the only one that passed anything....Desantis is your savoir ??? ha ha ha reality the Green Bay sweep failed along with your pipe dream of Coal forever Enjoy , The Inflation Reduction Act reigns supreme You can thank Sleepy Joe and the GOP who gave him the green light this year when they left the The Inflation Reduction Act intact PS.... I bet you that your electricity in your home is green green green, Thank you for supporting the Green Agenda Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 1, 2023 (edited) 13 hours ago, Rob Plant said: Nope its not and you know it isnt, the world auto manufacturers know it isnt, all sales charts say it isnt, all projections say it isnt, the largest car market in the world says it isnt (see below) China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023 https://www.counterpointresearch.com/china-ev-sales-q1-2023/ It will be very interesting to see where all this is in 5 years time and your statements that EV's are "past their peak" already and are now on the decline. Eco post some facts / data to back up your opinion, sales of EV's are booming its almost impossible to ignore unless you are an ostrich. https://evmarketsreports.com/global-ev-outlook-2023-2/ I gave you the data several times, Rob. Do you want me to repeat it now? You should have challenged the data when first posted but you were notably silent. EVs are a niche market which has now been satisfied, reality is coming home. Edited August 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 1, 2023 (edited) 1 hour ago, notsonice said: swept across the U.S??? how many states? Florida is the only one that passed anything....Desantis is your savoir ??? ha ha ha reality the Green Bay sweep failed along with your pipe dream of Coal forever Enjoy , The Inflation Reduction Act reigns supreme You can thank Sleepy Joe and the GOP who gave him the green light this year when they left the The Inflation Reduction Act intact PS.... I bet you that your electricity in your home is green green green, Thank you for supporting the Green Agenda This is a sign of the cracks in the wall of garbage supporting EVs and Green baloney...it will soon become a flood. "In Florida, Republican Gov. Ron DeSantis signed a bill into law in early May that barred state and local officials from investing public money to promote ESG goals and prohibited municipalities from selling ESG bonds. “We do not want them engaged on these ideological joyrides,” DeSantis reportedly said at the time. Analysts expect the outcome of next year’s U.S. presidential election to determine whether the political backlash against ESG will have a deep and lasting effect." https://www.eiu.com/n/anti-esg-sentiment-in-the-us-weakens-esg-markets/ "Anti-ESG sentiment has been rising in the US, owing to a pushback against it in Republican states. This is likely to dent the rebound in sustainable finance in the US. The outcome of the 2024 election will determine if the pushback will have a deep, lasting effect. Although several states have pulled out their assets from Blackrock, the fund manager’s state assets of Texas and Florida make up a small amount of its total assets under management. Municipal bond underwriters have also been in the centre of the anti-ESG backlash. Data from the first quarter of 2023 shows that ESG bond issuance in the US dropped considerably compared to the first quarter of 2022. Republican states such as Texas and Florida have been paying out higher yields after banning municipal bond underwriters such as JPMorgan and Citibank. This is likely to increase the tax burden in these states, given that they also have huge debts. If the backlash persists, it may even cause a downgrade in the states’ debt ratings." Edited August 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 1, 2023 (edited) 13 hours ago, Rob Plant said: Nope its not and you know it isnt, the world auto manufacturers know it isnt, all sales charts say it isnt, all projections say it isnt, the largest car market in the world says it isnt (see below) China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023 https://www.counterpointresearch.com/china-ev-sales-q1-2023/ It will be very interesting to see where all this is in 5 years time and your statements that EV's are "past their peak" already and are now on the decline. Eco post some facts / data to back up your opinion, sales of EV's are booming its almost impossible to ignore unless you are an ostrich. https://evmarketsreports.com/global-ev-outlook-2023-2/ Oil demand is still driving the markets, fossil fuel vehicles remain the choice for the public. https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Balloon-On-Largest-Single-Week-Crude-Inventory-Crash-In-Years.html "Crude oil inventories in the United States unexpectedly fell sizably this week by 15.4 million barrels, the American Petroleum Institute (API) data showed on Tuesday after increasing by 1.319 million barrels in the week prior." Edited August 1, 2023 by Ecocharger 2 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 2, 2023 (edited) 15 hours ago, notsonice said: Demand??? what matters is consumption...... and once again you fail...subtract out stockpiling in China and ....ha ha ha .......In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell......... The world’s oil demand has hit a record-high of 102.8 million bpd this month ????? minus china stockpiling of 2.1 million BPD and you get ???? do you need someone to help you with math again Gomer????? now subtract out what is accumulating in tankers that are going nowhere...another million barrels a day ??????? Jun 26, 2023, 8:31 AM CDT The volume of floating oil storage has jumped to the highest level in more than two and a half years. There were 129 million barrels of crude oil on stationary tankers as of the end of last week. What does that leave you 99.7 millon BPD and consumption is flat at best now excess stockpiling in the rest of the world.....ha ha ha What does that leave you ??????? Global Floating Oil Storage Hits Highest Level Since October 2020 By Charles Kennedy - Jun 26, 2023, 8:31 AM CDT The volume of floating oil storage has jumped to the highest level in more than two and a half years. There were 129 million barrels of crude oil on stationary tankers as of the end of last week. While the volume of crude oil in floating storage has been rising, the total volume of crude in transit has been falling. Cheap Russian oil helped China accelerate the pace of stockpiling crude in June to the largest monthly additions to inventories in three years, according to estimates by Reuters columnist Clyde Russell based on official Chinese data. In June, China is estimated to have added 2.1 million barrels per day (bpd) of crude oil to either its commercial or strategic reserves, up from 1.77 million bpd added to inventories in May, per Russell’s calculations. China does not report commercial or strategic inventories, so analysts are trying to estimate the volume of stockpiling by deducting the amount of processed crude from all available crude coming from imports and domestic crude production. In June, 2.1 million bpd of all available crude supply wasn’t processed by refiners, so it likely went to further fill China’s crude reserves, according to Reuters’ Russell. You heard it here, oil demand is voracious and will result in higher oil prices going forward. https://oilprice.com/Energy/Crude-Oil/Will-Oil-Prices-Hit-100-By-Years-End.html "OPEC's reduced oil production, driven by Saudi Arabia's voluntary cuts and a suspension at Nigeria's Forcados terminal, has resulted in rising oil prices, with Brent exceeding $85 per barrel and WTI nearing $82 per barrel. While Saudi Arabia needs oil at $90 per barrel to support its ambitious Vision 2030, high prices could undermine demand and trigger a boomerang effect unwanted by OPEC members. Strong global oil demand, particularly from China, coupled with reports of decreasing crude oil inventories worldwide, suggest that oil prices could reach $100 per barrel before year's end." Edited August 2, 2023 by Ecocharger 1 Quote Share this post Link to post Share on other sites
TailingsPond + 504 GE August 2, 2023 (edited) 23 hours ago, Ecocharger said: You already showed us some major advancements in that same article, a 29% reduction in NOx emissions over an 8 year period, sounds good. Thanks for the article. So the vast majority of emissions remain after 8 years of trying.... 3.6% per year. Edited August 2, 2023 by TailingsPond 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 2, 2023 16 hours ago, Ecocharger said: I gave you the data several times, Rob. Do you want me to repeat it now? You should have challenged the data when first posted but you were notably silent. EVs are a niche market which has now been satisfied, reality is coming home. Eco I dont read every post on every subject on here If you have solid data to support your view that EV's are now on the decline then I'll be happen to look at them. However data saying that supply has finally caught up with demand does NOT support your theory that EV's have reached their peak in sales, only sales levels declining will support that. I'll wait for the info from you. 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 2, 2023 (edited) On 8/1/2023 at 9:55 PM, Ecocharger said: Oil demand is still driving the markets, fossil fuel vehicles remain the choice for the public. https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Balloon-On-Largest-Single-Week-Crude-Inventory-Crash-In-Years.html "Crude oil inventories in the United States unexpectedly fell sizably this week by 15.4 million barrels, the American Petroleum Institute (API) data showed on Tuesday after increasing by 1.319 million barrels in the week prior." The fact that inventories might have fallen doesnt mean there is an increase in demand, where is the supply data? If supply fell at the same level then there is zero increase in demand! “Chinese crude buying has been opportunistic rather than due to higher demand. (The) market continues to be driven purely by supply constraints, which are always subject to potential political volatility,” said Sparta Commodities’ Philip Jones-Lux. https://oilprice.com/Latest-Energy-News/World-News/OPECS-Production-Falls-By-Most-In-3-Years-Survey.html Edited August 3, 2023 by Rob Plant 1 Quote Share this post Link to post Share on other sites
notsonice + 1,101 DM August 2, 2023 (edited) Solar Wind EVs........US is booming Employment is booming , thanks to Sleepy Joe Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2% Coal ......down 30 percent Standard of Living going up in the US and Coal is on its way out Oil consumption in the US peaked in 2000 Increasing Standard of Living in the US is not tied to an increase in oil consumption or coal in fact less use of oil and coal the better off we are and on a per capita basis ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2% News provided by ADP, Inc. 02 Aug, 2023, 08:15 ET Share this article ROSELAND, N.J., Aug. 2, 2023 /PRNewswire/ -- Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year, according to the July ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees. ADP Research Institute, logo (PRNewsfoto/ADP, Inc.) The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period. "The economy is doing better than expected and a healthy labor market continues to support household spending," said Nela Richardson, chief economist, ADP. "We continue to see a slowdown in pay growth without broad-based job loss." July 2023 Report Highlights* View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com. JOBS REPORT Private employers added 324,000 jobs in July Job creation remained robust in July, with leisure and hospitality again driving growth. One weakness was manufacturing, an interest rate-sensitive industry that shed jobs for the fifth straight month. Change in U.S. Private Employment: 324,000 Change by Industry Sector - Goods-producing: 21,000 Natural resources/mining 48,000 Construction 9,000 Manufacturing -36,000 - Service-providing: 303,000 Trade/transportation/utilities 30,000 Information 36,000 Financial activities -5,000 Professional/business services 5,000 Education/health services 12,000 Leisure/hospitality 201,000 Other services 24,000 Change by U.S. Regions - Northeast: 276,000 New England 114,000 Middle Atlantic 162,000 - Midwest: 129,000 East North Central 68,000 West North Central 61,000 - South: -144,000 South Atlantic -87,000 East South Central -34,000 West South Central -23,000 - West: 55,000 Mountain 8,000 Pacific 47,000 Change by Establishment Size - Small establishments: 237,000 1-19 employees 114,000 20-49 employees 123,000 - Medium establishments: 138,000 50-249 employees 152,000 250-499 employees -14,000 - Large establishments: -67,000 500+ employees -67,000 PAY INSIGHTS Pay growth continued downward trend in July Job stayers saw a year-over-year pay increase of 6.2 percent, the slowest pace of gains since November 2021. For job changers, pay growth slowed to 10.2 percent. Median Change in Annual Pay (ADP matched person sample) - Job-Stayers 6.2% - Job-Changers 10.2% Median Change in Annual Pay for Job-Stayers by Industry Sector - Goods-producing: Natural resources/mining 6.2% Construction 6.4% Manufacturing 5.7% - Service-providing: Trade/transportation/utilities 6.0% Information 5.5% Financial activities 6.4% Professional/business services 6.0% Education/health services 6.7% Leisure/hospitality 7.2% Other services 6.1% Median Change in Annual Pay for Job-Stayers by Firm Size - Small firms: 1-19 employees 5.2% 20-49 employees 6.2% - Medium firms: 50-249 employees 6.4% 250-499 employees 6.2% - Large firms: 500+ employees 6.2% To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here: * Sum of components may not equal total, due to rounding. The June total of jobs added was revised from 497,000 to 455,000. The historical data file, and weekly data for the previous month, is available at https://adpemploymentreport.com/. With each January release, the ADP National Employment Report is benchmarked with employment counts from the March Quarterly Census of Employment and Wages (QCEW). In addition to the annual benchmark, the forthcoming ADP National Employment Report release on August 30, 2023 will provide a preliminary benchmark revision based on the fourth-quarter 2022 data from the QCEW, as released June 7, 2023. The comprehensive benchmark revision will be issued with the publication of the January 2024 ADP National Employment Report news release in February 2024. To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/. The August 2023 ADP National Employment Report will be released at 8:15 a.m. ET on August 30, 2023. About the ADP® National Employment ReportTM The ADP National Employment Report is an independent measure of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research Institute in collaboration with the Stanford Digital Economy Lab. The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company's commitment to offering deeper insights of the U.S. labor market and providing businesses and governments with a source of credible and valuable information. About the ADP Research Institute® The ADP Research Institute delivers data-driven discoveries about the world of work and derives reliable economic indicators from these insights. We offer these findings as a unique contribution to making the world of work better and more productive by delivering actionable insights to the economy at large. About ADP (NASDAQ – ADP) Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com Edited August 2, 2023 by notsonice 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 4, 2023 (edited) On 8/2/2023 at 5:25 PM, notsonice said: Solar Wind EVs........US is booming Employment is booming , thanks to Sleepy Joe Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2% Coal ......down 30 percent Standard of Living going up in the US and Coal is on its way out Oil consumption in the US peaked in 2000 Increasing Standard of Living in the US is not tied to an increase in oil consumption or coal in fact less use of oil and coal the better off we are and on a per capita basis ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2% News provided by ADP, Inc. 02 Aug, 2023, 08:15 ET Share this article ROSELAND, N.J., Aug. 2, 2023 /PRNewswire/ -- Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year, according to the July ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees. ADP Research Institute, logo (PRNewsfoto/ADP, Inc.) The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period. "The economy is doing better than expected and a healthy labor market continues to support household spending," said Nela Richardson, chief economist, ADP. "We continue to see a slowdown in pay growth without broad-based job loss." July 2023 Report Highlights* View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com. JOBS REPORT Private employers added 324,000 jobs in July Job creation remained robust in July, with leisure and hospitality again driving growth. One weakness was manufacturing, an interest rate-sensitive industry that shed jobs for the fifth straight month. Change in U.S. Private Employment: 324,000 Change by Industry Sector - Goods-producing: 21,000 Natural resources/mining 48,000 Construction 9,000 Manufacturing -36,000 - Service-providing: 303,000 Trade/transportation/utilities 30,000 Information 36,000 Financial activities -5,000 Professional/business services 5,000 Education/health services 12,000 Leisure/hospitality 201,000 Other services 24,000 Change by U.S. Regions - Northeast: 276,000 New England 114,000 Middle Atlantic 162,000 - Midwest: 129,000 East North Central 68,000 West North Central 61,000 - South: -144,000 South Atlantic -87,000 East South Central -34,000 West South Central -23,000 - West: 55,000 Mountain 8,000 Pacific 47,000 Change by Establishment Size - Small establishments: 237,000 1-19 employees 114,000 20-49 employees 123,000 - Medium establishments: 138,000 50-249 employees 152,000 250-499 employees -14,000 - Large establishments: -67,000 500+ employees -67,000 PAY INSIGHTS Pay growth continued downward trend in July Job stayers saw a year-over-year pay increase of 6.2 percent, the slowest pace of gains since November 2021. For job changers, pay growth slowed to 10.2 percent. Median Change in Annual Pay (ADP matched person sample) - Job-Stayers 6.2% - Job-Changers 10.2% Median Change in Annual Pay for Job-Stayers by Industry Sector - Goods-producing: Natural resources/mining 6.2% Construction 6.4% Manufacturing 5.7% - Service-providing: Trade/transportation/utilities 6.0% Information 5.5% Financial activities 6.4% Professional/business services 6.0% Education/health services 6.7% Leisure/hospitality 7.2% Other services 6.1% Median Change in Annual Pay for Job-Stayers by Firm Size - Small firms: 1-19 employees 5.2% 20-49 employees 6.2% - Medium firms: 50-249 employees 6.4% 250-499 employees 6.2% - Large firms: 500+ employees 6.2% To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here: * Sum of components may not equal total, due to rounding. The June total of jobs added was revised from 497,000 to 455,000. The historical data file, and weekly data for the previous month, is available at https://adpemploymentreport.com/. With each January release, the ADP National Employment Report is benchmarked with employment counts from the March Quarterly Census of Employment and Wages (QCEW). In addition to the annual benchmark, the forthcoming ADP National Employment Report release on August 30, 2023 will provide a preliminary benchmark revision based on the fourth-quarter 2022 data from the QCEW, as released June 7, 2023. The comprehensive benchmark revision will be issued with the publication of the January 2024 ADP National Employment Report news release in February 2024. To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/. The August 2023 ADP National Employment Report will be released at 8:15 a.m. ET on August 30, 2023. About the ADP® National Employment ReportTM The ADP National Employment Report is an independent measure of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research Institute in collaboration with the Stanford Digital Economy Lab. The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company's commitment to offering deeper insights of the U.S. labor market and providing businesses and governments with a source of credible and valuable information. About the ADP Research Institute® The ADP Research Institute delivers data-driven discoveries about the world of work and derives reliable economic indicators from these insights. We offer these findings as a unique contribution to making the world of work better and more productive by delivering actionable insights to the economy at large. About ADP (NASDAQ – ADP) Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com Oil demand is reaching all-time highs. https://oilprice.com/Energy/Crude-Oil/Hedge-Funds-Boost-Bullish-Bets-On-Oil.html "Demand is not only resilient but headed for a record high in the coming months, according to analysts including Goldman Sachs and oil executives, including ExxonMobil’s CEO Darren Woods. The world will see a record-high demand for oil this year, Exxon’s top executive told CNBC on Friday. Global oil demand reached a record high of 102.8 million bpd in July, Goldman Sachs analysts wrote in a note on Sunday. The Wall Street bank expects the robust demand to lead to a wider-than-expected deficit of as much as 1.8 million bpd in the second half of 2023 and to 600,000 bpd deficit in 2024. " Edited August 4, 2023 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 4, 2023 (edited) EVs are piling up on the sales lots in America and are piling up in the junk lots in China. Much of the Chines EV production is not for actual use by anyone but is fueled by investment schemes. Chinese unsold EVs pose a major pollution problem. https://www.youtube.com/watch?v=1SEfwoqKRU8 Edited August 4, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP August 4, 2023 5 hours ago, Ecocharger said: EVs are piling up on the sales lots in America and are piling up in the junk lots in China. Much of the Chines EV production is not for actual use by anyone but is fueled by investment schemes. Chinese unsold EVs pose a major pollution problem. https://www.youtube.com/watch?v=1SEfwoqKRU8 Looks like an incredibly dodgy youtube site to me! Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 August 4, 2023 (edited) I am almost convinced the 35/50 yr old crowd suffer deep manic behaviour issues. The Zombie Apocalypse is always right around the corner. We’re changing the clouds.’ An unforeseen test of geoengineering is fueling record ocean warmth Pollution cuts have diminished “ship track” clouds, adding to global warming https://www.science.org/content/article/changing-clouds-unforeseen-test-geoengineering-fueling-record-ocean-warmth Edited August 4, 2023 by Eyes Wide Open 1 Quote Share this post Link to post Share on other sites
TailingsPond + 504 GE August 5, 2023 Even more production cuts to make artificial scarcity https://www.msn.com/en-ca/money/topstories/oil-up-6th-week-on-saudi-cuts-gambit-charts-show-overbought-market/ar-AA1eNFpv?rc=1&ocid=winp1taskbar&cvid=b0c625e621874930ab1386a38696efc6&ei=20 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 5, 2023 On 8/4/2023 at 3:40 AM, Rob Plant said: Looks like an incredibly dodgy youtube site to me! A picture speaks a thousand words, those images look convincing. Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 5, 2023 (edited) On 8/4/2023 at 3:14 PM, Eyes Wide Open said: I am almost convinced the 35/50 yr old crowd suffer deep manic behaviour issues. The Zombie Apocalypse is always right around the corner. We’re changing the clouds.’ An unforeseen test of geoengineering is fueling record ocean warmth Pollution cuts have diminished “ship track” clouds, adding to global warming https://www.science.org/content/article/changing-clouds-unforeseen-test-geoengineering-fueling-record-ocean-warmth The levels of atmospheric particulates have declined due to pollution reduction policies and this has certainly contributed to short-term climate warming in parts of the world. Here is another article along the same lines, https://research.noaa.gov/2022/05/11/study-reducing-human-caused-air-pollution-in-north-america-and-europe-brings-surprising-result-more-hurricanes/ "Over the last 40 years, Europe and North America have been leaders in reducing particulate air pollution from industry, autos, energy and other sources. The increasing absence of human-caused air pollution in the Northern Hemisphere, estimated to be a 50-percent drop in concentration from 1980 to 2020, has led to surface warming over the tropical Atlantic Ocean, which contributes to more frequent tropical cyclones. Without significant amounts of particulate pollution to reflect sunlight, the ocean absorbs more heat and warms faster. A warming Atlantic Ocean has been a key ingredient to a 33-percent increase in the number of tropical cyclones during this 40-year period, Murakami said. The decrease in pollution has also led to a warming of the mid- and high-latitudes in the Northern Hemisphere. This warming of land and ocean is causing the steady poleward movement of the jet stream from the tropics toward the Arctic." Edited August 15, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 5, 2023 (edited) 9 hours ago, TailingsPond said: Even more production cuts to make artificial scarcity https://www.msn.com/en-ca/money/topstories/oil-up-6th-week-on-saudi-cuts-gambit-charts-show-overbought-market/ar-AA1eNFpv?rc=1&ocid=winp1taskbar&cvid=b0c625e621874930ab1386a38696efc6&ei=20 Fossil fuels are still the dominant form of energy needed for basic fuels of the economy. Coal is King. https://oilprice.com/Energy/Coal/Coal-Use-Hits-Record-High-Despite-Clean-Energy-Boom.html "Coal use reached a record high of 8.3 billion metric tons in 2022, providing about 36% of the world's electricity generation, despite an uptick in the demand for clean energy sources." Edited August 5, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,141 August 5, 2023 34 minutes ago, Ecocharger said: The levels of atmospheric particulates have declined due to pollution reduction policies and this has certainly contributed to short-term climate warming in parts of the world. Here is another article along the same lines, https://research.noaa.gov/2022/05/11/study-reducing-human-caused-air-pollution-in-north-america-and-europe-brings-surprising-result-more-hurricanes/ "Over the last 40 years, Europe and North America have been leaders in reducing particulate air pollution from industry, autos, energy and other sources. The increasing absence of human-caused air pollution in the Northern Hemisphere, estimated to be a 50-percent drop in concentration from 1980 to 2020, has led to surface warming over the tropical Atlantic Ocean, which contributes to more frequent tropical cyclones. Without significant amounts of particulate pollution to reflect sunlight, the ocean absorbs more heat and warms faster. A warming Atlantic Ocean has been a key ingredient to a 33-percent increase in the number of tropical cyclones during this 40-year period, Murakami said. The decrease in pollution has also led to a warming of the mid- and high-latitudes in the Northern Hemisphere. This warming of land and ocean is causing the steady poleward movement of the jet stream from the tropics toward the Arctic." BS: Number of named cyclones is due to satellites. Before them, most storms were never named as they never made landfall and could not be measured. IF you USE same standards we used 40 years ago, the number hasn't changed any. This point has been proven multiple times by multiple studies. As for dust over tropical atlantic... what an absurd joke. Do these idiots believe everyone is dumb and does not know which direction the wind blows? That dust comes from Africa over the tropical Atlantic... 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL August 5, 2023 (edited) 3 hours ago, footeab@yahoo.com said: BS: Number of named cyclones is due to satellites. Before them, most storms were never named as they never made landfall and could not be measured. IF you USE same standards we used 40 years ago, the number hasn't changed any. This point has been proven multiple times by multiple studies. As for dust over tropical atlantic... what an absurd joke. Do these idiots believe everyone is dumb and does not know which direction the wind blows? That dust comes from Africa over the tropical Atlantic... Here is from one of the the articles above quoted, indicating that reduced air pollution levels due to stricter rules in North America and Europe can potentially explain most of the observed temperature change in recent decades. In other words, CO2 has an even more minute impact on temperature change, something which the standard climate alarmists have failed to take into consideration. We’re changing the clouds.’ An unforeseen test of geoengineering is fueling record ocean warmth Pollution cuts have diminished “ship track” clouds, addinghttps://www.science.org/content/article/changing-clouds-unforeseen-test-geoengineering-fueling-record-ocean-warmth "In more recent work, they take this analysis a step further, calculating the amount of cooling associated with the tracks’ brightening effect and the way the pollution extended the lifetime of the clouds. IMO rules have warmed the planet by 0.1 watts per square meter—double the warming caused by changes to clouds by airplanes, they conclude in a paper under review. The impact is magnified in regions of heavy shipping, like the north Atlantic, where the disappearing clouds are “shock to the system,” Yuan says. The increase in light, which was worsened by a lack of reflective Saharan dust over the ocean this year, “can account for most of the warming observed” in the Atlantic this summer, he says." Edited August 5, 2023 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members