The March to 100

 The chart for December WTI Crude Oil is shown below:

Source: thinkorswim on tdameritrade.com

It takes 10 years to show where crude oil WAS and where its GOING. The march to 100 may be mostly due to supply destruction on the heels of years of financial and demand destruction in the energy sector. 

Source: ARC Energy Research

Even if demand does not completely return to pre-Covid levels, the supply imbalance, the time it will take to restore production and clear markets, is likely to press prices back above $100.  

My contract of choice is the NYMEX December 2021 WTI Crude Oil futures which is trading at $70.71 as I write.

Disclaimer: Posts are for education only, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors. Request to gdrahal@gmail.com to follow this blog and additional information.. 
© 2021 George Rahal.

Crime Rate per 100,000 Population by State

While alarming headlines on rising crime become prominent amidst autocratic politics, a look at the most recent actual FBI data may help sort out the claims and any confusion. 

Here are the ten worst states for crime per 100,000 population:

Lets not nitpick. Looking at the most populous states, here's how they rank:

Source:https://ucr.fbi.gov/crime-in-the-u.s/2019/crime-in-the-u.s.-2019/topic-pages/tables/table-5

Conclusions:

Today's crime knows no politics. Who knew Alaska and New Mexico had the worst crime rates in the nation? The South, with 7 out of 10 of the worst, has its full share of bad crime. 

The most populous states have higher crime rates than the national average EXCEPT FOR NY, PA, OH and GA. Beware politician claims to the contrary!

Why this matters?  While a markets blog, good government and accurate PERCEPTIONS, are essential to proper functioning of the markets. With the rise of autocratic politicians (read Florida and Texas) we all can use a good dose of factual understanding. 

Disclaimer: Posts are for education only, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors. Note my excel data spreadsheets are available upon request. Send request to gdrahal@gmail.com to follow this blog and additional information.. 
© 2021 George Rahal.