When I'm not hard at work on the new OilandGasInvestor.com, which will launch in June, one of my favorite past times is observing how other web sites present energy news.
I found a great tool on CNN Money's site today: The Inflation Adjuster.
Just check out the calculator at the top right of this link. As a "young pup," it amazes me how much the economy has changed just since my birth year. Fifty dollars at that time (which shall remain undisclosed) is now worth $104!
According to today's consumer price index (CPI) report for March, retail prices are up 4% over last year. Eeek. That's a hard pill for consumers to swallow. While other factors, like interest rates and food costs, certainly affect inflation, our trusty friend energy goes hand-in-hand with inflation adjustments, seeing as how energy prices have increased by 17% and transportation prices have gone up by 8.2%.
Recommended Reading
Commentary: 2023 Global Conventional Brownfield Investment to Near $200 Billion
2023-02-27 - South America and North Africa to see brownfield investment growth.
Oil and Gas Have Room to Grow in Canada, But Potential Pitfalls Ahead
2023-02-09 - Regulatory issues, inflation and takeaway capacity could hold up projects, while Bay du Nord could breathe new life into Canada’s struggling offshore sector.
Western Midstream Details Carbon-Management Initiative with Occidental
2023-02-02 - Analysts note that midstream operators of all sizes may have opportunities in CCUS.
Subsea Tieback Round-Up for 2022-2024
2023-02-28 - Here's a round-up of subsea tiebacks projects across the globe. The first in a two-part series, this list is a look at some of the subsea tiebacks scheduled to be online by 2024.
ADNOC Awards $80 Million PCSA for Hail & Ghasha Gas Development Project
2023-01-17 - The work contract is for early project activities following the completion of FEED by Technip Energies.