Currently viewing the tag: "Tim Hughes"

Liquid Gold. The DRY HEAT Report 3/30/15

On March 30, 2015 - 7:57 AM By

The feuds over California water have been going on for a hundred years and have only escalated with the onset of 4 years of drought. Western Growers estimates that last year 500,000 acres of farmland were left fallow and that number will likely increase by 40% this year. Governor Jerry Brown has announced a $1 [...]

Continue Reading

Cash/Futures. DRY HEAT Report 3/2/15

On March 2, 2015 - 7:30 AM By

A man from Orange County called after my last letter and questioned where I got my information regarding the pay levels of West Coast longshoremen. He felt his union was being portrayed unfairly, and it was the “owners” who were causing the delays in offloading. He disputed that he made as much as $200,000/yr.as a [...]

Continue Reading

Poor stevedores. DRY HEAT Report 2/9/15

On February 9, 2015 - 7:39 AM By

Written 2/7/15 | It has been about 5 months since the International Longshoreman and Warehouse Union (ILWU) told crews on the West Coast of the US to “work safe” and a work slow-down began at 29 West Coast ports. Those ports handle 43.5% of containerized cargo shipments from the US. They are the entry and [...]

Continue Reading

Gas Wars. DRY HEAT Report 1/12/15

On January 12, 2015 - 7:48 AM By

Last week I mentioned, in my General Comments, that I thought of crude oil as a bellwether for most commodities. There are different opinions about the effects of the 50+% decline in the price of crude. One argument is that it will save the average consumer money to be spent on other items, thereby friendly. [...]

Continue Reading