US Dollar Reaching Exhaustion Point?

The dollar has shown some extended price action over the last several weeks and many forex traders and ETF investors are wondering whether these moves can continue.

There is some degree of flexibility here in terms of where markets are likely headed into the final parts of the summer. But at this stage it is relatively clear that the Federal Reserve is ready to continue raising interest rates, and this is something that could bring the PowerShares DB US Dollar Index Bullish (UUP) up from its prior lows.

Forex traders looking to establish positions in instruments like the euro, the Japanese yen or the British pound will need to remain watchful of the Fed in its next round of policy commentaries. This will be the best way of assessing how concerned it is about the inflation picture and whether we will actually see two additional rate hikes at separate meetings before the end of this year.

Currently, there is still speculation both ways about whether the U.S. economy can withstand further rate increases this year. If not, we can expect lower valuations in assets that are tied to the value of the greenback. The downtrend in the PowerShares ETF has been orderly in ways that are sustainable. Activity in the iShares MSCI Emerging Markets ETF (EEM) will give us a better understanding of what is happening in Asian currencies, and we have already seen some interesting moves in the Chinese yuan renminbi and Malaysian currencies already this year.

Screenshot 2017-07-09 at 5.27.25 PM.png[ Enlarge Image ]

But the fact that we have now seen a five-wave bearish series suggests that the extent of the downtrend might have run its course. This type of analysis lies in conjunction with the Elliot Wave theory, but the underlying trends here have been largely validated by the economic data as well. We have seen strong performances in manufacturing productivity and national jobs data in the U.S. and this is something that could make it easier for the Fed to act in a hawkish fashion again before the end of this year.

Alternatively, forex investors can view the CurrencyShares Euro Trust ETF (FXE) in terms of the ways it suggests broader strength or weakness in the peripheral majors. Forex ETFs generally pose the chosen currency against a basket of currencies, so if we are seeing rallies in CurrencyShares while we are seeing declines in PowerShares, it would suggest the need for sell positions in forex pairs like euro/dollar. Continue to watch for bounces off support at 1.1280 as this was previously an area that acted as resistance and COT reporting data already suggest that we are seeing a cluster of stop loss activity developing in this area.

Photo: Tracy O via photopin cc

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  • JohnDille

    THE KOCH BROTHERS MOVED THE WHOLE INDUSTRY… TO MEXICO WAY BACK IN THE 1980’S!!! THE COMPANY THAT BOUGHT THE FACTORY NOW DOES THE SAME KIND OF STUFF… BUT THEY PAY THEIR MOSTLY ILLEGAL IMMIGRANT LABORERS ABOUT HALF OF WHAT I WOULD HAVE MADE DOINGTHE EXACT SAME WORK… 50 AND EVEN 60 YEARS AGO!!! FREAKING ARROGANT SELFISH AMERICA HATING REPUBLICANS!!!

  • JohnDille

    YEAH… ALL THE TENS OF BILLIONS OF DOLLARS PER YEAR THAT RICH REPUBLICANS SPEND ON BRAIN WASHING PEOPLE IS STARTING TO PAY OFF… BIG TIME! SO MANY PEOPLE BELIEVE ALL THE REPUBLICAN LIES… AND EVERYTHING THAT YOU REPUBLICANS SAY IS LIES AND DISTORTIONS… AND AT BEST… HALF TRUTHS… AND SADLY…. HUGE NUMBERS OF PEOPLE BELIEVE THE SAME LIES AND HORSE MANURE THAT YOU DO…. AND THEY VOTE OUT OF IGNORANCE… JUST LIKE YOU DO! I CONSIDER THE REPUBLICAN PARTY AND ALL THE RIGHT WING MEDIA THAT BACKS IT UP… TO BE TRAITORS…. THEY HAVE PERVERTED THIS NATION AND HAVE DESTROYED THE VERY FOUNDATIONS OF WHAT MADE THIS NATION GREAT!!! AND NOW YOU HAVE A TOTAL FRAUD AND CON ARTIST IS GOING TO MAKE AMERICA GREAT AGAIN????? IF THAT WAS REALLY HIS GOAL… HE WOULD START BY SHUTTING DOWN FOX NEWS AND THROWING THOSUANDS OF TOP REPUBLICANS INTO PRISON… FOR TREASON… AND THEN WE WOULD GO IN AND REBUILD THIS NATION… FROM THE GROUND UP… AND RUN IT THE SAME WAY THAT DEMOCRATS RAN THINGS UP INTO THE MID TO LATE 1970’S… BEFORE REPUBLICANS TOOK OVER AND BEGAN TO DESTROY THIS NATION!!!

  • daniel1154

    You ought to go back to it. At least you would be doing something useful again.

  • JohnDille

    I COOKED FRENCH FRIES… ABOUT 40,000 POUNDS AN HOUR… BACK WHILE I WAS IN HIGH SCHOOL… WHERE I EARNED THE CURRENT EQUIVALENT OF ALMOST DOUBLE THE CURRENT FEDERAL MINIMUM WAGE!!! I STARTED WORKING IN A HUGE FACTORY… ONE OF THE LARGEST IN THE WORLD… THE DAY I TURNED 16…. BECAUSE… WAY BACK THEN… DEMOCRATS RAN AMERICA… AND ALMOST ANYONE COULD GET A JOB, AND COULD EARN… BY TODAYS STANDARDS… VERY GOOD WAGES!!! THEN Y7OU REPUBLICANS TOOK OVER THE COUNTRY, AND STARTED HIRING MILLIONS OF ILLEGALS AND EXPORTING TENS OF MILLIONS OF JOBS AND WHOLE MAJOR INDUSTRIES… TO YOUR COMMUNIST BUDDIES IN CHINA… AND YOU KEPT LOWERING THE MINIMUM WAGE… SO THAT IT IS NOW 40% BELOW WHAT IT WAS WHEN I WAS GETTING STARTED IN LIFE…. AND NOW….FOR PEOPLE IN THE BOTTOM HALF OF SOCIETY… THERE REALLY IS NO POINT TO WORKING.,… EVEN IF YOU CAN FIND AN ACTUAL JOB… BECAUSE YOUR WAGES ARE GOING TO BE SO LOW THAT IT SIMPLY MAKES NO SENSE TO WORK!!! MY WAGES… MORE THAN 50 YEARS AGO… FOR AN ENTRY LEVEL JOB… HARD LABOR… BUT GOOD WORKING CONDITIONS… WHILE I WAS STILL IN HIGH SCHOOL… WOULD… TODAY… PUT ME IN THE TOP 35% OF ALL WORKING PEOPLE!!! THINK ABOUT FOR THAT FOR A LITTLE WHILE… AND ALL OF A SUDDEN YOU WILL UNDERSTAND WHY DEMOCRATS HATE YOU FREAKING ARROGANT GREEDY SELFISH AMERICA HATING REPUBLICANS!!! YOU ARE NOTHING MORE THAN THEIVES AND AMERICA HATERS… AND WE ARE FREAKING SICK OF YOU AHOLES!!!

  • daniel1154

    I doubt that it’s true, but if you do have Democrat clients, it goes a long way toward explaining why Democrats can’t win elections anymore and are no longer a national party.

  • JohnDille

    ACTUALLY… I JUST TAKE FREQUENT BREAKS FROM MY VERY TEDIOUS 50 TO 75 HOUR A WEEK JOB OF CRUNCHING MASSIVE AMOUNTS OF DATA…. TO TRY TO HELP YOU REALIZE THAT YOUR ENDLESS POSTS OF HATE AND RIGHT WING VENOM IS VERY CHILDISH!!! I REALLY WISH YOU WOULD GET YOURSELF A BOYFRIEND OR SOMETHING, SO YOU WOULD LEAVE ME ALONE!!! I AM GETTING TIRED OF BABY SITTING YOU AND YOUR PUERILE IGNORANCE FILLED RIGHT WING MIND!!!RE ACCURATELY, YOUR PUERILE IGNORANCE FILLED RIGHT WING SEWER SUMP PUMP!!!

  • daniel1154

    Actually, I think all you do is post hate, lies and venom all day long. You got caught in various lies numerous times. This was just one of them.

  • JohnDille

    IS IT MY FAULT THAT YOU ARE TOO STUPID TO BE ABLE TO READ????? NO WONDER YOU ARE A REPUBLICAN!!!

    I AM NOW RETIRED… BUT SINCE I AM A WIDELY RECOGNIZED EXPERT ON SCIENCE, ECONOMIC, SOCIAL, AND POLITICAL STUFF, I DO FREQUENT CONSULTING WORK, MOSTLY FOR BUSINESS PEOPLE AND LOCAL AND STATE POLITICAL PEOPLE… MOSTLY DEMOCRATS… BECAUSE REPUBLICANS HATE HEARING THE ACTUAL FACTS, ABOUT ANYTHING!!! PEOPLE ASK ME ABOUT VARIOUS ISSUES, I DIG UP INFORMATION THAT I THINK IS RELEVANT TO THE SUBJECT, AND I INTERPRET THAT INFORMATION ON AN INFORMAL BASIS… AND THEN I EXPLAIN MY FINDINGS AND OPINIONS TO WHOEVER WANTS TO KNOW ABOUT WHATEVER SUBJECT!!
    THERE NOW… I SPOON FED THE RELEVANT INFORMATION TO YOU… JUST LIKE FOX NEWS WOULD… BUT WITHOUT ALL THEIR LIES AND BALONEY, OF COURSE!!!

  • daniel1154

    Now you are retired? Just two posts ago you had an office and professional clintele. See above:

    “AVE YOU EVER BEEN IN MY OFFICE??? MY CLIENTELE ARE MOSTLY PROFESSIONALS”?

    So all you do is post lies here Dillweed, and are stupid enough to post written evidence that you are a prolific liar, just like the Clintons and Obama.

  • daniel1154

    You were not a slave. You chose to work there rather than continuing to cook the french fries. It was your choice. Stop whining.

  • JohnDille

    WHAT??? YOU ARE SO FREAKING STUPID AND ARROGANT THAT YOU ACTUALLY THINK THAT MOST PEOPLE HAVE ANY FREEDOM… AT ALL… IN WHERE THEY CAN WORK??? THE LARE MAJORITY OF WORKING PEOPLE WORK WHERE THEY CAN FIND WORK… AND MOSTLY… THEY GET TO CHOOSE BETWEEN ONE NIGHTMARE TEDIOUS LOW WAGE JOB OR SOME OTHER NIGHTMARE TEDIOUS LOW WAGE JOB!!! SINCE IT IS SO HARD TO FIND ANY JOB… AT ALL… MOST PEOPLE DO LIKE I HAVE MOSTLY DONE… JUST FIND SOME DEAD END JOB AND STICK WITH IT… BECAUSE THE ALTERNATIVE IS TO BE HUNGRY AND HOMELESS!!! WOW… NOW THAT IS REAL FREEDOM…. BE A SLAVE… OR STARVE ON TH STREETS!!! AND BELIEVE ME… I HAVE LIVED ON THE STREETS AND I KNOW HOW HARD THAT IS!!! BUT… IF I WAS ON MY OWN… WITH NO FAMILY TO RTAKE CARE OF… I WOUD HAVE LIVED ON THE STREETS RATHER THAN TO WORK FOR THE LOW WAGES THAT I HAVE MOSTLY HAVE HAD TO WORK FOR… AND FOR MOST OF MY LIFE… I HAVE BEEN IN THE 30TH TO 40TH PERCENTILES, INCOME WISE… MEANING MANY TENS OF ILLIONS OF AMERICANS HAVE HAD TO WORK EVEN WORSE JOBS… FOR EVEN LOWER WAGES… THAN I HAVE HAD TO!!! ANYONE WHO BELIEVES THAT MOST AMERICAS HAVE FREEDOM OF EMPLOYMENT ARE JUST STUPID SELF CENTERED ARROGANT SPOILED LITTLE RICH KIDS… LIKE YOU OBVIOUSLY ARE!!!

  • JohnDille

    HALF OF ALL THE PEOPLE IN AMERICA WORK FOR THE MINIMUM WAGE… AND I HAVE BEEN ONE OF THOSE FOLKS FOR NEARLY MY ENTIRE LIFE! I AM NOW RETIRED… BUT SINCE I AM A WIDELY RECOGNIZED EXPERT ON SCIENCE, ECONOMIC, SOCIAL, AND POLITICAL STUFF, I DO FREQUENT CONSULTING WORK, MOSTLY FOR BUSINESS PEOPLE AND LOCAL AND STATE POLITICAL PEOPLE… MOSTLY DEMOCRATS… BECAUSE REPUBLICANS HATE HEARING THE ACTUAL FACTS, ABOUT ANYTHING!!! PEOPLE ASK ME ABOUT VARIOPUS ISSUES, I DIG UP INFORMATION THAT I THINK IS RELEVANT TO THE SUBJECT, AND I INTERPRET THAT INFORMATION ON AN INFORMAL BASIS… AND THN I EXPLAIN MY FINDINGS AND OPINIONS TO WHOEVER WANTS TO KNOW ABOUT WHATEVER SUBJECT!!! AND THESE FOLKS OFTEN PAY ME FOR MY TIME!!! NOT A LOT… BUT I WOULD DO THAT KIND OF THING FOR FREE, ANYWAY… SO WHATEVER THEY PAY ME IS NICE TASTY GRAVY!!! TOO BAD THAT YOU CHOOSE TO BELIEVE OTHER PEOPLES LIES, OR YOU WOULD KNOW MORE ABOUT THE REAL ME!!!

  • daniel1154

    If you hated it so much why did you work there for a full 5 years? You accepted their employment, along with it’s conditions. They didn’t force you to work there. Unlike the Government, they can’t force anyone to do business with them.

    You continue to establish what a crackpot you are on a daily basis. Sometimes hourly.

  • daniel1154

    Your story used to be that you are retired after working for minimum wage most of your life.

    Is there anything that you say that is not a lie?

  • JohnDille

    I WORKED FOR WAL MART FOR 5 FULL YEARS… S… LIKE MY FELLOW WALMARTIANS… OF COURSE WE HATE WAL MART AND EVERYTHING IT STANDS FOR!!! FROM THE POINT OF VIEW OF MOST REAL AMERICANS, THERE IS NOTHING ABOUT WAL MART TO LIKE!!! ITS JUST A GIANT CORPORATE PLANTATION THAT PAYS SLAVE LEVEL WAGES AND TREATS MOST OF ITS WORKLER LIKE DOG DOO!!! OF COURSE, THAT IS NO LONGER ALL THAT UNUSUAL HERE IN THE LAND OF THE IMPOVERISHED AND THE HOME OF THE WAGE SLAVES!!! ALL OF WHICH YOU WOULD KNOW IF YOU HAD EVER ACTUALLY WORKED FOR A LIVING!!!

  • JohnDille

    HOW WOULD YOU KNOW???? HAVE YOU EVER BEEN IN MY OFFICE??? MY CLIENTELE ARE MOSTLY PROFESSIONALS, AND THEY WOULD NOT PUT UP WITH CHILDISH BEHAVIOR!!! THEY HAVE TO PUT UP WITH ENOUGH OF THAT IN THE REPUBLICAN DOMINATED STATE LEGISLATURE WHERE MANY OF MY CLIENTS DO MUCH OF THEIR WORK!!!

  • daniel1154

    You hate Walmart too? Is there anything you don’t hate other than big Government?

  • JohnDille

    in some American communities, people end up relying solely on the retail giant. You see, when Wal-Mart comes in, it also wipes out the competition.

    “[Wal-Mart] sucks the energy out of a locality, overpowering the competition through sheer scale and forcing the closure of mom-and-pop stores for up to 20 miles around,” reported The Guardian on July 9.

    “They [Wal-Mart] ruined our lives,” said Renee Smith, a small business owner in Oriental, N.C., to Bloomberg News in 2016. Her store immediately saw sales plummet by more than 30% once a Wal-Mart opened in her small town of 895 residents. After Wal-Mart consistently undercut her small mom-and-pop shop prices, she ultimately had to close the business a few months later.

    “They came in here with their experiment and ruined us,” said Smith.

    Though local mom-and-pop stores have steadily disappeared as the mega chain expanded, there was usually a Wal-Mart left behind to replace them. But now the Wal-Marts are disappearing, too – leaving townspeople with nowhere to go.

    Wal-Mart Leaves, Taking the Jobs with It

    The average Wal-Mart Supercenter employs about 350 associates, Add that to Wal-Mart’s average full-time, hourly wage of $11.38 and it’s easy to see how Wal-Mart could inject tens of thousands of dollars into a community each week – leaving it in shambles when it leaves…

    “It was a big thing for people round here when Wal-Mart pulled out,” said Henrietta Banks, whose husband had been a Wal-Mart associate before it left their town, to The Guardian.

    “People didn’t know what to do. Young people started leaving because there’s nothing for them here. It’s like we’re existing, but not existing,” said Banks.

    “The Walton family are billionaires,” said Banks’ daughter in the same interview. (Indeed, their collective worth is roughly $150 billion.) “They developed a system that just made us worse off, and then they took even that away from us.”

    And after jobs, taxes are the next things to go.

    For example, the small town of Kimball, W.Va., used to receive $145,000 a year in taxes from Wal-Mart, according to The Guardian. But when Wal-Mart left the town, the local government had to cut back its workforce and put all remaining staff on a four-day week.

    Even worse, the county government also lost $68,000 in taxes, most of which went to schools. All of the county staff suffered a 10% pay cut to compensate for the loss. “All Wal-Mart was interested in was how many millions of dollars they made, they weren’t interested in helping the community,” said McDowell County Commissioner Gordon Lambert to The Guardian. “When they didn’t make the profit they wanted, they left.”

    Wal-Mart’s total revenue when it closed the McDowell County store was $485.9 billion.

    “They screwed us real hard by leaving us like that,” said another McDowell county resident in the same interview.

    Essentially, a Wal-Mart opens and the businesses around it die. And as the retail environment changes and Wal-Mart closes, a town is left with nothing.

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  • daniel1154

    You are a typical left winger, blaming your failures and shortcomings on other people. You can’t admit that you failed in life, so you claim others got rich at your expense because the capitalist system is designed for that. You are bitter, jealous and resentful, and are therefore condemned to a life where you cry, whine, complain, hate, envy others, and post hate and venom all day and night as a way to act out against what you consider an unjust world and society.

    Just accept the fact that you failed in life on your own. It was no one else’s fault. Look in the mirror Dillweed and accept what you see.

  • daniel1154

    You act like a child Dillweed.

  • JohnDille

    WHY DO YOU HATE YOUR FELLOW MAN SO MUCH, DANIEL??? ARE YOU AFRAID THEY WILL COME AFTER YOU BECAUSE YOU GOT RICH AT THEIR EXPENSE??? CLEARLY, LOSER REPUBLICANS MAY WELL DO THAT!!! WE DEMOCRATS WILL JUST IMPOSE TAXES ON YOU, AND GET BACK SOME OF WHAT YOU STOLE FROM US!!!

  • JohnDille

    YOU SHOULD NOT TALK ABOUT YOURSELF LIKE THAT!!! A LOT OF PEOPLE WOULD HAVE GOOD REASON TO BELIEVE YOU, MYSELF INCLUDED!!!

  • daniel1154

    You are a very bitter man Dillie, and it is not very becoming.

  • JohnDille

    YOU SOUND LIKE A SPOILED ROTTEN LITTLE RICH KID… BECAUSE OBVIOUSLY THAT IS WHAT YOU ARE!!! YOU ARE LIKE TRUMP… YOU GOT EVERYTHING HANDED TO YOU… OR YOU TOOK WHAT YOU WANTED BY BULLYING EVERYONE ELSE… AND YOU THINK THAT THAT IS SOMEHOW NORMAL!!! AND NOW… YOU WHINE AND CRY WHEN SOMEONE DISAGREES WITH YOU!!! WAAAA WAAA WAAA… SOMEONE DISAGREES WITH POOR LITTLE DANIEL, SO THAT GUY MUST BE A BITTER OLD MAN AND A LOSER! SUCK IT UP, LITTLE BOY!!! SOONER OR LATER, LIFE IS USUALLY HARD FOR ALMOST EVERYONE… SO HARD TIMES ARE ALMOST INEVITABLY IN YOUR FUTURE!!! MAYBE YOU WILL FINALLY GROW UP WHEN THOSE HARD TIMES HIT YOU IN THE GUT… LIKE THEY HIT ALMOST EVERYONE ELSE… SOONER OR LATER!!! MAYBE YOU WILL EVEN START TO THINK LIKE AN ADULT… LIKE A DEMOCRAT, IN OTHER WORDS!!!

  • daniel1154

    You sound like an old bitter loser Dillie. Because that is what you are.

  • JohnDille

    REPUBLICANS… GREAT BIG RICH STUPID ANIMALS, LIVING THE HIGH LIFE JUST BEFORE AN ASTEROID TOOK THEM ALL OUT!!! AND THERE IS DANIEL.. WHISTLING PAST THE REPUBLICAN GRAVEYARD THAT HIS PARTY OF THIEVES AND TRAITORS WILL SOON INHABIT!!!

  • daniel1154

    The Democratic Party Will Get Crushed in 2018
    Miami Herald – FRIDAY, JUNE 23, 2017 AT 1:06 P.M.

    The Democratic Party is in desperate need of a major overhaul. Nationally, the party lost the crucial special election for Georgia’s Sixth Congressional District earlier this week. And here in Florida, the state’s Democratic Party chairman, Stephen Bittel, badly alienated black Democratic lawmakers by calling them “childish,” sparking accusations of racism.

    It’s obvious the Democrats can’t stop shitting the bed. It’ll be very difficult for the party to get its act together with the 2018 midterm elections on the horizon.

    Of course, Democrats want America to believe they are winners. They’ll point out that their candidate in Georgia, Jon Ossoff, lost by only four points to Republican Karen Handel in a district they lost by more than 20 points in 2016. Yet for all the millions of dollars the party spent on Ossoff, he still garnered 24 fewer votes than the Democrat who ran against Tom Price for the same seat last November. That opponent, Rodney Stooksbury, spent zero dollars, gave no interviews, and might not even exist.

    Democrats keep hoping Donald Trump fatigue will propel them into first place in competitive races. They are like the Vanderbilt University football team looking at a seven-point loss to the University of Alabama as a moral victory. They’ll proclaim, “We were supposed to lose by more than 20 points!”

    It’s no wonder Trump mocked the Democrats on Twitter following Ossoff’s embarrassing defeat. After the Georgia results came in, the president tweeted, “Well, the Special Elections are over and those that want to MAKE AMERICA GREAT AGAIN are 5 and O!”

    In Florida, meanwhile, the Democrats are led by Bittel, a billionaire real-estate developer who showed his true colors earlier this week when he lashed out at black lawmakers by describing them as children and then accusing them of playing the “race card” when they rightfully complained. But instead of calling for his resignation, top Florida Democrats such as Sen. Bill Nelson and gubernatorial candidate Gwen Graham stood by Bittel.

    The Democrats haven’t figured out that the winning formula involves connecting with the average American. Eight years of Barack Obama couldn’t convince them that they have to tap into the streets.

    Obama won because he could identify with the common man because of his background as a community organizer. Bernie Sanders is popular among millennial voters and middle-class Americans because he fights for policies that matter to them. Trump won because he connected with rural white Americans who felt betrayed by the Republican Party.

    The president took over the GOP because he wasn’t Ted Cruz or Marco Rubio, who come off as used-car salesmen trying to sell you a lemon. Yet the Democrats are offering voters nothing but lemons.

  • daniel1154

    Dillweed. Not everybody is like you. Some people people produce value. All you produce is hot air punctuated with hate and venom.

  • JohnDille

    SO… YOU ARE TOO ARROGANT AND SELF CENTERED TO EVEN REALIZE THAT YOU GOT LUCKY…. AND THAT PRETTY MUCH ALL OF YOUR INCOME AND WEALTH CAME OUT OF SOMEONE ELSES POCKETS… AND/OR FROM THEIR WORK AND THEIR SACRIFICES AND THEIR EFFORTS??? GOOD LORD… NO WONDER YOU ARE A REPUBLICAN!!! NOT JUST STUPID… BUT ARROGANT AND SELF CENTERED TO BOOT!!!

  • daniel1154

    Luck had nothing to do with it, and neither did Government. I earned everything I have, and did not steal from people like the Clintons, Corzine, McCauliffe, or that great democrat contributor Bernie Madoff.

  • JohnDille

    SO… YOU GOT LUCKY AND FOUND A WAY TO DEFRAUD AND RIP OFF THOUSANDS OF OTHER PEOPLE, TO FUND YOUR SELF CENTERED AND EXTREMELY ARROGANT LIFE STYLE???? WHY WOULD ANY REAL AMERICAN OR REAL HUMAN BEING WANT TO BE ANYTHING AT ALL LIKE YOU???

  • JohnDille

    The Bureau of Land Management is trying to delay—and potentially reverse—a rule it finalized last year requiring oil and gas companies to capture natural gas that would otherwise be burned, deliberately vented, or leaked into the air.

    This week, alongside a coalition of tribal and environmental groups, we took the Trump administration to court for this reckless and shortsighted decision.

    Help us take on this and other legal challenges today!

    The commonsense rule would protect public and tribal lands, safeguard public health, decrease greenhouse gas emissions and compensate taxpayers for gas that’s taken from public lands.

    More specifically, the rule the Trump administration is trying to eliminate would:Cut emissions of methane—a greenhouse gas 86 times more powerful than carbon dioxide over the short term—by up to 1,800,000 tons per year. That is the equivalent of taking 9,500,000 vehicles off the road

    Prevent oil and gas companies from wasting 410 billion cubic feet of natural gas each year through leaks, venting and flaring—enough to supply 7,400,000 households for a year

    Put Billions of dollars that are essentially being burned up by drilling companies back into the public coffers… all that gas that is now going to waste is owned by the public!!!

    Knowing all this, the Trump administration is still bending to pressure from polluting industries.

  • daniel1154

    Are you incapable of anything but Hate Dillweed. You instinctively spew venom. Don’t you ever enjoy yourself? Or is hating other people your idea of enjoyment?

  • daniel1154

    Dillweed. Your knowledge of the world is so limited and you are so poorly informed. 5 million Americans have homes in Mexico, and live here at least part time. They are not part of a crime syndicate. If you want to find crime, look no further than the Clinton crime family.

  • JohnDille

    SO… YOU WORK FOR DRUG LORDS…. THEY NEED USEFUL PUPPETS LIKE YOU, I SUPPOSE!!!

  • JohnDille

    I AM TIRED OFTRYING TO TEACH YOU ANYTHING!!! YIOU ARE TOO STUPID AND BRAIN WASHED TO LEARN… SO GO SPEW YOUR RIGHRT WING HATE AND PROPAGANDA ELSEWHERE!!! I HAVE FAR BETTER THINGS TO DO… AND FAR BETTER STUDENTS TO TEACH… THAN TO WASTE MY TIME ON A BRAINLESS PUPPET LIKLE YOURSELF!!! ENJOY YOUR POINTLESS LIFE OF PUPPETERY!!!

  • daniel1154

    Dillweed. You’re quiet. Have you decided to stop spewing hatred and venom? Will you leave others in peace and stop attacking them because they think differently than you, assaulting them with hatefulness and the intent to harm? I hope you are not a hater anymore, and you start to live a life worth living.

  • daniel1154

    I own three homes in two different countries. Sitting in my home in Mexico near the beach right now. Have another on the beach in the United State and yet another.
    I’ve been to 32 countries. Traveled the world for both businesss and pleasure.
    Have made a wonderful life for myself and I have the best of everything.
    The Government was not able to rob me of a good life, but they tried.
    I feel sorry for you living in your miserable hate filled tragic life.

  • JohnDille

    SO… YOU HAVE WASTED YOUR EDUCATION??? AND THEN YOU BAD MOUTH ME FOR NOT BEING ABLE TO MAKE MUCH USE OF MY PRETTY GOOD EDUCATION??? I KNOW WHY I HAVE NOT DONE WELL… I AM NOT AN ILLEGAL… AND IN OUR REPUBLICAN DOMINATED AMERICA… ONLY RICH PEOPLE AND IMMIGRANTS… ESPECIALLY ILLEGAL IMMIGRANTS… ARE EVEN ALLOWED TO PLAY THE GAME OF LIFE!!! WHY DO YOU THINK TENS OF MILLIONS OF ANGRY WHITE GUYS SUPPORT TRUMP??? ITS BECAUSE REPUBLICANS HAVE SCREWED THEM OVER… JUST LIKE REPUBLICANS HAVE SCREWED ME OVER… FOR THE PAST 40 YEARS OR SO!!! THE DIFFERENCE IS… I USED MY EDUCATION TO GET A GOOD UNDERSTANDING OF WHAT IS REALLY GOING ON… WHILE YOU TRUMP SUPPORTERS JUST GOT BRAIN WASHED BY YOUR BILLIONAIRE MASTERS… VIA FOX NEWS AND ALL THE PROFESSIONAL RIGHT WING LIARS LIKE RUSH LIMBAUGH! SUCKERS!!! YOU JUST VOTED IN YET ANOTHER CROP OF REPUBLICANS WHO WILL DO EVERYTHING IN THEIR POWER TO MAKE THINGS WORSE FOR ALL OF YOU IDIOTS!! AND WORSE FOR ALL OF US DEMOCRATS, TOO… BUT AT LEAST WE KNOW WHO IS TRULY TO BLAME FOR OUR PROBLEMS!!!

  • JohnDille

    WHAT A SURPRISE!!! INCOMES ARE AS MUCH AS 150% HIGHER IN SOLIDLY DEMOCRATIC CITIES STATES AND COUNTIES THAN IN SOLIDLY REPUBLICAN CITIES STATES AND COUNTIES… SO OF COURSE PEOPLE WHO VOTE FOR DEMOCRATS ARE MUCH MORE LIKELY TO HAVE GOOD INCOMES THAN PEOPLE WHO VOTE FOR REPUBLICANS!!! WHICH IS WHY THE REPUBLICAN PARTY GETS NEARLY ALL OF ITS CONTRIBUTIONS FROM BILLIONAIRES AND GIANT CORPORATIONS… WHILE DEMOCRATS GET THEIR CONTRIBUTIONS MOSTLY FROM INDIVIDUAL WORKING PEOPLE AND SMALL BUSINESS OWNERS!!! THE REPUBLICAN PARTY IS OWNED AND TOTALLY CONTROLLED BY A FEW THOUSAND REALLY RICH PEOPLE… WHILE DEMOCRATS ARE THE PARTY OF THE PEOPLE, BY THE PEOPLE, AND FOR THE PEOPLE!!! TOO BAD YOU ARE JUST A PUPPET OF THE RICH… WHILE GUYS LIKE ME ARE SPOKESPEOPLE FOR MANY TENS OF MILLIONS OF WORKING PEOPLE!!! DANIEL THE PUPPET OF THE RICH… SPEWING HIS HATE BECAUSE HE HAS FINALLY REALIZED THAT HE HAS MISSED THE BOAT!!! HE FEELS BETRAYED… BECAUSE HE HAS BEEN BETRAYED BY HIS RICH MASTERS… BUT… BIZARRELY… HIS HATRED IS DIRECTED AT THE DEMOCRATS WHO HAVE BEEN TRYING FOR DECADES TO HELP HIM AND OTHER PUPPETS LIKE HIM!!! OK… SPEW YOUR HATE… YET AGAIN…. PUPPET!!!

  • daniel1154

    Did you get these supposed degrees from accredited schools?
    If you have such credentials why do you claim you worked for minimum wage your entire life?
    By the way, even if true, those credentials do not top my education.

  • daniel1154

    Dillweed. Times passed you by long ago. From the New York Times:

    “How Did the Democrats Become Favorites of the Rich?”

    “In 2014, the median income of households in Democratic districts was higher than in Republican districts, $53,358 to $51,834. Democrats represent seven of the 10 most affluent districts, measured by household income (four in California, two in Virginia and one in New York). Democrats also represent a majority of the 100 most affluent districts, 54-46.”

    Voters on both the left and the right often claim that there is no difference between the Democratic and Republican Parties, and of course that isn’t true. There’s a big difference between Elena Kagan and Antonin Scalia, for one thing. But there may be more to this argument than you think.

    Democrats now depend as much on affluent voters as on low-income voters. Democrats represent a majority of the richest congressional districts, and the party’s elected officials are more responsive to the policy agenda of the well-to-do than to average voters. The party and its candidates have come to rely on the elite 0.01 percent of the voting age population for a quarter of their financial backing and on large donors for another quarter.

    The gulf between the two parties on socially fraught issues like abortion, immigration, same-sex marriage and voting rights remains vast. On economic issues, however, the Democratic Party has inched closer to the policy positions of conservatives, stepping back from championing the needs of working men and women, of the unemployed and of the so-called underclass.

    In this respect, the Democratic Party and its elected officials have come to resemble their Republican counterparts far more than the public focus on polarization would lead you to expect. The current popularity of Bernie Sanders and his presidential candidacy notwithstanding, the mainstream of the Democratic Party supports centrist positions ranging from expanded free trade to stricter control of the government budget to time limits on welfare for the poor.

    AdvertisementContinue reading the main story

    “Both Republicans and many Democrats have experienced an ideological shift toward acceptance of a form of free market capitalism which, among other characteristics, offers less support for government provision of transfers, lower marginal tax rates for those with high incomes, and deregulation of a number of industries,” the political scientists Adam Bonica, Nolan McCarty, Keith Poole and Howard Rosenthal write in a 2014 essay titled “Why Hasn’t Democracy Slowed Rising Inequality?”

    The authors, from Stanford, Princeton, the University of Georgia and N.Y.U., respectively, go on to note that

    the Democratic agenda has shifted away from general social welfare to policies that target ascriptive identities of race, ethnicity, gender and sexual orientation.

    The structural forces changing the character of the Democratic Party appear in voting patterns and in the altered partisan allegiance of the professional classes and of the very rich.

    Nowhere is this trend more apparent than in the changing pattern of campaign contributions. In September, Bonica and Rosenthal completed an additional study, “The Wealth Elasticity of Political Contributions by the Forbes 400,” that demonstrates a substantial increase in campaign donations from the very wealthy to Democrats.

    Between 1982 and 2012, the Republican share of contributions from the Forbes 400 has been steadily falling, to 59 percent from 68 percent. As membership in the Forbes 400 changes, this trend will accelerate because new members are more likely to direct their money to Democrats than the old members are, Rosenthal wrote me in an email: “Larry Page and Sergey Brin — co-founders of Google — are quintessential new money Democrats.”

    In their 2014 paper, Bonica, McCarty, Rosenthal and Poole tracked the sources of money flowing to Democratic candidates and parties from 1980 to 2012. As the accompanying charts show, they found that the share of contributions to Democrats from the top 0.01 percent of adults — a much larger share of the population than the Forbes 400 list — has grown from about 7 percent of total campaign contributions in 1980 to more than 25 percent of contributions in 2012. The same pattern is visible among Republicans, where the growth of fundraising dependence on the superrich has been moving along the same trajectory.

    The kinds of congressional districts Democrats are now winning also tilt toward the well-to-do. Data on the median household income of congressional districts provided by ProximityOne, a company that specializes in the analysis of geographic, demographic and economic data, shows the following:

    In 2014, the median income of households in Democratic districts was higher than in Republican districts, $53,358 to $51,834. Democrats represent seven of the 10 most affluent districts, measured by household income (four in California, two in Virginia and one in New York). Democrats also represent a majority of the 100 most affluent districts, 54-46.

  • JohnDille

    ONLY RICH PEOPLE HAVE ENOUGH SAVINGS TO EARN ANY NET INTEREST!!! THE TOP 3% OF THE US POPULATION OWN MORE THAN 90% OF ALL US OWNED FINANCIAL INSTRUMENTS THAT GET THEIR INCOME FROM INTEREST!!! OF COURSE YOU WOULD KNOW THAT IF YOU WERE AN HONEST AND WELL INFORMED AMERICAN… BUT VERY CLEARLY YOU ARE NEITHER HONEST NOR WELL INFORMED… AND PROBABLY NOT EVEN AN AMERICAN!!! YOU ARE PROBABLY ONE OF DONALD TRUMPS RUSSIAN PROPAGANDA PUSHERS!!! AS FOR DEMOCRATS BEING OUT OF POWER… YOU ARE RIGHT… RICH REPUBLICANS HAVE BEEN BUYING UP ALMOST TOTAL CONTROL OF GOVERNMENT… AT ALL LEVELS… OVER THE LAST 50 YEARS, AND NOW THEY OWN PRETTY MUCH EVERYTHING!!! AREN’T YOU PROUD TO BE PART OF THE GREEDY ELITE WHO HAVE HELPED TO DESTROY THE ONCE GREAT AND POWERFUL UNITED STATES OF AMERICA??? RUSSIA AND THE KOCH BROTHERS SURELY CONSIDER YOU AN ALLY…. MERELY A USEFUL IDIOT… BUT STILL AN ALLY!!! MAYBE THEY WILL THROW YOU SOME CRUMBS ONE OF THESE DAYS… OR EXECUTE YOU AFTER THEY GET RID OF ALL THE LIBERALS!!! THAT IS THE USUAL FATE OF USEFUL IDIOTS LIKE YOURSELF!!!

  • JohnDille

    I HAVE A BACHELOR OF SCIENCE DEGREE IN COMPUTER MAPPING… THOUGH UNFORTUNATELY THAT BECAME OBSOLETE ALMOST BY THE TIME I EARNED IT… AND IN POLITICAL SCIENCE… AND MINORS IN NUCLEAR PHYSICS AND NUCLEAR CHEMISTRY!! I WOULD THINK THAT THOSE CREDENTIALS BEAT YOUR JUNIOR HIGH DIPLOMA ALL HOLLOW!!! BUT AT LEAST YOU ARE BETTER EDUCATED THAN MOST TRUMP SUPPORTERS… ALTHOUGH THAT IS NOT SAYING MUCH! AS FOR COLLEGES BEING BASTIONS OF LIBERAL IDEOLOGY…. I SHOULD HOPE SO… THAT IS WHAT COLLEGES ARE FOR… TEACHING PEOPLE THE TRUTH ABOUT HOW THE WORLD WORKS, AND DESTROYING CONSERVATIVE MYTHOLOGIES AND RIGHT WING LIES AND PROPAGANDA…. THE KIND OF GARBAGE THAT YOU HAVE CLEARLY FILLED YOUR FEEBLE BRAIN WITH!!!

  • daniel1154

    Only 58%? I would think it would be much higher given that they are nothing but left wing indoctrination institutions.

    Speaking of colleges and universities, what college or university did you fail to graduate from? Did you even try?

  • daniel1154

    Tell that to retirees trying to live off their savings. What you laughingly call and “economic boom” under Obama was rigging the markets so his well connected friends could get rich.

    So much for the economic boom. Democrats are out of office virtually everywhere.

  • JohnDille

    A new survey from the Pew Research Center found that a majority of Republicans and Republican-leaning independents (58 percent) now think that colleges and universities are having a negative impact on the United States. That’s up from 45 percent last year.

    For comparison, most Democrats and Democratic leaners (72 percent) think that institutions of higher learning are having a positive effect on the country, which is consistent with poll results from recent years.

    Republican positions on colleges and universities changed drastically over a relatively short period.

    Less than two years ago, in September 2015, 54 percent of Republicans thought colleges and universities were having a positive impact on the U.S. Only 37 percent thought otherwise. Last year, Republicans were split on the impact of these schools (43 percent positive versus 45 percent negative).

    This is the first time a majority of Republicans expressed disapproval of higher education since the Pew Research Center first started asking this question in 2010.

    Between 2015 and 2017, Republicans with positive views of higher education’s impact on the nation dropped from 54 percent to 36 percent — 18 percentage points. The drop affected most demographic and ideological groups within the Republican Party. There was little change in opinion based on the level educational achievement.

    SO… THE TRUMPTARDS REALLY ARE DUMBING DOWN AMERICA… AND FOX NEWS IS BUILDING A FANTASY WORLD FOR ALL YOU TRUMPTARDS TO BELIEVE IN!!! UINFORTUNATELY, THAT IS BAD FOR REAL AMERICANS!!!

  • JohnDille

    HIGHER INTEREST RATES SERVE THE BEST INTERESTS OF THE RICH… AND ONLY THE RICH!!! THEY ARE THE ONLY PEOPLE IN AMERICA WHO EARN MORE IN DIRECT OR INDIRECT INTEREST INCOME THAN THEY PAY IN MOSTLY WELL HIDDEN INTEREST COSTS!!! IN FACT… NET INTEREST INCOME IS BY FAR THE BIGGEST CONTRIBUTOR TO THE RAPIDLY GROWING GULF BETWEEN THE VERY RICH… AND EVERYONE ELSE… IN AMERICA… AND IN MANY OTHER NATIONS, AS WELL!!! AND SINCE REPUBLICANS ARE THE PARTY OF THE RICH… REPUBLICANS… AND ONLY REPUBLICANS… ARE CALLING FOR HIGHER INTEREST RATES!!! MUCH OF THE ECONOMIC BOOM SINCE OBAMA TOOK OFFICE WAS DIRECTLY DUE TO THE MUCH LOWER THAN NORMAL INTEREST RATES THAT BECAME THE NORM WHILE OBAMA WAS IN OFFICE!!! NOW… IF YOU KNEW ANYTHING AT ALL ABOUT EVEN BASIC ECONOMICS, YOU WOULD UNDERSTAND WHY A LOW INTEREST RATE ENVIRONMENT… COMBINED WITH HIGH TAXES ON THE WEALTHY AND ON BIG BUSINESS… MADE AMERICA THE RICHEST AND STRONGEST AND MOST FREE AND EQUITABLE NATION ON EARTH BACK IN THE 1940’S AND INTO THE 1970’S!!! BUT THEN, REPUBLICANS CAME ALONG AND CUT TAXES FOR THE RICH AND DROVE UP DIRECT AND INDIRECT INTEREST COSTS… AND THUS KILLED THE GOOSE THAT LAID ALL THE GOLDEN EGGS… NOT JUST HERE IN AMERICA… BUT… IN EFFECT… ALL OVER THE WORLD!!! BECAUSE, YOU SEE… UNDER DEMOCRATS, THE UNITED STATES GAINED ALMOST COMPLETE CONTROL OF THE WORLD’S ECONOMIC SYSTEM… AND THEY USED THAT SYSTEM FOR THE BENEFIT OF WORKING AND ORDINARY PEOPLE ALL OVER THE WORLD!!! REPUBLICANS DESTROYED THAT SYSTEM… AND WE MAY NEVER RECOVER FROM THE ENORMOUS DAMAGES THAT REPUBLICANS HAVE CAUSED!!!

  • daniel1154

    Dillweed. When interest rates rise, the dollar rises with them, since capital is attracted with the higher rates. Also higher rates benefit the middle class, since they can earn more on their savings. The Democrats have been fixing the system to benefit the rich on the backs of the middle class by artificially suppressing interest rates to benefit the filthy rich who own and finance the Democrat party.

    Of course if you had an education I would not have to explain these things to you.

  • JohnDille

    AHHH… THE TRUMP EFFECT BEGINS….
    THE US DOLLAR WILL PLUMMET
    AND INTEREST RATES WILL SOAR
    THE RICH WILL GET MUCH RICHER
    AND WORKING PEOPLE WILL GET POOR!!!
    PUTIN AND HIS OLIGARCHS WILL CHEER
    THEIR SUCCESSES, AND LAUGH AT TRUMP
    THEIR BRAINLESS PUPPET, WHILE FOX
    BLAMES OBAMA FOR AMERICA’S BIG SLUMP
    INSTEAD OF THE GUILTY ORANGE HAIRED OX!!!