Category: Energy and Oil
Food inflation: A truly painful downsizing
Jun 30th
Just in the past few weeks, there has been a stealth increase in the price of two of the four major food groups, namely breakfast cereal and ice cream. more »
Finally a newspaper takes on anti-Schaffer propaganda
Jun 28th
It's nobody's fault but ours that so many of our citizens are susceptible to advertising which tries to make someone look bad simply for being part of a particular industry.
It would be amusing if it weren't so dangerous to the economy that millions… more »
The Australian: Misguided US plan to curb oil futures speculation
Jun 28th
Here's another must-read article by someone from the outside looking in on the dangerous econo-nonsense being proposed by those who want to stop "speculation" in futures markets.
see "Misguided US plan to curb oil futures speculation", The Australian,… more »
Efforts to Curb Speculation `Foolish'
Jun 25th
Here's an article from Bloomberg which should be read by everyone who is proposing or supporting legislation or regulation to stop speculation in futures markets:
Exchange Says Efforts to Curb Speculation `Foolish'
Bloomberg News, 6/25/08
http://ww… more »
Energy and politics
Jun 25th
As people from both coasts move to the West, where many of our onshore resources are concentrated, we are seeing more application of the BANANA principle: Build Absolutely Nothing Anywhere Near Anybody. Unless and until that changes or is overcome, Americans should expect environmentalists, liberal multi-millionaires, and their foot soldiers in Congress to continue to saddle us with high energy prices. more »
Oil speculators
Jun 18th
In these days of $135 barrels of oil and $4 gallons of gasoline, a particular siren song is being heard repeatedly from people of all political stripes: “It’s the speculators!”
There is just enough of a kernel of truth in the claims to give dangerous… more »
An ugly morning in the markets
Jun 6th
Shortly after the stock market open on Friday, the Dow Jones Industrial Average was down over 230 points on a pair of news reports which were quite ugly for America...and by extension likely to be somewhat ugly for Republicans in November if they represe… more »
More oil and gasoline discussion
May 31st
A few days ago, I posted on these pages a note I sent to a friend who asked about oil and gasoline prices.
He passed it on to a couple of his friends, one of whom commented back.
Following is my reply to his comments. (His comments are in italics,… more »
A lesson on oil prices
May 28th
A friend of mine asked me a few short questions...and I sent him a very long answer...about oil and gasoline prices. I case you're interested in the subject, here's the conversation:
Hi Ross,
It's Pat, and now it's my turn to ask you about som… more »
"Gas Tax Holilday": Junk Economics; Questionable Politics
May 12th
Much political buzz lately has revolved around support by Senators Clinton and McCain, and opposition by Senator Obama, to a "federal gas tax holiday".
According to year-old data from the Department of Energy, "The average American uses 500 gallons of… more »
