Categories: Energy, markets
Gleaning The Wrong Lesson From Minsky
May 3rd, 2008In his May 2nd, 2008 New York Times article "Determining Who gets to Ride the LifeBoat", Floyd Norris discusses this issue of mortgage "bailouts" and economic downward spirals. Many have acknowledged that the question of "who is worth helping" is a tho… more »
Where Is All This Commodities Inflation Coming From?
April 26th, 2008Now that commodities inflation is undeniable -- it is hard to ignore pan-global food riots -- there is naturally a great deal of bickering over the cause.
This "ag-flation" surely must agitate many on Planet Wall Street, since they had decided by the… more »
Simmons: Peak Oil is Now
February 5th, 2007After looking at Saudi production, I placed the global oil peak at approximately spring of last year. Why are prices lower then? Easy: short-term effects -- hedge fund trading and favorable weather.
Matthew Simmons, chairman of Simmons & Co. I… more »
Chavez Figures Out How To "Whip Inflation Now"
January 8th, 2007Venezuela's flamboyant populist dictator Hugo Chavez has a new plan to solve his country's economic problems, which remain legion, nine years after his tenure began and hundreds of billions of dollars in windfall oil revenues later. Most glaring among t… more »
Carbon Tax: Close, But No Cigar
November 9th, 2006So, lots of people are now calling for a Carbon Tax -- to help slow global warming, wean us off Middle Eastern and other unsavory sources of oil, and a host of other genuinely-attractive social goods (a higher national gas tax is a similar idea to the sa… more »
Is peak oil irrelevant?
October 25th, 2006James Hamilton has an interesting post over at Econbrowser on whether there is any merit to the Peak Oil position (he concludes that there is, which I concur with). The discussion thread is interesting as well. I'm posting here just to echo a message p… more »
Petro-Update
September 23rd, 2006With pullback in the oil and gasoline markets in the past month, the related Amaranth blow-up, and OPEC talking about output cuts again, it is worth taking stock of the energy market. In this post I pull together a couple of pieces of information and so… more »
Congressman aims to eliminate SUV tax breaks
August 30th, 2006Its about time this got noticed past the blogosphere:
"It is incredible that the Bush Administration and Republican Congress can be so blind as to leave these tax loopholes in place while our dependence on Middle East oil soars, the price of gasol… more »
It's the China Show in Today's WSJ
August 29th, 2006Or maybe China normally figures this prominently (as it probably should). Anyway, here are some highlights [with some bracketed, value-added (hah) editorial commentary from me]:
Probe widens into possible abuse into Shanghai's retirement system. P… more »
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