The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. Figure 1. Brent oil spot price and world oil supply (broadly defin… more →
Our Finite Worldwrote 2 months ago: The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn … more →
wrote 3 months ago: Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’ … more →
wrote 10 months ago: I recently wrote an article called Oil Supply Limits and the Continuing Financial Crisis, which has … more →
wrote 10 months ago: Stocks sink on fresh fears about global economy NEW YORK (AP) — July doesn’t look so pro … more →
wrote 10 months ago: ________________________________________ Get ready. Financial capitals all around the world are awas … more →
wrote 11 months ago: We have all read about the standard “fixes” for a governmental debt problem–(1) in … more →
wrote 1 year ago: As we have been approaching the $14.3 trillion statutory limit to federal borrowing, I and many of m … more →
wrote 1 year ago: I have written quite often saying that rising oil prices can be expect to lead to debt defaults. For … more →
wrote 1 year ago: Congressman Paul Ryan, the Budget Committee chairman in the U.S. House of Representatives, said Repu … more →
wrote 2 years ago: Bloomberg | April 28, 2010 | 18:44 EDT Nouriel Roubini, the New York University professor who predic … more →