Strait of Hormuz Could Not Care Less About Federal Reserve
On the matter of market prices, the Fed just doesn’t matter… Continue reading on Forbes.
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oil
Why Is the Wall Street Journal Putting David Ricardo In Time Out?
The great Andy Kessler says it’s “crazy” that California imports oil extracted in Iraq. Or maybe not. As Kessler knows better than anyone reading this, rare does a week go by that some California-based startup isn’t valued in the billions. So, while Texas likely doesn’t take in oil imports from Iraq, it’s similarly not
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Under the “Worst” President for “American Oil,” We Thrived
Ronald Reagan was a terrible president for “American oil.” He had nothing against crude, but Reagan did favor reversing the weak dollar policies embraced by Presidents Nixon and Carter in the 1970s, and that caused “oil shocks” that were really dollar shocks. The U.S. was far more “energy independent” during the 1970s under Presidents Nixon and
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With Energy, Tomorrow Is Often Another Country
The U.S. oil sector had its worst stretch under Ronald Reagan. So substantially did prices fall during his presidency that even his Vice President (George H.W. Bush) made the rather puzzling suggestion that OPEC should be prodded to restrain oil prices from further decline. When markets are untouched by the powers that be, the
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A Falling Oil Price Is a Beautiful Sign of Progress, Not ‘Recession’
“We better hang up. This call is getting very expensive.” It’s something no one says anymore, but it was the norm right up to the dawn of the 21st century, and realistically beyond. Long distance calling used to be very expensive. So were computers very pricey. The typical desktop on offer in the 1990s cost
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While Oil Is Essential to Life and Progress, ‘Drill Baby, Drill’ Is Mindless
A recent front page story in the Wall Street Journal told the story of a courageous entrepreneur who impressively got in the proverbial door with Costco. She had what Journal reporter Ruth Simon referred to as an “African inspired” snack, and after a great deal of courting, Florence Dennis had a $375,000 order from Costco. Easy street from there? Hardly.
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