 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 17 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 1 day | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 1 day | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 1 day | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 1 day | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Finance / the Economy
What the S&P Downgrade Means to you and Me
S&P lowered the US debt rating from AAA to AA+ on Thursday. What does this mean to you and me? Well, S&P is only one of three debt rating services, and…
European Debt Crisis Now Takes Center Stage
As US politicians put their debt crisis to bed, for the time being at least, all eyes switch to Europe. The European debt crisis is, in reality, any number of…
Putin Calls U.S. Economic Parasite
Don’t expect to see Russian President Vladimir Putin invited to the White House for a sleepover in the Lincoln Bedroom anytime soon. Vladimir Vladimirovich has committed the unpardonable diplomatic sin…
How Long Can the Spending in Afghanistan Continue?
With all the debate in the United States over raising its debt ceiling, politicians and lawmakers are once again fighting over national spending. Democrats are sore that the US$2.4 trillion…
Jesters, Economics, and American Dollar Supremacy
The debt debate has been going on all summer, a 2 months and running theatrical experience of court jesters parading about while the United States economy teeters on the edge.…
GDP is Another Bucket of Cold Water
Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at…
Something Extraordinary is Happening in the Russian Federation
Nine decades after Lenin and his Bolsheviks imposed Communism on the Russian empire and two decades after the implosion of the USSR, some of the country’s largest industrial conglomerates retained…
Debt Disagreement and the Need to Transition the Economy to Post Growth Mode
President Obama and House Speaker Boehner are both right, but they’re both tragically wrong. And unless they can somehow wake up and see why they’re wrong, we all lose—big time.…
China Slowing But Growth Remains Robust
The latest set of data and various reports confirm that metals demand is strong and growing in China. Even as Beijing escalated efforts to close less energy-efficient and smaller smelting…
Fed Dissatisfied with Current Pace of Economic Recovery
The minutes from the June Fed meeting provided a little something for everyone as Fed officials discussed both an exit strategy and… drum roll please… the possibility of more quantitative…
Soros: Weaker Countries will soon be allowed to Abandon the E.U.
Billionaire businessman and prominent philanthropist, George Soros reportedly told Bloomberg that it is probable a country will exit the euro, as strategies are being implemented to allow economically weaker nations…
The Fifth Option: Is This how Governments Will Fix Their Debt Problems?
We have all read about the standard “fixes” for a governmental debt problem – (1) inflate your way out of the problem, (2) cut programs and/or raise taxes, and (3)…
China's Bad Debt and Slowing Growth
What goes around comes around they say, along with other equally useless phrases like “all good things come to an end.” China has had a good financial crisis of that…
Greenspan: Greek Default Will Trigger Another U.S. Recession
European finance ministers, IMF officials and a coalition of other international institutions, are in the process of developing a new bailout program for Greece, as many maintain doubts as to…
The Bitter Medicine for the United States
On a map, it appears that the United States is made up of 50 states. The fiscal reality is that we have 20. Portugal’s, 15 Italy’s, 10 Irelands, 3 Greece’s,…
Roubini: QE3 Will be With us Before the End of the Year
According to the latest Wall Street Journal economic forecasting survey, sluggish hiring along with a lowered estimate of job creation anticipated in the next year are the leading threats to…
The China View from 30,000 Feet
I have long sat beside the table of Mckinsey & Co., the best management consulting company in Asia, hoping to catch some crumbs of wisdom. So, I jumped at the…
Renewed Crisis in the Eurozone
Earlier this year it appeared that economic and financial policy officials were finally coming together with an effective approach to addressing the critical debt crisis in the smaller “peripheral” economies…
Earth’s Limits: Why Growth Won’t Return
The 2008 crude oil price, $147 per barrel, shattered the global economy. The “invisible hand” of economics became the invisible fist, pounding down world economic growth to match the limitations…
Why Jim Chanos is Wrong About China
Hedge fund titan, Jim Chanos, is well known for his extremely bearish views on China. He says that the cracks are spreading on the façade, real estate sales are falling,…
