• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 35 mins Sources confirm Trump to sign two new Executive orders.
  • 3 hours CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 12 hours Why Wind is pitiful for most regions on earth
  • 5 hours In a Nutshell...
  • 7 hours No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 23 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 1 hour A Real Reality Check on "Green Hydrogen"
  • 15 hours Why Oil could hit $100
  • 8 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 3 hours Putin Paid Militants to Kill US Troops
  • 3 days Joe Biden to black radio host, "If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 2 days Coronavirus hype biggest political hoax in history
Exxon’s Big Bet On Algae Biofuels Is Crumbling

Exxon’s Big Bet On Algae Biofuels Is Crumbling

ExxonMobil has made significant investments…

Oil Giant Considers Drastic Move As Pandemic Persists

Oil Giant Considers Drastic Move As Pandemic Persists

Anglo-Dutch oil major Shell is…

More Trust is Needed in the Government for Economic Stimulus to Work

From my latest NYT column, here is one excerpt:

During the financial crisis, the prices of stocks, homes and other assets all fell, leaving the American public feeling less wealthy. In fact, the Federal Reserve reported last week that the crisis had erased almost two decades of accumulated prosperity for a typical family. The American economy and its financial system failed a giant stress test, at least when compared with previous expectations. Feeding the fears today are the crisis in the euro zone, the slowdown in China and political polarization at home.

In short, there is a prevailing sense that we are simply not as safe, financially speaking, as we used to be. The productive capacity of the economy may appear largely intact, but the perceived risk is significantly higher.

Click here for the full article



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News