In 2009 a number of prominent economists signed a petition arguing for central bank independence. I was less enthusiastic writing:There is nothing magical about independence…
There is a lot of crazy talk out there regarding the minting of a $1 trillion coin to get around the debt ceiling.Today Paul Krugman…
Since most people are complaining about the fiscal agreement, I'll point out a few positives ... first, remember the "fiscal cliff" was about too much…
Bloomberg reports that Gold Extends Longest Streak Since 1920 on Central-Bank Stimulus.Gold rose, capping the longest annual gain since at least 1920, on renewed concern…
This is our last newsletter for 2012, so along with wishing you Happy Holidays, we’d like to leave you with a few notes on what…
Two words can change everything when they are combined: solar and crude. We’re just getting started with this in earnest, but what we’re talking about…
Given safe haven from the impact of climate change by their privilege and wealth, the decision-making elite of the US has no intention of making…
The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of…
Dow Chemical Co. (DOW) has cut its energy costs by an impressive $9 billion through green investments, which translates into $7 billion in net profit.…
Household debt is way down. ... The good news is that in the past three years, Americans have made remarkable progress cleaning up their balance…
The European Parliament has rejected a proposal to ban new hydraulic fracturing operations on European Union territory, but while opportunities abound, they won’t be revolutionary…
Crain's New York Business reports Mayor calls for gas rationing in NYC. Mayor Michael Bloomberg on Thursday called for gas rationing in New York City…
Madagascar’s been sitting on some 20 billion barrels in oil reserves for quite a while. Investors have only recently shown interest, though. Extraction is technologically…
The economic data has already shown some impact from Hurricane Sandy, and we will see more over the next couple of months. As an example,…
Once again we are seeing articles and research papers stating the Chinese renminbi (yuan) is about to replace the dollar as the global reserve currency.Here…
From the SacBee: Gas prices decline sharply in October, trend may continue through end of the year "Gas prices at the end of October were…
Based on an estimate from Autodata Corp, light vehicle sales were at a 14.29 million SAAR in October. That is up 8% from October 2011,…
From Reuters: Average U.S. retail gas prices drop 8 cents in two weeks: survey Gasoline prices averaged $3.7529 per gallon on October 19, down from…
While the energy factor in US elections is taking center stage in the news right now as we close in on November, and issues like…
As East African nations line up to become the next key oil and gas market, now is the time to enter the game, but beware…