Posts Tagged ‘oil’

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: The Economics of Foreign Policy

    Oct 22, 12 • 404 Views • No Comments

    Although tonight’s presidential debate is about foreign policy, perhaps the real focus is the economy. More than 200 years ago, Alexander Hamilton created the connection between economic policy and foreign policy. By funding the Revolutionary War...  [read more]

  • Self-interest represents the seeds that blossom into economic growth.

    Job Creators or Robber Barons?

    Oct 3, 12 • 310 Views • 2 Comments

    I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally. On the...  [read more]

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    The Norwegian Butter Crisis

    Mar 25, 12 • 430 Views • No Comments

    Reserves were low, demand was high and prices skyrocketed. No, not oil. Butter. Butter demand surged in Norway several months ago when a low carb high fat diet swept the nation. At the same time, the supply of butter plunged because wet weather diminished the...  [read more]

  • Gasoline prices add 9/10 at the margin

    A Gas Price That Might Matter

    Mar 5, 12 • 345 Views • 2 Comments

    Is it $4.11? Although gasoline prices are rising, consumers have not altered their driving habits. Economist James Hamilton suggests that the tipping point tends to be when prices exceed the highest point during the past 3 years. That number is $4.11 or $4.27...  [read more]

  • lightbulb

    High and Low Energy Markets

    Feb 6, 12 • 212 Views • No Comments

    Let’s rewind to 2008 for a moment. At $13 per thousand cubic feet, the price of natural gas was soaring. Close to $91 a barrel, the price of oil was exceeding recent highs. Selling for more than $200 per kilogram, even the price of the silicon used to...  [read more]