Posts Tagged ‘oil’

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    Oil Dilemmas

    Mar 4, 11 • 248 Views • No Comments

    The good news? We are driving more again–more miles than any year since 2007. The bad news? We are driving more again–more miles than any year since 2007.. Here are the facts from a WSJ article. With the recession and higher gas prices,...  [read more]

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    A Race Between Supply and Demand

    Feb 7, 11 • 265 Views • No Comments

    In a wonderful Chip Bok cartoon, a child starts by asking, “Why are gas prices so high?” and is told, “Turmoil in the Mid East.” Then, asking about the turmoil, he is told the source is “High Food Prices.” The reason for...  [read more]

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    Sounds Like Pistachios

    Dec 25, 10 • 228 Views • No Comments

    “Remember the pistachios,” is a memorable line from a novel by economist Russ Roberts. In the first several pages of The Invisible Heart: An Economic Romance, a teacher says you have been given a room filled 5 feet high with pistachio nuts. The...  [read more]

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    Gas Prices

    Dec 11, 10 • 263 Views • No Comments

    Have you been paying more for gas? Looking at this map, you can see that gas prices around the country have been rising in most places. Economist James Hamilton suggests that the price of gas is directly connected to the GDP. Citing the BEA breakdown of...  [read more]