Category: ‘ Oil Prices ’

 

How to Look at the Petroleum Intensity of the Economy

As oil prices have moved sharply higher in recent weeks, questions have arisen as to whether or not the higher prices will affect our economy.  Here, here, and here.  A frequently heard response is that because our economy is le...

Here we go again — an oily recession?

Justin Lahart in today's WSJ:  "Rising Oil Prices Raise the Specter of a Double Dip."  Yep.  A year ago, energy-minded folks were wondering whether spring would bring Middle East chaos caused by an Israeli preemptive strike on ...

Oil Trade Deficit Spikes in December

The Census Bureau released December trade deficit data last week, and the picture on oil imports was not reassuring, as one might have expected.  You can access the full report here.  With oil prices averaging $89.15 per barrels...

$100 Oil

Amid increasing tensions in Egypt giving oil prices a push over the past week, the $100-per-barrel threshold was finally broken for the first time in more than two years yesterday.  The Suez Canal1 and the SUMED pipeline2 linking...

Here we go again, but this time it’s oil and food prices

This morning's WSJ reports on rising oil prices and rising food prices, which leads us to question:  are our policies serving our interests? First oil prices, as reported by Jerry Dicolo:  "Crude futures settled at a fres...

Electric Vehicles Make a Spark at Detroit Auto Show

The Detroit Auto Show opened today, showcasing the latest and future offerings from major automakers.  Posted on the website is a news release from the National Automobile Dealers Association (NADA).  NADA highlights their ‘To...

Political Roundup

The 112th Congress kicked off this week amid rising gas prices and the partial release of a report on last year’s BP oil spill.  Without the passage of necessary energy security legislation last Congress, newly elected lawmaker...

Oil Prices in 2011

As always, everyone is talking about oil and gasoline prices, and we are no different.  Prices continued steadily upwards throughout 2010, and the big question is where they go next.  Lots and lots of predictions are out there.Â...

Economics finally pushing countries to abandon fuel subsidies

Bolivia announced at the start of the week that it has ended fuel subsidies on gasoline and diesel.  The price of gasoline rose from the equivalent of $1.97 per gallon to $3.42 per gallon (up 74 percent) and the price of diesel r...

The way of the world

If you boil the debate about energy policy down to its fundamental core, you can distill two opposing views of the world.  The first says that the free market can and will solve all problems.  The benefits and disadvantages of a...
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