An Oil Surprise
As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008,...
View ArticleThe Power of the Market: Part 2
World oil demand has hit a new high. But not from everyone. Called the “New World” and “Old World” by economist Ed Yardeni, you can see through his graphs, the divide in world oil demand. China, India,...
View ArticleHigh and Low Gas Prices
Why is the average price of a gallon of regular gasoline in Wyoming close to $3.36 and New York, $4.00? Location and regulation. Wyoming produces oil, it refines it, and, its taxes are among the lowest...
View ArticleRockets, Feathers and Gasoline Prices
Gasoline prices rise faster than they fall because monopolistic competition provides retailers with some price control although their product is identical
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