Bob’s Take

I love it when predictions about the future fail to come true simply because of human action, the ultimate driver of all economic improvement.

Posts Tagged ‘Oil Prices’

I love it when predictions about the future fail to come true simply because of human action, the ultimate driver of all economic improvement.

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It’s nice of the IMF to recognize that it’s market forces that bring down prices, improving the standard of living of everyone in the process.

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When two smart fellas don’t know, and Bernanke doesn’t know, what will happen?

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It’s far from a simple case of supply and demand. Not when international agreements and government interventions are present.

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It’s bait and switch. It’s a strategy that increasingly isn’t working.

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It’s almost incomprehensible what’s happening in the oil fields in America. This graph will help.
This is like trying to reach for the stuffed mushrooms at a buffet but your fork isn’t long enough.

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I love this. Energy drives the world. When energy prices go down, economies thrive. It’s a beautiful thing.

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Forrest Jones: Crude to Hit $100 a Barrel, But Sell the Rally “This potential disruption is coming at a time where prices are already in the higher end. Unless we get a significant amount of oil capacity taken off the market, the chances are this sort of event [Tropical Storm Isaac] won’t have a significant impact [...]
The impact is going to be huge. So huge in fact that it could usher in an era of self-sufficiency that could lead to isolationism–not necessarily a bad thing.

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