Energy

Update: Commodities are Different (in a "Full World")

Author: 
John Fullerton

Energy Independence? Really?

“There Will be Fuel”, by Clifford Krauss, was the feature article in a special Energy section of the NY Times on November 16th. Not only was it amateur and unbalanced, it was irresponsible. The thesis was “peak oil is a joke, we’re now swimming in oil”. Nothing could be further from the truth. That oil prices remain in the $80 range as the Great Recession savages the developed economies tells us all we need to know.

Energy Independence? Really?

Author: 
John Fullerton

“There Will be Fuel”, by Clifford Krauss, was the feature article in a special Energy section of the NY Times on November 16th. Not only was it amateur and unbalanced, it was irresponsible. The thesis was “peak oil is a joke, we’re now swimming in oil”. Nothing could be further from the truth. That oil prices remain in the $80 range as the Great Recession savages the developed economies tells us all we need to know.

The Trade Balance, Free Trade, and Energy


Obama had a bad week at the G20.  He was rebuked by Western leaders on the weak dollar consequences of QE2, and he failed to secure a Trade Agreement with South Korea.

There is something not terribly compelling about a trip to India, Indonesia, Japan, and South Korea, and pitching these countries on expanding exports from the US to create US jobs.  After the pummeling he received back home, it feels like our President got his audience confused.  Furthermore, Tea Party influence (and an honest assessment of the facts on the ground) is beginning to raise fundamental questions about the net benefits of our free trade dogma in the first place.  We should understand that all of economics is up for re-examination.

The Trade Balance, Free Trade, and Energy

Author: 
John Fullerton

Obama had a bad week at the G20.  He was rebuked by Western leaders on the weak dollar consequences of QE2, and he failed to secure a Trade Agreement with South Korea.

There is something not terribly compelling about a trip to India, Indonesia, Japan, and South Korea, and pitching these countries on expanding exports from the US to create US jobs.  After the pummeling he received back home, it feels like our President got his audience confused.  Furthermore, Tea Party influence (and an honest assessment of the facts on the ground) is beginning to raise fundamental questions about the net benefits of our free trade dogma in the first place.  We should understand that all of economics is up for re-examination.

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