The allure of easy wealth glitters very brightly if your wages have not kept up with inflation for over two decades while two principal wage earners struggle to support the household where once—a long time ago in a galaxy far, far away—one would do. The bubbly asset inflation created by the FIRE economy gave Americans the illusion of increased wealth, which spurred unsustainable levels of consumption in the period 1995-present.
1. Last Week 2. Some Economic Implications of Peak Oil 3. Quote of the Week Continue Reading
Prices started last week above $52 a barrel, then fell sharply in sympathy with a Continue Reading
US natural gas prices fell again last week to their lowest point in more than Continue Reading
The petroleum industry is saying that the new standards will cost consumers billions of dollars Continue Reading
Saudi Arabia will pump about the same amount of crude in May as in April, Continue Reading
Maybe I’ve been wrong all along—maybe just believing is enough. Maybe we don’t have to actually use less oil now or ever. Maybe all we have to do is imagine we’re using less oil.
1. Last Week 2. Interview with Matt Simmons, Part 3 3. Quote of the Week Continue Reading
Oil prices started last Monday at $52 a barrel, quickly fell to circa $50, and Continue Reading
US Interior Secretary Salazar has been traveling around the country conducting hearings on whether to Continue Reading
Last week the White House reversed long-standing policy and permitted the EPA to issue a Continue Reading
OPEC is aiming for prices above $60 and is frustrated with Russia for not reducing Continue Reading
“We are witnessing a collapse in oilsands-related construction. As far as we can tell, as Continue Reading
ASPO-USA’s Steve Andrews recently hooked up with Matthew R. Simmons, chairman of Simmons & Company, Continue Reading
If it looks like a duck, and quacks like a duck, we have at least Continue Reading
1. Last Week 2. Interview with Matt Simmons, Part 2 3. Quote of the Week Continue Reading
The oil markets continue to move with the equity markets. When there is bad economic Continue Reading
Following the lead of the IMF, which recently forecast a significant drop in global economic Continue Reading
Following the lead of the IMF, which recently forecast a significant drop in global economic Continue Reading
Investment in oil and gas production continues to slip everywhere, unless ExxonMobil or China is Continue Reading
“The evidence to me is persuasive that, had there been no oil shock, we would Continue Reading
Russia and Iraq have agreed to work on restoring oil contracts that they signed before Continue Reading
ASPO-USA’s Steve Andrews recently hooked up with Matthew R. Simmons, chairman of Simmons & Company, Continue Reading
Genius may have its limitations, but stupidity is not thus handicapped — Elbert Hubbard With Continue Reading
After falling into the high $40s, oil prices closed out the week about where they Continue Reading
