Archive for Oil
Looking Behind the Curtain on Oil Prices
In previous posts (such as here, but you need to follow the links to get the whole story) I’ve summarized the main factors behind the crash in oil prices. However, to focus on facts such as “the Saudis are pledging to maintain production despite the price fall, which fueled even further price falls” is to […]
Read moreGas Prices Still High By Historical Standards
I was actually surprised by how much. Here’s the article, but check out this chart:
Read moreU.S. Government Policy and Oil Prices
For those who like articles discussing really bad predictions confidently made by Krugman, this one’s for you. Also a nice Obama quote from 2012: “As a country that has 2 percent of the world’s oil reserves, but uses 20 percent of the world’s oil — I’m going to repeat that — we’ve got 2 percent […]
Read moreTom Woods and I Dissect an Article Complaining About Cheap Gas
For your listening convenience I’ve embedded the video below, but go to Tom’s show notes for all the relevant links, both to the offending article and to the other information Tom and I brought up during the interview.
Read moreThe Fed and Falling Oil Prices
This seems like an obvious point, but I haven’t seen anyone else make this connection? Anyway at IER I talk about falling oil prices. An excerpt (not having to do with the Fed angle): Whenever oil prices shoot up sharply, causing gas prices at the pump to rise as well, people “in the know” talk […]
Read moreThe Ban on Exports of U.S. Crude Oil Is Bad Economics
My latest IER post. An excerpt: To see why the logic behind the crude oil export ban makes little sense, change commodities. For example, should the U.S. government make it illegal for American farmers to ship wheat out of the country? After all, don’t we want to make bread as affordable as possible for American […]
Read moreOil Production: We’re #1! We’re #1! USA USA!
When I was growing up, we had it constantly drilled into our heads how awful the 1970s had been because the U.S. was “dependent on foreign oil.” That was the (ostensible) reason for the energy conservation campaigns and government policies to encourage the switch to non-fossil fuels. I remember seeing statistics talking about how the […]
Read moreTruth Is Stranger Than Bryan Caplan’s Fiction
From my new post at Mises Canada: Caplan then goes on in his post to lament the odd fact that people do not respond to this potential of trillions of dollars in global wealth (via labor mobility) the way Caplan claims they would respond to the discovery of trillions of dollars of Leonium buried under […]
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