Item of General Interest
May 15. I will be vacationing between now and June 2. I expect to have Internet access, so I will still be available somewhat, and may even put up a new post or two.
Tag Archives: diesel
There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price … Continue reading
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading