Self-sufficiency does not mean stable pricing in the United States as Paul Krugman explains in his earlier March commentary. There is no allegiance to US citizens by oil companies. Give the tax breaks and citizens still pay. “The Impotence of Drill, Baby, Drill,” Paul Krugman, March 10, 2026 America produces a lot of oil. It […]
I’ve had several Iranian colleagues throughout my faculty career. Unsurprisingly, none were anti-American. Here’s an interview with Juan Cole and Mojtaba Mahdavi, two Middle East experts, on the current events in Iran. They discuss the politics in Iran and among the Iranian diaspora. Both Cole and Mahdavi point to the Netanyahu ambition of hegemony in […]
AB: A review and forecast of what is happening and what will happen over the next few weeks due to the oil shortage brought on by Trump’s attack on Iran. The impact of which, Trump’s blunder will cause many more issues economically. This is not Venezuela. “The Economy Doesn’t Have the Room to Absorb This […]
I am always curious about what happens in other countries when there is an oil shortage. In this case it is fuel for cabs to cart westerners and Europeans around. For them, this is serious. No fuel, potentially no income from westerners transporting them. In Bangkok, Thais make a living shuffling westerners around. We have […]
While crowing about how it’s sinking the Iranian economy, the Trump Administration is literally keeping it afloat. “In the coming days, we may unsanction the Iranian oil that’s on the water,” Bessent said on Fox Business Thursday. The US is already allowing Iranian oil to pass through the Strait of Hormuz, and that nation has […]
– by New Deal democrat There’s no major economic news today, so let me take this opportunity in view of last week’s update to the CPI, to update one of my favorite labor market indicators: real aggregate nonsupervisory payrolls. As a brief refresher, over the past 60 years this has been a very good and reliable […]
Unless you like being beat up? When I was consulting with Ingersoll Engineers, I would handle the materials and supply side of the projects. Much of my time was spent looking at systems, warehousing, inventory, and purchasing. The cost sits in those areas. Depending on the throughput within the factory, you could streamline much of […]
I believe we were married about 8 years before we had enough funds to put down on a home. ~ $55,000 in an Oak and Hickory forest. Two bedrooms on a quarter acre of land. We were able to put 10% down and had an 8% mortgage rate. One year after we sold and bought […]
A major bulwark protecting the US economy has been that the dollar is the world’s reserve currency. Now, Trump’s “excursion” (don’t say “war”) is looking to change that. “A senior Iranian official has told CNN that Tehran is considering allowing a limited number of oil tankers through the Strait of Hormuz — but only if […]
Picture to the right was what was occurring in the United States 1973. People lining up for gasoline due to an oil embargo against the United States. I was able to find one as taken from the NY Daily News Archive as shown by Getty Images, (Time). Out and about today and did not get […]