Relevant and even prescient commentary on news, politics and the economy.

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Who “Got” Iraqi Oil?

Who “Got” Iraqi Oil? Not the US. Dick Cheney collaborated with US major oil companies in a plot to at least take over operating the oil production in Iraq, OPEC’s…

Oil Prices

oil demand bottomed, oil prices should have also bottomed. OK, that should explain oil in the $30 -$50 range. I expected to see oil bounce between $30 and $50 in…

What’s dumb about a windfall profits tax?

…history. Have you ever heard of Exxon office systems ? Big investment in smart typewriters which were like pc’s but dumber and ten times as expensive. Oil companies handle oil….

Oil and oil addictions

…seen as the year in which Iraq’s oil industry began to recover and, when the markets recognise this, it may take some of the edge off the oil price. However,…

Oil Prices: Blaming the FED?

Kash addressed below the premise of whether higher oil prices will lead to a U.S. recession. As I was grabbing the car keys, Kathleen Hayes said something about how oil