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

You searched for: label/gulf oil spill

Monetary Policy and Economic Shocks

…famous to me) 2005 “Perfect Storm” prediction, I gave four reasons why the US economy was heading for disaster: 1) Higher oil prices caused by Peak Oil. 2) An asset…

US Vulnerability to China

oil reserves are in Asia, that it supplies just 1% of US oil needs, and that oil is highly fungible (meaning that oil from one source can and will be…