…oil companies. While the latter result might at first glance seem unimportant, it becomes very important when you take into account the history of government reaction to commodity profits worldwide….

…the calculation of GDP. One comes from Russia and the types of transfer pricing issues that are part of the Yukos Oil scandal as discussed by the World Bank with…

Lawrence Kudlow finally said something I agree with: While the GOP is attacking oil companies and perhaps reneging on tax-cut extenders, without offering any strong budget-cutting plan, the Dems are…

…then the increases in oil prices and wage rates of the past year or two should be reflected in sharply lower profit margins, as the article mentions. Yet corporate profits…

…did in earlier oil booms. And the newspaper says that the oil money being invested in U.S. assets are helping to keep long-term interest rates in check here, despite the…

…this spring, when data on economic activity proved to be weaker than most market participants had anticipated and inflation moved up in response to the jump in world oil prices….

…2004. This compares to an increase in non-oil import prices of just 1.2% in 2003, and an overall inflation rate in the US of about 2.3% for all non-oil consumer…

…ascribed to the higher price of oil. This is not true. The higher price of oil added just around $1.7bn to the import bill. Imports of other goods rose by…

…oil, and they’ll use it to reconstruct the country.” Today’s Washington Post reveals what Bush apparently meant when he said that it was “their oil” and that “they’ll use it”:…

About Those Falling Oil Prices We Promised… I guess it turns out that invading Iraq isn’t going to have the effect on oil prices that many of the war’s proponents…