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

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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…

Correction of a perception on oil drilling

by rdan In an attempt to keep history accurate about sensible policies, this post points out the obvious source of the ban on drilling for oil off coast. So much…

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…

The Kurdish Independence Vote

…anti-ISIS military movement in both Iraq and Syria, working especially closely with the US in that. As part of their autonomy they began developing their oil industry and making deals…