Again we are getting the right wing line that the windfall profits tax on oil in the 1980s caused oil production to fall and oil imports to rise as Carpe…

…1970s was blamed on the oil shocks so the absence of such oil shocks was credited as part of the reason for the great moderation. But recently we have experienced…

…formed by the governments of the major oil importing countries like the U.S., Japan, Germany, China, India etc. All oil sold in these countries would have to pass through the…

…to the guru responsible for this: The antitrust division of the DOJ continues to be guided by poor precedent. In 1911, the U.S. government separated Standard Oil into 33 entities…

…Kerry said that oil should not be released from the oil reserve. Aha! Gotcha, John Kerry! But wait. I think that the GOP should continue with this logic, and point…

Oil and the Economy ArgMax links to an old, but good, post he has on the relationship between Oil Prices and GDP growth. As oil prices hover in the mid…

Thought people would find this of interest. This is not updated from September being the last observation. In 1999 when this bottomed West Texas Intermediate was under $12/bbl and gasoline…

…a crazy moment. Oil below $29 a barrel creates Geo-political tensions that can create attacks of aggression. Other countries have already tried to negotiate with the Saudis to raise oil…

…a brief controversy several months ago ignited when a super PAC supporting Clinton decided to remind the public that when the price of home heating oil surged in 2005 because…

…“no one can doubt that we will run out of oil… [s]ooner or later, the productivity of oil will rise out of sight, because the production and consumption of oil…