…simplifying and clarifying) distinction: money:financial assets::energy:barrels of oil. In the vernacular we speak of oil as “energy,” but we know that they’re conceptually distinct. The energy is embodied in the…

Over the past decade, thanks to fracking, the US has approached self-sufficiency in oil. Since 2008 the trade deficit in oil fell from over half of the overall trade deficit…

…also add that apparently the fall of Kirkuk temporarily shuts down 350,000 barrels of oil per day production, which will add to the ongoing increase in world oil prices. Barkley…

…the very same page of the FT there was another article about how MbS’s purge has rattled world oil markets, with oil prices now sharply falling after sharply rising after…

…than just before the Presidential election. On at $300,000 house, that translates to $3600 a year in additional interest. Second, as I write this Oil prices are over $71/barrel. This…

…over a 20 day period. Until we have YoY comparisons, we have to take this measure with a big grain of salt. Oil prices and usage Oil down -$0.46 to…

…of Crown Prince Mohammed bin Salman (MbS) has had this as a central part of his Vision 2030 plan to privatize and diversify off oil the Saudi Arabian economy. Most…

…market, and the Dubai market, all of which operate in US dollars. Supposedly a main motive for establishing this market is to provide an outlet for Iranian oil for nations…

…less of any significance to it than was loudly advertised in US media. Nations overwhelmingly dependent on oil exports are always talking about “getting off oil,” but they rarely succeed…

…prices would hurt GOP chances in the midterms, Trump got the Saudis to increase oil production, but then oil prices tanked, partly on weaker demand due to the decelerating growth…