I don’t know if he has the legal authority to do this, but does it even matter with Trump?  Domestic prices will rise if 1) foreign supplies fall and 2) domestic production is diverted to fill demand overseas.  Trump could keep domestic supplies from being diverted and we could still use world markets to fill […]

Lifted from a note on energy from Reader rjs comes a link filled narrative on oil and production issues for oil.  He deals with one aspect of drilling for “energy independence”. From reader rjs: Saudi America? The release of this year’s edition of the World Energy Outlook from the IEA (International Energy Agency) received quite a bit […]

Some of you may remember that last cycle I sometimes posted charts showing real exports and imports versus trend to show how trade was doing. It is now over two years since imports and exports bottomed so I thought It was time to update those charts for this cycle. But as I started looking at […]