Last week the U.S. House of Representatives voted by an overwhelming margin to guarantee gasoline shortages the next time we face a significant disruption in petroleum supplies.
Author Archives: James_Hamilton
Have oil prices peaked?
Oil prices can go down as well as up.
April auto sales
Motor vehicles is one of the key sectors to watch for an indication that the recent gas price spike might derail the current economic expansion.
Reading Bernanke’s lips
I still say that many pundits are using the wrong paradigm for interpreting the public pronouncements of the new Federal Reserve Chair.
More political pandering
Those whose political philosophy is to try to opt for the lesser of two evils may have a hard time choosing their dog in the fight between Senate Democrats and Republicans over gasoline taxes.
Strong first-quarter GDP growth
The expected strong 2006:Q1 GDP growth included encouraging numbers for investment and exports, and warranted a slight drop in the recession probability index.
President Bush and gasoline prices
Unlike some other pundits, I see a number of good ideas in the President’s new proposals and actions announced on Tuesday.
Contango, speculation, and the price of oil
Lynne Kiesling (Knowledge Problem),
John Whitehead
(Environmental Economics) ,
Stephen Ayer
(Disinterested Party), and whoever that is blogging over at Oil Wars were among those commenting on this article ($$ required) at the Wall Street Journal.
Who’s afraid of $3 gasoline?
Does the expected strong 2006:Q1 GDP report mean that the economy will shrug off the recent resurgence of gas prices?
Oil goes higher and higher
The NYMEX May 2006 crude futures contract closed today above $71.