The February oil futures price on NYMEX has jumped $8 a barrel in the last three weeks. It’s useful to try to put this into a broader view of what’s going on in the world oil market.
Author Archives: James_Hamilton
The neoclassical paradigm
Do economists have a sensible way of thinking about the world?
Putting arcane symbols into Powerpoint presentations
I’ve just written up the Idiot’s Guide to Using Tex with Powerpoint. Here it is (it’s only one sentence long):
Download this, find the symbol you want, and copy and paste it into your presentation.
What’s the Fed waiting for?
The Fed is likely to stop raising rates soon. What will be the final signal that enough is enough?
2005: the oil shock that didn’t bite?
All but one of the recessions in the United States since World War II have been preceded by a dramatic increase in oil prices. Did we escape unscathed in 2005?
Some worries for 2006
Just when you thought it was safe to go back in the water, oil closed back up above $63 a barrel today. I earlier expressed the opinion that demand pressure would prevent an oil price collapse. But the news driving the market this week seems not to be demand but instead new concerns about supply.
Who’s afraid of the big bad yield curve?
Lots of talk this week of an inverted yield curve, such as
Macroblog, Big Picture,
Economist’s View,
Hypothetical Bias, and Mises Economics Blog. What’s the big deal?
Natural gas prices
Whee, it sure is fun being a natural gas trader, don’t you think?
Here and there around the web
Catching my eye here and there around the web this week: the source found for one of Saturn’s rings and some interesting comments on Enron, Iran, and Americans serving in Iraq.
Prices and energy use
More evidence that yes, rising prices change consumers’ behavior.