Since the start of the year, the price of crude oil has risen about 40% while the price of natural gas has fallen by about 40%. Can that divergence be maintained?
Category Archives: energy
Gasoline prices and consumer sentiment
Gasoline prices (in case you’ve been hiding in a cave and didn’t know) have been on something of a roller coaster the last few years. And it looks as though we’re climbing back up another hill at the moment. How much are the recent increases in gas prices likely to weigh down American consumers?
Do you see what I see?
I’m still looking for, and still not seeing, the economic recovery that everybody is talking about.
Supply, demand, and the price of oil
Do recently rising oil prices signal a resurgence of economic growth?
Link to JEC video
The Joint Economic Committee has now posted a video of yesterday’s hearing on oil and the economy. My statement starts at about 11 minutes.
Rising world oil demand and the U.S. economy
This morning, the Joint Economic Committee of the U.S. Congress took up the implications of rising world oil demand for the U.S. economy. I was invited to participate along with Daniel Yergin, Co-Founder and Chairman of Cambridge Energy Research Associates.
I have some more discussion at the Washington Post as well as the following links: