Why aren’t the big oil companies reinvesting their huge profits?
Category Archives: energy
Proposition 80
Here’s some background on the problems in the California electricity market over the last 10 years and why I believe that Californians should vote no on Proposition 80.
Ford joins the club
Having commented on a number of occasions about General Motors’ woes, and striving to be an Equal Opportunity PunditTM, it’s only fair to give credit where credit is due. Ford this week showed that it can compete with the best of them in terms of losing money,
posting a loss on its North American operations of $1.2 billion for the third quarter and $2.4 billion over the last 15 months. I’m not sure what advice to give Ford. But here’s what I think we might expect from U.S. policy makers.
Oil supply: trying to digest some of the recent developments
Here I report on some new data on the intermediate-term prospects for oil supply
Inflation’s back?
Does today’s CPI release indicate that inflation has returned?
Stagflation
Do recent energy shocks mean we might see a replay of the 1970’s stagflation? I believe not, and here’s why.
Macro effects of oil shocks– what should we be looking for next?
I recently prepared an entry on the macroeconomic effects of oil shocks for the new edition of the Palgrave Dictionary of Economics. Here I sketch some of the material from that essay and explore the implications for where the economy may be headed next.
Oil prices coming down
Oil prices have been coming down significantly this week. Is that good economic news?
HR 3893
Having discovered that this summer’s behemoth energy bill in fact did nothing to help with the problems uncovered by Hurricanes Katrina and Rita, Congress is ready to try again with HR 3893, which was reported out of committee last week. This one actually has some good ideas in it.
What’s good for GM…
U.S. automakers can’t be very pleased about September sales figures.