As the eastern U.S. tries to dig out from under the devastation, I thought it might be useful to comment on the economic consequences that a storm like this could have.
Category Archives: Katrina
Effects of Hurricane Ike on oil and gas markets
As Hurricane Ike took over the Gulf of Mexico, I watched with unusual interest, since I had been scheduled to fly through Houston to give a lecture in Baton Rouge on Friday. We had to cancel that visit to LSU, which left me to contemplate the consequences of Hurricane Ike for oil and gas markets from the comfort of my warm, snug home in San Diego.
Opportunity cost illustrated
On a one year anniversary, a look back to (one of the reasons) why the National Guard’s post-Katrina rescue and recovery efforts were hampered.
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.
Only 17 more (oil) shopping days until December 31
Does everybody remember this story from July 3?
Facing the latest economic data
Here are a few thoughts about some of the economic news that’s been coming in over the last few weeks.
Gasoline prices down
Gas prices have dropped a lot, and further declines are in sight. What’s that mean for fuel demand and the overall economy?
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.