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Monthly Archives: May 2008
The truth about global oil consumption
The following chart lends perspective on who is exerting the greatest demand on global oil supplies. The source of the data is from BP and Nationmaster. The chart is from the Sudden Debt blog. I have not yet found a … Continue reading
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Energy "investors" a key element in driving price
The recent spike in oil and gas prices has been attracting concern and accusations from all over the world. Yesterday Senator Clinton announced a crazy plan to sue OPEC producers for failing to produce more oil. This is a wild … Continue reading
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Moody's now blames "a bug in their computer model"
I have long said that I am not impressed with efficient market theories about the genius and rationality of capital markets in asset pricing. Markets can often be just plain dumb, driven by irrational and erroneous assumptions of emotional participants. … Continue reading
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