Oil Majors Making More Cash at $50… Bloomberg
Bloomberg reports on a Goldman piece that says major oil companies are making more money at $50 than they did at $100: "Oil majors are raking in
Scott Sumner on Fed performance since the Great Recession…
Here is more on Scott from Wikipedia: "Scott B. Sumner is the Director of the Program on Monetary Policy at the Mercatus Center at George Mason
Hedge funds increase WTI net-long position… Bloomberg
No surprise here, from Bloomberg: "Hedge funds increased their WTI net-long position -- the difference between bets on a price increase and wagers
OPEC break even prices… WSJ
The Wall Street Journal discusses OPEC's problems in attaining an oil price that will cover public expenditures here... And from the
Stocks moving in the right direction…
that is, if you are bullish... Here are crude oil, gasoline and diesel stock levels outright and as a days supply measure, from This Week in
Comments on the Fed, inflation, the dollar… Narayana Kocherlakota via Bloomberg
Narayana Kocherlakota, in a Bloomberg article, thinks the Fed might be fooled by a declining dollar's influence on inflation.. Here is a chart
The New Astrology… Alan Jay Levinovitz, via Aeon
Mr. Levinovitz suggests that "By fetishising mathematical models, economists turned economics into a highly paid pseudoscience"... Here is the link:
California wholesale electricity prices… Today in Energy
The EIA's feature, Today in Energy, shows the effect of utility and small-scale solar power generation have on pricing in California... Power prices