Obama makes his first major policy error

Summary:  The Obama Administration is continuing the Bush team's Wall Street friendly policies, probably because they believe, as do most economists, that the downturn will hit bottom in the 2nd half of this year, and slow growth will resume next year.  That's bad.  As a result they are missing an opportunity to fix the financial system, clearing … Continue reading Obama makes his first major policy error

When will global oil production peak? Ask the CIA!

Summary:  The date on which global production peaks depends to a large extent on the Saudi's.  Political peaking occurs if they decide to no longer increase production.  Geological peaking occurs when they cannot increase production.  The plans of the Saudi Princes shift with the political winds.  The size of their oil reserves are a matter of fact … Continue reading When will global oil production peak? Ask the CIA!

When will global oil production peak? Here is the answer!

Peak Oil will be one of the defining events of this century. Forecasts by professionals in energy-related fields fall in a large range between 2006 and 2025+, with most forecasts by institutions in the later half of this range. Estimates vary widely due to two very different kinds of factors. Factor #1:  Known Unknowns We … Continue reading When will global oil production peak? Here is the answer!