the Mideast, the Saudis, and our markets

First, I’ve been pretty quiet on the mideast goings ons. I’ve been watching intently from the time Egypt made headlines, and have yet to see anything of particular consequence to us, beyond oil prices. I’ve yet to come up with any channel to world aggregate demand, inflation, etc. apart from oil prices. Seems all moves […]

Saudi Arabia in talks to boost oil output

Right, as swing producer/monopolist that’s what they necessarily do- set price and let quantity adjust. But if quantity demanded exceeds their ability to pump they lose control of price on the upside. >    >   (email exchange) >    >   On Thu, Feb 24, 2011 at 9:43 AM, Greg wrote: >    >   Just like you say about the Saudi’s….. >    […]

Iraq to increase crude production

[Skip to the end] This would be a game changer if they do it and pump all that: BAGHDAD, Dec 14, 2009 Iraq struck deals with several foreign energy giants to nearly triple its oil output in an auction that ended on Saturday, as the country bids to become one of the world’s biggest […]

Drop in crude

[Skip to the end] >    >   (email exchange) >    >   Warren, Seems like we’ve seen a tiny repeat of what happened during >   the ( Mosler coined) Mike Masters inventory liquidation last summer. >   That is, crude oil drops and takes everything else down with it all driven >   by the fear of increased scrutiny regulation on commodity speculation. >   Do […]