Mr. Math

Megaprojects Predict Decline of Oil Production

How do we measure the potential production from developments which are off limits solely for political reasons, e.g.- ANWR, the Santa Barbara Channel, and the Florida Offshore site the Chinese are going to drill for Cuba?

How do we measure the potential production from countries which have confiscated their fields from international corporations & then ran the resulting operations into the ground through socialist mismanagement, e.g.- Venezuela, Iran, Mexico, & Russia?

What We Can Do To Reverse the Oil Crisis

Phil-

On the topic of the refiners & idle capacity: let's say you're a small/medium refiner & don't have your own wells. Oil spikes to $145/bbl but retail gas is only about $4.50 so you're losing money on every gallon.

Doesn't it seem like that's a good time to shut down & start making repairs?

Take a look at the chart of something like WNR it's gone from $65 to $8 and it isn't even sitting on a pile of toxic subprime mortgages.

The Dollar's Decline: Taking Responsibility for the Future

Menzie Chinn-

Other posters disclose their financial positions. You should disclose your political affiliations, so that readers can understand that your economic commentary is primarily dictated by your politics.

How Much Will Drilling in ANWR Affect Oil Prices?

The two differences between an ANWR barrel and a Saudi/Iranian/Nigerian barrel are:

1) We pay AMERICAN WORKERS to drill domestic oil
2) domestic oil is on the AMERICAN SIDE of the trade deficit

Is There an Oil Crisis Looming?

Nice to see a "Peak Oil Bull" engaging these websites.

Isn't another possible reason for the "2012...falling off a cliff" effect simply that people don't make announcements for plans that far out?

The Oil Shortage, and Other Fairy Tales

Dear Mr. Davis-

The "evil speculators" drive up the price of Oil & other commodities - like wheat. While they are doing this, the wheat farmers make real money, correct?

During this year's oil bubble, American oil producers are busy pulling marginal oil out of the ground, new production is being chased, and consumers are engaged in "permanent demand destruction".

Once the oil bubble pops, won't all those "evil speculators" be the ones who get wiped out?

And doesn't every barrel extracted in the U.S., and every whiff of domestic demand destruction lead to an improved balance of trade?

If you're right and the oil bubble is temporary market excess, why complain about these things?

How Much Worse Can It Get For Oil?

drill in North America

Record High Crude: Free Markets Meet the Cartel

drill in North America

Oil and the Great Moderation

"lucky": Non-supply-side economists will go to almost any lengths to avoid giving credit to Reaganomics for changing the world.