Tuesday, March 31, 2015 03:38 PM
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The Bureau of Labor Statistics releases its monthly Consumer Price Index (CPI) data each month, a measure that most of us think of as the rate of inflation. The CPI measures the average change in prices over time for a fixed market basket of goods and services. The CPI can be divided
" about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are
This time a year ago, the oil industry's biggest problem was finding a way to deal with the "
Not only does Texas have the
Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought problem and also makes it possible to pump more oil out of the ground.
Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 the end of January,
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any
Governments always like to have us believe that trade deals are good for the economy. From research
done by Robert E. Scott at the Economic Policy Institute (EPI), we can quite clearly see that this is most definitely not the case for nearly 900,000 American
Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and
Do you have faith in your local police department?