oil price
Surging U.S. Oil Output Will Blunt Impact of Higher Crude Oil Prices
written by Michael Lewis on May 16, 2018
FMI’s commentary on high oil prices and their effects -- positive and negative -- on the U.S. economy.
The Oil Price Collapse: The Need for a New Roadmap - Part 1, Resources Economics
written by Albert Bressand on January 17, 2015
Reserves must be seen as a co-production of nature and man-made technology. Except for wood and dung that pre-industrial populations could burn on the spot, there is no such thing as a ‘natural resource’. Our advanced energy system is fueled by a combination of stuff-in-place and human skills. Terms like ‘gas to Liquids’ (GTL) or ‘cracking’ capture the manufacturing element; the evolution underway will not stop there—to the point possibly of ‘oil’ being someday manufactured from CO2 and water. As John and Beth Mitchell and Valerie Marcel and put it in their report for Chatham House in London: “The foreseeable problem is not finite resources but the rate at which these very large resources can be converted into reserves for potential production. Reserves of oil and gas have each more than doubled since 1980–faster than the increase in production. Technologies are developing which are creating new reserves of ‘unconventional’ oil, as they already have for gas.”
‘Hot Streak’ Continues: Expect +3% GDP in 14Q4 & Beyond
written by Michael Lewis on January 28, 2015
FMI’s Preview of 14Q4 GDP and commentary on the impact of lower oil prices.
Data Round-Up: Energy/Oil Leads CPI Decline, Should Not Change Fed's Rate Hike Timetable
written by Michael Lewis on December 17, 2014
FMI’s analyses of today’s November CPI report (including High-Frequency Inflation Indicators).
