April 18, 2006
Oil goes higher and higher
The NYMEX May 2006 crude futures contract closed today above $71.
October 07, 2005
Oil prices coming down
Oil prices have been coming down significantly this week. Is that good economic news?
October 05, 2005
Having discovered that this summer's behemoth energy bill in fact did nothing to help with the problems uncovered by Hurricanes Katrina and Rita, Congress is ready to try again with HR 3893, which was reported out of committee last week. This one actually has some good ideas in it.
September 25, 2005
Responding to supply shocks
It seems pretty clear to me that a monetary contraction isn't the appropriate policy response to a supply shock. Apparently there are those within the Federal Reserve who see things differently.
September 22, 2005
Economic effects of Rita
A lot of people are bracing for huge effects of the latest Gulf storm on energy markets. I see reasons for hoping things won't be that bad.
September 19, 2005
Consumer confidence plunges
Yet another key leading indicator turns gloomy. How much can the stock market and the Fed shrug off?