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Tag Archives: petroleum

Honesty & gas prices

In the past few weeks since gas has passed $3.40 per gallon, misunderstandings of what drives gasoline prices have once again become prominent. This has included a resurgence of the old supply-side myth with an emphasis on the source of the oil. Since this is a presidential election year, the opposing candidates have used and [...]

Trade deficit

Which half of the US trade deficit is easier to shrink? Probably petroleum. I don’t see much of a chance of major changes in the deficit in goods, but it is easy to significantly reduce the amount of oil consumed.