Posted by: wordbeeps on: April 7, 2010
Blame Jeff Rubin and his book for waking us all up with the spectre of our never-ending underground ocean of oil getting scarce and expensive. A good read. You’d be surprised to know how much of the world of people and businesses is comprised of oil. You’ll shake your head while reading. And it’s us [...]
Posted by: wordbeeps on: October 1, 2008
The cost of money between world banks is at a new high in the world credit crisis as measured by the London interbank offered rate (Libor). It indicates the credit problem is not just an American issue. The Libor is at 6.88 per cent this morning, one day before American lawmakers in the House of [...]
Posted by: wordbeeps on: September 16, 2008
The price of oil is below $100, settling at $95. Yet gas at the pump, spiking due to concerns that Hurricane Ike might wreak havoc on Texas oil refineries (uh-huh) has not gone down. Economics works like that? If the refineries are okay, why hasn’t gas come down? Editorial, Toronto Star. Suggests some sort of [...]
