Resource Insights's Latest Posts
I was recently interviewed by Doug Goldstein on his personal finance show, "Goldstein on Gelt," which plays on Israeli National Radio, the English-language radio network in Israel. Goldstein saw a piece of mine and asked me on the show to discuss the recent sharp decline in oil prices. A podcast of the interview is now available. Goldstein is a good interviewer with an eclectic mind and brought out the best in me with his conversational approach. The interview starts at about 2:30. Click here […]
It is a staple of oil industry apologists to say that the recent swift decline in the price of oil is indicative of long-term abundance. This kind of logic is leading American car buyers to turn once again to less fuel efficient automobiles--trading efficiency for size essentially--as short-term developments are extrapolated far into the future.The success of such argumentation depends on a disability in the audience reading it. The audience must have amnesia about the dramatic developments in […]
Most people have heard the old saying: "You can put lipstick on a pig. But it's still a pig." That's sort of what is happening in the American oil patch as producers try to put a positive gloss on the devastation that low oil prices are visiting on the industry.Perhaps the most inventive redefinition is as follows: The part of the U.S. oil industry devoted to extracting tight oil from deep shale reservoirs in places such as North Dakota and Texas has made the United States the world's "swing […]
I'm taking a short break this week and next and expect to post again on Sunday, March 15.
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