Recent comments by energyecon

The dogs may bark, but the caravan passes on.

The Santa spirit is in full swing at HCN!

Throw a little Christmas cheer to someone who otherwise would have little or none...

I keep my plywood inventory with your 6% mortgages by mid-2012 call. New Keyboard

But keep your endless cup of haterade, I have no interest in rolling in your sty with you - it's beginning to look alot like Christmas!

It's Beginning To Look A Lot Like Christmas - YouTube

Kinda like mortgage rates and the housing market...

Federal income tax is one small slice of "federal taxes"... just to keep things clear. And not the only tax on wages, either.

Historical Payroll Tax vs. Income Tax

Not in this case, as it got better...

More to do with educational attainment, but still running double non-hispanic rates.

It probably won't feel worse.

Dood, my paladin is level 95 on WOW!

Greatest component of Hispanic population growth is native USA births.

Is that what kids are calling it these days?

Flat in 2013, and 2014 looks to be a slight gain.

when the US birthrate is plummeting.

Soooooo 2012...

Naturopathy - Wikipedia, the free encyclopedia

practitioners often prefer methods of treatment that are not compatible with evidence-based medicine

I favor towers myself though in the PC domain Im shocked, shocked to find that gambling is going on in here!

It will need to be capable of running "Sims 4" - hadn't been thinking Mac but kid loves all Apple devices to date

About Dr. Nigma | healthydoc.com

"dr"

Dr. Nigma Talib ND is a Naturopathic doctor with two clinics in London and New York.

I think I'll go buy a new laptop.

Great 'Murikan!

No, really, what kind are you thinking of? I am sussing out a new laptop for my daughter...

Genuine critical reasoning skills include a capacity for introspection.

Anyone have any volume stats for our market meltup today? The energy names that are way, way up today all look to be running at 1/3 to 1/2 of the 90 day average volume...

The Dwarves should have been riding bikes and eating their veggies...

A misprint has the rocket seventy feet wide. It isn't, of course.
edit: Ah, I see the extended legspan of the rocket is seventy feet.

They present their odds of success at 50/50 - this will be absolutely astounding if they pull it off.

"Houston currently has 35% more new office space under construction than Manhattan"

Hmmm.. let's see the city of Houston has 38% larger population than Manhattan (if we look at the greater area, it is ~4x). Over the last twelve months the city of Houston added 120K jobs, while the entire city of New York added 87K jobs (also 38% greater) and Manhattan is one of the five boroughs that make up New York.

wondering how it all turns out for the five armies.

Five armies and four horsemen - who sits out when the music stops?

EU to tighten sanctions on Crimea in time for leaders summit -officials
| Reuters

The European Union has agreed to widen its ban on investment in Crimea to target Russian Black Sea oil and gas exploration and will adopt the measures by the EU leaders summit later this week, three EU officials said on Wednesday.

It appears the Cuban embargo is about to end. They released Gross and almost immediately POTUS announced a deal is being worked on to lift some restrictions.

Whooohooo! Sometimes a cigar is just a cigar

Crusader Kings 2, 75% off sale on Steam. If you need more time to disappear, nothing beats living vicariously through a pseudo-historical noble dynasty. I figure it's excellent training for the bold new future.

New Keyboard^2 I was going to keep quiet about the Medieval Total War II going for the same discount...

Careful man, there's a beverage here! The Dude Abides

There's a different one that I think CR recently referenced, with a supply/demand plot showing the very steep curves - thus, with relatively small movements in supply or demand you get some big moves in price.

edit: yeah, it is still on the side bar "A Comment on Oil Prices" http://photos1.blogger.com/img/243/2888/640/oil1.jpg

That's the problem. You can have volatility for BOTH market conditions and speculation. Trying to figure how much of each is the nightmare.

With the observed short run inelasticity, you are always going to be in for a bumpy ride.

Nothing hypothetical about that. Other effects may well be postulated, but highly volatile price behaviour is well explained by observations predating the derivatives explosion.

Very high short run inelasticity - I think Hamilton had a decent post about it.

There were companies who were over levered at $100/bbl oil, and their assets will be purchased by the companies who didn't get so geared up. There will be mergers and layoffs, and in the end we will still be using liquid hydrocarbons for our primary transportation fuel, the deeper the price decline the less substitution and investment in efficiency will occur.

The time the price takes to turn will ISTM be shorter than in the past due to the structural changes (put on the brakes quicker and faster decline rates). But that is just on the supply side, the demand elements will be subject to the aforementioned feedback effects.

Interesting times.