Sober Look presents a different take on the effect of lower oil prices on US oil production than I did in my post yesterday. They quote Scotiabank suggesting that the Bakken and Permian Basin fields are producing below break even based on current prices, while Eagle Ford is still in the black. They posit slowing […]
Archive for November, 2014
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US Oil Production Will Be Fine With Lower Prices
Posted by Tom Lindmark on November 29th, 2014
Before Monday rolls around and the analysts start talking their book at CNBC and elsewhere, take a look at this short article on oil prices from Market Watch. Moreover, this supposed floor reflects the “full cycle costs” of production, they said, arguing that this overlooks the fact that many producers in North Dakota, Texas and […]
Tags: Chasing Our Tails
Posted by Tom Lindmark on November 29th, 2014
Though it’s not of great import, this story about the ACA conflicting with Americans with Disabilities Act is too good to pass up. The Cliff Notes version is that the ACA allows companies to offer financial incentives to employees who participate inworkplace wellness programs. You know, obesity, smoking cessation programs, etc. The quid pro quo […]
Is Government Employment Shrinking
Posted by Tom Lindmark on November 7th, 2014
The WSJ Real Time Economics blog, hereafter to be known as the WSJ-RTE blog, attempts to make a case for a shrinking federal government workforce. Their graph of federal employees would seem to validate that claim. Now, that’s not the only governmental unit which employs people. The states and local municipalities also chip in and […]
