Submitted by CARPE DIEM
MOSCOW – I almost cried when I arrived at Moscow’s Sheremetyevo-2 International Airport the other day. Not because I was so sad – I was thrilled to be going on vacation – but because the previously tortured trip to the airport is now remarkably painless.

The new Aeroexpress train from Savyolovsky Vokzal, a […]

continue reading.....

Submitted by Businomics Blog
Four months ago I wrote a post entitled “End of the China Price” which noted that China’s inflation rate, plus the depreciation of the yuan, was making it harder for Chinese companies to undercut American manufacturers’ prices.  Today the Wall Street Journal is saying the same thing (subscription required).
In addition to rising […]

continue reading.....

Submitted by Econbrowser
While I’m on the subject of the benefits of slowing down I should perhaps mention this hilarious chess game between grandmasters Maxim Dlugy and Hikaru Nakamura.

Visit 1800blogger to see all of our industry leading blogs.

Rating 3.00 out of 5

[?]

continue reading.....

Submitted by The Capital Spectator
The jig appears to be up. Many factors have brought us to this point, but it seems that there are two paths left. One or the other will out, eventually.
On the one hand, the Fed may raise interest rates, and thereby support the dollar, which in turn will put downward pressure […]

continue reading.....

Submitted by CARPE DIEM
According to the American Petroleum Industry:

When oil and natural gas companies purchase a lease, it is because of the possibility the lease may yield enough oil or natural gas to benefit consumers and become economically viable. A lease is simply a block on a map and until a company actually completes […]

continue reading.....

Submitted by CARPE DIEM
What about those who argue that speculative excess is the only way to explain the speed with which oil prices have risen? Well, I have two words for them: iron ore.
You see, iron ore isn’t traded on a global exchange; its price is set in direct deals between producers and consumers. So […]

continue reading.....

Submitted by CARPE DIEM
“I want you to think about this,” Barack Obama said in Las Vegas last week. “The oil companies have already been given 68 million acres of federal land, both onshore and offshore, to drill. They’re allowed to drill it, and yet they haven’t touched it – 68 million acres that have the […]

continue reading.....