Misunderstanding Inflation
"Yellen says gasoline tax holiday worth considering as anti-inflation tool" (Reuters) This administration seems not to understand what inflation is. Inflation is a general increase in prices, caused by an…
Currency and Oil Price, a Double Whammy
By Antonio Graceffo, PhD. The Financial Times reported that “Italian and Greek borrowing costs jump on eurozone rate fears". These countries not only have high debt, but because they are…
China and EU Consumption of Russian Oil and Gas
China consumes 12,791,553 barrels per day. Russia produces an average of 11,262,746 barrels per day, roughly 12% of the world's oil. Russia uses 3,631,287 barrels, imports 15,047 barrels, and has…