The Council Has Spoken: July 3, 2008
Congratulations to this week’s winners.
Council: Hillbilly White Trash – Patriotism
Noncouncil: 365 and a Wakeup – Sacramento Host Breakfast
Complete results here.
Archive for July 2008
Rolling Stone Magazine Gets Religion: The Obamassiah
It was only a matter of time…
First there was this…
Then there was this…
So it’s only a matter of time before we have this:
Facts Behind the Oil Bubble
An ex-Reaganite and Harvard Professor weighs in:
Hence, with no change in the current demand for oil, the expectation of a greater future demand and a higher future price caused the current price to rise. Similarly, credible reports about the future decline of oil production in Russia and in Mexico implied a higher future global price of oil – and that also required an increase in the current oil price to maintain the initial expected rate of increase in the price of oil.
Once this relation is understood, it is easy to see how news stories, rumors and industry reports can cause substantial fluctuations in current prices – all without anything happening to current demand or supply.
