Last summer oil prices climbed to $110 per barrel amid an escalating insurgency in Iraq by a group called ISIS (Islamic State of Iraq and Syria). “Everybody knew” oil prices would remain elevated during the crisis even if there were no disruptions of supplies. Sometimes conventional wisdom can be wrong. Now, the price of oil
Markets were rocked last week due to a dramatic drop in oil prices. This week we discuss what to make of it. The plunge in the price of oil should act like a shot of adrenaline to the world economy. But, there will be winners and losers. Overall, the effect of cheaper oil is clearly
In our world of investment management and financial planning, uncertainty begets questions: sometimes the best reply to any of them is It Depends. This week we examine several current issues where It Depends. When will the Fed hike rates? It depends. What will the conflict in Iraq mean for the economy and investors—it depends. Will
One of the recurring themes at conferences in the last year has been the shale gas revolution, and in particular, its larger global impact. The revolution in oil and gas –known as “fracking”—has led the International Energy Agency to estimate the U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by
Labor Day is behind us and fall—usually a volatile period-- is before us. The last weeks of August showed signs of optimism for the economy and as well as a rise in tensions in the Middle East.