The energy price version of “this time it’s different”

Michael Giberson David Wessel’s economics column at the Wall Street Journal takes a look at an IMF analysis of commodities prices since 1973. In the process, he makes an odd claim about energy prices. Wessel writes: To help distinguish temporary trends from long-lasting ones, International Monetary Fund economists recently charted the inflation-adjusted prices of four … More The energy price version of “this time it’s different”

Natural gas reserves may rapidly disappear (and later reappear)

Michael Giberson At Toronto’s The Globe and Mail, Nathan Vanderklippe reported, “Low natural gas price casts doubt on ‘proven’ reserves.” He explains how rapidly falling natural gas prices can cause reserves to disappear. And, by the way, with higher prices reserves can just as quickly reappear. It isn’t magic. But the nature of oil and … More Natural gas reserves may rapidly disappear (and later reappear)