Glenn Reynolds’ Fox News column on airport “security” hits the nail on the head, elegantly and incisively. Particularly since March, when I had a horrendous encounter with a megalomaniacal, misogynistic law official, I have stayed out of airports as much as possible without hampering my career. Glenn’s headline could have said “Revenge of the Tweezer, …
This DOE Energy Information Administration presentation does a really nice job of explaining the complex interactions among different distilled products, foreign and domestic sources, etc. It’s well worth a scroll through. Note that the EIA folks are less sanguine about distillate inventories than the API folks. That’s the beauty of “redundant” investigation — we use …
The July American Petroleum Institute report indicates that the inventory of distillate for heating oil and diesel fuel increased 7.2 percent relative to July 2001. This is a good thing, because it gives refiners a jump on the seasonal demand for home heating oil, which (all other things equal) should lead to more stable heating …
This Financial Times article recounts today’s close at $30.11, attributing it to war fears. I think it’s more complicated than that, but it’s not worth quibbling. The next OPEC meeting will be quite interesting …
This OpinionJournal editorial lays it out. I especially like: Of course, the idea of opening our market to imports has plenty of enemies–such as steel, textile and agriculture industries. And there is lots of political hay to be made by representing these interests. But the economics are clear: Imports offer American consumers more choice, higher …
Norah Vincent asks about protein intake and mood. My experience as a recovering carbohydrate fanatic is that increased protein intake has improve my body’s ability to burn fat for fuel, has increased my alertness and productivity, and has had an effect on my mood (although mood has never been a real issue for me). For …
Common sense and good advice from the reliably sensible Dan Gillmor.
Back from a week of Adam Smith, but still exhausted! Today and tomorrow we should be getting petroleum inventory information from API and the DOE, so I may have something to say on that subject. And more on Smith, of course.
It’s a mind-boggling insight that has transformed the way that (at least some of us) do economics. Megan McArdle has an outstanding description of the Coase Theorem and how it relates to spam. She points out something that usually gets lost in how people discuss and, gasp!, teach the Coase Theorem — in order to …
Okay, NOW I’m going back to the Theory of Moral Sentiments!
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