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GDP Downer
The world’s biggest economy ground to a standstill in the first quarter of 2015 wracked by massive job losses in the oil sector, falling personal consumption, weak exports and droopy fixed investment. Real gross domestic product (GDP), the value of the production of goods and services in the US, increased at an abysmal annual rate... Read More
Mission Accomplished, Indeed
– Antonia Juhasz, oil industry analyst, Al Jazeera. These are the ‘best of times’ for the oil giants in Iraq. Production is up, profits are soaring, and big oil is rolling in dough. Here’s the story from the Wall Street Journal: Mission accomplished? You bet. But for those who still cling to the idea that... Read More
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