Another way to see the anomalous growth in V.'s proven reserves is in this video. Crank the speed up for a cool visual:
03.02.2026 20:24
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Another way to see the anomalous growth in V.'s proven reserves is in this video. Crank the speed up for a cool visual:
Right. But they are also worth less when prices tank. That's what's not happening in Venezuela.
Another way to look at it: reserves relative to 1960 levels. WTI price also included
Why do analysts keep claiming that Venezuela has the greatest amount of proven oil reserves? Their reserves jumped in the mid-1980s when oil prices shot up, but they didn't decline as prices fell.
The Economics Nobel committee delivers a pretty clear rebuke to Trump's war on science and university research.
Additionally, Republican leaning districts, which overlap significantly with rural areas, see marked advantages compared to Democratic districts. These results highlight the potential for a VMT tax to address longstanding inequities in transportation funding
Anyone looking for a short video in their Intro Econ course on international trade and tariffs? Show this and you'll have plenty of time left over to talk about the Red Sox.
An electric utility's email alert program appears to reduce peak demand and provides significant private savings to the utility. Social savings, however, are small, from @GibMetcalf.bsky.social https://www.nber.org/papers/w34089
Check out this commentary by @kclausing.bsky.social @allanhsiao.bsky.social @gibmetcalf.bsky.social Marilyn Pereboom, and @cwolfram.bsky.social that analyzes the Foreign Pollution Fee Act's potential impacts on several economic and environmental outcomes:
ceepr.link/FPFA
My internal (but late to the game) grammar police have called me to task for saying "are out" rather than "is out"
CBO estimate of the distributional impacts of the #OBBBA are out and it is not pretty. This is hugely regressive. And it aggravates our already worrying federal debt situation.
Uh, oh. Be sure to wash your hands every time you refill your bird feeder.
I hope the follow-up question was "Now that you know, will you vote to strip out that provision in the final bill?"
I said it was readable, not recommended. Most of their stuff doesn’t even get up to that standard.
Worse, he argues that one must tack on the German VAT to the country’s tariff, conveniently ignoring the fact that the VAT is charged on domestic as well as imported cars. Sigh!
First, he argues that the U.S. has a 2.5 percent tariff on German cars in contrast to the German rate of 10 percent. The U.S. rate is actually 25 percent – someone forgot to tell Gordon that Trump raised the rates a month before his lecture.
Gordon provided a decent history of tariffs and their destructive influence on the world economy, despite ignoring the incredibly destructive nature of Trump’s mercurial on-off again trade “policy” approach. But then he veers off the rails with a rant against German auto policy.
The monthly @hillsdalecollege.bsky.social Imprimis publication never fails to amuse even if it generally goes in for right-wing fabulism at the expense of facts and rigor. The May issue was readable with an essay on tariffs by John Steele Gordon.
You're missing my point. Not meaning to generalize about anyone. But Vance is generalizing when he says judges are overturning "the will of the American people."
This should go without saying, but even if every person who voted for Trump supported his illegal, careless, and destructive actions, it is important to remember that A MAJORITY OF VOTERS VOTED AGAINST TRUMP.
What are the odds US counterespionage techs find all the bugs and assorted spyware installed in the Qatari "gift"?
You have to love this NYPost front page (c/o @pkrugman.bsky.social )
Is it just me or are the recent market gyrations making you a bit dizzy?
So the homeland security secretary had her passport, security badge and other belongings stolen at a restaurant? Is this the Keystone Kops or what?
I just love this quote from Lincoln about slavery: "When the storm shall be past, he shall find us still Americans; no less devoted to the continued Union and prosperity of the country than heretofore." Read the whole quote in the @hcrichardson.bsky.social piece. Very apropos.
Want to imagine something scary? Stephen Moore as Fed Chair. Mad King Don is crazy enough to try it.
Harvard has set an example for other higher-ed institutions - rejecting an unlawful and ham-handed attempt to stifle academic freedom, while taking steps to make sure students can benefit from an environment of intellectual inquiry, rigorous debate and mutual respect. Let’s hope others follow suit.
