The Economist (May 12)
“Ten weeks into the Iran war, the great oil-market mystery is deepening. Every day the Strait of Hormuz remains closed, nearly 14m barrels of oil—14% of global output—are lost.” Yet somehow Brent crude is priced at “just $107 a barrel,” far lower than expected. “Petro-powers [especially the U.S.] outside the Gulf have turbocharged exports.” Inventories and strategic reserves [especially China’s] are being tapped liberally. “During the four weeks to May 10th the big oil-buying regions imported 11m b/d less petroleum” than a year prior. “America and China have bought the world time. It still faces a reckoning if Hormuz stays shut.”
Tags: $107, 14m b/d, Brent crude, China, Closed, Exports, Global output, Gulf, Inventories, Iran war, Mystery, Oil market, Petro-powers, Strait of Hormuz, Strategic reserves, Ten weeks, U.S.
Washington Post (August 15)
“A great mystery of our time — one that should frame the campaign debate — is why the economic recovery has been so sluggish…. Either economic policy let us down or the economy has become less robust. Maybe both.”
The Dallas Morning News (November 21, 2013)
“From Europe, from Asia, from Latin America, they’re here to be the eyes of their nations, here from places like Serbia, Germany, Spain and Japan. Five decades have passed, but even beyond America, the Kennedy charisma still charms, the mystery still intrigues.” Over 900 members of the press from around the world requested credentials for the official 50th anniversary ceremony to be held in Dallas where JFK was fatally wounded.
Tags: Asia, Ceremony, Charisma, Charm, Dallas, Europe, Germany, Japan, JFK, Kennedy, Latin America, Mystery, Press, Serbia, Spain, U.S.
