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OilPrice.com (March 7)

2023/ 03/ 08 by jd in Global News

There is scant “spare oil production capacity globally.” This mostly lies with Saudi Arabia and the United Arab Emirates. U.S. shale firms “are expected to raise oil production this year compared to 2022,” but might surprise on “the downside due to supply chain and labor bottlenecks, cost inflation, and the industry’s strategy to reward shareholders and pay down debts instead of taking on more debts to boost output.”

 

Barron’s (September 12)

2019/ 09/ 14 by jd in Global News

“Be careful what you wish for when calling for zero or negative interest rates, Mr. President.” There’s a downside and the results are not inspiring. “The record of negative rates in the euro zone, Sweden, Denmark, Switzerland, and Japan has been mixed…. While bond yields have fallen below zero, banks been reluctant to impose negative rates on depositors, resulting in a squeeze on their profits.”

 

Wall Street Journal (August 17)

2019/ 08/ 17 by jd in Global News

North Korea’s “spree of weapons tests—six in just three weeks, including one Friday—carry a potential downside for Pyongyang: diminished returns…. Its provocations don’t appear to be working. The shock value from the North’s military flourishes seems to be lost on President Trump, the key figure in the cash-strapped country’s campaign to shed economic sanctions.”

 

Bloomberg (December 3)

2018/ 12/ 03 by jd in Global News

Trump and Xi gave “markets the most they could have expected,” which wasn’t that much. Still, they avoided the “risk of a serious downside (an angry confrontation and a meeting ending with recriminations and no agreement).” While some may see justification for “risk on” investing, it’s worth noting that this truce is only temporary, “in the longer term, all the risks remain in place.”

 

Bloomberg (September 2)

2015/ 09/ 03 by jd in Global News

“If oil prices take another dramatic slide…, who wins and who loses? And could plummeting oil prices sow the seeds of the next recession?” Even in oil consuming nations, lower oil prices “come with a downside. As they work their way through the system, deflation could follow.”

 

Chicago Tribune (February 27, 2014)

2014/ 03/ 01 by jd in Global News

“Even if climate change turns out to be overblown, there’s no real downside in a carbon tax. We merely would have traded a tax that reduces good things, such as work and investment, for a tax that reduces bad things, such as environmental harms and hazards. If done in a revenue-neutral way, it would more likely speed economic growth than slow it.”

 

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