Adam Sieminski begins as new EIA Administrator http://go.usa.gov/dkO EIAgov
Adam Sieminski
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Why is oil trading so concentrated in New York and London? Why do efforts to create new exchanges in the countries where most oil is produced so regularly fail? And why does the US dollar continue to dominate trading in commodities?
In this video, one of the most prominent energy economists in the world discusses the challenges of setting up new exchanges in new currencies and in new locations and gives a succinct description of the three reasons oil trading remains concentrated in existing centers even as consumption and production of energy continues to shift around the world. Keep reading →
Chinese Recession: Real or Not?
By Peter GardettProbably the best indication that the Chinese economy has entered a meaningful recession is the Chinese central government’s urgency to reassure everyone it isn’t so.
There have been rumblings since the end of last year that the Chinese economy was slowing, with poor lending practices, a property bubble and poorly managed internal migration all part of the new scenario sketched out for a possible recession. If it wasn’t for Europe’s unceasing convulsions over the credibility of its currency union the outlook for Chinese growth would be the central question for global economic trend-watchers. Keep reading →