Publications: Notes at the Margin

Implications of Economic Stagnation: Secretary Geithner’s $2 Trillion Theft from Oil (June 23, 2014)


The International Energy Agency issued its Medium-Term Oil Market Report last week. In it, the IEA is silent on one critical issue: the economic outlook. The report does not mention world economic prospects except for one line in a table. Economic growth, or the absence thereof we fear, will be the story for oil and energy markets for the next decade. Stagnation will likely limit increases in demand and may even put downward pressure on prices. This week's report discusses the details and the implications.


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