Publications: Notes at the Margin

The Silent Revolution (November 4, 2013)


A silent economic revolution is taking place in North America, particularly the United States. The US is benefiting from the dramatic change in energy prices. Its competitive edge is increasing daily thanks to Vladimir Putin and other Russian officials who greedily push for higher and higher natural gas prices, the Federal Reserve's Quantitative Easing program, and policy actions in Europe. This week's report discusses the details and the implications. The report also examines who is bearing the cost of the US renewable fuels program. It appears to not be, unsurprisingly, the refiners and marketers.


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