Oil Demand Destruction


by Reverse Engineer, Doomstead Diner

An analysis of why the Oil price crash is driven by Demand Destruction rather than manipulation by Oil producers or Geopolitics.


 more WWRT

What We Read Today 26 February 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Vikings were Pioneers of Craft and International Trade, not Just Pillaging

by Steven Ashby, The Conversation

The connections between technology, urban trading, and international economics which have come to define modern living are nothing new. Back in the first millennium AD, the Vikings were expert at exploring these very issues.


Infographic Of The Day: Solar Energy

The sun offers an amazing source of power, putting out 3.8 x 1026 watts.

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Video of the Day:

Australian researchers have unveiled the world's first 3D-printed jet engine, a manufacturing breakthrough that could lead to cheaper, lighter and more fuel-efficient jets. Engineers at Monash University and its commercial arm Amaero Engineering are making top-secret prototypes for Boeing Co, Airbus Group NV, Raytheon Co and Safran SA in a development that could be the savior of Australia's struggling manufacturing sector.

video of day picture

 more investing, markets, precious metals & forex Technical Summary 26 February 2015

 more opinion

ISIS Isn't The Long-Term Problem, Saudi Arabia Is

by John Robb, Daily Reckoning

Here"s a new way to think about something that should be obvious...

To the politicians in DC and financiers in New York, Saudi Arabia is an island of stability in a sea of chaos. A reliable ally, willing to keep the oil flowing, year in and year out. A place that"s not vulnerable to the instability that routinely guts the countries around it.


 USA economy at a glance (boxed items are updates in last 7 days)

Rail Week Ending 21 February 2015: This Was a BAD Week

Econintersect: Week 7 of 2015 shows same week total rail traffic (from same week one year ago) declined significantly according to the Association of American Railroads (AAR) traffic data. Intermodal traffic, which accounts for half of movements, continued to contract year-over-year. Although it is assumed part of the intermodal decline was caused by labor issues at the West Coast Ports, and another part was caused by a large decline in coal production - it does not explain a good portion of the decline.

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