“Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.” PeopleThinkingWayWellsLongTurnsTalkingEconomyCuttingPolicyRateFedsStimulusBetter WaysMonetaryMonetary Policy Author:Franklin Raines
“So long as oil is used as a source of energy, when the energy cost of recovering a barrel of oil becomes greater than the energy content of the oil, production will cease no matter what the monetary price may be.” MayLongMatterUsedEnergyGreaterSourceCostNo Matter WhatProductionsOilCeaseMonetaryBarrelsRecoveringOil Production Author:M. King Hubbert