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Friday, May 9, 2014

WEST TEXAS INTERMEDIATE SPOT PRICE FOB CUSHING, OK IN GWDs

In PARTY OVER OOPS OUT OF TIME. YOU SHOULD HAVE PARTIED LIKE IT WAS 1999, I introduced the concept of the Reagan-Clinton Prosperity vs the Bush(2)-Obama Hard Times.

The average true price of a barrel (42-gallons) of Texas Light Sweet Benchmark  is almost two-fold during the Bush(2)-Obama Hard Times than the Reagan-Clinton Prosperity (1.90:1).

In INFLATION REVEALED! "REAL GDP" AND FEDERAL RESERVE BANK UNITS, I introduced FRBUs. FRBUs give the best measure of inflation since Nixon closed the gold window.

Federal Reserve Bank Units (FRBUs), or if you like better, Federal Reserve Buying Units are what circulate goods and services in the U.S.A. and elsewhere on earth.

De-stabilizing the Middle East has been costly.