Sunday, May 29, 2011

graphs

note domestic production
call it annualized 1.8 billion barrels
do the calc
$ 50 per b rise ...adds  $90 billion
in wind fall  profits to domestic producers
 -- assuming that long interval of similar production
at lower prices indicates marginal cost prices
on these wells are  prolly  still around 50 bucks per b --


image005.gif




second graph :

  paul k
correctly notes :

we could go to 4% core inflation for tten years
  ie revisit the reagan bright new morning in amerika rates
whilst
 considerably shrinking the real debt of all of us
from mr and mrs little me
to uncle  hizzseff