Removing export restrictions would increase domestic production-—8 million barrels per day in April 2014—-because of increasing domestic crude oil prices. Estimates range from an additional 130,000 to 3.3 million barrels per day on average from 2015 through 2035.
Most of the confusion over Federal Reserve monetary policy over the last year and a half has been due to so called experts defending their mistaken analysis rather than confusing cross signals from the Fed.
The Treasury Department will decide in the “very near future” what actions it can take to deter U.S. companies from cutting tax bills by moving their addresses to other countries, Treasury Secretary Jacob J. Lew said today.
Two weeks ago, biotech was really strong, last week not so much. Last week Transports was strong, maybe this week it won’t be as much. But I will tell you that certain stocks that recently were on the cusp of breaking out, didn’t.