What We Read Today 23 February 2014

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 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.

• The 15 Most Delicious Oysters and American Could Hope to Eat (Erin Byers Murray, Thrillist) A list by the author of ‘Shucked: Life on a New England Oyster Farm‘.

• Opportunity for U.S. LNG Exporters May Be Limited (Nick Cunningham, OilPrice.com) Low prices in North America and high prices in Asia will rapidly converge over a very few years.

• Obama Admin Approves Two Big Solar Projects On Public Lands (Joao Peixe, OilPrice.com, TalkMarkets)

The Department of Interior announced on February 19 that it had approved two new solar projects on public lands along the border between California and Nevada. The two projects would have a combined capacity of 550 megawatts, enough to power 170,000 homes.

• Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed (Mike Shedlock, MISH’s Global Economic Trend Analysis) The Fed continued to worry about inflation as the financial crisis unfolded. Read also The New York Times account and also The Washington Post. It appears that Bernanke and Yellen were among the most aware of potential problems, but they underestimated the extent of the downturn until it was a full crisis in late 2008. But other Fed governors seemed unaware that this was a generational crisis even in December 2008. Clueless seems too kind a term for some of these clowns. Some of them thought that the Lehman collapse was the end of the crisis and the Fed should step out of the picture. More to come on this later at GEI News.

• Apple security flaw could allow hackers to beat encryption (Joseph Menn, Reuters, Yahoo News UK & Ireland) Hat tip to Steve Griffin. Johns Hopkins University cryptography professor Matthew Green: “It’s as bad as you could imagine, that’s all I can say.”

There are 13 more articles discussed ‘behind the wall’.

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